CORAL GABLES, FL / ACCESSWIRE / March 11, 2019 / When speaking about the marijuana stock market, it seems as though investors are given only two options: companies at the top of the industry, or small-to-mid cap companies that are lesser known by comparison. Interestingly enough, it's not really all that black-and-white when you really think about it. A significant portion of the outward potential with cannabis stocks has recently emanated from companies who produce cannabis, also referred to as pure-play cannabis stocks. For investors interested in potentially lucrative opportunities, these companies in the cannabis sector are worth looking into. Next Green Wave Holdings Inc (NXGWF) (NGW), Aurora Cannabis Inc (NYSE: ACB, TSX: ACB), Terra Tech Corp (TRTC), and Harvest Health & Recreation Inc (HRVSF) are 4 pot stocks starting this week off with a bang.
Next Green Wave Holdings Inc (NXGWF) (NGW) is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, the world's largest cannabis market. The Company currently owns and operates over 15 acres of cannabis-zoned development land is nearing completion on its first proprietary engineered 35,000 sq. ft. facility.
Next Green Wave Holdings Inc (NXGWF) (NGW) announced at the tail-end of last week it had received final regulatory approval from the City of Coalinga for its Conditional Use Permits (CUP's) for nursery and both volatile and non-volatile extraction operations on its 3,240 ft² indoor facility. The Company has also begun construction according to the approved site design by the City of Coalinga on February 26th, 2019.
Following the announcement, Leigh Hughes, Chief Executive Officer of Next Green Wave Holdings Inc (NXGWF) (NGW), said, "obtaining final regulatory approval and beginning construction on Site C sees us meeting yet another key milestone for the Company. We have to again thank the City of Coalinga for assisting us throughout this process and supporting us in getting the second facility operational in the coming months."
Aurora Cannabis Inc (ACB) today announced that it has commenced sales of cannabis oils to German pharmacies following receipt of all necessary approvals from the Canadian and German regulatory authorities. Pedanios 5/1 drops have become the first extract derived oil product compliant with the German monograph for in-pharmacy preparation.
Neil Belot, Aurora's Chief Global Business Development Officer, said, "having established early mover advantage in selling cannabis oils in Germany, we are exceptionally positioned to extend our market leadership and accelerate the growth of our European operations. As our global production capacity continues to ramp up, we are able to strategically allocate more product from our EU GMP certified cultivation facilities to this higher margin market that continues to be significantly undersupplied."
Terra Tech Corp (TRTC) saw its shares enjoy a 16.26% boost to kick off Monday's trading, with shares trading at $1.33 per share late in the morning. The vertically-integrated cannabis agriculture company today announced that it will release its full-year 2018 results on Thursday, March 14, 2019, after U.S. markets close.
The excitement surrounding the company could be connected to its announcement from earlier this month where the Company shared that it had completed the renovation of its cultivation facility located on West Grand Avenue, Oakland.
Harvest Health & Recreation Inc (HRVSF) made headlines today when the Company announced that it has entered into a binding agreement to acquire Verano Holdings, LLC, one of the largest privately held multi-state, vertically integrated licensed operator of cannabis facilities, in an all-stock transaction for an estimated purchase price of approximately $850 million based on a share price of CND $8.79.
Following the announcement, Jason Vedadi, Executive Chairman of Harvest, said, "we are confident that this is an opportunity to continue to leverage each of our company's strengths and drive continued shareholder value, while at the same time achieving the scale we know will give us a leadership position in one of the largest cannabis markets in the world."
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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 Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1, 2018 to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. Midam has been compensated an additional $75,000 and has extended its period of coverage to January 8, 2019. Midam has been compensated an additional $50,000 and has extended its period of coverage to February 8, 2019. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. For disclaimer information, click here.
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