CORAL GABLES, FL / ACCESSWIRE / January 15, 2019 / The past week has been extremely exciting for the world of cannabis, and, more specifically, the marijuana industry. Riding out the momentum of last year's monumental legislation, the sector has received much-need notoriety. With the passing of the Farm Bill at the tail-end of December, the cannabis sector, many variables have fallen into place that have allowed for more favorable opinion surrounding marijuana stocks, which has resulted in more investors interested in getting involved in the space. Following the passing of multiple pieces of legislation, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. Next Green Wave Holdings Inc (NXGWF) (NGW), Tilray Inc (TLRY), Innovative Industrial Properities Inc (IIPR), and Canopy Growth Corporation (CGC), (WEED.TO), 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. In mid-December, Next Green Wave Holdings Inc (NXGWF) (NGW) announced that it had qualified to trade on the OTCQB Venture Market, while also making clear its intention to seek the Depositary Trust Company eligibility.
In more recent news, Next Green Wave Holdings Inc (NXGWF) (NGW) made headlines today following the announcement that they have entered into a strategic licensing agreement to utilize Intrexon Corporation's Botticelli™ next generation plant propagation platform to enable rapid production of Next Green Wave Holdings Inc (NXGWF) (NGW)'s proprietary cannabis cultivars for the California market. The collaborative work conducted at the Company's facilities will also accelerate its vision of becoming a world-class nursery.
In a press release regarding the announcement, Mike Jennings, Chief Operations Officer and Head of Research and Innovation of Next Green Wave, said, ''We believe Intrexon's next-gen tissue culture approach will enable high volume propagation of cannabis varietals, ensuring product integrity and consistent performance to offer to our customers. As the cannabis industry continues to mature, we will continue to bring cutting edge partnerships into our Company to ensure we are pushing the innovation envelope amongst our peers.''
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Tilray Inc (TLRY), a global pioneer in cannabis protection and distribution, today announced that they have signed a long-term revenue sharing agreement with Authentic Brands Group to market and distribute a portfolio of consumer cannabis products within ABG's brand portfolio in jurisdictions where regulations permit.
In response to the agreement, Brendan Kennedy, Tilray President and CEO, said, ''We are thrilled to partner with ABG, a global leader known for expertly managing and marketing an owned portfolio of iconic brands. As we work to expand Tilray's global presence, this agreement leverages our complementary strengths and will be accretive to our shareholders as we reach new consumers across the entertainment, fashion, beauty, home and health and wellness sectors. We look forward to working with ABG to bring unique and sought-after branded cannabis products to the marketplace.''
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Innovative Industrial Properties Inc (IIPR), the real estate company focused on the regulated US cannabis industry announced, at the tail-end of December, that it had closed on the acquisition of a property in Barry, Illinois, which comprises approximately 75,000 square feet of industrial space situated on approximately ten acres.
"We are very pleased to close on this transaction with Ascend in Illinois, marking our ninth state where we own properties," said Paul Smithers, President and Chief Executive Officer of Innovative Industrial Properties, Inc. "We look forward to supporting Ascend as their long-term real estate partner, as they launch and continue to expand their operations in a number of states to meet the tremendous demand for patient treatment."
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Canopy Growth Corporation (CGC) (WEED) lauded the passing of the US 2018 Farm Bill in a press release on Monday. The Company included, in their praise, updates on their hemp operations as they prepare for US market entry due to hemp's legalization from the new bill.
Bruce Linton, Chairman, and Co-CEO, Canopy Growth, said, ''Canopy has been preparing for and investing in this opportunity for several years now, through strategic acquisitions, infrastructure expansion, and extensive internal research and development. With the door now open, we are moving fast to bring our considerable resources to establish the same market leadership position internationally that we have earned in the Canadian cannabis market."
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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. 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.