EMMBF - These Four Marijuana Stocks Could Surpass March Highs
CORAL GABLES, FL / ACCESSWIRE / March 5, 2019 / The marijuana stock market has been the focus of investors and consumers during the first few months of the new year as a result of a recent shift in how people think about cannabis. In the past, by virtue of a general lack of understanding, the knee-jerk reaction was to fear cannabis and insist the federal government keep us safe from such a "scary" substance when there was never anything to be worried about. In fact, as we've seen from countless reports and statistics released from the medical community, cannabis can be used to alleviate symptoms caused by countless diseases, especially diseases which cause inflammation. If trends remain consistent and public opinion surrounding the cannabis sector remains positive, investors could benefit from looking into cannabis companies. CLS Holdings USA Inc (OTC: CLSH), Canopy Growth Corp (CGC) (WEED), Emblem Corp (EMMBF), and Terra Tech Corp (TRTC) are 4 marijuana stocks setting the pace on Tuesday.
CLS Holdings USA Inc (OTC: CLSH) is a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries. The Company is poised to take advantage of the recent uptick in the excitement surrounding cannabis and its multitude of use cases for consumers looking to improve their quality of life.
CLS Holdings USA Inc (OTC: CLSH) announced towards the end of last month that the Company had redeemed all of its convertible debentures issued to YA II PN, Ltd., "Yorkville", a Cayman Island exempted limited partnership, which was issued on May 14, 2018, and July 20, 2018. Pursuant to the terms of the debentures, the investor generally was able to convert any portion of the principal and accrued interest under the debentures into CLS Common Stock at a fixed conversion price of $0.40 per share.
Per the details of the announcement, through the redemption of the debentures for total cash consideration of $964,787, CLS Holdings USA Inc (OTC: CLSH) has eliminated the potential issuance of approximately 2.5 million shares of CLS stock that would be immediately eligible for resale.
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Canopy Growth Corp (CGC) (WEED) announced last week that the Company has formed a transformative clinical research partnership with the NHL Alumni Association and NEEKA Health Canada to investigate the efficacy of cannabinoids as a treatment for post-concussion neurological diseases in former hockey players.
Following the announcement, Dr. Mark Ware, Chief Medical Officer of Canopy, said, "this complex and multidimensional study will give us an unprecedented understanding of the interaction between cannabidiol (CBD) and the brains and behaviors of former NHL players living with post-concussion symptoms. We thank the members of the NHLAA whose willingness to join this unique research partnership speaks to the need for alternative medical treatments to treat the long-term and often devastating effects of concussions."
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Emblem Corp (EMMBF) announced earlier this month that its parent company, Aleafia Health Inc, had named private healthcare executive Keith White as the Company's new President of Clinic Operations. Most recently, White was The Oshawa Clinic's, Chief Operating Officer. Oshawa, the largest of its kind in Canada, is a Greater Toronto Area multidisciplinary medical clinic network with over 500,000 unique patients.
Geoffrey Benic, Aleafia Health CEO, said, "Aleafia Health will enable patients to navigate seamlessly through cannabis education, illness-specific questionnaires, medical cannabis script product purchasing, order subscription management, and treatment/titration monitoring within an integrated, globally scalable platform."
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Terra Tech Corp (TRTC) saw impressive gains in the market on Tuesday, with its shares up 8.98%, trading at $0.85 per share in the early afternoon. The Company yesterday announced that it has completed the renovation of its cultivation facility located on West Grand Avenue, Oakland, in California. One of the goals of the facility will be to research and develop various cultivation techniques to optimize efficiencies and crop yields.
Per the details of the renovation, the newly renovated facility features an upgraded power capacity to allow for more output and a larger vegetation room to support the cultivation of a greater variety of cannabis strains. The rooms are redesigned to incorporate better environmental controls, therefore improving the Company's ability to cool and dehumidify the rooms and minimize the risk of mold growth.
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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 CLS Holdings USA Inc. (CLSH), Midam has been paid $100,000 from CLS Holdings USA Inc. (CLSH) for a period from November 30, 2018, to December 30, 2018. We have been compensated an additional $100,000 (CASH) from CLS Holdings USA extending the contract another 30 days ending January 31, 2019. We have been compensated an additional $100,000 (CASH) from CLS Holdings USA extending the contract another 30 days ending February 28, 2019. We may buy or sell additional shares of (CLSH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about CLS Holdings USA Inc. (CLSH).click here for our full disclaimer.
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