PHOT - Watch These 4 Marijuana Stocks Make Moves on Wednesday (2/13/19)
CORAL GABLES, FL / ACCESSWIRE / February 13, 2019 / The marijuana stock market has largely benefitted from the US federal government's recent shift towards a more "hands-off" approach to individual state mandates regarding cannabis laws. This has allowed for companies operating in the domestic market to strategically target which states to rollout certain products for and capitalize on such opportunities. Despite states operating with autonomy in terms of cannabis legalization, there are still a considerable amount of states that have yet to get on board. As we continue to move through the month of February, the hope is that, as lobbyists push for favorable cannabis legislation, this will translate to investors taking interest in the cannabis industry. Biome Grow Inc (CSE: BIO) (BIOIF) (6OTA.F), GrowLife Inc (OTCQB: PHOT), PotNetwork Holdings Inc (OTC PINK: POTN), and Auxly Cannabis Group Inc (OTCQX: CBWTF) are four cannabis companies focused on developing high-quality products for consumers in the cannabis market.
Biome Grow Inc (CSE: BIO) (BIOIF) (6OTA.F) is a company on track to become an industry leader in the Canadian cannabis market. Biome's team of expert executives has put in the groundwork to ensure that the Company invests in a diversified set of holdings, across sectors such as finance, growing technologies, regulatory affairs, business building, and marketing.
Biome Grow Inc (CSE: BIO) (BIOIF) (6OTA.F) announced towards the end of last week that the Company just rebased its first shipments of finished products to Newfoundland and Labrador. Products are expected to be delivered directly to retail locations across the two Canadian regions and will be accessible to customers in the coming weeks. Per the details of the announcement, the first shipments will assist in reducing the immediate supply shortage in the domestic cannabis market, following Canada's nation-wide legalization of adult-use recreational cannabis.
As part of the landmark agreement between Biome Grow Inc (CSE: BIO) (BIOIF) (6OTA.F) and its Newfoundland and Labrador brand, Back Home Medical Cannanbis Corporation, the first shipment represents a key component of the largest cannabis supply agreement in Atlantic Canada, as well as one of the top five largest deals of its kind in the Canadian cannabis market by quantity.
For More Information On Biome Grow Inc, Click Here
GrowLife Inc (PHOT), one of the nation's most recognized indoor cultivation product and service providers, today announced that, in an effort to maintain a well-regulated leadership team, it has appointed Foday Deen as its new Corporate Controller. Per the details of the announcement, Foday has over 15 years of experience in accounting and finance, working in large to medium-sized public and private companies.
Marco Hegyi, Chief Executive Officer of Grow Life, said, "Deen's long track record of success at various reputable companies and well-studied approach made him an excellent selection for this role. We hope this will enable our CFO to focus on our strategic plan of acquiring or aligning with other industry leading companies that fit within our core mission."
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PotNetwork Holdings Inc (POTN) announced earlier this month that Diamond CBD, its wholly-owned subsidiary, will start installing their new Brain Chill Slushy Machines that will be available in stores across South Florida. These slushy machines are not typical to convenience store offerings in that each 12oz cup will contain 100mg of full spectrum CBD.
Kevin Hagen, CEO of PotNetwork Holdings, said, "I'm ecstatic about these slushy machines! They're great conversation builders, instrumental in building a positive rapport with customers about CBD, and why CBD is so beneficial. We expect these machines to be a huge hit for stores all across South Florida and we also wish to expand to other cities and states in the near future."
For More Information On PotNetwork Holdings Inc, Click Here
Auxly Cannabis Group Inc (CBWTF) at the tail end of last week announced the termination of the definitive agreement dated March 3,2018 between the Company and FV Pharma Inc, a wholly-owned subsidiary of FSD Pharma Inc.
At the time of the original agreement, the joint venture was formed with the intention of developing a portion of FSD Pharma's cannabis cultivation facility located in Ontario, but, over time, Auxly identified contract breaches relating to FSD's management and staffing obligations for several of their facilities. The termination of the joint venture arrangement with FSD Pharma does not materially impact the Company's strategy nor its supply pipeline.
For More Information On Auxly Cannabis Group Inc, Click Here
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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.
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