There is no doubt that one of the best ways to not only gain capital but notoriety as well has been through the listings of various businesses on U.S. stock exchanges such as the NYSE and NASDAQ. In recent times, more and more marijuana stocks have been doing just that to help bring an air of confidence into the market as a whole. The most recent of these has been the large cannabis producer, Aphria which just listed during the first Friday of November. While companies like this continue to list on large exchanges, it looks as though more and more marijuana stocks are looking to get on the bandwagon.
Pure Global Cannabis (PURE) (PRCNF) is known as a vertically integrated cannabis company that has been working to expand the amount of growth they do on a monthly basis. The company recently stated that they received an offering of around $10 million, which should help fund the large amount of new products they plan to get underway. According to one report, Pure “is a vertically-integrated, growth-oriented life sciences cannabis company led by experienced pharma-industry, horticultural, consumer packaged goods (CPG), and supply chain experts. The Company’s wholly owned subsidiary, PureSinse Inc., is a licensed producer under the Access to Cannabis for Medical Purposes Regulations (ACMPR) focused on producing cannabis products for medical, wellness, health & beauty, natural health, and future legal adult use markets.” The company seems to be poised perfectly to take advantage of the growth of the cannabis market domestically as Canada continues to lead the fight for legal marijuana around the world.
Aphria (NYSE:APHA) was the most recent big name to join a large U.S. exchange, and celebrated this Friday, November 2nd as they became yet another cannabis company to list. Aphria is a large producer of marijuana and marijuana oil products, which has been based out of Canada for several years. The company states that they are one of the leading producers of medicinal grade cannabis which has been known as some of the highest quality product in the space. The CEO of Aphria, Vic Neufeld, stated that the listing on the exchange will help the company to expand into the various areas that they have yet to get into such as the abroad markets of Latin America and Europe. He stated recently that “listing on the NYSE provides Aphria with access to the largest equity market in the world, with increased exposure to a vast array of U.S. institutional and retail investors.” Although the company saw its last quarter results come in slightly below expectations, the company has been working to decrease the price of their per gram product. With new wholesale orders on the way, the company has to decrease their pricing in order to stay competitive with the rest of the market.
All in all, marijuana stocks remain with an incredible amount of potential for the next five to ten years. Many investors have stated that the best has yet to come with the cannabis space. Although some investors get scared off by the healthy fluctuations in the industry, the long term will likely bring with it even more stability in the coming months to years.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC, Midam Ventures LLC and Pure Global Cannabis, Midam is being paid a total of $90,000 from the company and ZERO shares of Pure Global Cannabis for a duration beginning July 23, 2018 and ending October 23, 2018. We may buy or sell additional shares of (PRCNF/PURE) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Pure Global Cannabis.
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