Mergers and acquisitions continue to be an industry wide buzz that will fuel demand and higher prices for marijuana stocks. Legal operators in the booming U.S. marijuana market this week include: CV Sciences (OTCBB: CVSI), Hemp, Inc. (OTCBB: HEMP), Monarch America (OTCBB: BTFL), GrowLife (OTCBB: PHOT) and The MaryJane Group (OTCBB: MJMJ).
CV Sciences, Inc. (OTCBB: CVSI), a life science company, focuses on developing and commercializing novel therapeutics utilizing synthetic Cannabidiol (CBD). The company operates through two segments, Specialty Pharmaceutical and Consumer Product. It also manufactures, markets, and sells plant-based CBD products under PlusCBD brand for a range of market sectors, including nutraceutical, beauty care, specialty foods, and vape.
CVSI has a 3 year stock price high of $200 seen during the week of Feb 3, 2014. CV Sciences currently trades for $0.50 per share (as of this writing).
NC Industrial Hemp Commission Set to Finalize Proposed Rules and Regulations on Growing Industrial Hemp in North Carolina. Hemp, Inc. (HEMP) is positioning themselves to reap the rewards of large scale hemp production and sales.
Hemp, Inc. (OTCBB: HEMP) produces products made from industrial hemp. The company also offers products and services to the medical and recreational marijuana industries. It also develops and operates a website providing entertainment and news related to medical marijuana industry. Hemp, Inc.’s wholly owned subsidiary Industrial Hemp Manufacturing, LLC purchased the largest decortication plant in North America. Then they began the task of moving it to Spring Hope, North Carolina to their 70,000,000 square foot warehouse on 9 acres.
HEMP has a 3 year stock price high of $3.40 seen during the week of Feb 3, 2014. Hemp, Inc. currently trades for just shy of 5 cents per share.
Monarch America (OTCBB: BTFL), through its The Big Tomato, Inc. subsidiary, sells and distributes hydroponic lights and equipment to the indoor gardeners and commercial growers in Denver, Colorado and the surrounding communities. It offers grow lights and boxes, hydroponic systems, ballasts, bulbs, nutrients and additives, and other hydroponic and gardening items. The company also provides turnkey solutions, as well as management and consulting services to the legal and regulated marijuana industry.
BTFL has a 3 year stock price high of $0.50 seen during the week of Nov 3, 2014. Monarch America currently trades for under 1 penny per share.
Serving another segment of the rapidly growing multi-billion dollar legal marijuana industry:
GrowLife, Inc. (OTCBB: PHOT) is a nationally recognized cultivation brand, providing world-class hydroponic equipment, lighting, nutrients, media, and other cultivation supplies to commercial and urban operations. With a complete selection of cultivation products combined with logistics and distribution services, GrowLife can help responsible cultivation operations efficiently control supply costs, manage build-out investments, track supply usage and streamline workflows.
PHOT has a 3 year stock price high of $0.80 seen during March rally of 2014. GrowLife currently trades for just shy of 2 cents per share.
The MaryJane Group, Inc. (OTCBB: MJMJ), through its subsidiaries, provides lodging, events, spa services, and brand merchandising primarily in the cannabis industry. The company operates and manages Bud + Breakfast locations that offer bed and breakfast; and books tours, as well as sells branded apparel, merchandise, and glass products to its guests. It also operates Hotel San Ayre, a Bud + Breakfast property with four locations. In addition, the company offers financing to assist marijuana growers.
MJMJ has a 3 year stock price high of $12 seen during the week of April 28, 2014. The MaryJane Group currently trades hands for under 1 penny per share.
MJ Index tracks 20 U.S. based marijuana stocks ranging from microcap to large cap: http://www.allmarijuanastocks.com
Company Name: Marijuana Stocks
Contact Person: Dr. Kartchner
Phone: (415) 554-0171
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