Correction: Cannabis - the Fastest Growing Market in the World Says CannaTech Investors are Hungry for Pot Stocks: Aurora Cannabis Inc., American Premium Water Corporation (OTC: HIPH), New Age Beverages Corporation, Tilray Inc.
POINT ROBERTS, Wash., Sept. 24, 2018 (GLOBE NEWSWIRE) -- Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks releases a sector snapshot for investors following the stocks. The following correction is released to clarify the September 21st news comments on the Robinhood trading app and that American Premium Water Corp (OTC:HIPH) did not compensate for the article.
The global appetite for investing in cannabis is growing exponentially as acceptance and implementation goes mainstream with new countries and states legalizing cannabis and headlines of Coca-Cola Company marrying the cannabis industry with the beverage industry, investors are on the hunt for the next big win in pot stocks. Aurora Cannabis Inc. shares soared on the possible news of Coca-Cola’s interest to jointly develop a CBD-infused “recovery” beverage.
Evidence of the investor frenzy over cannabis stocks was just experienced on the Robinhood https://robinhood.com/ Trading App. Trading was so active in Aurora Cannabis Inc. on speculation of the Coca-Cola deal it had to be stopped. Robinhood told Investor Ideas, “We had to suspend the purchase of Aurora Cannabis Inc. ACBFF because our execution venues were unable to support the large volume of orders we’ve received for the stock. Furthermore, customers who hold the stock may continue to either hold or sell ACBFF on Robinhood. For reference, we’ve sent the below email to all customers who hold the stock.”
“We're reaching out to let you know that starting September 19th, you won't be able to purchase additional shares of Aurora Cannabis Inc. (ACBFF) on Robinhood. You will, however, be able to hold and sell the shares you currently own. This is happening because there’s limited support at execution venues for the large volume of ACBFF orders we’ve received. We appreciate your understanding and hope to re-enable buy orders for ACBFF in the future.” An article in Business Insider said that “As of Tuesday September 18th, more than 81,000 investors held Aurora Cannabis shares through Robinhood.”
Everyone in the financial markets took note of Nanaimo based Tilray Inc.’s. recent stock run. On September 18th the Company announced that “the U.S. Drug Enforcement Administration (DEA) has granted approval to import a cannabinoid study drug into the United States from Canada for a clinical trial at the University of California San Diego (UC San Diego) Center for Medicinal Cannabis Research (CMCR) examining its safety, tolerability and efficacy for Essential Tremor (ET).” The stock ran as high as $300 on the news, making its 52 Week range $20.1000 - $300.00.
A smaller player in the sector, American Premium Water Corporation (OTC: HIPH) recently announced that it had launched its LALPINA Hydro CBD product for sale on its website (www.lalpinawater.com). Since the announcement on August 27th the share price has seen substantial percentage gains.
In the news release, Ryan Fishoff, CEO, commented: “The day has finally arrived! After years of development and work, on behalf of the Company, we’re excited to launch our infused CBD product. Since delivering the prototype back in January, we have done additional development work on the prototype and have added nanotechnology to enhance and increase the bioavailability and absorption rate of the product. The Company will also be looking to leverage its brands and expand into other exciting areas in the CBD space, specifically pet products, topicals and THC infused beverages. As we move forward, I will have more updates on these developments in the coming weeks and months.”
Research provided by SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, released a report earlier this year seeing the growth potential of this junior player saying, “We initiate coverage on American Premium Water Corp. (OTC: HIPH) ($0.020), with a price target of $0.15. HIPH is a diversified company focused on premium consumer brands and products. It currently sells and markets hydrogen-infused water under the LALPINATM brand and luxury apparel under the Gents brand. We expect HIPH growth to be supported by two commercial initiatives planned for this year: Hydrogen-infused Water and Hydrogen CBD-infused Water. Both product lines have high potential given: 1) the rising consumer interest in legal CBD products; and 2) the large and expanding market for functional water.” http://www.seethruequity.com/
Another big winner in the cannabis/beverage space for investors, New Age Beverages Corporation (NASDAQ: NBEV) announced on September 19th “that it intends to debut its portfolio of CBD infused beverages at the upcoming North American Convenience Store show (NACS) to be held at the Las Vegas Convention Center on October 7-10, 2018.” New Age Beverages Corporation also quoted industry research in its press release, “According to the Brightfield Group, the Global market for CBD will top $22 Billion with the next 4 years. Non-psychotropic CBD is one of the most medicinal compounds in the cannabis plant, reportedly helping with everything from arthritis to epilepsy and cancer, and is seen by many as a natural remedy instead of a pharmaceutical or narcotic drug. The 2018 Farm Bill, which was recently passed by both the House and Senate, would likely legalize CBD for farmers across the country and allow it for sale nationally in all channels.”
Everyone sees the explosive potential. According to a press release from CannaTech, The Arcview Group and URI Capital Management about their upcoming investor conference in Hong Kong,"The Cannabis industry is the fastest growing market in the world and the legal cannabis business is expected to generate $57 billion globally by 2027 as countries throughout the world continue to legalize its use and demand continues to grow exponentially.” Troy Dayton, CEO of The Arcview Group said in their news, "The worldwide cannabis market is exploding, and Asian investors are increasingly paying attention. Up until now, pioneering Asian investors have only been able to simply read about this fascinating industry. Not anymore. We are bringing the cannabis industry to them."
So, as the investor hunt for the next hot cannabis investment goes global, you can be assured that as much as retail investors are betting big on the sector, global corporations like Coca-Cola Company are seeking out their next strategic acquisition as well! Investor Ideas stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana / Hemp Stocks
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