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CORAL GABLES, FL / ACCESSWIRE / January 28, 2019 / Marijuana stocks have managed to become one of the hottest topics in the news over the course of the past few years. Given the short amount of time spent in the new year, 2019 has undoubtedly already been filled with new legislation regarding cannabis. One of the key factors causing the mobilization in political arenas is that the vast majority of the public is in favor of cannabis legalization. When Canada decided to begin selling recreational marijuana on October 17th, it helped to create a domino effect as well as shift the public opinion in showing that a legal adult-wide cannabis industry could work viable. With the increase of capital and business entering the market, the cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. Global Consortium Inc (GCGX), Aleafia Health Inc (ALEAF) (ALEF), Emblem Corp (EMMBF), and HEXO Corp (HEXO) are four pot stocks looking to remain on high this month.
Global Consortium Inc (GCGX) that you might not have heard of, but could definitely benefit from looking into. As the marijuana market has become increasingly more lucrative for some time now, Global Consortium is putting in the work to become one of the industry leaders in terms of hemp-derived CBD products. The company has maintained a focus that not only targets corporate growth but also tackles the public markets as well. Just before the end of the new year, the Company announced that it had rescinded their transactions with Trans Global Group, Inc. effective December 31, 2018.
As the Company takes the steps necessary to lead the CBD industry into the future, Global Consortium Inc (GCGX) has made it a point to build a corporate framework for these aspirations to be built upon. Earlier this month, the Company announced the beginning of manufacturing operations for Indulge Oils, one of their premium CBD products. Following the start of operations, the first purchase of bio-mass was completed. According to reports, Indulge Oils will soon be filling orders for 20 liters of Oil at $8,500 per liter.
In recent news, Global Consortium Inc (GCGX) has received a weekly order from a delivery company worth a minimum of $50,000 per week. The delivery company is the only licensed delivered company servicing the Lake Tahoe. According to the announcement, all of Global’s product lines will be offered by the delivery company, including Infused Edibles, Indulge Oils, and any other products produced.
Aleafia Health Inc (ALEAF) (ALEF) announced at the tail-end of last week that it had received results from its first study reporting progress from patients who had used the Company's benzodiazepine medication. The report found that that 45.2 percent of patients regularly consuming benzodiazepines had stopped taking the medication within approximately six months of beginning medical cannabis. These patients, following prescription cannabis use, also reported decreased daily distress due to medical conditions.
Following the report release, Aleafia Health Chief Medical Officer Dr. Michael Verbora said, ''this study's results will not be surprising to many patients who have transitioned from prescription pain killers and sedatives with the help of physician-led medical cannabis therapy. I thank the study authors for this significant contribution to evidence-based medicine.''
Emblem Corp (EMMBF) announced in mid-December 2018 that it had entered into a definitive agreement under which they would be acquired by Aleafia Health, Inc. Per the details of the announcement, when the Transaction is completed, it is expected that existing Aleafia and Emblem shareholders will own approximately 59.0% and 41.0% of Aleafia, respectively, on a fully diluted in-the-money basis. The Transaction was unanimously approved by Emblem's Special Committee and Board of Directors.
HEXO Corp (HEXO) found itself in headlines early last week when the Company announced he pricing of its underwritten public offering of common shares at a price of C$6.50 per share. The underwriters for the Offering had agreed, at the time of the announcement, to purchase 7,700,000 common shares from the Company for gross proceeds to the Company of C$50,050,000.
Per the details of the announcement, The Offering is expected to close on January 30, 2019, subject to the satisfaction of a number of customary conditions including, but not limited to, the listing of the common shares on the TSX and the NYSE American and any required approvals of each exchange. 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.
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Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Global Consortium Inc. (GCGX), Midam has been paid $20,000 fromGlobal Consortium Inc. (GCGX) for a period from January 22, 2019 to February 22, 2019. We may buy or sell additional shares of (GCGX) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Global Consortium Inc. (GCGX). For previous compensation and disclaimer information, click here.