CORAL GABLES, FL / ACCESSWIRE / March 8, 2019 / Though the marijuana stock market and its accompanying industry are still very much in their infancy, cannabis companies have managed to attract significant investor attention during the course of the first few months of 2019. As it stands, a majority of U.S. states have some form of legislation in place which allows for the legal use of cannabis, be it medicinal or recreational. The primary focus of legislators now is convincing the federal government to remove marijuana's scheduled narcotic status, so that companies can access the domestic market in its entirety and offer consumers high-quality cannabis products. The future of the cannabis industry will be bright so long as public opinion surrounding marijuana legislation remains supportive and lawmakers continue to advocate for legalization. Next Green Wave Holdings Inc (NXGWF) (NGW), Aurora Cannabis Inc (NYSE:ACB) (TSX:ACB), MedMen Enterprises Inc (MMNFF), and CV Sciences Inc (CVSI) are 4 pot stocks worth keeping track of as we close out this week.
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) today announced that the Company has received final regulatory approval from the City of Coalinga for its Conditional Use Permits (CUP's) for nursery and both volatile and non-volatile extraction operations on its 3,240 ft² indoor facility. The Company has also begun construction according to the approved site design by the City of Coalinga on February 26th, 2019.
Following the announcement, Leigh Hughes, Chief Executive Officer of Next Green Wave Holdings Inc (NXGWF) (NGW), said, "obtaining final regulatory approval and beginning construction on Site C sees us meeting yet another key milestone for the Company. We have to again thank the City of Coalinga for assisting us throughout this process and supporting us in getting the second facility operational in the coming months."
Aurora Cannabis Inc (ACB) yesterday provided an update on its strategic investment in Choom Holdings Inc, an emerging consumer cannabis company that has secured one of the largest retail networks in Canada. In the months following Aurora's completion of its $27 million investment in Choom, and the convertible debenture offering on November 5, 2018, Choom has successfully achieved a number of its strategic growth initiatives.
Terry Booth, CEO of Aurora, commented, "through our strategic investment, we have helped to expedite Choom's commercial launch while gaining valuable insights into the consumer decision-making process which has helped to shape our product allocation and in-store marketing initiatives. I'd like to congratulate Choom on their success to date and look forward to the upcoming projects that the team continues to work on as they roll out their unique retail brand experience across Canada."
MedMen Enterprises Inc (MMNFF) made headlines earlier this week when the Company issued a statement regarding recent market activity in its Class B Subordinate Voting Shares traded on the OTCQX marketplace. On February 26, 2019, OTC Markets made inquiries regarding certain promotional activity concerning MedMen securities. The promotional activity relates to promotional materials encouraging investors to purchase the Company's Class B Subordinate Voting Shares.
Per the details of their statement, MedMen is committed to compliance with the OTC Markets Group Policy on Stock Promotion and the OTCQX Standards and Canadian securities laws. The Company does not condone the use of sensational language to describe the Company's business prospects or the growth potential of the Company's industry. The Company does not condone any statements made regarding urgency to invest in the Company's stock or any other similar statements.
CV Sciences Inc (CVSI), a supplier and manufacturer of the hemp CBD brand, PlusCBD Oil™, announced earlier this month the appointment of Douglas "Duffy" MacKay, N.D., as Senior Vice President of Scientific and Regulatory Affairs, effective March 18, 2019. Dr. MacKay will oversee the Company's scientific and regulatory affairs department, ensuring CV Sciences continues to pioneer the development of hemp-based cannabidiol products driven by rigorous science, innovation, and regulatory compliance.
In response to the new appointment, Joseph Dowling, CEO of CV Sciences, said, "CV Sciences is dedicated to accelerating CBD innovation, and imperative to that commitment is our ability to attract the world's best talent. Employing people with the caliber of Dr. MacKay allows CV Sciences to not only strengthen our position as a provider of high-quality CBD products, but also improves the knowledge base and credibility of the overall industry through advanced understanding of research, product, and technology development while ensuring regulatory compliance."
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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. Midam has been compensated an additional $50,000 and has extended its period of coverage to February 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.
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