$GGBXF Five Stocks to Watch as Legal Marijuana Evolves

CORAL GABLES, FL / April 2, 2019 / The marijuana stock market has been booming over the course of the past few years as a result of the sheer excitement surrounding the cannabis industry. Any investor who paid attention to the cannabis sector knows that companies responsible for growing cannabis have always rested at the top of the market. While producing cannabis is important for the industry, this completely overlooks the potential opportunities in investing in ancillary businesses operating within the sector. These cannabis companies are working to innovate the operational processes in order to make a better and more effective product for the marijuana industry. Nabis Holdings (INNPF) (NAB), Starbucks Corporation (SBUX), Green Growth Brands Inc (OTCQB: GGBXF), Cresco Labs Inc (OTCQX: CRLBF), and Cronos Group Inc (NASDAQ: CRON, TSX: CRON) are 5 stocks worth keeping track of as the cannabis industry continues to evolve.

Nabis Holdings (INNPF) (NAB) is a Canadian investment company laser-focused on making key investments in high-quality cash flowing assets across all aspects of the cannabis sector mainly in U.S. limited license states. The company has a keen sense for identifying and acquiring a majority stake in cannabis brands and assets to generate high-quality cash flows.

Nabis Holdings (INNPF) (NAB) dominated headlines last month when the Company announced that it has entered into a revised agreement, co-led by Canaccord Genuity Corp. and Eventus Capital Corp., to increase the size of its previously announced amended brokered private placement of debenture units to raise gross proceeds of up to C$35,000,000.

Per the details of the agreement, the Company has increased the Agents’ option, exercisable at any time up until 48 hours prior to the Closing Date, to arrange for the sale of additional Debenture Units for additional aggregate gross proceeds to the Company of up to C$10,000,000. If the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Amended Offering will be C$45,000,000. The Company plans on using the net proceeds of the offering to fund cannabis related investments, for strategic investment opportunities and for general working capital purposes.

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Starbucks Corporation (SBUX) announced back in March that the Company would be holding its 27th Annual Meeting of Shareholders, with nearly 4,000 shareholders, partners, invited guests and board members in attendance. Per the details at the time, key presenters included Kevin Johnson, president, and chief executive officer of Starbucks; Roz Brewer, Americas group president, and chief operating officer; Patrick Grismer, executive vice president, and chief financial officer; and Michelle Burns, senior vice president of Global Coffee & Tea.

In a press release regarding the meeting, Kevin Johnson, President, and CEO of Starbucks said, ”Starbucks is a different kind of company – and we have been since our founding. Our long-term plan for growth with focus and discipline is built on the acknowledgment that the pursuit of profit is not in conflict with the pursuit of doing good. We are a part of millions of people’s everyday lives around the world, and I believe we are uniquely positioned to be one of the most enduring brands of all time.”

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Green Growth Brands Inc (GGBXF) announced at the tail-end of March the opening of its newest Seventh Sense Botanical Therapy CBD shop today at Mayfair Mall in Greater Milwaukee, a Brookfield Properties center. This new location represents the sixth Seventh Sense Shop to open in the United States.

Peter Horvath, CEO of Green Growth Brands, stated, ”Mayfair Mall is the premier mall in Greater Milwaukee and we look forward to bringing a remarkable CBD store experience to new customers in the region. Physical shops are our strongest marketing assets, and our presence in the new location will drive hundreds-of-thousands impressions with consumers. As we gear up to open over 100 CBD shops by mid-summer we are pleased with early signs of conversion, repeat purchases and building engagement with our current shops and online with ShopSeventhSense.com.”

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Cresco Labs Inc (CRLBF) and CannaRoyalty Corp. d/b/a Origin House yesterday announced the two companies have entered into a definitive agreement pursuant to which Cresco Labs will acquire all of the issued and outstanding shares of Origin House. Per the details of the transaction, the deal represents a total consideration of approximately C$1.1 billion on a fully-diluted basis, or C$12.68 per Origin House Share, as well as the largest public company acquisition in the history of the U.S. cannabis industry.

Following the announcement, Charlie Bachtell, CEO, and Co-founder of Cresco Labs said, ”the acquisition of Origin House is another example of our focused and disciplined approach to creating a meaningful presence in key cannabis markets through excellence in brand development and distribution. It establishes Cresco Labs as the leading multi-state operator with one of the largest distribution platforms in California, which is projected to be a $7.7 billion cannabis market in 2022 by ArcView Market Research/BDS Analytics.”

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Cronos Group Inc (CRON) announced in late-March its financial results for the fourth quarter and full year ended December 31, 2018. Over the course of 2018, Cronos Group became the first pure-play cannabis company to list on a major stock exchange in the United States, and in their fourth quarter, the Company closed the $2.4 billion equity investment made by Altria Group, Inc.

Mike Gorenstein, CEO of Cronos Group, commented, ”we are proud of all we have accomplished in 2018 and in the fourth quarter. Over the past year, Cronos Group has diligently focused on our strategic objectives, which culminated in our transformative partnership with Altria Group, Inc. We’ve expanded our production footprint domestically and internationally, developed our distribution with global partnerships, launched iconic brands for the Canadian adult-use market and grown our IP portfolio with landmark research and development initiatives.”

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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 Nabis Holdings (OTC:INNPF) (CSE:NAB), Midam has been paid $250,000 by Nabis Holdings (OTC:INNPF) (CSE:NAB) for a period from January 22, 2019 to April 22, 2019. We may buy or sell additional shares of (OTC: INNPF) (CSE: NAB) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Nabis Holdings (OTC: INNPF) (CSE: NAB). Click here for our full disclaimer.