According to recent research reports, the green industry is expected to more than double in value by 2025, and many investors are getting ready to ride the next green wave.
As more U.S states and countries all over the world decriminalize or legalize the green substance, cannabis stocks may be the best investments you can make for the next 5 years.
For long term investors looking for exposure to the booming green industry, Cann American Corp. (OTC: CNNA), Medical Marijuana, Inc. (OTC: MJNA) and Grow Solutions Holdings, Inc. (OTC: GRSO) could light up your portfolio this year
Cann American was formed in 2015 with an initial focus on developing legal cannabis industry infrastructure projects in Northern California. Now a publicly traded company, Cann American Corp. (OTC: CNNA), through its subsidiaries, has expanded its focus toward developing assets, technologies and acquisitions nationally in the legal cannabis and hemp industries.
Recently, the Company has withdrawn its Regulation A (Reg A) filing with the SEC. Regulation A is an exemption from registration from public offerings that essentially allows a qualified issuer to sell unrestricted stock to investors at a discount to current market value.
Cann American has always considered a Reg A offering as a last contingency back up that the Company would rather have and not need than need and not have in the case that a significant opportunity came along.
Recently, based on significant progress with the Company’s ongoing initiatives and investments it has become apparent, based on recurring revenue projections, that the Company no longer needs to pursue a dilutive offering, even as a back-up, through Regulation A. The Company has been equally aware that the RegA was unpopular amongst shareholders which factored in the Company’s decision.
Cann American announced that its investments have re-positioned the Company’s profit projections and we believe consistent revenue generation will adequately fund the Company’s operations going forward.
In addition, the Company will be making several key announcements in the days and weeks to come, detailing our revenue generation initiatives.
Medical Marijuana, Inc. (OTC: MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway® and HempMeds®; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including AXIM® Biotechnologies, Inc. and Neuropathix.
Medical Marijuana, Inc. was named a top CBD producer by CNBC. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company’s flagship product Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy.
Grow Solutions Holdings, Inc. (OTC: GRSO) provides products and services to the regulated legal cannabis industry in the United States and internationally. Its operations focus on the retail sale and distribution of indoor and outdoor garden supplies and grow equipment, including for the legal growing of cannabis. The company also provides consulting services that include design and construction to approved and licensed legal cannabis operators, as well as assistance with licensure and related applications for legal cannabis operators. In addition, it designs and manufactures vaporizers, extraction presses, quartz accessories, and storage solutions which are used to sale in tobacco stores, smoke shops, and cannabis dispensaries. Grow Solutions Holdings, Inc. was founded in 2014 and is based in Denver, Colorado.
Now, we’re not saying that CNNA, MJNA and GRSO are going back to recent highs today, but between all of both companys recent positive news along with their oversold technical indicators, its definitely worth to watch both closely this month.