OrganiGram Holdings Inc (OTCMKTS:OGRMF) To Partner With The Trailer Park Boys

OrganiGram Holdings Inc (OTCMKTS:OGRMF) has announced that it has been chosen by the Trailer Park Boys, based in Nova Scotia, as their exclusive Canadian cannabis producer, brand developer and business partner. As per the agreement, the company would be working closely with the management at TPB Productions Ltd, so as to develop a competitive product portfolio, as well as branding and packaging for the users of recreational marijuana. Moreover, Oranigram would serve as the exclusive distributor for the products.

Ray Gracewood, the CCO of OGRMF, stated that the relationship would solidify their strategic building blocks, as they continue to plan for the legalization of recreational cannabis, in Canada. He also revealed that TPB had a vision to develop a national brand and it was exciting to know that OGRMF could assist them. Mr. Gracewood also reaffirmed that OgraniGram would continue to supply world class cannabis, to its patient base. He clarified that the said partnership was aimed at utilizing opportunities that would be available, once recreational cannabis has been legalized.

It should be noted here that TPB was represented by the Sonic Entertainment Group, in this transaction. Louis Thomas, the president of Sonic Entertainment, stated that they were carefully monitoring the situation in Canada, to understand how best they could enter the market. He further claimed that the timing of this partnership and the selection of OrganiGram was decided after meeting with the executive team of OGRMF. The agreement between the two entities would be valid for a period of 5-years.

The announcement comes just a week after OgraniGram announced its financial results for the 3Q2016 and also provided an operational update. In the update, the company stated that it has started construction of its fully funded expansion plans, announced earlier, which are due to be completed by fall 2017. Once complete, the expanded facility would be able to deliver a production capacity of an estimated 17,235 kg of flower per year, which translates to over $100 million in annual sales.

OrganiGram Holdings Inc (OTCMKTS:OGRMF) had a trade volume of 387,421 and gained 26.07%, during the November 23 trading session, to close at $2.47 per share.

Business MMJ

Kaya Holdings Inc (OTCMKTS:KAYS) Reports Substantial Growth In Revenues For 3Q2016

Kaya Holdings Inc (OTCMKTS:KAYS) filed its financial results for the 3Q2016, yesterday, recording a gain of 700% in terms of revenue, on a year-over-year basis. The company noted that all of its revenues for the quarter were generated by its cannabis business, rather than other non-cannabis related endeavors. Moreover, the management claimed that it was on track to reach its target of $1 million sales, for the FY2016.

In the accompanying update, the company provided details about the progress of two new Kaya Shack marijuana superstores, being developed by the company. Moreover, Kaya also announced that it has acquired the services of David Kotler, a former prosecutor, with experience in helping companies in their initial phase of medical marijuana licensing. He also has extensive contacts across the marijuana industry, across the nation. Kaya has announced that Mr. Kotler would be responsible for leading the company’s expansion plans, nationwide. Added to this, with the passing of the proposition 64, the company has decided to construct a broad and well rounded executive team, to head out expansion plans in the new and emerging markets.

Kaya Holdings’ CEO, Craig Frank, revealed that the management thought that it was the right time to explore other opportunities, other than their continued expansion in Oregon. He also expressed confidence in the appointment of Mr. Kotler, as the head of national expansion. Commenting on his appointment, Mr. Kotler stated that he believed his job at Kaya was to provide sound guidance on matters relating to licensing and advise connecting where needed.

For its 3Q2016, Kaya recorded revenues of over $263,000 and a gross profit of over $137,000, as compared to a gross loss of $831, in the previous year. However, KAYS also experienced a surge in operating expenses, which increased by approximately three folds, on a year-over-year basis. The majority of this surge was attributable to professional fees. As such, net loss for the 3Q2016 was over $1.12 million, as compared to $1.11 million, in the previous year.

Kaya Holdings Inc (OTCMKTS:KAYS) had a trade volume of 1.09 million and gained 3.7% in terms of its share value, during the November 22 trading session, to reach a close at $0.084 per share.

Business Marijuana

Can Medical Marijuana Inc (OTCMKTS:MJNA) breakout be on the horizon

Before we get into the due diligence on Medical Marijuana Inc (OTCMKTS:MJNA), its important to take notice of today’s news released by MARAPHARM Ventures Com NPV (OTCMKTS:MRPHF). Marijuana stocks tend to move up higher on news and so could be the case today with MRPHF. Marapharm Ventures Inc. announced a Second Agreement to Acquire Assets in California. As per the press release, “We are really excited to have a second property as well as three more licenses in the California market. Marapharm is positioning to be an effective competitor and marketer in the most populous state in the nation. Smaller and well located facilities like this one are perfect for training staff and for product testing of new strains and products,” says Linda Sampson, Marapharm CEO and director. It would be interesting to see if today’s press release will this be enough for the bulls to take over MRPHF.

