The Last Week of March Could be Bright for Marijuana Stocks
Marijuana Industry NewsUncategorized March 25, 2019 MJ Shareholders
The marijuana stock market this month has seen quite some ups and downs. While mostly the sentiment from investors has been quite positive and bullish, there is the occasional volatile hiccup throughout the market. It seems as though the end of this month is presenting an interesting case for the future of cannabis stocks as new legislation and the shifting public perception of the industry both change.
One of the common themes for growth seems to be that most of it is occurring at the level of those who grow cannabis rather than other tiers of the industry. This means that the growers should continue to be watched by those looking to find value in the marijuana stock market.
The Green Organic Dutchman (TGODF) (TGOD) is one of the largest growers of marijuana currently working in the Canadian cannabis landscape. The company recently released their year-end financial and operational results for the period ending on December 31st, 2018.
One of the interesting aspects of the results shows that the company ended with $263 million in free and restricted cash. This amount should help them to continue fueling growth in their facilities as well as expansion into the international market. Having this much free cash in the marijuana industry seems to be a luxury needed by such a capital intensive project. In order to begin growing marijuana, there is a large amount of upfront capital needed to pay for everything from the buildings all the way to the labor to produce the substance.
Additionally, The Green Organic Dutchman stated that they have completed their acquisition of HemPoland for around $18 million. This should help to push them further into the international market on cannabis which has seen so much positivity in the past few months. The company also completed the largest ever Canadian cannabis IPO, which ended up raising upwards of $130 million including over-allotment.
The goal is for The Green Organic Dutchman to finish their construction of their Hamilton and Valleyfield sites where they can then work on producing even more marijuana. If they can continue to compete with some of the largest growers in the industry, there’s no telling just how far The Green Organic Dutchman could go. All in all, they remain an interesting company to keep a close eye on as we traverse the future of the cannabis market.
Innovative Industrial Properties (NYSE:IIPR) is in no way considered to be a traditional pot stock. With this in mind, they do offer investors an alternative way to invest in the cannabis market. The company operates as an REIT or Real Estate Investment Trust, which simply means that they purchase facilities and then lease them out to growers.
The company has shown a solid track record of producing consistent results which have helped to bring in a large amount of investors. Year to date they have performed over 70%, gaining 25% in February alone. As they continue to work on finding and building out new facilities, it seems as though Innovative Industrial Properties should be a solid watch for the coming months.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and The Green Organic Dutchman, Midam is being paid $20,000 per month for a period beginning July 30, 2018, and ending July 30, 2019. We may buy or sell additional shares of (TGODF/TGOD) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about The Green Organic Dutchman. The principles of MAPH participated in the IPO for The Green Organic Dutchman Holdings, Ltd. (TGOD) & own a collective 193,797 free trading shares & 9,725 warrants. The principals of MAPH intend to sell their positions in (TGOD) for profit. MAPH nor any of its principals have been compensated for any material related to (TGOD). As of November 13, 2018 a member of MAPH Enterprises LLC holds freely trading 231,300 shares and 150,000 warrants of The Green Organic Dutchman (TGODF) purchased in the open market. These may be sold at any point. This disclaimer will be updated at such time.
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers