The month of June has been quite interesting for the world of cannabis stocks. In only a few short years, the marijuana industry has jumped from being relatively small to be an industry worth several billion dollars.
Many pot stocks have seen their fortunes grow greatly as the public has become more and more comfortable with the idea of a legal marijuana market. As we continue to traverse the future of the industry, it seems as though projections for the future are very much in reach. The hopes are that moving forward, we can continue to see growth in the market.
An International Marijuana Stock
AgraFlora Organics (AGRA) (PUFXF) is considered to be a diversified company currently working out of the London, Ontario space. The company has stated that its focus is on the international marijuana market as well as the domestic one in Canada. Currently, they have a facility as large as 2.2 million square feet based out of Delta, BC.
The company has continuously shown that they are successful at creating shareholder value as well as pursuing other opportunities that they can use to push the pot stock market forward. With their commitment to growing extremely high-quality cannabis on the rise, it seems as though AgraFlora Organics is definitely a marijuana stock to watch.
A Big Agreement for AgraFlora Organics
The company recently announced that they have entered into an agreement to sell as much as 100,000 kilograms of cannabis flower over the course of giving years to ICC International Cannabis Corp. In only a short period of time, AgraFlora organics has managed to secure several very large supply agreements. This has helped to produce a more predictable revenue stream as well as boosting shareholder value overall.
Brandon Body, CEO of the company stated that “Our major supply agreement with ICC is another endorsement of our Company’s path to cannabis production and is indicative of the sheer size and scale of our, soon to be, licensed growing operations in Delta, BC. We are confident that the ongoing Delta Greenhouse Complex retrofit and subsequent license awards from Health Canada will enable us to convincingly supply ICC and Namaste Technologies with ultra-premium cannabis, all while accelerating our mutually beneficial global stratagems.”
Another Cannabis Stock to Watch
Innovative Industrial Properties (NYSE:IIPR) is a company that operates as an REIT or real estate investment trust. By not participating in the traditional cannabis stock space, the company has been dubbed to be a solid alternative investment to other pot stocks. Currently, IIPR owns as many as 19 properties which they have fully leased out across 11 states in the U.S. where marijuana is legal.
In these states, the company leases out facilities which then can be built out by the lessor to grow large quantities of cannabis. The company has remained profitable for quite some time, and with 90% of their income going back to shareholders in the form of dividends, Innovative Industrial Properties is definitely a marijuana stock worth checking out.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Agraflora Organics International Inc. (CSE: AGRA) (OTC: PUFXF), Midam is being paid $25,000 per month by Agraflora Organics International Inc. (CSE: AGRA) (OTC: PUFXF) for 6 months during a period of coverage from May 6, 2019 to November 6, 2019. We may buy or sell additional shares of (CSE: AGRA) (OTC: PUFXF) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Agraflora Organics International Inc. (CSE: AGRA) (OTC: PUFXF).