CORAL GABLES, FL / ACCESSWIRE / November 12,2018 / Marijuana stocks have gotten a surge of interest following the US midterm elections and the stepping down of Jeff Sessions as attorney general. Additional states in the US gave a nod for legalization, which has helped build more interest for cannabis companies.
Michigan, for example, voted to legalize marijuana for recreational use, ending decades of prohibition and ushering in a new era of cannabis law and a burgeoning cannabis industry. "I think people are waiting for the Berlin Wall of cannabis prohibition to topple over in the U.S. and I think yesterday's election removed a few more bricks from that wall," said Tilray (TLRY) CEO Brendan Kenny on CNBC in a recent interview. Ten states and the District of Columbia have now approved recreational use of pot. Despite the short-term pullback in some marijuana stocks, the market has still been able to advance after the recent series of positive news that the industry has seen
Integrated Cannabis Company (ICNAF) (ICAN) has seen its shares climb by more than 50% over the last few months and much of its credit may be attributed to the many deals that the company has been initiating. Integrated Cannabis Company (ICNAF) (ICAN) continued this pursuit with the completion of a Definitive Agreement to distribute its line of X-SPRAYSâ„¢ products through the clinic and doctors' offices of Empower Clinics. Empower is a leading owner and operator of medical cannabis and wellness clinics in the US.
In addition to this, Integrated Cannabis Company (ICNAF) (ICAN) has also received its initial purchase order from Empower for a selection of X-SPRAYSâ„¢ products. Empower has more than 25,000 patients under care across 15 locations with medical cannabis treatments in Oregon, Washington, and Illinois. The patient base in Oregon represents approximately one-third of the state's total medical card issuance. In addition, Empower has a historical patient database of which exceeds 120,000 in the three States.
Integrated Cannabis Company (ICNAF) (ICAN) currently has a product portfolio of CBD and THC oral sprays and has also begun expanding its offering for new products. In a recent announcement, Integrated Cannabis Company (ICNAF) (ICAN) announced an agreement to license Cannabidiol (CBD) formulated gummies. Integrated Cannabis plans to begin distributing CBD-based gummies through its contract manufacturer, Titration Technologies, in Phoenix, Arizona.
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EnviroTechnologies International, Inc (OTC PINK: ETII) is a company that recently acquired CBD Health Co., which manufactures and sells hemp-based CBD health & supplement products to expand its consumer product offerings. CBD Health Co offers over-the-counter CBD products in the new, expanding and in-demand natural remedy space.
EnviroTechnologies International, Inc. also markets and sells green, environmentally safe products and solutions to the Oil and Gas and the Food and Agriculture industries as well as consumer products, using the Company's unique technologies, which include proprietary machines that create electrolyzed oxidative water. CBD Health Co. launched a sister fitness and media company that will market fitness hemp-based products and health films, Phytolife Fitness.
"Phytolife Fitness will provide athletes with safe and natural pain relief, along withhigh quality proteins, MCT oils, and energy supplements. Our team of scientists, nutritionists, and trainers have created custom formulations to fit individual needs, such as building muscle to losing weight," said Jo De Leon, CBD's President. "Our health films will supplement our extraordinary products' usage and help build awareness of hemp-based products.
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Kona Gold Solutions, Inc. (OTC PINK: KGKG) is a hemp lifestyle brand focused on product development in the functional beverage sector. Kona Gold Solutions, Inc. has created wholly-owned subsidiaries, Kona Gold LLC and HighDrate, LLC. Kona Gold, LLC has developed a premium Hemp Infused Energy Drink line, Energy shots, and Apparel.
HighDrate, LLC has developed the beverage industry's first CBD Energy Water, available in 4 delicious flavors. Kona Gold has expanded to their new warehouse and office space in Florida that gives the Company the space needed to store and distribute their new hemp energy drink, CBD energywaters, and expand rapidly.
Earlier this month the company announced a 225% increase in revenue from the previous month. The Company recorded its strongest month-to-date off of the signing of new distribution partners and extremely strong sales of its popular Kona Gold Hemp Energy Drinks and HighDrate CBD Energy Waters. The Company has also seen an 87% increase in sales on Amazon.com over the last 30 days and a 292% from this time last year.
"I am excited to announce to our shareholders that we have seen extremely strong growth and sales in the month of October, which is from the culmination of strong product pull through in retail locations, a big increase in online sales, and large orders from our current and new distribution partners," stated Robert Clark, CEO of Kona Gold Solutions, Inc. "We will continue to see an explosion in growth as the company is working to close deals with several very large distribution partners and grocery chains. This is an exciting time to be in the hemp and CBD industry and we are positioning the Company with the right products and the right personnel to be a leader in the market. Our primary goal to our shareholders is to increase revenue and be profitable in Q4 of 2018."
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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 Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 42018 and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. Please click here for full disclaimer.
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