CORAL GABLES, FL / ACCESSWIRE / January 9, 2019 / The cannabis industry has been notoriously successful over the course of the past several years. With the recent increase in capital and sheer amount businesses entering the market, the nascent sector has seen unprecedented growth in marijuana stocks. As public opinion surrounding cannabis becomes increasingly more favorable, the marijuana industry may begin to present an appealing opportunity for investors looking into space. As experts and professionals in the field work to develop innovative approaches to developing products utilizing cannabis/hemp, the industry as a whole may benefit. ParcelPal Technology Inc (PTNYF) (PKG), Aphria Inc (APHA) KushCo Holdings Inc (KSHB), and Tilray Inc (TLRY) are 4 pot stocks that are heating up on Wednesday.
ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the space, is taking advantage of the fact that, as technology has evolved over the years, so too has the industry surrounding delivery apps and their growing popularity. The opportunity that ParcelPal may be presenting now draws comparisons to the way early investors had an opportunity with companies like Uber and Grubhub before they went mainstream in the US.
ParcelPal Technology Inc (PTNYF) (PKG) created an on-demand marketplace where customers can shop for anything from food to clothes, and customers need only shop from the app, choose the items they want, and wait for the delivery within one hour.
In recent news, ParcelPal Technology Inc (PTNYF) (PKG)'s President and CEO Kelly Abbot provided investors with a corporate update, via a press release issued today, which shared all significant accomplishments from the company throughout the duration of 2018.
Following this announcement, President and CEO Kelly Abbott said, ''We are continuously executing on our strategic plan, attracting potential partnerships, and looking at further city expansions. The opportunities are endless for evolution and revenue diversification within the on-demand delivery industry. We have been reinvesting into our technology platform and have begun to scale our service across Canada and now into the United States.''
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Aphria, Inc (APHA) made headlines on Wednesday when it announced that its Columbiam subsidiary, Colcanna SAS had signed an exclusive agreement with the Federacion Medica Columbiana, a national entity that oversees the ethical exercise of medical professionals in Colombia, to collaborate on an academic curriculum on the medicinal use of cannabis.
Gabrial Meneses, Vice President, LATAM and Caribbean for Aphria, said, "Education in the medical community is critical for sustaining the advancement of medical cannabis in Colombia. Colcanna is proud to make this exclusive arrangement with Federación Médica Colombiana, which will offer doctors and medical professionals across the country a credible and trusted source of information and training on medical cannabis.
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KushCo Holdings, Inc (KSHB), the parent company of innovative industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and several other entities, which provide a range of services and products in the regulated cannabis and CBD industries, announced early last week that it will issue its fiscal first quarter 2019 results press release on January 8, 2019 after U.S. markets close.
According to the announcement, Nick Kovacevich, Chief Executive Officer of KushCo, and Chris Tedford, Chief Financial Officer, will be conducting a question and answer session following their prepared remarks.
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Tilray Inc (TLRY), a global pioneer in production, research, and distribution of medicinal cannabis, announced in mid-December that its wholly owned subsidiary, Tilray Canada Ltd, had entered into a global framework agreement to collaborate with Sandoz AG, a global leader in generic pharmaceuticals and biosimilars and a part of Novartis group, to increase availability of high-quality medical cannabis products across the world.
In response to the agreement, Brendan Kennedy, Tilray's Chief Executive officer, said, "This agreement represents a major milestone in the movement to provide access to safe, GMP-certified medical cannabis to patients in need across the world. Tilray is a global company and we're thrilled to build upon the success and momentum from our existing agreement with Sandoz Canada by taking our partnership global. Sandoz AG will be a valuable partner as we work together to improve access to the highest quality medical cannabis products in countries all over the world.''
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