The marijuana stock movement has been in full swing for quite some time now. In the past few years, we have seen valuations run quite high, as well as the various companies commitments to innovating to produce new products. While most in the market pay attention to the businesses with a large amount of growth potential (cannabis growth that is), it seems as though there is a lot of potential lying in the companies that may operate in the ancillary or secondary market dealing with marijuana.
These companies have been working to expand the market on what a company can do within the industry that deals with all of the other issues than growing the raw substance. When looking for an alternative, these companies may be interesting to keep an eye on.
Nabis Holdings (NABIF/NAB) is considered to be one of the leaders when it comes to investment issuing in Canada. The company stated that they invest across the entire vertically integrated side of the marijuana market by highlighting high-quality cash flowing assets. They do this in not only the Canadian market but the U.S. as well. The company has quite a solid track record as they found themselves lead by the two co-founders of MPX Bioceutical which famously completed the largest takeover in the U.S. cannabis space to date. With such a proven history of success, the company is continuing to meet the various milestones that they have set for themselves.
Recently, Nabis Holdings stated that they have signed into a definitive agreement to purchase assets which include various extraction and production equipment in the Washington area. The agreement with the company PDT Technologies should see Nabis Holdings moving up in the market as they also will have access to licensing rights for the brand Chong’s Choice, which is one of the leaders in the Washington cannabis market.
PDT for those who don’t know currently operates a production facility that produces high-quality cannabis extractions. With access to the equipment and expertise, it looks as though Nabis Holdings continues to illustrate why they are one of the top choices when it comes to marijuana. All in all, Nabis Holdings remains a company to keep a close eye on as we continue to move toward the future of the industry.
Cronos Group (NASDAQ:CRON) is one of the big names when it comes to all things cannabis. The company produces and sells their marijuana products in not only the Canadian market but the German one as well. The company did see a large amount of support at the $14 price point, but all in the market are hoping that this can remain the case.
It looks like we are seeing a high amount of volatility with the company as well as other select regions of the market. This, however, should not dissuade investors from taking a closer look at the company. Cronos Group remains one of the pivotal companies working in the cannabis industry.
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