CORAL GABLES, FL / ACCESSWIRE / January 10, 2019 / The end of the year was a large turning point for the marijuana industry, as the year's events were instrumental in cementing the growth of the cannabis sector around the world. Specifically, in North America, many variables have fallen into place that have allowed for more favorable opinion surrounding cannabis. In turn, the trends towards accepting cannabis, and its countless uses, has allowed for companies in the space to attract investor attention. Whereas cannabis endured countless generations of prohibition, following the recent passing of the US Farm Bill, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking to space. As we continue into the new year and watch for the possibilities it may hold, CLS Holdings USA Inc (OTC:CLSH), Green Growth Brands Inc (GGBXF), Green Thumb Industries Inc (GTBIF) (GTII.CN), and Canopy Rivers Inc (OTC PINK: CNPOF) are 4 pot stocks that are gaining speed on Thursday.
CLS Holdings USA Inc (OTC:CLSH) is a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries. The Company's business model is comprised of licensing operations, processing operations, professing facilities, product sales, and brand creation. Earlier in 2018, CLS Holdings USA Inc (OTC:CLSH) closed on its acquisition of Oasis Cannabis, a company which announced that packaged marijuana product represented 67% of its total sales. As a cannabis retailer for the state of Nevada, Oasis served over 127,000 customers in its first year of adult-use sales.
CLS Holdings USA Inc (OTC:CLSH) announced earlier this week that it would be providing investors with a corporate update to highlight its achievements and ongoing activities. Per the update, the Company's common shares will commence trading on the Canadian Securities Exchange, or CSE, at the opening of the market on January 7, 2019 under the ticker symbol ''CLSH.''
Jeffrey Binder, Chairman, and CEO of CLS Holdings, stated, ''This is an exciting day for CLS as it opens up an entirely new base of knowledgeable cannabis investors. The company has worked hard to achieve this listing and we are appreciative of the opportunity to have our company listed on such a terrific platform.''
Green Growth Brands Inc (GGBXF) found itself in headlines today when it announced an agreement with DSW Inc to sell hemp-derived cannabidiol personal care precuts under the Seventh Sense Botanical Therapy brand at select DSW stores through the US. Seventh Sense brand offers high-quality CBD-infused products and affordable prices, including muscle balms, body lotions, body washes, and foot creams.
In a press release regarding the agreement, Peter Horvath, CEO of Green Growth Brands, commented, ''DSW is the number one full line adult footwear specialty retailer in North America. They have revolutionized shopping for shoes and accessories and we are thrilled they chose to partner with our company, allowing us to introduce a new product category to their customers.''
Green Thumb Industries Inc (GTBIF) (GTII.CN) enjoyed impressive gains on Thursday as company shares climbed 5.98% in mid-day trading. The Company's share increase may be connected to their recent announcement that they were awarded an Ohio processing license, one of up to 40 the Ohio Department of Commerce is authorized to award.
Ben Kovler, GTI Founder and Chief Executive Officer, said, ''We look forward to serving the people of Ohio who deserve the very best products available as they seek relief with medical marijuana – and we are also honored to be able to create jobs in the state. Expansion in Ohio supports our strategic goal of increasing our footprint and distributing brands at scale. This license win allows GTI to produce and distribute its quality brands in Ohio.''
Canopy Rivers Inc (CNPOF) announced earlier this week that its 49%-owned joint venture PharmHouse Inc had entered into a syndicated credit facility with the Bank of Montreal, as agent and lead lender, and with Canadian Imperial Bank of Commerce and Concentra Bank as lenders. Under the terms of the Credit Facility, per the press release, the Lenders will provide PharmHouse up to $80 million of secured debt financing at a low interest rate.
Bruce Linton, Chairman and Chief Executive Officer of Canopy Rivers, said, We are proud to be entering the new year with a significant financial development for PharmHouse, a joint venture we consider well-positioned to pursue the increasingly global cannabis opportunity. Having secured what we believe to be the largest bank debt to a private company in the cannabis industry, one that is supported by a syndicate of three Schedule I banks, PharmHouse has gained substantial momentum.
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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. MAPH Enterprises LLC which owns www.MarijuanaStocks.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.
MAPH Enterprises LLC, which owns www.MarijuanaStocks.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. MAPH Enterprises LLC, which owns www.MarijuanaStocks.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. Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and CLS Holdings USA Inc. (CLSH), Midam has been paid $100,000 from CLS Holdings USA Inc. (CLSH) for a period from November 30, 2018 to December 30, 2018. We may buy or sell additional shares of (CLSH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about CLS Holdings USA Inc. (CLSH). For disclaimer information, click here for our full disclaimer.