U.S. Markets closed

These Four Marijuana Stocks Could Spark Activity on Tuesday

CORAL GABLES, FL / ACCESSWIRE / March 12, 2019 / Running in tandem with the rise of the marijuana stock market has been cannabis companies producing products containing cannabidiol, or CBD. CBD contains none of the psychotropic elements of cannabis despite coming from the same plant, and CBD has become known as an incredible medicinal pain reliever for post-workout regimens because of its abilities as an anti-inflammatory. Following the passing of the U.S. Farm Bill, which was enacted several months ago, cannabis companies have increased production on the production and sales of industrial hemp because manufacturers can utilize hemp-derived CBD to use for creams, tinctures, and balms. ParcelPal Technology Inc (PTNYF) (PKG), Choom Holdings Inc (CHOOF) (CHOO.CN), Emerald Health Therapeutics Inc (OTCQX:EMHTF), and Canopy Growth Corp (NYSE:CGC) represent 4 marijuana stocks on the rise on Tuesday.

ParcelPal Technology Inc (PTNYF) (PKG) is a technology-driven logistics company purposed with connecting consumers to the goods they love. The Company's executive leadership recognized a problem: people simply don't have the time to take out of their day to go shopping. What began as a creative solution has since evolved into a massively successful on-demand marketplace where ParcelPal customers can purchase whatever they need and have their orders delivered within the hour.

As we've seen over the course of the last few months, public interest in cannabis-related products has increased. ParcelPal Technology Inc (PTNYF) (PKG) predicted this would occur, and back in September 2018, the Company announced that they had signed an agreement for cannabis distribution with Vancouver-based Choom Holdings, Inc, Canada's leading cannabis retailer.

In recent news, ParcelPal Technology Inc (PTNYF) (PKG) last month announced that Brian Storseth had joined the Company as Chairman of the Board of Directors. Prior to joining the ParcelPal team, Mr. Storseth was a Member of Parliament for the electoral district of Westlock-St Paul for the Conservative Party of Canada for 9 years from 2006-2015. During his tenure as an MP, he served on committees for Aboriginal Affairs, Agriculture and Agri-food Canada.

Following the announcement, Kelly Abbot, President, and CEO of ParcelPal Technology Inc (PTNYF) (PKG), said, "Brian is an incredibly accomplished business leader and policy expert, having spent 9 years in Ottawa in the House of Commons. He is intimately familiar with ParcelPal's business, our plans for future expansion and will be an invaluable asset moving forward as we navigate multiple opportunities across various Government entities, namely within the Ontario market. We are excited to leverage his network, experience, and leadership to assist with our national expansion plans."

For More Information On ParcelPal Technology Inc, Click Here

Choom Holdings Inc (CHOOF) (CHOO), an emerging adult and medical use cannabis company, today announced that the Company is entering the United States cannabis markets starting with the State of New Jersey. Choom through its wholly owned US subsidiary, Choom Holdings USA Inc., has signed a letter of intent to purchase an equity interest in a New Jersey-based medical retail dispensary applicant in New Jersey's upcoming Request of Applications ("RFA") that also intends to enter into recreational cannabis retail upon legalization, which is anticipated in 2020.

Chris Bogart, President, and CEO of Choom Holdings said, "this is our first step into the United States, and we are very excited for our partnership with this experienced group to have the Choom Brands in New Jersey. New Jersey is home to over 9 million people currently being served by only 12 cannabis operators in its medical program. New Jersey is an exceptional market to expand the Choom Brands."

For More Information on Choom Holdings Inc, Click Here

Emerald Health Therapeutics Inc (EMHTF) yesterday announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms Corp, received from Health Canada its seventh amendment to its cultivation license for its 1.1 million square foot greenhouse in Delta, BC. The additional approximately 206,000 square feet of growing area in the fourth and final quadrant of the greenhouse brings Pure Sunfarms' total licensed cannabis production area to approximately 1.03 million sq. ft. in 16 grow rooms.

Dr. Avtar Dhillon, President and Executive Chairman of Emerald, commented, "with Emerald's 50% stake in one of the largest fully operational cannabis production facilities in the world, we expect to realize significant economic value from Pure Sunfarms. We expect our supply agreement with Pure Sunfarms for 40% of its 2019 production, along with our Quebec and hemp operations, to support strong quarter to quarter sales growth this year."

For More Information On Emerald Health Therapeutics Inc, Click Here

Canopy Growth Corp (CGC) and Sequential Brand Groups Inc announced towards the end of February that Martha Stewart had joined the Company in an advisory role to assist with developing and positioning a broad new line of product offerings across multiple categories. With several clinical trials underway, Canopy Growth will be leaning on Martha's vast knowledge of consumer products while exploring the effectiveness of CBD and other cannabinoids as they relate to improving the lives of both humans and animals.

Following the announcement, Martha Stewart commented, "I am delighted to establish this partnership with Canopy Growth and share with them the knowledge I have gained after years of experience in the subject of living. I'm especially looking forward to our first collaboration together, which will offer sensible products for people's beloved pets."

For More Information On Canopy Growth Corp, Click Here

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.

Legal Disclaimer

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.

Midam Ventures has been compensated $75,000 per month by a ParcelPal Technology, Inc. for a period beginning September 1, 2018, and ending February 1, 2019, to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG). Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to April 1, 2019. 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. Please click here for full disclaimer.

Contact Information:

news@stockprice.com

SOURCE: StockPrice.com



View source version on accesswire.com:
https://www.accesswire.com/538748/These-Four-Marijuana-Stocks-Could-Spark-Activity-on-Tuesday