Medical Marijuana Inc (OTCMKTS:MJNA) has announced that Kannaway LLC, its portfolio company, has launched a refreshed version of its world-renowned brand, at the “Genesis” event in San Diego, held this month. The event was two day long and comprised of award-winning training sessions, as well as talks from Kannaway leaders. The company stated that the talks focused on best practices that help in building a better business.

Kannaway also took the opportunity to announce the newest members of its leadership. Moreover, the company introduced a new stock option plan for brand ambassadors. This was in addition to a 7-day cruise trip to Cabo San Lucas, Mexico. Furthermore, the company announced that two of its brand ambassadors reached the platinum level, under Kannaway’s social responsibility initiative. As part of the brand refreshment, Kannaway has added three new products to its line of hemp oil and CBD products. These include the Pure CBD Liquid, Premium Hemp Oil capsules and Pure CBD capsules.

Blake Schroeder, the CEO of Kannaway, expressed pride at the launch of their new brand and the three products, while also stating that brand ambassadors were excited about the company’s new stock incentive program. He also announced the launch of the company’s new program, ECHO, to which Kannaway and its brand ambassadors made the first contribution. In association with its brand renewal strategy, the company has also introduced a new website.

Earlier, another major investment from MJNA, Axim Biotechnologies (OTCMKTS:AXIM), has received a notice of allowance, from the USPTO, in association with its patent for its use of all cannabinoids, in its new control release chewing gum. This indicates that Axim is clear to file a patent for the application. Medical Marijuana noted that the new patent would be an extension of Axim’s current patent, which covers the use of chewing gum as a controlled delivery mechanism for cannabinoids.

Medical Marijuana Inc (OTCMKTS:MJNA) had a trade volume of 36.18 million and lost 12.5% of its share value, during the November 21 trading session, to close at $0.098 per share.

Business Marijuana

Is Marapharm Ventures Inc (OTCMKTS:MRPHF) a buy at the current levels

Post election day, the price action on most of the marijuana stocks have consolidated providing a perfect opportunity for traders and investors to get in and ride the uptrend pending further positive news. Today’s OTC marijuana stocks in focus are: Marapharm Ventures Inc. (OTCMKTS:MRPHF) and Terra Tech Corp (OTCMKTS:TRTC)

Marapharm Ventures Inc. (OTCMKTS:MRPHF) announced today that it has entered into agreement to purchase an industrial facility in southern California and three (3) medical marijuana licenses for manufacturing, cultivation, and retail uses. This is in addition to the transaction described in the news release dated November 14, 2016. As per the press release, “the land size is 0.32 acres and the existing building size is 2,756 square feet, with an 18-foot-ceiling clearance, for a purchase price of $950,000.00 USD, based on a purchase price of less than $350 USD per square foot”. This is a great news for Marapharm Ventures Inc. (OTCMKTS:MRPHF) traders and investors as just a few days ago, MRPHF hit high of 1.87 and closed at a $ a share yesterday. Today’s news can very well serve as a stimulus for renewed interest from Wall Street in this MMJ sector stock.

Another stock MMJ sector stock in focus is Terra Tech Corp (OTCMKTS:TRTC). TRTC was a big disappointment in Monday trading session having shed 14.76% in market value to close the day at lows of $0.320 a share. Given the recent swings in the market, the crash should be a point of concern to investors as the overall industry is enjoying a bull run. The stock edging lower in the market could also be interpreted as a minor pullback pending a major run on the upside.

 Terra Tech next step from the current lows is highly dependent on various factors. The company registering a 34.4% increase in revenue in the third quarter all but affirmed growth prospects at hand, especially with the recent legalization drive of marijuana in the US.

Chances of Terra Tech powering higher in the market going forward is very high especially with the expansion of the target market in the U.S. The company is aggressively expanding its footprint with the opening up of new dispensaries in California and Nevada as part of its expansion drive in pursuit of growth opportunities.

The company’s Edible garden segment that produces local and hydrophobic foods also continues to report strong performance having registered a 34% year over year increase in revenue in the third quarter. Terra Tech has also revamped its sales channels with the inclusion of Wegman Supermarket as it continues to reaffirm its growth prospects.

 While the company appears to be doing extremely well o product development and operational efficiency there are other factors that could significantly affect the stock’s upward momentum. Concerns about what the Donald Trump administration has in store on the policy front could spell trouble for the overall industry significantly affecting Terra Tech.

