Tags Posts tagged with "marijuana stocks to watch"

marijuana stocks to watch

marijuana stocks

We at Marijuana Stocks wanted to give an update to our Connect the Dots report we put out yesterday, but first we need to give you some very important information!

Cannabis Wheaton (KWFLF) (CBW.V) has brought on syndicate agents including Canaccord Genuity Corp & Eight Capital to raise more than $50M CAD for their Cannabis Streaming business model. This raise will set the bar for other Canadian firms as it will represent one of the single largest capital raises in the history of the cannabis industry, that is not directly focused on cultivating. With this, Cannabis Wheaton is now heavily cashed up and one would hope that means management will begin aggressively working towards securing accretive deals that create value for shareholders and expand their overall reach.

First and foremost, we can only speculate what the company’s plans are with proceeds raised with regards to specific direct investment, but we expect to see the company use this capital to sign a new streaming partnership agreement with one of Canada’s major cultivators. We will continue to monitor the situation closely and provide updates as we get them. Now, let’s discuss what happened with trading on Tuesday, May 23, 2017.

In the pre-market hours, Cannabis Wheaton announced a private placement in the amount of $50,000,000 CAD which we referenced above as a truly a monster raise. Pending that news and at the company’s request, the Canadian exchange halted trading for the announcement of the news. FINRA then also issued a code U1 halt in the U.S. (that is NOT an SEC regulatory halt). This type of halt refers to a stock that is listed on a foreign exchange and gets halted by that exchange (in this case Canada) so FINRA must then also halt trading in the duel listing in the U.S.. This means no one could buy or sell shares of Wheaton until 3:15pm EST when the Canadian exchange and FINRA lifted the temporary halt and trading resumed.

The price of the stock adjusted for the financing news and opened for trade at $1.04 on the U.S. side. This is a nice discount compared to where the stock was trading prior to the news considering the stock had recently made a huge move on Monday after trading €4.9 million on the German exchange and $7.4 million CAD with Cannabis Wheaton (OTC KWFLF) (TSX CBW.V) gaining nearly 138% in the 3 days prior to the financing news. We expect the market to begin reflecting the opportunity for Cannabis Wheaton Corp. as their business model is cutting edge and their CEO Chuck Rifici has a proven record within the cannabis industry.


Pursuant to an agreement between MAPH and Cannabis Wheaton (KWFLF) we were hired for 30 Days to publicly disseminate information about (KWFLF) including on the Website and other media including Facebook and Twitter. We are being paid $150,000 (CASH) for and were paid “0” shares of restricted common shares of Cannabis Wheaton. We may buy or sell additional shares of (KWFLF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.

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Although the Canadian cannabis sector offers tremendous upside, investors need to be cautious and focus on companies that have a differentiated strategy.

Back in the gold rush, the miners did not make all the money. It was the ancillary business who profited then and although times have changed, the opportunity has not. We believe that investors need to take a different approach and diversify around the Canadian licensed producers.

We have highlighted three Canadian cannabis stocks that trade in both the United States and Canada which we think have long-term upside due to their respective strategy.

InMed Starting to Catch Fire

InMed Pharmaceuticals Inc. (IMLFF) closed Friday down 5.3% but the shares ended the week up more than 12% off its lows and we think this is a stock investors need to watch. IMLFF broke below its 20 and 50-day moving average on this move lower and we think the shares are set to move higher as trading volume was well below its weekly average on Friday.

Earlier this month, InMed filed a provisional patent application in the United States for a cannabinoid-based topical therapy for glaucoma. The company has taken steps to execute on its strategy and has several event-driven catalysts set to occur in the back half of the year.

Cannabis Wheaton is Changing the Game

One company that looks to have found a bottom and is trending higher is Cannabis Wheaton (CBW.V) (KWFLF). The shares continued to rally on Friday and ended the day up 15% and 16%, respectively. The Canadian symbol is trading at $1.58 while the United States symbol, KWFLF trades at $1.16. Cannabis Wheaton has taken the licensed producer game to a different level and we believe there is significant value in several of its deals.

Earlier this month, Cannabis Wheaton released its roster of streaming deals and its partners include 14 companies based in six provinces across Canada. Of these companies, 2 have sales licenses (Broken Coast and Green Relief), 2 have cultivation licenses, 4 have affirmation letters and 6 are advanced pre-affirmation stage applicants.

Canadian Biotech Breaks Out of Oversold Territory and Set to Rally

Vinergy (VNNYF) traded almost 900,000 shares on Friday and VNNYF rallied well off its lows of the day. We think this massive increase in trading volume is significant and the shares no longer in oversold territory.

We see significant upside to current levels as VIN (the Canadian symbol) remains halted due to closing of the MJ Biopharma deal. Vinergy recently announced that it was increasing the size of its non-brokered private placement due to the high demand and this is a stock investors need to have on their radar

Disclaimer: Pursuant to an agreement between MAPH and InMedPharmaceuticals., we were hired for a period beginning February 24 2017 and ending April 24, 2017 to publicly disseminate information about (IMLFF) including on the Website and other media including Facebook and Twitter. We are being paid $40,000 (CASH) for and were paid “250,000” shares of restricted common shares of InMed Pharmaceuticals. Pursuant to an agreement between MAPH and Cannabis Wheaton (KWFLF) we were hired for 30 Days to publicly disseminate information about (KWFLF) including on the Website and other media including Facebook and Twitter. We are being paid $150,000 (CASH) for and were paid “0” shares of restricted common shares of Cannabis Wheaton. Pursuant to an agreement between MAPH and a non-affiliate third party, we were hired for a period of 1 month from 5/1/2017 – 6/1/2017 to publicly disseminate information about (VNNYF) including on the Website and other media including Facebook and Twitter. We are being paid $150,000 (CASH) for or “ZERO” shares of restricted or unrestricted common shares. We own zero shares of (VNNYF) which we purchased in the open market. We may buy or sell additional shares of (IMLFF, KWFLF, VNNYF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.

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