The end of 2018 was dramatic turning point for the marijuana industry, as the events throughout the year were critical in cementing the growth of the cannabis industry on a global scale. In particular North America, where many variables have fallen in favor with pro cannabis supporters. With Canada leading the charge, with their legalization nation-wide of recreational cannabis, and with the US’s recent farm bill. The cannabis sector has shown exciting promise for investors, locally on the US markets, and also on an international level. With the New Year coming into its second week, CLS HOLDINGS USA INC, Pyxus International Inc., aurora cannabis INC and Aphiria Inc., are 4 pot stocks that were certainly moving in the right direction on Friday.
CLS HOLDINGS USA INC. whose daily operating name is Cannabis Life sciences Is a broadly diverse cannabis company, who produces and distributes cannabis in Nevada through there oasis cannabis subsidiaries. CLS’s business model is a mixture of licensing operations, processing operations, professing facilities, product sales and brand expansion. In the second quarter of 2018 CLS secured their acquisition of Oasis cannabis, a giant in the selling of packaged marijuana.
As a cannabis retailer for the state of Nevada, Oasis served over 127,000 customers in its first year of adult-use sales. In the end of year review letter issued several days ago by chairman and ceo, Jeff Binde, Exclaimed, “We are excited by the prospects of completing our proprietary processing facility in North Las Vegas with a scheduled opening Q2 2019. This will serve as a showcase for other ‘potential’ licensing partners along with servicing the needs of our branded line of city trees. This is a total game changer for CLS. We believe that we can bring a superior product to the market, with yields that will have a far more lucrative consumer price than our competition”
Pieter Sikkel CEO and president of Pyxus International (PYX) issued a statement in full support of Congress’ passing of the 2018 Farm bill. As mentioned in the press release the company are Ecstatic that hemp will no longer be considered a controlled substance and will have the ability to become and agricultural commodity.
“we are Very excited about the breadth of opportunities that the farm bill will provide. We will utilize our strong heritage of agronomy expertise, paired with our track and trace technology, SENTRI, to help American famers capitalize on this emerging market and profitably cultivate hemp. The Hemp can be processed into hemp-derived cannabidiol (CBD) at our affiliate Criticality,LLC’s, state of the art 55,000 square foot eactraction and purification facility in Wilson NC.
Aurora cannabis (ACB) was in the spotlight in early December when they announced their entrance into an agreement to invest $10 million into high tide inc. a privately held, retail focused cannabis and lifestyle accessory company.Terry Booth, the CEO of Aurora, said “In addition to four operational cannabis retail stores, High Tide has developed a broad network of smoking accessories and cannabis lifestyle stores that feature unique products, supported by strong branding that has resonated well with Canadian consumers. Through our investment, we gain exposure to two unique retail store concepts currently launching across Canada, as well as established cannabis culture brands and thousands of proprietary accessories. We look forward to working with the team at High Tide and supporting them as they execute on their aggressive growth strategy.”
Yuto Ori – Stock Analyst: Nippon Alliance International