Three Popular Cannabis Stocks to Watch in February 2019
February 19 2019 - 10:22AM
InvestorsHub Cannabis NewsWire
HOUSTON, TX
-- February
19, 2019 --
InvestorsHub NewsWire -- It's become tough to
ignore the cannabis story.
Over the last year, Canada approved its recreational
use. More U.S. states are legalizing. Corporate America is
using cannabinoids and hemp oil in everything
from lotions and pain balm to beverages. President Trump signed the
2018 Farm Bill into law. Congress has even submitted a cannabis
bill that could legalize cannabis at the federal level.
Even better, according to Arcview Market Researcher and
BDS Analytics, global spending on cannabis is expected to rocket
38% this year to $16.9 billion up from $12.2 billion in 2018.
Along the way, it's creating sizable sales opportunity
for several companies, including The Yield Growth Corporation
(CSE: BOSS)(OTCQB: BOSQF), HEXO Corporation (TSX: HEXO) (NYSE: HEXO), and The Supreme Cannabis Company
Inc. (TSX-V: FIRE)(OTC: SPRWF).
The Yield Growth
Corporation (BOSS) (BOSQF), for example just announced it received
over $3,600,000 in warrant and option exercises during the first
two weeks of February 2019.
"With the additional capital and our strong stock
performance we intend to expand our brand portfolio and continue to
build shareholder value through strategic acquisitions and joint
ventures," said Penny Green, President and CEO of Yield Growth.
The Yield Growth Corp. subsidiaries are developing and
manufacturing a wide range of personal care products containing
hemp root oil and various cannabinoids. In addition, The Yield
Growth Corp. is currently seeking to obtain necessary licenses to
process cannabis and manufacture cannabis products in multiple
jurisdictions where such products can be sold.
For More Information
on The Yield Growth Corporation, Click Here.
The Supreme Cannabis
Company Inc. (FIRE)(SPRWF) just received approval from
The Depository Trust Company of New York to make the Company's
shares DTC eligible. "DTC eligibility greatly simplifies the
process of trading our common stock in the United States, further
improving our investment appeal south of the border," said Navdeep
Dhaliwal, CEO.
In addition, in its most recent quarter, the company
reported 359% revenue growth year over year to $7.72 million. Its
net loss was $1.55 million from a year-earlier loss of $2.03
million.
"We're pleased with our second quarter results, which
show meaningful revenue growth quarter-over-quarter and continues
to reflect our strong operational execution," said Navdeep
Dhaliwal, CEO of Supreme Cannabis. "Since Supreme received its
license over two years ago, we have been one of the fastest scaling
Licensed Producer's in Canada, demonstrated by one of the strongest
first years of revenue in the sector."
For More Information
on The Supreme Cannabis Company Inc., Click Here.
HEXO Corporation
(HEXO) recently reached a construction and licensing
milestone for the first phase of its one million sq. ft. greenhouse
expansion. The milestone will help HEXO increase its annual
production capacity to 108,000 kg of dried cannabis.
In addition, the company just listed on the NYSE
American Exchange in late January 2019. It also closed a secondary
offering of 8.85 million common shares that raised approximately
$43.4 million in gross proceeds, which it will use for general
corporate purposes, a global growth initiative, and to develop new
products.
For More Information
on HEXO Corporation, Click Here.
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Disclaimer
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. Winning Media which has a partnership with
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securities regulatory authority and does not provide nor claims to
provide investment advice or recommendations to readers of this
release.
For
making specific investment decisions, readers should seek their own
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SOURCE: MarijuanaStox.com