As the North American market session is about to open up in a few minutes, there’s 3 marijuana-related stocks that I’ve got my eyes on. With breaking news out this morning that is sure to move the needle, there could be some great opportunities out there.
Stocks to watch for July 18th, 2018:
Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON)
This morning, Cronos Group announced that it has entered into a joint venture partnership with a group of investors led by Bert Mucci, one of Canada’s most sophisticated greenhouse operators and builders. This partnership will function through a newly formed entity, Cronos Growing Company Inc., which will develop, construct and operate a state-of-the-art purpose-built greenhouse for cannabis production in Kingsville, Ontario.
This morning, Emblem announced a strategic equity investment into Natura Naturals Inc., a 662,000 square foot licensed greenhouse cultivator of medical cannabis pursuant to Health Canada’s ACMPR. The companies have also signed a three-year cannabis supply agreement to provide Emblem up to 3,000kg of high-quality cannabis flower per year from Natura’s Phase 1 cultivation facility.
This morning, GrowGeneration announced that it has formed a strategic partnership with Amazon to launch hydroponic and organic garden supplies online. GrowGeneration is onboarding thousands of products to offer the best pricing and world-class logistics with two-day delivery or better.
Remember to always do your own due diligence and consult your professional financial advisor, as this article is not a recommendation to buy or sell any of the securities mentioned. Neither myself, MJobserver.com, or its affiliates are registered with any financial or securities regulatory authority, and does not provide nor claim to provide investment advice or recommendations to readers of this article.
Get Real-Time Updates from MJobserver.com