The month of June has already been quite positive for the world of marijuana stocks. The pot stock market has seen a large number of ups and downs in the past week alone. This of course, is due to the volatility that has occurred throughout the cannabis space since its inception.
Volatility, however, is something that many investors like to see as it has a lot of potential for gains. With so much potential running through the marijuana stock market overall, it seems as though we may just be getting started.
A Pot Stock That is Gaining Attention
CLS Holdings USA (CLSH) is one of the leading diversified cannabis companies currently working within the marijuana stock space. The company operate through their various subsidiaries, but most notably Oasis Cannabis. Oasis Cannabis for those who don’t know is a retailer of marijuana based out of the Las Vegas, Nevada market.
The company has stated that one of their main goals is to continue producing extremely high-quality cannabinoid extractions. Through a proprietary technique, the company has shown that they can continuously put out high quality and consistent products.
Additionally, CLS Holdings operates by working with licensing operations, processing facilities, processing operations, product sales, and brand creation/consulting services. With such a broad base to work in the cannabis market, the company has continuously illustrated their commitment to innovation and producing the best quality products and services possible.
Big News for CLS Holdings
The company recently announced that their most recent acquisition, In Good Health, has entered into an agreement with the interestingly named town of Sandwich, MA. In Good Health has stated that they are aiming to locate a Registered Marijuana Dispensary for the retail sales of cannabis products. This should be able to benefit the people of Sandwich as it will add jobs and revenue into the local economy.
Of course, there are still some legal issues such as a license from the Cannabis Control Commission, but everything does seem to be moving in the right direction.
The President of In Good Health, David Noble, stated that “we are truly appreciative of the opportunity to open a retail facility in Sandwich, and are grateful for the support we received from the town. IGH looks forward to providing its hallmark of outstanding customer service and medicine to the Town of Sandwich and surrounding areas.”
A Less Well-Known, but Large Player in the Marijuana Stock Market
HEXO Corp. (NYSEMKT:HEXO) is considered to be one of the largest companies in the whole of the pot stock market. The company averages over 4.5 million shares in trading volume which is quite large. Yet, the company remains relatively lesser known than some of the bigger players in the market.
One of the largest draws for HEXO Corp. is that they own as much as 30% market share within Quebec’s adult-use marijuana market. With this monopoly on such a large space, it seems as though HEXO Corp. is an interesting choice for the future of the cannabis stock market. All in all, investors should continue to keep a close eye on the company as they move into the future of pot stocks.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and CLS Holdings USA Inc. (CLSH), Midam has been paid $200,000 from CLS Holdings USA Inc. (CLSH) for a period from April 26, 2019 to May 26, 2019. We may buy or sell additional shares of (CLSH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about CLS Holdings USA Inc. (CLSH).