OGRMF - Cannabis Industry Continues to Grow: Top Plays - THC Therapeutics Inc. (THCT)
HENDERSON, NV / ACCESSWIRE / April 1, 2019 / According to a handful of Wall Street investment firms, the marijuana industry is slated to grow by leaps and bounds over the next decade. The U.S. legal cannabis industry is expected to reach $75 billion in sales by 2030, according to research firm Cowen & Co. That's almost as large as the North American carbonated soft drink market in 2017.
It's also an industry that investors have seemingly accepted with open arms. Since the beginning of the year, the Horizons Marijuana Life Sciences ETF, which holds about four dozen pot stocks with various weightings, is up around 60%. Today we're highlighting top plays in the industry.
One company that has a ton of upside is THC Therapeutics, Inc. (THCT). The US patent office has accepted ALL 20 claims for The dHydronator®. Very recently, the company announced that it has received full patent protection for the dHydronator®, which can reduce moisture content of cannabis to 10% in only 10-14 hours, normally it takes up to 14 days. The dHydronator® also destroys harmful surface contaminants & pathogens. The term of the patent provides 20 years of protection on the scalable intellectual property for the dHydronator®. This is Big news from (THCT).
Today we are highlighting: THC Therapeutics, Inc. (THCT), OrganiGram Holdings Inc. (OTCQX: OGRMF), KushCo Holdings (OTCQB: KSHB), Charlotte's Web Holdings, Inc. (OTCQX: CWBHF), and ParcelPal Technology Inc (PTNYF).
THC Therapeutics, Inc. (THCT) (Market Cap: $96.047M; Share Price: $7.30) has developed a sanitizing herb dryer, The dHydronator®. Their laboratory-proven product is specifically designed for drying and sanitizing freshly harvested cannabis and herbs. THCT's product has been tested by two independent laboratories. The testing covered over 6 strains and 9 independent tests to confirm the findings. Over the 9 tests and 6 strains, there was a 4% average increase of THC-A*.
As we mentioned earlier, the US patent office has accepted ALL 20 claims for The dHydronator®. The company has received full patent protection for the dHydronator®. Start your research today on THCT.
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An existing marijuana licensed producer, OrganiGram Holdings Inc. (OGRMF) (Market Cap: $874.472M; Share Price: $6.75), is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. It is ramping up production to capitalize on new market opportunities. As the cannabis market progresses, an active expansion that includes a 15,000 sq. ft. extract processing facility could prove quite useful. Recently, the company signed a letter of intent with the Société québécoise du cannabis and now has distribution in place for all ten Canadian provinces. Based on currently available public information, this agreement makes Organigram one of only three licensed producers ("LPs") in Canada along with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) and Aphria (TSX: APHA andNYSE: APHA) to have secured distribution agreements with every province.
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KushCo Holdings (KSHB) (Market Cap: $522.791M; Share Price: $5.94) has direct, relevant expertise in helping a wide array of customers comply with legal requirements including packaging regulations in many jurisdictions. There are several stocks living in the space of providing the goods and services needed by marijuana cultivators and their end users. It is probably best known for providing packaging and branding solutions to more than 5,000 marijuana growers worldwide. In 2018, KushCo moved the company firmly into the hydrocarbon gases and solvents arena through acquisition of Summit Innovations. KushCo is necessary to produce high-margin cannabis oils and Summit Innovations is required for cannabis concentrate production.
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Charlotte's Web Holdings, Inc. (CWBHF) (Market Cap: $1.857B; Share Price: $19.94) received some big news this past December when President Trump signed the Farm Bill into law. In doing so, hemp production and hemp-derived CBD became legal in all 50 states. This provided the needed clarity and catalyst for expansion of the hemp industry. "We believe this important legislation will have a positive impact on consumer access to hemp-derived CBD products and for our valuable farming communities throughout the country," said Hess Moallem, President and Chief Executive Officer.
Charlotte's Web Holdings, Inc. produces and distributes hemp-based, cannabidiol wellness products in the United States. It offers products in the categories of tinctures, capsules and topical products.
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ParcelPal Technology Inc (PTNYF) (Market Cap: $7.334M; Share Price: $0.2602) demonstrated the growth the company enjoyed so far, as well as further validating that they are on the way to becoming one of the most diverse, on-demand delivery companies in Canada when it announced earlier this month that the company has completed over two million deliveries. It recently announced that it has expanded its relationship and operations with Amazon.com by commencing operations in the state of Washington and will begin delivering for Amazon imminently. The initial delivery service will be offered in Everett, Washington with the plan for greater expansion into the USA. It is also in the final stages of launching medical and recreational cannabis delivery with Choom and Kiaro.
ParcelPal Technology Inc. provides on-demand local delivery services in Canada and soon to be the U.S. The company offers ParcelPal, an on-demand local delivery service application for restaurants, retail, and liquor stores to enable consumers to order food, clothing, and alcohol through a merchant's website.
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Signed by
Priyanka Goel, CFA
Legal Disclaimer:
This article was written by Regal Consulting, LLC (''Regal Consulting''). Regal Consulting has agreed to a three-month term consulting agreement with THCT dated 2/14/18. The agreement calls for 50,000 restricted shares of THCT per month. All payments were made directly by THC Therapeutics, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. THCT was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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