Marijuana Stocks That Could Lead The 4th Quarter Charge
CORAL GABLES, FL / ACCESSWIRE / November 1, 2018 / Many marijuana stocks saw higher premarket trading on Thursday. News that medical marijuana was receiving a warm welcome in Britain helped spur additional interest with companies in the sector. In general, cannabis stocks have been bullied by adverse market conditions following Canada’s legalization. Despite these short term bumps, reports still show that the industry is slated to realize significant growth in the short term.
Grand View Research* reports that the global legal marijuana market is expected to reach $146.4 billion by end of 2025. The research firm cites the growing adoption of marijuana in several medical applications such as cancer, mental disorders, chronic pain and others becoming the catalysts to propel revenue growth in near future. Here are 3 pot stocks to watch as new, international interest expands.
Integrated Cannabis Company (ICNAF) (ICAN) has focused on the product side of the cannabis industry. The company currently has a product portfolio of CBD and THC oral sprays and has also begun expanding its offering. In a recent announcement, Integrated Cannabis Company (ICNAF) (ICAN) announced an agreement to license Cannabidiol (CBD) formulated gummies.
Integrated Cannabis plans to begin distributing CBD-based gummies through its contract manufacturer, Titration Technologies, in Phoenix, Arizona.
Earlier this year, Integrated Cannabis also announced the completion of a market-ready Tetrahydrocannabinol (THC)-infused spray product and the required licensure for manufacturing of the product in Colorado. The THC product employs the same nanotechnology used to enhance the CBD-infused X-SPRAYS™, resulting in higher bioavailability and faster uptake versus capsules or powder. The Company continues to enhance the flavor profiles in order to find an optimal formula.
Shares of Integrated Cannabis Company (ICNAF) (ICAN) have climbed by more than 35% since Tuesday’s low of $0.54.
For More Information On Integrated Cannabis Company (ICNAF) (ICAN), Click Here
Tilray (TLRY) announced this week that Brendan Kennedy, President and Chief Executive Officer, and Mark Castaneda, Chief Financial Officer, Secretaryand Treasurer, will present at the Morgan Stanley Global Consumer and Retail Conference. The presentation will be on Wednesday, November 14,2018 at 1:00 p.m. ET and the simultaneous, live webcast will be available on the Investors section of the Company’s website. The webcast will be archived for 30 days.
The company will also be reporting results for the third quarter ended September 30,2018 on Tuesday, November 13,2018 after market close.
Tilray focuses on medical cannabis research, cultivation, processing, and distribution. Tilray is said to be the first GMP-certified medical cannabis producer to supply cannabis flower and extract products to tens of thousands of patients, physicians, pharmacies, hospitals, governments and researchers on five continents.
Over the last few weeks, shares of Tilray pulled back to lows not seen since late September.
For More Information On Tilray, Click Here
Cronos Group (CRON) (CRON) will also be announcing its financial results and hold its Third Quarter 2018 Earnings Conference Call this month. The company will report on Tuesday, November 13,2018 at 8:30 a.m. EDT. Senior management will be available for questions from the investment community after prepared remarks.
Cronos recently announced that it has entered into a sponsored research agreement with the Technion Research and Development Foundation of the Technion - Israel Institute of Technology, to explore the use of cannabinoids and their role in regulating skin health and skin disorders.
"We believe that the potential applications of cannabinoids to regulate skin health and treat skin disorders are vast, and we are excited to begin exploring these applications through our partnership with Technion," said Mike Gorenstein, Chief Executive Officer of Cronos Group. "Using rigorous data to develop efficacious topical and transdermal formulations will be key to creating differentiated products that provide quality treatments to our consumers and strengthen our brand portfolio."
For More Information On Cronos Group, Click Here
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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 Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 42018 and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. Please click here for full disclaimer
*Grand View market report: https://www.grandviewresearch.com/industry-analysis/legal-marijuana-market
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