Source: Emerging Growth LLC Press Release 10.27.14
Oct 27, 2014 (ACCESSWIRE via COMTEX) — Whitefish, MT / ACCESSWIRE / October 27, 2014 / Cannabis stocks gained ground last week, led by a ~15% recovery in shares of GW Pharmaceuticals plc GWPH, +1.86% MedBox Inc. MDBX, +8.28% shares also rose more than 25%, sending the overall Marijuana Index(TM) significantly higher for the week. Traders will be watching for a continuation of these trends into this week, although a lot may depend on the movements of the larger overall market.
On the regulatory side, the cannabis industry continues to gear up for a series of legalization votes in November. Polls suggest that support for cannabis remains strong, but Colorado’s gubernatorial elections will be closely watched. States like Delaware that have no upcoming votes on legalization this November also appear well positioned for a vote during the 2016 election season.
-Enertopia Terminates WOM Joint Venture – Enertopia Corp. ENRT, -1.01% (cse:TOP) recently announced the termination of its joint venture with World of Marihuana and plans to issue further updates soon.
-BreedIT Exec Interviewed on CEOLive.TV – BreedIT Corp. BRDT, +6.79% CFO Oded Gilboa was recently interviewed on CEOLive.TV where he discussed opportunities for the company’s software in the industry.
-Agritek Executes First Lease Agreement – Agritek Holdings Inc. AGTK, +12.73% recently announced the first of several long-term tenant leases on behalf of licensed operators and grow operations in Colorado.
-22nd Century Group Breaks into Cannabis – 22nd Century Group Inc. (nyse mkt:XXII) recently announced that it secured an exclusive license and co-exclusive international license to four cannabinoid biosynthesis genes.
-Surna Files Patent on New Reflector Technology – Surna Inc. SRNA, -4.26% recently announced that it has filed multiple patent applications for additional features of its indoor reflector that’s under development.
-Cannabix Opens Doors to Retail Investors – Cannabix Technologies Inc. BLOZF, +0.00% (cse:BLO) recently announced that its stock became DTC eligible, making it easier for retail investors to take positions.
-Cannabis Therapy Gears Up Canna-Pet Business – Cannabis Therapy Corp. CTCO, -1.27% recently announced a number of initiatives designed to grow its Canna-Pet business that it acquired earlier this year.
-Affinor Growers Announces New License Agreements – Affinor Growers Inc. RSSFF, -13.17% (cse:AFI) recently announced two new licensing agreements designed to expand its product offerings.
-CannLabs Expands to Meet Demand – CannLabs Inc. CANL, +5.00% recently announced that it has expanded its testing capabilities to include microbiological contaminants and harmful heavy metals.
-Cannabis Start-Ups Exhibit in Denver – The Marijuana Tech Start-up Competition took place in September of 2014, showcasing some of the most promising start-ups in the cannabis industry.
-Delaware Could Legalize Cannabis in 2016 – Delaware may not be up for a cannabis vote in November, but recent poll suggest that such a measure could see strong success, yielding potential in 2016.
-U.S. Cannabis Industry Could Reach $35 Billion – A new report by GreenWave Advisors suggests that the U.S. cannabis industry could reach $35 billion by 2020 if all 50 states legalized the drug.
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.
SOURCE: Emerging Growth LLC
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