SVVTF - Four Marijuana Stocks Leading the Bull Charge on Thursday
CORAL GABLES, FL / ACCESSWIRE / April 4, 2019 / The marijuana stock market over the last few years has changed drastically. During that time, lawmakers have pushed for legislation in favor of legalizing cannabis resulting in the shifting opinion of the public. Both occurrences have contributed to a friendlier atmosphere surrounding the marijuana industry. In light of this, we've seen the rise of ancillary companies amid the cannabis sector, whose operations are crucial to the betterment of the industry despite not being directly responsible for cannabis production. Many of these companies have invested their resources in furthering the industry via research and manufacturing of products containing cannabidiol (CBD). All in all, the cannabis sector looks to be in a good place, and if these trends continue, investors looking for potential opportunities could benefit from paying closer attention. Nabis Holdings (INNPF) (NAB), Planet 13 Holdings Inc (OTCQB: PLNHF), Tilt Holdings Inc (OTCQB: SVVTF) (CNSX: TILT), and Cresco Labs Inc (OTCQX: CRLBF) are 4 pot stocks that could set 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) today announced that it has completed its investments in strategically located properties with municipal approvals for provisioning centers in Muskegon and Bangor City, both in Michigan. Per the details of their agreement, the Company 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.
Following the announcement, Shay Shnet, Chief Executive Officer and Director of Nabis Holdings (INNPF) (NAB), said, "the completion of our investments in the Muskegon & Bangor City provisioning centers in Michigan is only the start of an aggressive cross-country expansion for Nabis. With the recent closing of our $35 million private placement debenture financing, we are planning to move aggressively to expand our presence in many other limited license states."
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Planet 13 Holdings Inc (PLNHF), a leading vertically-integrated Nevada cannabis company working to develop a brand known for its world-class dispensaries, yesterday announced its monthly statistics for the Compan's Las Vegas Cannabis Entertain Complex since opening November 1, 2018.
Bob Groesbeck, Co-Chief Executive Officer of Planet 13, stated, "Planet 13 is in the best position in the country to help brands create a lasting connection with thousands of customers from all over the world. Our in-house brands are proof of this power. We launched TRENDI in November, and it is already the top-selling concentrate brand in Nevada 4. Medizin continues to sell out every month, and today we launched our third brand Leaf & Vine. Our new Production Facility will enable us to keep pace with demand while expanding into gummies, chocolates, and beverages and offering our products in other dispensaries across Nevada."
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Tilt Holdings Inc (SVVTF) (TILT), a leading provider of products and services to businesses operating in the cannabis industry, this week announced the expansion of Blackbird Holdings Corp.'s delivery and supply chain services in the greater Los Angeles area covering an addressable population of more than 18 million people and thousands of businesses. Blackbird's expansion will include on-demand cannabis delivery, positioning Blackbird to become one of the largest direct-to-consumer distributors in the cannabis industry, which complements its significant wholesale presence.
Alex Coleman, Chief Executive Officer of Tilt, commented, "TILT's integrated business model is designed to empower the industry and help cannabis entrepreneurs establish, build and grow their businesses profitably. With the expansion of Blackbird services in California, as well as the integration of Baker and Blackbird's suite of software offerings, we are pleased to further support cannabis business owners by providing operations and software solutions that facilitate the movement of cannabis products at each touch point within the supply chain."
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Cresco Labs Inc (CRLBF) made headlines on Monday when the Company announced that it has entered into a definitive agreement with CannaRoyalty Corp d/b/a Origin House, pursuant to which Cresco Labs will acquire all of the issued and outstanding shares of Origin House. Per the terms of the agreement, holders of common shares of Origin House will receive 0.8428 subordinate voting shares of Cresco Labs for each Origin House Share.
Charlie Bachtell, Chief Executive Officer and Co-founder of Cresco Labs, said, "the acquisition of Origin House is another example of our focused and disciplined approach to creating a meaningful presence in key cannabis markets through excellence in brand development and distribution. Having a similar priority on consumers and consumer brands with the expertise of executives from the largest wine and liquor distribution company in the United States, the team at Origin House has established the premier cannabis distribution company in the largest cannabis market in the world."
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