CORAL GABLES, FL / ACCESSWIRE / March 14, 2019 / The marijuana stock market has managed to attract copies amounts of investor attention over the last couple of years as companies in the cannabis industry have taken innovative approaches to create products and services meant to improve the quality of life for society. Thus far in 2019, we've seen lawmakers advocate for legislation largely in support of marijuana legalization, as well as the passing of the U.S. Farm Bill, which has allowed companies to increase their production of hemp. Whereas cannabis remains a schedule I narcotic, cannabis producers can extract naturally-occurring cannabidiol from hemp and use the CBD for a myriad of products. As the future of the cannabis industry pushes on, Integrated Cannabis Solutions Inc (OTC:IGPK), Tilray Inc (NASDAQ: TLRY), Village Farms International Inc (NASDAQ: VFF, TSX: VFF), and Tauriga Sciences Inc (OTCQB: TAUG) are 4 marijuana stocks gaining tread this week.
Integrated Cannabis Solutions Inc (OTC:IGPK) is actively engaged in evaluating investment opportunities in early stage ventures at the crossroads of the rapidly growing medical and recreational marijuana industry. In advancement of these aspirations, the Company has made it clear that it plans on seeking opportunities across domestic cannabis markets, extending far beyond its Wisconsin base.
Integrated Cannabis Solutions Inc (OTC:IGPK) yesterday announced that the Company has submitted Grow and Processing applications with the State of Wisconsin in conjunction with the 200-acre farm they plan on purchasing. Per the details of the announcement, the Grow License allows the Grower to grow and process their own hemp crop, while the Processing License allows the processing of hemp crops from in or out of State. The processing facility being built on the farm is designed to have enough capacity to handle the 160 acres of hemp on the farm as well as any hemp grown on surrounding farms.
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Tilray Inc (TLRY), a global pioneer in the cannabis industry, yesterday announced the expansion of its global leadership team with the appointment of Andrew Pucher as Chief Corporate Development Officer. In his new role, Andrew will lead Tilray's corporate development function, including the team that is responsible for M&A and corporate investments. He will be based in Toronto, ON, and report to CEO Brendan Kennedy.
Brenden Kennedy, CEO of Tilray, said, "we're pleased to welcome Andrew to our senior leadership team to execute strategic transactions that will further accelerate Tilray's long-term global growth. Andrew shares our commitment to a disciplined, strategic approach in pursuing inorganic growth opportunities.
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Village Farms International Inc (VFF) yesterday announced its financial results for the fourth quarter and year ended December 31, 2018. Per the details of their results, the Company's net income improved to positive $0.3 million, or $0.01 per share, and included the contribution of positive net income from Pure Sunfarms Corp. of $2.8 million. The Company also completed a bought deal offering of 3,097,200 common shares at a price of $7.13 per share (for aggregate gross proceeds to the Company of $22,083,036.
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Tauriga Sciences Inc (TAUG), a company engaged in building its business through the development, distribution, and licensing of proprietary products, yesterday announced that it has ramped up production of its Tauri-Gum™ inventory to support its ongoing commercial launch. In total, the Company has placed orders with its manufacturer for an additional 17,400 blister packs of Tauri-Gum™, on top of the 8,700 units that comprise the initial inventory tranche.
At the tail-end of last month, the Company shared updates regarding its continued efforts to list its Tauri-Gum™ product on Amazon. The Company has increased its Research and Development budget with the manufacturer and is currently in the process of testing new flavors as well as other product enhancements.
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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 Solutions, Inc. (IGPK), Midam has been paid $20,000 from Integrated Cannabis Solutions, Inc. (IGPK) for a period from February 20, 2019, to March 20, 2019. We may buy or sell additional shares of (IGPK) 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 Solutions, Inc. (IGPK). For disclaimer information, click here.
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