A few weeks ago, there were talks that Coca-Cola (KO) was in discussions with Canadian cannabis cultivators to develop cannabidiol-infused (CBD) beverages. The notion that an iconic global brand like Coca Cola is considering entering the marijuana market caused jaws to drop along Wall Street. CBD, which is a non-psychoactive cannabis ingredient, has been gaining popularity among the masses over the last few years, mainly for its believed health benefits.
According to Cannabis and Cannabinoid Research report, CBD is one of “the most prominent pharmacologically relevant constituents of the Cannabis plant,” going on to explain that, “It is nonintoxicating, but exerts a number of beneficial pharmacological effects. […] At lower doses, it has physiological effects that promote and maintain health, including antioxidative, anti-inflammatory, and neuroprotection effects.”
Case in point, last month, the US Drug Enforcement Administration (DEA) rescheduled Epidiolex, a proprietary oral solution of pure plant-derived cannabidiol (CBD), as a Schedule V drug which is much less restrictive than CBD’s Schedule 1 classification, providing optimism for future developments within the pharmaceutical space.
As for CBD-infused beverages, there have been numerous headlines surrounding the topic lately as these large well-known brands explore the space. Constellation Brands (STZ) started the trend by infusing billions of dollars into cannabis cultivator Canopy Growth Corp. (CGC) to co-develop CBD-infused beer, while Molson Coors Brewing Company (TAP) teamed up with Canadian cannabis producer Hexo Corp. (HYYWF) to create joint venture Truss for CBD-infused beverages.
As we see an increase in multinational corporations explore the potential of what CBD and marijuana industry has to offer, here are 3 marijuana stocks that should be on your watch-list.
Integrated Cannabis develops, manufactures, and distributes botanically-based consumable products offering a novel line of hemp-based CBD, and a THC, nutraceutical infused products under the X-SPRAYS brand. The company has a distribution agreement with Empower Clinics, operator of 15 clinics in the U.S, and has completed a letter of agreement for collaboration on X-SPRAYS products with Canadian-licensed producer GTEC Holdings Ltd. (GTEC) (GGTTF) for the Canadian markets.
Most recently, the company announced a retail-focused collaboration with New Age Farm, Inc. (NF) (NWGFF), to deliver innovative CBD products and education to the Colorado market. The companies will be retailing their CBD products this fall through pop-up stores throughout Denver and also providing education in regards to the benefits and uses of CBD.
Aurora Cannabisis vertically integrated and horizontally diversified from facility engineering and design, breeding and genetics research, cannabis and hemp production, to wholesale and retail distribution. The company recently applied to list its common shares onto the New York Stock Exchange, and if approved, the new listing would take place before the end of this month.
Aurora recently announced receiving the necessary compliance verification from Health Canada to release for sale its innovative, high-potency, vape-ready CBD oil product line, Aurora Cloud. These are are the first products released containing over 550mg of CBD and less than 30mg of THC as well as the only vape-ready CBD products that are legally available throughout Canada.
New Age Beverage (NBEV)
New Age is an organic and natural healthy functional beverage company intending to become the world’s leading healthy beverage company. Earlier this month, the company debuted its portfolio of CBD-infused beverages at the North American Convenience Store held at the Las Vegas Convention Center and reported that New Age was the 2nd most visited booth out of 1,259 exhibitors and ranked in the 100th percentile in terms of popularity.
“The demand and interest for these products is unlike I have ever seen in my career. Customers loved the taste of New Age’s CBD-infused products and many of them committed to bring in the products for sale” said Michael Cunningham, SVP of Sales.
Small Cap Reporter is an affiliate of Midam Ventures LLC. Pursuant to an agreement between Midam Ventures LLC and Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 4 2018 and ending March 9, 2019. Midam owns ZERO shares of Integrated Cannabis Company. Midam may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. MAPH owns zero shares. Click here for full Midam disclaimer.