PALM BEACH, Florida, September 19, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
There is a growing speculation and excitement building in the Cannabis industry of late as many are seeking any level of validation of the massive global potential of the cannabis industry as legalization looms in Canada. Validation seems to be more and more apparent as it was reported by BNNBloomberg.com recently that New Age Beverages Corp., which surged as much as 45% on September 5th merely for saying it tested a cannabis-infused beverage in Colorado at the Liolios Gateway Conference in San Francisco. Also it was reported by Bloomberg.com that Coca-Cola said it's monitoring the nascent industry and is interested in drinks infused with CBD - the non-psychoactive ingredient in marijuana that treats pain but doesn't get you high. However Coke downplayed the speculation this week but did indicate "we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world. The space is evolving quickly. No decisions have been made at this time." This could be a great indication of things to come all while companies are already looking to the next phase of the Cannabis industry such as edibles and other THC-infused products and drinks. Active companies in the markets today include: The Alkaline Water Company Inc. (TSX-V:WTER) (OTC:WTER), Aurora Cannabis Inc. (OTC:ACBFF) (TSX:ACB), Hexo Corp. (OTC:HYYDF) (TSX:HEXO), Constellation Brands (NYSE:STZ) (NYSE:STZB), Canopy Growth Corporation (TSX:WEED) (NYSE:CGC).
The Alkaline Water Company Inc. (TSX-V:WTER.V) (OTCQB:WTER) BREAKING NEWS: The Alkaline Water Company, with products bottled under the trademark Alkaline88®, is pleased to announce that record sales were achieved in July and August 2018 executing and marketing for retail sale of its cost-effectively packaged Alkaline88® water beverage products.Read this and more news for Alkaline Water Company at: http://www.marketnewsupdates.com/news/wter.html
In other industry developments in the markets:
Aurora Cannabis Inc. (OTCQX:ACBFF) (TSX:ACB.TO) and its wholly owned subsidiary MedReleaf have entered into additional supply arrangements with a number of provinces across Canada to supply a broad range of dried flower and higher margin products, such as prerolls, oils and capsules. In addition to supplying adult consumer use markets in British Columbia, Alberta, Ontario, Quebec and Nova Scotia, the company is pleased to advise of arrangements with the Yukon, Manitoba, Prince Edward Island, and Newfoundland and Labrador. The Aurora and MedReleaf brands are expected to have a strong presence across Canada, positioning the company well for rapid growth in the upcoming adult use market. Appointment of Darren Karasiuk, executive vice-president of adult usage, global. The company also announces the appointment of Mr. Karasiuk as its new executive vice-president of adult usage, global. Mr. Karasiuk will be responsible for the execution of Aurora's commercial adult use strategy, which includes oversight of adult-use retail, marketing, sales, business intelligence and analytics, partnerships, and customer service.
Hexo Corp. (OTCPK:HYYDF) (TSX:HEXO) has bolstered its leadership team by appointing Nick Davies as vice-president of marketing and Dominique Jones as vice-president of human resources. "I am pleased to welcome Nick and Dominique to our world-class leadership team," said Hexo's chief executive officer and co-founder, Sebastien St-Louis. "Together, they have decades of experience in their given fields and will be instrumental as we execute our business plan and continue expanding throughout Canada, and beyond." Mr. Davies is an accomplished marketing executive with over two decades of experience building trusted global brands and market-leading products. Having worked with Puma, Coleman, Virgin and Corel, Mr. Davies has earned a reputation as an energetic marketing leader known for building high-quality consumer experiences. As executive vice-president at Corel, he held global profit and loss responsibility for the graphics and productivity division, and led the company's expansion into new international markets. Mr. Davies is a graduate of the European Business School and holds an MBA from INSEAD.
In additional news about Cannabis and the Beverage markets:
Constellation Brands (NYSE:STZ) (NYSE:STZB), a leading beverage alcohol company, and Canopy Growth Corporation (TSX:WEED.TO) (NYSE:CGC), a leading diversified cannabis company (together, the "Companies"), last month announced a significant expansion of their strategic partnership to position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing. Constellation Brands will increase its ownership interest in Canopy Growth by acquiring 104.5 million shares directly from Canopy Growth, thereby achieving approximately 38 percent ownership when assuming exercise of the existing Constellation warrants. Constellation Brands is acquiring the new shares at a price of C$48.60 per share, which is a 37.9 percent premium to Canopy's 5-day volume weighted average price of the common shares on the Toronto Stock Exchange ("VWAP"), and a 51.2 percent premium to the closing price on August 14, 2018. Constellation will also receive additional warrants of Canopy that, if exercised, would provide for at least an additional $4.5 billion CAD to Canopy Growth.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated forty four hundred dollars for news coverage of the current press release issued by The Alkaline Water Company Inc. by a non-affiliated third party consultant. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.