CORAL GABLES, FL / ACCESSWIRE / October 18, 2018 / The entire country of Canada has now joined a number of the states in the U.S. like California, Massachusetts, Maine, Colorado, Washington, Nevada and others as the first G7 country to bring legal marijuana to its people. Cannabisstocks have grown more active leading up to this past Wednesday.
"Whilethe opportunity is large, the market is going to develop in phases both in terms of product availability as well as retail access points," Vivien Azer, and analyst at Cowen, told CNBC in an interview Tuesday. "For product availability on day one it's going to be pretty limited: no traditional vapor products, beverages or edibles. That could take as much as a year."
Rightnow, investors are looking at a number of cannabis companies working to take full advantage of this market boom including NextGreen Wave (NGW), Tilray Inc. (NASDAQ: TLRY), and SpeakEasy Cannabis Club Ltd. (CNSX: EASY)(OTC PINK: SPBBF).
NextGreen Wave (NGW) released news this week that it has entered into a letter of intent whereby the Company intends to acquire 100% of Loud Seeds, LLC along with the Loud Seeds brand and all of its related assets. As consideration for the Transaction, NextGreen Wave (NGW) intends to distribute $2,000,000 in common shares of the Company to the shareholders of Loud Seeds.
Leigh Hughes, Executive Chairman of Next Green Wave (NGW): "Being able to bring one of the best seed banks in the world into our nursery continues to differentiate Next Green Wave from other cultivators. We are excited to join an award-winning genetics portfolio with world-class breeding skills as the construction of our first facility nears completion and begins cultivation."
Shares of Next Green Wave have climbed to highs of $0.81 on Tuesday.
ForMore Information On Next Green Wave, Click Here
Tilray Inc. (NASDAQ: TLRY) saw its shares recover on Thursday morning. The company's stock was driven down lower on Wednesday as Canada began legal sale of recreational marijuana. Tilray Inc.'s recent announcement that is has sold $450 million in convertible debt to "qualified institutional buyers" in the U.S. and Canada has sparked added interest in the company during recent weeks.
The company said it plans to use the money to repay its mortgage on its facility in Nanaimo, British Columbia, and use the cash for working capital, and future acquisitions, among other things. Tilray said it netted roughly $435 million after the purchasers' discount and expenses related to the transaction.
Tilray Inc. has also received approval from the Drug Enforcement Administration to import cannabis into the U.S. for medical research, the first Canadian company to do so.
ForMore Information On Tilray, Click Here
SpeakEasy Cannabis Club Ltd. (CNSX: EASY)(OTC PINK: SPBBF) issued an update to investors this morning and highlighted specifics about the company's plan to move forward in the legal Canadian cannabis space. The company applied for our ACMPR license on March 27, 2017.
SpeakEasy has a 10,000 square foot indoor facility located at Rock Creek, British Columbia that it anticipates using for the growth, production and cultivation of small batch cannabis assuming it is successful in obtaining a license to do so from Health Canada. The Company is also in the process of building its Phase 2, 80,000 square foot expansion facility at Rock Creek, British Columbia.
ForMore Information On SpeakEasy, 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.
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, Midam is being paid a total of $1,075,000 for a period from October 1, 2018, and ending on April 1, 2019. We may buy or sell additional shares of (Next Green Wave) 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. Please click herefor full disclaimer
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