CORAL GABLES, FL / ACCESSWIRE / April 11, 2019 / The marijuana stock market has become quite dominated by companies that are working out of either the U.S. or Canadian cannabis space. A majority of these companies have recognized the potential benefits of distributing the product for both of these markets. Given the tidal shift in public opinion surrounding cannabis, companies in the cannabis industry have recently ramped up production to give consumers the products they need. With so much opportunity coming out of the cannabis industry, it seems as though there are no signs of slowing anytime soon. Nabis Holdings (INNPF) (NAB), Trulieve Cannabis Corp (OTC PINK: TCNNF) (TRUL.CN), Planet 13 Holdings Inc (PLNHF), and MariMed Inc (MRMD) are 4 pot stocks that could test April highs.
Nabis Holdings (INNPF) (NAB) is a Canadian investment company focused on investing in high-quality cash flowing and strategic assets across multiple aspects of the cannabis sector primarily in the U.S. limited license states with a roadmap to expand globally.
Nabis Holdings (INNPF) (NAB) yesterday announced that the Company has completed its investments in strategically located properties that have municipal approvals for provisioning centers in Battle Creek and Constantine, both located in Michigan. As it stands, the Company is currently working to acquire several other provisioning centers across the State of Michigan.
Per the details of the various investment agreements, Nabis Holdings (INNPF) (NAB) paid a combination of cash at closing and deferred cash for an undisclosed total amount. The Company will issue Finder fee shares subject to the board and CSE approval.
Trulieve Cannabis Corp (TCNNF) (TRUL) yesterday announced its financial results for the fourth quarter and full year ended December 31, 2018. Per the details of their announcement, the Company acquired several companies in 2018, including 100% of Life Essence Inc and Leef Industries.
Kim Rivers, Chief Executive Officer of Trulieve, said, "in 2018, we focused on building a foundation to scale the business over the long-term and made significant progress on Trulieve's core mission to create the preferred customer-centric brand in cannabis. In the fourth quarter, we demonstrated our growth through brand expansion and scale by increasing our dispensary footprint in Florida by five stores, adding cultivation and state of the art processing facilities, onboarding strategic brand relationships and making significant progress on our plans for growth beyond Florida with acquisitions in Massachusetts and California."
Planet 13 Holdings Inc (PLNHF), a leading vertically-integrated Nevada cannabis company, earlier this month announced monthly statistics for their Las Vegas Cannabis Entertainment Complex since opening back in November 2018.
Following the announcement, Larry Scheffler, co-Chief Executive Officer of Planet 13, said, "we opened Phase 1 of the 112,000 square foot Planet 13 Cannabis Entertainment Complex, a 16,200 square foot dispensary, on November 1 st, 2018 and I am very pleased to announce that in March we had 1,987 paying customers per day at an average ticket of $89.17. In March, almost 100,000 people entered our dispensary, and other companies are starting to realize the value of our shelves, we are in negotiations with multiple companies to sell premium shelf space and advertising."
MariMed Inc (MRMD), a multi-state cannabis and hemp company dedicated to improving health and wellness across the cannabis sector, made headlines today when the Company announced that it will be presenting at the Benzinga Cannabis Capital Conference held in Toronto, Canada April 17-18.
Bob Fireman, Chief Executive Officer of MariMed, stated, "MariMed is a bigger, healthier and more vibrant company than just six months ago. We look forward to sharing with investors our achievements and opportunities for growth at one of the cannabis industry's biggest gatherings."
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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 Innovative Properties Inc dba Nabis Holdings, Midam has been paid $500,000 from Innovative Properties Inc dba Nabis Holdings for a period from 4/10/2019 to 7/25/2019. We may buy or sell additional shares of Innovative Properties Inc dba Nabis Holdings in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Innovative Properties Inc dba Nabis Holdings. Click here for our full disclaimer.
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