The marijuana stock market has been heavily dominated by companies that show their potential in the form of innovation and new products. These companies have been fighting day and night to ensure that they are giving the consumers exactly what they want. Although much of the attention is paid to the top of the industry, it seems as though there is a large amount of potential for the companies that offer ancillary services or alternative products to the space. These companies have shown their fight, and look as though they could be rewarded in the near future.
TransCanna Holdings Inc. (TCAN)(TCAN.CN) is a Canadian company that has been working on providing a large number of services to the industry. This includes everything from distortion to transportation and branding. Because they cover so many of the bases, TransCanna Holdings has been considered to be one of the cornerstones of the service side of the industry. The majority of their operations are in fact based out of the Californian market, which is the largest in the world for marijuana. Because of this strategic positioning, TransCanna Holdings is continuing to make big waves in the industry.
Recently, the company stated that they have entered into the Letter of Intent with Persuasion Brewing Co. to begin the production of CBD-infused nonalcoholic beer. The CBD beverage market has become extremely popular in recent months as many of the top companies in the industry have been working to make it a reality. The matchup of these two companies also seems to be one made in heaven as TransCanna Holdings has a new almost 200,000 square foot facility ready for production and distribution.
With the fully vertically integrated space that they have available, it seems as though the dream of large quantity CBD infused non-alcoholic beer is slowly becoming very real. Jim Pakulis, CEO of TransCanna stated that “Our 196,000-square-foot vertically integrated, cannabis-focused facility is perfectly designed to have a comprehensive bottling and canning line for multiple types of beverages. However, we firmly believe that our first beverage product subject to receipt of the appropriate licenses should be a private labeled non-alcoholic CBD-infused beer.” All in all, investors should keep TransCanna Holdings in their minds as the market continues to grow.
HEXO Corp. (HEXO) is another large Canadian company working out of the marijuana industry. The company has not made too many headlines at this point as they have remained under the radar. HEXO has shown that their equity has shot up by as much as 113% year-to-date which is quite substantial.
Additionally, their partnership with Molson Coors Brewing (NYSE:TAP) has given them the potential to begin the production of CBD-infused nonalcoholic beverages as well. With this, many have stated that they see a large amount of potential in the future of HEXO Corp. as they continue to make big waves in the new groundbreaking marijuana industry.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and TransCanna (TCAN.CN), Midam is being paid $33,000 per month for 3 months byTransCanna (TCAN.CN) for a period from February 14, 2019 to May 14, 2019. We may buy or sell additional shares of (TCAN.CN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about TransCanna (TCAN.CN)