CORAL GABLES, FL / ACCESSWIRE / February 26, 2019 / The marijuana stock market has consistently dominated headlines with news related to positive gains in the market, despite volatile conditions felt by other industries over the course of last year. In terms of the US cannabis markets, several states have put forth positive legislation in favor of legalizing cannabis with the hope that, soon, the federal government will remove cannabis' scheduled narcotic status. There is no reason that cannabis should be federally considered under the same lens as heroin or LSD, and it is the responsibility of lawmakers and politicians to earnestly speak to the true benefits of cannabis. CLS Holdings USA Inc (CLSH), Aphria Inc (APHA)(APHA), Auxly Cannabis Group Inc (CBWTF), and Canopy Growth Corp (NYSE:CGC) are 4 pot stocks worth keeping on your radar.
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 is poised to take advantage of the recent boom in the excitement surrounding marijuana and its countless uses for improving the quality of life for consumers. Earlier in 2018, the Company 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.
In recent news, CLS Holdings USA Inc (CLSH) announced earlier this month that it has been included in the LD Micro Index, effective February 1, 2019. For those unfamiliar with the index, the LD Micro Index is designed to give the most accurate representation of the intraday activity of micro-cap stocks in North America. Presently, the index is market cap weighted and is comprised of 996 stocks in the U.S. and Canada with market capitalizations between $50 million and $300 million.
Aphria Inc (APHA) found itself in headlines earlier this month when the Company announced that independent members of its Board of Directors unanimously approved the early termination and liquidation of a promissory note, option and other agreements related to the Company's divestment of all interests in Liberty Health Sciences, Inc.
Per the specific details from the Board of Directors meeting, the independent members of the Board of Directors unanimously approved the Early Termination and Liquidation wherein the Company received cash consideration of $47.4 million and may earn up to an additional $10 million based on certain value thresholds, if the counter-parties monetize the Liberty shares underlying the terminated option within six months.
Auxly Cannabis Group Inc (CBWTF) announced several weeks ago that, in an effort to bolster its management team, the Company appointed Brian Schmitt as Chief Financial Officer, Jason Sonshine as Vice President, Strategy, and Carla Nawrocki as Vice President, Investor Relations of the Company.
In addition to these appointments, the Company also announced that it has granted 1,150,000 options to purchase common shares of the Company to certain directors and officers of the Company pursuant to the Company's stock option plan. All Options will vest in equal tranches over the following four years and are exercisable at a price of $0.84 per common share. The Options have a term of five years and are subject in all respects to the terms of the Plan and the requirements of the TSX Venture Exchange.
Canopy Growth Corp (CGC) today announced that the Company has named Hilary Black as its Chief Advocacy Officer, effective immediately. In her expanded role, Hilary's mandate includes driving patient advocacy efforts worldwide, executing the Company's global corporate social responsibility strategy, and leading the implementation of best practices for diversity & inclusion.
Following the announcement, Mark Zekulin, President and Co-CEO of Canopy Growth, said, "as Chief Advocacy Officer, Hilary will further advance our mission to positively impact the wellbeing of neighbors, customers, and communities globally. Today's announcement marks a significant step forward in our efforts to scale our corporate social responsibility initiatives and advocacy efforts on a global level."
MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana-related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication.
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 have been compensated an additional $100,000 (CASH) from CLS Holdings USA extending the contract another 30 days ending February 28, 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).click here for our full disclaimer.
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