3 Cannabis Industry Leaders You Need To Know

3 Cannabis Industry Leaders You Want To Know

The cannabis industry continues to be under pressure this week and we are monitoring the way the industry closes out the week.

We are in the middle of earnings season and we have seen several big companies report strong numbers. Today, we have issued an update on three firms and will keep an eye on these stocks continue to trade.

MPX Reports Strong Fourth Quarter Numbers

Yesterday, MPX Bioceutical Corporation (MPX.CN) (MPXEF) released fourth quarter financial results for the period that ended on March 31st and provided a general business update. During the quarter, the company recorded strong growth and generated approx. $8 million in revenue. We are impressed with this expansion and are favorable on MPX’s leverage to burgeoning markets in the United States.

Arizona represents the largest market for MPX and we are favorable about the improving fundamentals. The company owns four dispensaries in the countries and is producing high quality cannabis centers to sell to customers. MPX is in the center of a major expansion and has quadrupled the production capacity of company branded centers at its facility in North Mesa.

MPX has made a few accretive acquisitions of dispensaries and we are favorable on these deals. Over the next year, we expect these resources to be a major growth driver and will track the way the team continues to execute. Earlier this week, MPX was approved to open dispensaries in Maryland and we see this as a catalyst.

The company is led by a management team that continues to execute and this is an important aspect of the story. MPX has several catalysts for growth and we are favorable about the improving fundamentals. 

Isodiol and Actual Global Sign LOI

Isodiol International Inc. (ISOL.CN) (ISOLD) has been laser focused on execution and we are monitoring the stocks following the reverse split.

We are favorable on this relationship and will track how the teams move this forward. Upon the successful importation and merchandise testing of an initial trial order of raw CBD isolate, the companies intend to establish a definitive supply agreement for the continuing supply of CBD isolate and intend to explore additional way of collaborating together.

Pure Global represents a strategic partner and is a vertically integrated, growth-oriented life sciences cannabis company led by seasoned pharma industry, horticultural, and supply chain specialists. The firm’s wholly owned subsidiary, PureSinse Inc., is a certified manufacturer under Canada’s ACMPR and we are favorable on the possible synergies between each other.

TGOD Announces Record Date of Dividend

We are favorable on the enhanced visibility and will track how the stocks trade ahead of this date.

Earlier this month, the organic cannabis manufacturer announced plans to distribute a split to TGOD shareholders consisting of a warrant in a new corporation (TGOD Acquisitions). Each Warrant will entitle the holder to purchase a unit of TGOD Acquisitions, comprised of one common share and one additional warrant of TGOD Acquisitions, at a price of $0.50 each for a period of 30 days from completion of the arrangement.

All TGOD shareholders, of record as of the Record Date, will be issued a notice from TGOD’s transfer agent, with instructions about how best to obtain the warrants they are entitled to. It’s anticipated that TGOD Acquisitions will complete an IPO on the Canadian Securities Exchange in the fourth quarter of 2018.

This is a strategic method of creating value for investors and will keep an eye on how the market responds to this. Anyone interested in knowing more about this should reach out to [email protected]

Michael Berger is the Creator of Technical420 and Managing Partner of StoneBridge Partners. Michael continues to be one of the top authorities on cannabis equities in the industry.

Released at Fri, 03 Aug 2018 11:00:32 +0000

Posted in: News

Comments are closed.