CORAL GABLES, FL / ACCESSWIRE / March 22, 2019 / The marijuana stock market has garnered much of its notoriety due to investors focusing on the top players on the cannabis industry. Over the course of the last few months, these companies often have been the pure-play growers of the cannabis plants, as well as businesses that invest in the marijuana industry. Having said that, there is a large amount of potential within lesser-known companies in the cannabis sector, namely ancillary companies which fulfill a crucial role for the industry. These companies have the ability to see bullish gains without the need for significant exposure to the cannabis market. ParcelPal Technology Inc (PTNYF) (PKG), Green Thumb Industries Inc (GTBIF), VIVO Cannabis Inc (VVCIF), and Curaleaf Holdings Inc (CURLF) (CURA.CN) represent 4 pot stocks on the rise on Friday.
ParcelPal Technology Inc (PTNYF) (PKG) is a technology-driven logistics company determined to connect consumers to the goods they love via an easy-to-use, on-demand platform. Through the use of ParcelPal, customers can shop at partner businesses and receive their orders within an hour. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.
ParcelPal Technology Inc (PTNYF) (PKG) yesterday announced that the Company has achieved a major milestone of completing more than two million deliveries. This milestone demonstrates the growth the Company has undergone since its inception as well as further validates that they are on the way to becoming the most diverse and top on-demand delivery company in Canada and soon the United States.
Following the announcement, Kelly Abbot, Chief Executive Officer of ParcelPal Technology Inc (PTNYF) (PKG), said, ''we are extremely excited to have achieved this major milestone. Our growth in 2018 was tremendous and our team has grown significantly. We are looking forward to a successful rollout in the cannabis industry amongst other verticals in the coming months across Canada with existing and future partnerships.''
Green Thumb Industries Inc (GTBIF), a national cannabis consumer packaged goods company, earlier this week announced that the Company will hold a conference call on Tuesday, April 9, 2019, at 5:00 pm ET following the release of its fourth quarter and full year 2018 financial results after market close. At the tail-end of last month, the Company made headlines when it announced the closing on the acquisition of For Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products. The acquisition was previously announced on February 5, 2019.
In response to the acquisition, Ben Kovler, Founder and CEO of Green Thumb, said, ''Beboe has an extremely talented team, a robust innovation pipeline, an aligned vision on the future of cannabis and a ground-breaking partnership with Barneys New York. We are thrilled to have the visionary Beboe team officially on board with GTI.''
VIVO Cannabis Inc (VVCIF) yesterday announced that the Company's wholly-owned subsidiary, ABcann Medicinals Inc., has received approval from Health Canada to begin cultivation in the expansion of its Vanluven Road facility in Napanee, resulting in a doubling of the Company's Ontario cultivation capacity. Cultivation in the expanded area will commence immediately.
Following the announcement, Barry Fishman, Chief Executive Officer of VIVO, said, ''through our internal expansion projects (including indoor facilities, seasonal greenhouses, and outdoor growing) and certified third-party partners, we are well-positioned to increase our offering of premium products in Canada's medical and adult-use markets, including launching new formats such as edibles, concentrates and precisely-dosed medical products when they are permitted by regulations.''
Curaleaf Holdings Inc (CURLF) (CURA) on Thursday announced the grand opening of its Gainesville dispensary as the company continues to expand rapidly throughout the state. Per the details of the announcement, the Gainesville dispensary includes 2 private consultation rooms for patients and a community meeting room. The company will launch a series of monthly educational events this April for local patients, physicians, and community members.
Per the details of the announcement, the Gainesville dispensary will be over 1,100 square feet and include 2 private consultation rooms for patients and a community meeting room. The Company will launch a series of monthly educational events this April for local patients, physicians, and community members.
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