A hard stance on the use of Marijuana by the Republican government is seen as bad for the industry given that the same would go a long way in affecting operations.

Terra Tech Corp (OTCMKTS:TRTC) as it remains is a safe bet in the industry even with the recent pullback. The company having shown that it can generate revenues should point to a bright future, should the Federal government not pass stringent laws in a bid of regulating the industry.

Marijuana MMJ

What California’s Approval Of Recreational Marijuana Means For Cannabis Companies

The future looks brighter for Hemp Inc (OTCMKTS:HEMP), FutureLand Corp (OTCMKTS:FUTL), S&W Seed Company (NASDAQ:SANW) and their peers is legal recreational marijuana business. Voters in several states have taken advantage of the 2016 election to approve various forms of marijuana use.

California, the most populous state in the U.S., hasvoted to legalize recreational marijuana.It is the same story in Maine, Nevada and Massachusetts. However, In Arizona, voters rejected the proposal to legal cannabis for recreational use in the state. Nevertheless, the approval of pot for creational use in California, Maine, Nevada and Massachusetts means a wider market for manufacturers of edibles and beverages laced with marijuana, a rapidly growing subset of legal marijuana industry.

Medical marijuana

In North Dakota,Florida and Arkansas voters have approved medical marijuana in the latest ballot, while in Montana they have voted to remove certain restrictions in the use of medical pot. Nine states had marijuana questions on the ballot in this election and cannabis seems to have scored a major victory.

In the states where medical marijuana has been newly approved, the market has widened for Cannabis Science Inc (OTCMKTS:CBIS), Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE), Cannabics Pharmaceuticals Inc (OTCMKTS:CNBX) and their peers. These companies are engaged in harnessing therapeutic benefits of cannabis to treat a range of illnesses including cancer and seizures.

The voter approval of recreationalmarijuana in this electioncomes at a time when a recent poll showed a sharp spike in the number of adults who have smoked cannabis. Gallup poll showed adult marijuana smokers nearly doubled in three years as of August 2016.

Restricted recreational use

California, Maine, Nevada and Massachusettsnow join the ranks Oregon,Alaska, Colorado and Washington that have already made cannabis for entertainment legal. Recreational marijuana is also legal in Washington, D.C.

Legal marijuana is a major revenue earner in Colodaro, where the industry created more than 18,000 full-time jobs in 2015 and generated millions of dollars in taxes. It is projected that legal cannabis industry will be worth more than $22 billion by 2020.

Marijuana MMJ

Hemp Inc (OTCMKTS:HEMP) Edging Higher But CEO Fraud Charges Could Cap Momentum

Hemp Inc (OTCMKTS:HEMP) has fired the first warning shot, highlighting how serious it is about pursuing growth opportunities in the multi-billion medical marijuana business. The leader in Industrial hemp through its subsidiary Industrial Hemp Manufacturing has signed a letter of intent for the purchase of 1,000+ acres of Hemp.

With the cannabis industry expanding rapidly, there’s tremendous opportunity as the industry’s leading payment solution provider. Read more how this weed stands tall in a bright green field. 

BioRegen’s agreement

The agreement is for hemp that is to be harvested in BioRegen’s land in Eastern Northern Carolina. Harvesting of the hemp in question is slated for the end of next year. This will be the first Hemp crop in the state following the legalization of medical marijuana last year.

The signing of an agreement with BioRegen’s does not come as a surprise given that Hemp Inc runs a multi-purpose hemp processing plant 75 miles from the farming land. The same should allow the company to process millions of pounds of hemp fibers with ease.

“Instead of leaving the stalk in the fields to be wasted, or in some cases burned thereby polluting the environment, we have the infrastructure in place to take that wasted fiber and process roughly forty million pounds per year… and that’s just with our Temafa decortication line said CEO, Bruce Perlowin.

Pivotal U.S Election

The timing of the Letter of Intent could not have been better given the expected expansion of the target market as more states move to legalize the same through voting. Nine states are poised to vote for the legalization of the federally prohibited plant in what experts believe will expand the target market.

Hillary Clinton winning the November 8 election should also act as a big lift for the fast growing industry given she seems more lenient in legalizing marijuana something that could help in the expansion of the target market.

Even on growing investor interest in cannabis stocks, Hemp Inc (OTCMKTS:HEMP) faces major hurdles if it is to attract the near attention that other stocks are receiving. The arrest of its CEO, Perlowin early in the year over fraud charges is a dark cloud that could affect the stock’s sentiments on the street.

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