CORAL GABLES, FL / ACCESSWIRE / February 5, 2019 / The future of the marijuana stock market will depend on two key factors: industry experts must continue to work to design and manufacture top-of-the-line products meant to elevate the human experience, and consumers must feel confident that companies in the cannabis industry both understand their needs, and are prepared to meet these needs. It's not a matter of coming up with a nuanced approach to a common problem people face, but more so that the solution is something people can actually get behind. So long as companies immersed in the cannabis sector recognize these two aspects, it may very well catalyze potential investor opportunities in the near future. ParcelPal Technology Inc (PTNYF) (PKG), HEXO Corp (NYSE American: HEXO), Canopy Rivers Inc (OTC PINK: CNPOF), and Charlotte's Web Holdings Inc (CWBHF) (CWEB.CN) represent four companies determined to innovate towards advancing the cannabis industry into the future.
ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the space, is taking advantage of the fact that, as new technologies have been developed to meet the growing challenges in life, so too has the willingness of consumers to be persuadable, in terms of considering products they otherwise might not consider. The Company created an on-demand marketplace where consumers can shop for anything from food to cannabis. No more waiting in line for your lunch or rushing to dispensaries after work.
ParcelPal Technology Inc (PTNYF) (PKG) utilizes technology-driven logistics to connect consumers with the goods they love, including allowing customers to place orders for cannabis products. Customers can shop at partner businesses and, through the ParcelPal platform, receive their purchased goods within an hour.
ParcelPal Technology Inc (PTNYF) (PKG) announced towards the end of last month that the Company had formed a partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. According to the announcement, MADD Canada has endorsed ParcelPal as their official delivery service in Canada. As part of the ParcelPal's national rollout campaign, advertising for ParcelPal's service will be seen across the country in various educational forms. Together, MADD Canada and ParcelPal will launch a national awareness campaign focused on educating Canadians on the dangers of impaired driving and the options they have for getting items they want or need without leaving the party.
In a press release regarding the announcement, Kelly Abbott, President, and CEO of ParcelPal Technology Inc (PTNYF) (PKG), explained that "as ParcelPal dives deeper into cannabis and alcohol delivery, we are very aware of the inherent risks associated with consumption. We take every precaution to ensure the product is not only delivered safely but will be consumed responsibly as well. Our driver training programs and our technology are designed to ensure they do not deliver to a highly intoxicated or underage person."
HEXO Corp (HEXO) announced just before the end of last month that the Company had closed its previously announced marketed offering of 8,855,000 common shares at a price of C$6.50 per share for aggregate gross proceeds of C$57,557,500, which includes the exercise of the full over-allotment option of 1,155,000 common shares.
Per the details of the announcement, the Company will use the net proceeds from the Offering for general corporate purposes, including funding the Company's global growth initiatives and research and development to further advance the Company's innovation strategies.
Canopy Rivers Inc (CNPOF) found itself in headlines this week following an announcement that the Company has entered into an agreement with CIBC Capital Markets and Eight Capital, under which the Joint Bookrunners have agreed to purchase, together with a syndicate of underwriters, 11,500,000 subordinated voting shares of the Company on a "bought deal" basis at a price of $4.80 per Subordinated Voting Share for gross proceeds of approximately $55.0 million.
In line with the bought deal, Canopy Growth Corp, the Company's largest shareholder, said it will purchase a minimum of 6,250,000 Subordinated Voting Shares on a private placement basis, at a price per Subordinated Voting Share equal to the Issue Price for additional gross proceeds of a minimum of approximately $30.0 million.
Charlotte's Web Holdings Inc (CWBHF) (CWEB), a Company leading the market in whole-plant extract products with naturally occurring CBD, announced at the tail-end of last month that Stephen Lermer had joined the Company in the newly formed role of Chief Operating Officer effective January 28, 2019.
Following the announcement of Lermer's appointment, Hess Moallem, President and CEO of Charlotte's Web, commented, "his appointment dramatically expands our domestic and international operational capabilities and brings high-level pharmaceutical quality and operating expertise to our organization. I've had the privilege of working with Stephen in the past and consider him a trusted advisor."
What Is Stock Price (StockPrice.com)?
Stock Price is defined as the price of a single share of a number of saleable stocks of a public company. A stock price is the highest amount an investor or trader is willing to pay for the stock, or the lowest amount that it can be bought for.
StockPrice.com was created for everyone that wants the latest stock quotes, stock charts, company news, and the best financial content.
At Stock Price (StockPrice.com), you get free stock quotes, up-to-date news, international market data, social interaction and the best financial content that will help you manage your financial life.
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. JSG Communications, LLC which owns www.StockPrice.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
JSG Communications, LLC, which owns www.StockPrice.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. JSG Communications, LLC, which owns www.StockPrice.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two.
An Affiliate of JSG Communications, MIDAM VENTURES LLC has been compensated $75,000 per month for 3 months by ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG). We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares.
View source version on accesswire.com: