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4 Marijuana Stocks We're Watching Today - October 6th, 2017

October 6, 2017

 

Out of over 200 marijuana stocks, there's 4 that we're going to be watching as the markets open due to breaking news out this morning. Here's 4 cannabis companies to watch today:

 

22nd Century Group Inc. (NYSE:XXII)

 

Today, 22nd Century Group Inc. is presentd yesterday at The MicroCap Conference held at the Essex House in Manhattan,  in addition to the company's announcement that a Phase III study using 22nd Century’s SPECTRUM® low-nicotine research cigarettes showed signs of demonstrable harm reduction. It's important to note whenever one of your current or prospective portfolio holdings is participating in major conferences. First and foremost, the increased awareness garnered by these conferences can move stock prices. Secondly, the companies participating usually have one of their top executives giving an overview of their company and what's to come.

 

Canopy Growth Corp. (TSX:WEED) (OTC:TWMJF)

 

Yesterday evening, Valens GroWorks Corp. announced that the company's wholly owned subsidiary Valens Agritech Ltd., a Health Canada Licensed Dealer, has signed a supply and sales agreement with Canopy Growth Corporation for the distribution, marketing and sale of the company's branded products through Canopy Growth's extensive CraftGrow distribution network, to take effect upon Valens securing a Health Canada licence under the Access to Cannabis for Medical Purposes Regulations.

 

INSYS Therapeutics, Inc. (NASDAQ:INSY)

 

While this morning's announcement doesn't pertain to the company's cannabinoid-based drug, INSYS Therapeutics, Inc. responded to the complaint filed by the New Jersey Attorney General in a statement reiterating that "we continue to work with relevant authorities to resolve issues related to inappropriate actions taken by some of our former employees. Accordingly, we have taken a series of major actions to prevent the mistakes of the past from happening in the future."

 

Valens GroWorks Corp. (CSE:VGW) (OTC:MYMSF)

 

Yesterday evening, Valens GroWorks Corp. announced that the company's wholly owned subsidiary Valens Agritech Ltd., a Health Canada Licensed Dealer, has signed a supply and sales agreement with Canopy Growth Corporation for the distribution, marketing and sale of the company's branded products through Canopy Growth's extensive CraftGrow distribution network, to take effect upon Valens securing a Health Canada licence under the Access to Cannabis for Medical Purposes Regulations.

 

Be sure to subscribe to one or more of our free e-mail newsletters so you never miss an important marijuana stock update. Also, don't forget to connect with The Daily Marijuana Observer on social media via Facebook, Twitter, StockTwits, YouTube, and Instagram.

 

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.