CORAL GABLES, FL / ACCESSWIRE / February 11, 2019 / The market surrounding marijuana stocks has continued to maintain a significant presence in media conversations when discussing future industries with the potential for exponential growth. Specifically, in North America, many variables have fallen into place that has allowed for more favorable opinion surrounding cannabis. Dozens of state officials have advocated for the legalization of marijuana, resulting in investors getting behind any company working to distribute high-quality products to the US cannabis markets. Following Canada's nation-wide legalization and the recent passing of the US Farm Bill, the cannabis sector has managed to demonstrate the potential for the future, and investors in search of opportunities could benefit from paying attention. Next Green Wave Holdings Inc (NXGWF) (NGW), KushCo Holdings Inc (KSHB), 1933 Industries Inc (TGIFF), and InMed Pharmaceuticals Inc (IMLFF) are 4 pot stocks making headlines this month.
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. Presently, the Company owns and operates over 15 acres of cannabis-zoned development land is nearing completion on its first proprietary engineered 35,000 sq. ft. facility. The Company is determined to provide premium products and brands to both medicinal and adult use consumers.
Next Green Wave Holdings Inc (NXGWF) (NGW) announced last week that its OTCQB listed common shares under the symbol NXGWF are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States. For those unfamiliar with the Depository Trust, the DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies.
Following the announcement, Leigh Hughes, Chief Executive Officer of Next Green Wave, said, "as a direct result of NGW's DTC eligibility, the Company is now accessible to all US investors and institutions and allows the Company's trading in the capital markets to be strengthened. NGW have a significant and constantly expanding following out of the US and enhancing our exposure for further investment is exciting."
KushCo Holdings Inc (KSHB), the parent company of innovative cannabis industry leaders, today announced several key changes to its executive leadership team. Effective March 1, 2019, Jim McCormick will step down from his role as Chief Operating Officer of KushCo to pursue other opportunities.
Rodrigo de Oliveira will be promoted from his current role as Vice President of Operations of Kush Supply Co., to take over as Interim COO of the Company. Jason Vegotsky, currently President of Kush Supply Co., will be promoted to Chief Revenue Officer of the Company, and Carmen Lam, currently Regional Sales Director of Kush Supply Co., will be promoted to Senior Vice President of Kush Supply Co.
Following the announcement of all the aforementioned announcements, Nick Kovacevich, CEO of KushCo, said, "we are very pleased and excited to announce the promotions of Jason, Rodrigo, and Carmen to these significantly impactful leadership roles. During their time at the Company, they have all consistently demonstrated their ability to execute on critical strategic initiatives and have showcased a passion for KushCo's success."
1933 Industries Inc (TGIFF), a licensed cultivator and producer of cannabis flower and concentrates, reported last week that construction on its new cultivation facility in Las Vegasis nearing completion and awaiting electrical meter installation.
Per the release, The new facility will house the Company's subsidiary, Alternative Medicine Association's indoor cannabis cultivation. AMA is one of Nevada's largest wholesalers of cannabis products, including branded flower, wholesale distillate for vape products, and a broad range of concentrates with distribution channels in place throughout Nevada.
InMed Pharmaceuticals Inc (IMLFF) enjoyed impressive gains in the market on Monday, with shares up 2.29%, trading at 0.55 per share. The Company announced last week that it will report financial results for the three months ended December 31, 2018, which represents the Company's second quarter of fiscal year 2019, on February 12, 2019.
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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,
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