The marijuana stock market has remained incredibly lucrative for some time now, but recent developments are highlighting a few companies with having large amounts of potential in the new year. Some of these companies have larger market capitalizations which can be a solid driving force for pricing, but we shouldn’t deny the value and potential for companies in the smaller market cap range.
Next Green Wave (NGW) is one of the main small-cap companies that has been working on building out its operations in the Californian marijuana market. With California subject to be the largest marijuana industry in the world, any company working to take advantage of this seems to be positioned quite well.
The company recently made headlines after entering into a strategic partnership with the company Intrexon Corporation. The goal is to have Next Green Wave utilize the technology made by Intrexon to enable larger yields and better downstream products. The technology made by Intrexon is known as tissue culture and is something that greatly increases the yield of a given plant while still using extremely small amounts of cannabis starters.
Next Green Wave currently operates out of Coalinga, CA with a 60,000 square foot facility. As a completely vertical producer of cannabis and cannabis products, NGW is able to maintain high margins while still having a very solid hand in every product that they produce. All in all, Next Green Wave remains a company with a large amount of potential as we move into the future of the market.
The Cronos Group (NASDAQ:CRON) is at this point a household name for anyone involved in the cannabis market. The company has shown a large amount of growth potential shooting up in the double digits in only the past few weeks. Cronos has maintained a strong presence across some of the largest cannabis markets in the world such as that of Canada and the U.S.
Cronos has been able to maintain very strong production capacities while also growing their ability to distribute substantially. The company has been working to increase their global dominance as well and has maintained facilities in Australia and Israel at the current time. All of these combined should equal around 117,000 kilograms of cannabis by the time they are done which is only the beginning. Cronos also recently teamed up with the large U.S. distributor of cannabis, MedMen to begin launching retail stores throughout Canada.
In larger news, Cronos has also signed into a deal with tobacco giant Altria, worth as much as $1.8 billion for a 45% stake in the company. While some have stated the entrance of big tobacco into the cannabis market may be a bad look, there’s no denying that the capital infusion should help to get things going even further.
All in all, these two companies are only a few of what is becoming an incredibly vast market. As we continue to traverse the next few years, the future of the cannabis market should remain very bright.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1, 2018 to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. Midam has been compensated an additional $75,000 and has extended its period of coverage to January 8, 2019. Midam has been compensated an additional $50,000 and has extended its period of coverage to February 8, 2019. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. “Click here for full disclaimer”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
