Are You Watching These 4 Marijuana Stocks?

Updated October 12, 2018

Charlie DayTrader

In one week from today, Canada will make a historic move and legalize recreational marijuana on a national level. On October 17, adults aged 18 or 19, depending on the province, will be able to purchase and consume cannabis products for recreational purposes. The momentum that is being seen across the industry is like no other, especially as more “traditional” companies are seeking opportunities within the lucrative sector.

Constellation Brands (STZ) made headlines, not once but twice, as the first S&P 500 company to invest into the marijuana industry with its original stake, and again when it increased investment, into Canopy Growth Corp. (CGC) for marijuana-infused beverages. Even PepsiCo (PEP) stated that the company taking opportunities in the marijuana industry into consideration as other beverage makers like Coca-Cola (KO) are rumored to be investigating the market. “I think we’ll look at it critically, but I’m not prepared to share any plans that we may have in the space right now,” PepsiCo’s CFO Hugh Johnston told reporters.

As anticipation of the market continues to build while the marijuana industry’s potential grows, are these marijuana stocks on your watch list this month?

Integrated Cannabis Company (ICNAF) (ICAN)

Integrated Cannabis Company (ICNAF) (ICAN) recently announced the completion of a Letter Agreement to collaborate on X-SPRAYS products for the Canadian market with a Canadian License Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations, GTEC Holdings Ltd and a distribution agreement with Empower Clinics through its 15 locations in the U.S.

This week, Integrated Cannabis announced a retail-focused collaboration with New Age Farm, Inc. (NWGFF) (NF), to provide CBD products and education to the Colorado market this fall. The companies will be selling CBD products through pop-up stores in Denver and educating the public on the benefits and uses of CBD.

Shares have climbed by more than 100% over the course of the last few weeks and continues to trade between $0.99 and $1.15.

Tilray (TLRY)

Tilray (TLRY) announced yesterday closing its offering of 5.00% Convertible Senior Notes due 2023 for gross proceeds of US$450 million in a private placement to qualified institutional buyers. The company estimates that the net proceeds from the offering is approximately US$435 million and intends to use the proceeds for working capital and future acquisitions.

This news followed the announcement that High Park Farms™ Ltd., a subsidiary of Tilray, Inc., received its sales license from Health Canada to sell cannabis under the Access to Cannabis for Medical Purposes Regulations. The license will permits High Park Farms to supply and sell finished cannabis products within the ACMPR prior to the launch of the adult-use market in Canada.

“This license marks a milestone for High Park as we aim to solidify our position as a leading provider of adult-use cannabis in Canada,” said Adine Carter, Chief Marketing Officer of High Park. “We look forward to supplying provinces and territories with a variety of world-class cannabis brands and products in anticipation of the launch of the adult-use market on October 17, 2018.”

Aphria Inc. (APHQF)(APH)

Aphria Inc. (APHQF)(APH) helped give a boost to the cannabis industry this morning. Aphria growth in the first quarter of 2019 includes a 35% increase in grams sold in Q1–2018, a 117% increase in revenue YOY and net income increases by more than 40% YOY.

“Aphria started fiscal 2019 by taking significant steps to solidify our position as a premier global cannabis company,” said Vic Neufeld, Chief Executive Officer, Aphria. “We advanced the build out of our expansion in Leamington, signed coast-to-coast supply agreements, launched our strong portfolio of adult-use brands, and created strategic collaborations with leading companies like Perennial that will ensure Aphria continues to lead the consumer experience as the cannabis industry evolves.”

Shares were up as high as $16 per share during pre market trading on Friday morning.

Trulieve Cannabis’ (TCNNF) (TRUL.C)

Trulieve Cannabis’ (TCNNF) (TRUL.C) products are hand-grown and specially cultivated in a state-approved, climate-controlled environment to ensure purity and safety. The company operates 16 dispensaries across the state of Florida where its products are retailed as well as online. Revenue for the company has grown from $15.2 million in the first quarter to $23.3 million in the second quarter of this year.

Truelieve is the latest new listing on the Canadian Securities Exchange. CEO Kim Rivers, stated, “Trulieve US was built with a patients-first mentality by focusing on improving access to medical cannabis while producing the highest quality products in the industry. Achieving this important milestone of a public listing enhances our ability to expand and serve more patients while allowing investors to participate in our growth.”

Pursuant to an agreement between 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 4 2018 and ending March 9, 2019. Midam owns ZERO shares of Integrated Cannabis Company. Midam 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., 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. MAPH owns zero shares.

Charlie DayTrader

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Every Day…is a Good Day ;) Trade Like A Champ! Please also note that this blog is affiliated with Midam Ventures LLC

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