Marijuana Stocks to Watch: Yield Growth Corp Adds Cannabis Drinks

marijuana stocks

Investors are hunting for the best marijuana stocks in 2019. Anything relative to CBD and/or marijuana is making investors sit up as these industries begin to prove themselves as the next big thing.

One Canada-based company emerging from under the radar is The Yield Growth Corporation (CSE:BOSS) (OTCQB:BOSQF). The reason for this? The company's focus on marijuana and hemp-based wellness will soon include cannabis beverages.

Marijuana Stocks

Yield Growth is a Vancouver-based company that develops "cannabis and wellness-related assets." This includes "acquisition, development, marketing, and sales of wellness products and technology solutions."

The company leads this with its wholly owned subsidiary Urban Juve, a wellness line of cosmetic and therapeutic products made from marijuana (cannabis sativa) and hemp root oil. (There are other all-natural ingredients and essential oils in there too.)

Yield Growth Cannabis Drinks

When marijuana stocks enter the cannabis-infused beverages sector, it tends to excite investors. It's simple math really: in Canada, this part of the industry is estimated to hit $3 billion CAD by 2022. In the US, that figure is $600 million USD.

Analysts now predict that the entire legal marijuana market might soon be a bigger industry than soda, and according to Cowen Investment Bank, "it has already started putting pressure on alcohol sales."

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With that in mind, Yield Growth's move into cannabis-infused beverages is a smart one. According to Livemoney:

"[The company] has completed the acquisition of eight wellness beverage formulas infused with CBD and THC, in addition to a capsule that can treat hangovers."

Health is the Wealth

The eight formulas aim to offer various health benefits including: "energy boost, hangover treatment, brain function boost, anxiety reduction, improved immunity, toxin removal and reduced inflammation." 

Interestingly, this wellness brand is including both CBD and THC in its beverages. Quite often, THC—the psychoactive component of cannabis—is left out of the beverages focusing on health. Companies opt for hemp-derived CBD rather that marijuana-derived CBD, precisely because the presence of THC is so minute in hemp.

Marijuana Stocks: BOSS

On the news, BOSS stock shot up in early trade today. Currently, this marijuana stock is trading for $0.74 CAD on the Canadian Securities Exchange.

What do you think about Yield Growth moving into cannabis drinks? Are you excited when a company adds cannabis-infused beverages to its product line?

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