Coral Gables, FL / ACCESSWIRE / December 1, 2014 / Marijuana legalization efforts are growing much stronger especially after the major wins during midterms for states like Alaska, Oregon and the District of Columbia. With the rise of heavy investment into the market earlier this year and the recent opportunity for entry as the marijuana market saw brief consolidation, there are still new companies entering the space both directly and indirectly.
Stragenics, Inc (ASAB) announced in late October that the company has begun seeking new acquisition opportunities with early stage internet companies prior to the commercialization period. True to form, Stragenics has pushed forward with an agreement to acquire BakedAmerican.com, a recreational cannabis consumer website providing product information, dispensary locations, strain information and resources for marijuana legal states.
The website, which will generate revenue through advertising, profile placement and merchandising, is near its initial public release and in the eyes of the Company’s management, is a perfectly timed investment as BackedAmerica enters its commercialization phase. Though volume has been light over more recent months, the Company’s latest entry into the Marijuana sector may bode well for the new business model and for investors looking for new opportunities within the space.
(for more information on ASAB and related companies please visit http://dailystockreporter.com/market-scan/?symbol=asab)
Green Cures & Botanical Distribution Inc. (GRCU) announced last week that the company plans to merge with Green Cures, Inc. along with becoming a fully reporting OTCQB entity. The importance here is that the Company will be moving forward with its online media blitz for targeted advertising of its Green Magic brand of hemp=infused products. “There is an estimated 4.2 million potential consumers that may be interested in our products. By implementing these specific-sophisticated targeting platforms, we aim to increase product awareness about our hemp-infused products," said Green Cures' CTO Benjamin Craik.
Though this is more of a Hemp play than a marijuana play, those paying attention to the industry in its entirety seem to have found interest in this stock. Since hitting lows of $0.0015 earlier this month, Green Cures stock price has jumped back by 233% after closing Friday at $0.005.
(for more information on GRCU and related companies please visit http://dailystockreporter.com/market-scan/?symbol=grcu)
Converde Energy Inc. formerly W2 Energy, Inc (WTWO) has taken a unique approach to the marijuana industry and is not necessarily entering the space as a main source of revenue but rather enhancing current processes through its established technologies. Late in September the Company announced that it would be changing its name to better proceed with its new business model. Last week Converde announced that it had received a quarter million dollar purchase order for the development of a machine capable of grinding and extracting terpenes, cannabinoids and fatty acids from hemp/cannabis plants.
Through a memorandum of understanding with iKingdom Investments, Inc. the companies will enter into a joint venture to further develop this process. Not only will the new venture produce medicinal products but there is also a licensing play by which the companies will promote the sale of extraction equipment to other parties.
Since making the initial announcement in September, Converde’s stock has jumped as high as .0011 and continues to remain 300% above the “pre-name change” levels after closing out the short day on Friday at $0.0004.
(for more information on WTWO and related companies please visit http://dailystockreporter.com/market-scan/?symbol=wtwo)
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