You are here
Four Stocks Set to Take Advantage of Hemp and Edibles Legalization
VANCOUVER, British Columbia, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Mugglehead believes this year could be a big one for marijuana edibles. With hemp recently being legalized in the U.S. and Canada expecting to legalize edibles sometime this year, there could be significant growth opportunities for cannabis stocks this year. Here are four stocks set to take advantage of this boom.
Alkaline Water Company Inc (TSXV:WTER) (NASDAQ:WTER) is in prime position to take off at a moment's notice. The stock, which recently listed on the NASDAQ, has some exciting growth opportunities in some big parts of the world. The U.S., Canada and China are all on the company's radar as it looks to become a big international brand.
Its Alkaline88 products have already been a big hit in the U.S. It's already sold in over 47,500 retailers in all 50 states, including national retailers such as Walmart, Safeway/Albertsons, Kroger, CVS, and other top regional and local supermarket chains. And just this week, the company announced that it had secured a deal with Publix Super Markets, the 10th-largest-volume supermarket chain in the country, which will extend its reach to even more consumers across the country.
And while the company has been known for its alkaline water, it is looking to make a big splash in the edibles market with its new hemp water.
Alkaline plans to offer various different beverages, including sparkling water, which will come in multiple different flavors to appeal to a wide base of customers looking for great-tasting products and the health benefits of CBD.
The stock has seen significant growth over the past year and could be in a good position for even more in 2019 through its new hemp line.
New Age Beverages Corp (NASDAQ:NBEV) has already had production runs for CBD-based water and is ready to distribute its products across the country. In addition to water, New Age Beverages will also offer green tea in its product mix as well. The company is a step ahead of the competition with CBD beverages already ready to go.
Like the Alkaline Water Company, New Age Beverage also has its sights set much broader than just the U.S. market. The company recently completed a merger with Morinda Holdings, Inc., a company that also focuses on healthy beverages and has operations in over 60 countries. Combined, the companies have $300 million in net revenue and $200 million in assets.
With marijuana legalization making progress around the world, New Age Beverages is setting itself up to be in a good position to sell edibles in many different markets.
Canopy Growth Corp (TSX:WEED) (NYSE:CGC) is also preparing for an entry into the U.S. market now that the Farm Bill has passed. The company provided an update on its website earlier this week where Co-CEO Bruce Linton stated that "Canopy has been preparing for and investing in this opportunity for several years now, through strategic acquisitions, infrastructure expansion, and extensive internal research and development."
With a big partner in Constellation Brands, Inc. (NYSE: STZ) to help the company's distribution in the U.S., Canopy Growth could also be able to hit the U.S. market fairly quickly. And it certainly appears to have plans on doing so. In Constellation's Q3 Conference call, CEO Rob Sands stated that both it and Canopy could produce CBD for beverages to be marketed in the U.S. through Constellation's distribution network if hemp is legalized.
With the passing of the Farm Bill, we expect many of these companies are working quickly to deliver hemp-derived CBD beverages to a booming market.
Last year, the TSX issued a warning reminding companies that having interests in the U.S. cannabis industry was illegal and would be in violation of the exchange's listing requirements. But now with companies having a path to legally invest in the U.S., we could see more acquisitions and investments in the near future.
The original post can be found here: https://mugglehead.com/4-stocks-to-watch-before-the-edibles-market-takes-off/
Mugglehead.com is a digital publisher dedicated to cannabis news, investments, culture, and science, owned by Mugglehead Media Corp. We publish original content, including video, interviews and articles. Because many of the companies and trends we cover are related to investments and stocks within the cannabis industry, please review our disclaimer and forward-looking statements below.
Original content created by Mugglehead Media Corp. © 2019 is protected by copyright laws.
We have lots in store for 2019 so be sure to check us out!
Visit us at https://mugglehead.com daily for all things cannabis-related.
Disclaimer and Forward-Looking Statements
Mugglehead Media Corp. and Mugglehead.com (collectively, Mugglehead) is a news and media publisher dedicated to cannabis. It is not registered as an investment adviser, broker-dealer or other financial or securities professional with any financial or securities regulatory authority. You understand that no content published by Mugglehead constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Mugglehead does not render general or specific investment advice and does not endorse or recommend the business, products, services or securities of any industry or company mentioned on this Site.
It is not intended to provide tax, legal, insurance or investment advice, and nothing on the Site should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation to buy or sell any security. None of the content we publish is provided with a view to inviting, inducing or encouraging any person to make any kind of investment decision. You are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation. You should also consult a licensed professional, such as a financial advisor or broker-dealer, when dealing in any securities or making any investment decisions. We do not guarantee that any of the companies mentioned on Mugglehead.com or any of our newsletters or content will perform as we expect, and any comparisons we have made to other companies may not be valid or come into effect.
This news release is not an offer to sell or a solicitation of an offer to buy any securities or commodities. To the extent that anything in this press release may be deemed to be investment advice or a recommendation in connection with a particular company or security, such information is impersonal and is not tailored to the needs of any specific person.
You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Site will not contain a list or description of relevant risk factors. In addition, some of the securities about which content is published by us have a low market capitalization, insufficient public float and/or are thinly traded. Such securities are subject to more risk than securities of larger companies, including greater volatility, lower liquidity and less publicly available information. Content we publish may have an effect on the price of such securities.
From time to time, Mugglehead (on behalf of itself and any partner, director, officer or insider of Mugglehead) may have a financial or other interest in the party or parties featured on the Site, within the meaning of National Instrument 31-103 - Registration Requirements, Exemptions, and Ongoing Registrant Obligations, published by the Canadian Securities Administrators, as a result of ownership of securities in, compensation received or receivable from or other financial arrangement with such party or parties featured in this press release. We will disclose if we have a position in any such party or parties, as at the date of publication of this press release; however, we may not update this disclosure after such date. Directors of Mugglehead own shares of Alkaline Water (WTER) at the time of this writing.
In addition to historical information, this press release may contain forward-looking statements, including statements with respect to third parties regarding product plans, future growth, market opportunities, strategic initiatives, industry positioning, customer acquisition, the amount of recurring revenue and revenue growth. In addition, when used on the Site, the words ''will,'' ''expects,'' ''could,'' ''would,'' ''may,'' ''anticipates,'' ''intends,'' ''plans,'' ''believes,'' ''seeks,'' ''targets,'' ''estimates,'' ''looks for,'' ''looks to,'' ''continues'' and similar expressions, as well as statements regarding a third party's focus for the future, are generally intended to identify forward-looking statements. Each of the forward-looking statements we make in this press release involves risks and uncertainties that may cause actual results to differ materially from these forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those disclosed by the companies featured in this release in their public securities filings. You should carefully review the risks described therein. You should not place undue reliance on these forward-looking statements, which speak only as of the date such statement was published. Mugglehead undertakes no obligation to publicly release any updates or revisions to the forward-looking statements or reflect events or circumstances after the date of their publication, except as required by law.
From time to time, reference may be made in this press release to prior articles or opinions we have published. These references may be selective, may reference only a portion of an article or opinion, and are likely not to be current. As market information changes continuously, previously published information and data, and any references thereto, may not be current and should not be relied upon.
If you ever have any questions or concerns about our business or publications, we encourage you to contact us.
CONTACT: Contact: email@example.com