CORAL GABLES, FL / ACCESSWIRE / January 24, 2019 / The marijuana stock market has largely benefitted from a massive influx of capital over the course of the last few years. With so much happening throughout the market in terms of innovation and investments, many cannabis companies in the space have invested in products and opportunities meant to attract investor attention. As we continue into the new year and watch for the possibilities it may hold for the cannabis industry, CLS Holdings USA Inc (CLSH), Aphria Inc (APHA) Aurora Cannabis Inc (ACB) (ACB), and CannTrust Holdings Inc (OTC PINK: CNTTF) are 4 pot stocks that are gaining speed on Thursday.
CLS Holdings USA Inc (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, processing facilities, product sales, and brand creation.
Earlier this month, CLS Holdings USA Inc (CLSH) announced that it had entered into an option to acquire In Good Health, in accordance with the previously executed letter of intent. In Good Health is a licensed medical dispensary in Brockton, Massachusetts. Per the announcement, subject to the terms and conditions of the agreement, the parties have agreed upon all of the documents necessary to complete the acquisition.
The completion of the acquisition of In Good Health remains subject to a number of conditions set out in the Agreement.
Aphria Inc (APHA) announced earlier this week a confirmation that Green Growth Brands Inc has commenced an unsolicited take-over bid to acquire all outstanding common shares of the Company, other than the common shares of the Company owned by GGB or its affiliates, in exchange for 1.5714 common shares of GGB.
In response to the announcement, Irwin Simon, Aphria’s independent Board Chair, commented, "The cornerstones of Aphria’s strategy are industrial-scale production, pharmaceutical-grade quality, innovative product development, and industry-leading partnerships. The future value of what can be built on this foundation is substantial. Our shareholders have also benefitted from Aphria being one of the first cannabis companies to list on leading exchanges in Canada and the United States.
Aurora Cannabis Inc (ACB) today announced that it has closed its previously announced offering of 5.5% convertible senior notes due 2024 for gross proceeds of US$345 million(including US$45 million pursuant to the exercise of the initial purchasers' over-allotment option). The notes were issued at par value.
In a press release regarding the matter, Terry Booth, CEO of Aurora, said, "These convertible notes offer Aurora the flexibility and optionality to settle the entire principal amount of the notes in the future for cash, shares, or combination thereof. The transaction signals confidence in our expected future performance and recognition that we have deployed our shareholders' capital in an intelligent way."
CannTrust Holdings Inc (CNTTF) announced earlier this month that the Company has obtained the necessary permitting from the Town of Pelham to proceed with its Phase III expansion with the construction process set to commence immediately. Per the details of the expansion project, The revised Phase III expansion is permitted for a footprint of up to 390,000 square feet, compared to the 600,000 square feet in the Company’s initial application.
Peter Aceto, CEO of CannTrust, said, "We believe this decision reflects our view that we are a trusted member of the community and that we are intent on listening to our stakeholders. The demand for our medical and recreational products continues to be well in excess of supply and we are keen to move ahead with the Phase III expansion and meet our capacity targets. We also continue to evaluate several strategic alternatives to meet and increase our initial production capacity goals.
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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 have been compensated an additional $100,000 ( CASH) from CLS Holdings USA extending the contract another 30 days ending January 31, 2019. 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.