Business
Weeding out the Obstacles for Investing in the Cannabis Sector; from Legalization to Transparency, How the Industry is Becoming a Safer Bet
Weeding out the Obstacles for Investing in the Cannabis Sector; from Legalization to Transparency, How the Industry is Becoming a Safer Bet.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPOINT ROBERTS Wash. and DELTA, British Columbia, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the trend of cannabis companies uplisting in U.S. markets.\n As regulations change, such as the rescheduling of CBD and Hemp in the US, it is likely we will see and more and more smaller cannabis companies work towards uplisting to the OTCQB, NYSE and NASDAQ markets, making them more transparent to investors as well as reaping the benefits of opening themselves up to a larger investor base and gaining access to more capital. A big indicator of the growing acceptance and change in the sector; Wall Street is beginning to embrace it as Piper Jaffray initiated coverage on cannabis producers Tilray and Canopy Growth on Tuesday, joining a short — but growing — list of Wall Street brokerages watching the industry. Back in February of 2018, Cronos Group Inc. (TSX: CRON.TO) (NASDAQ:CRON) began to blaze the path in cannabis stock credibility by becoming the first cannabis company to be listed on the Nasdaq Global Market, as well as uplisting from the TSX-Venture to the TSX. In their release, Mike Gorenstein, CEO of Cronos Group said, \"This up-listing to NASDAQ is a major corporate milestone and reflects the significant progress we have made in strengthening our corporate governance and expanding our global footprint. We believe this will increase long term shareholder value by improving awareness, liquidity, and appeal to institutional investors.” Since then, cannabis companies both small and large have been looking to follow in their footsteps. EnviroTechnologies International, Inc. (OTC:ETII) in a recent news release reported that it has commenced an audit to become a fully reporting company and transition to the OTCQB. The company’s subsidiary, CBD Health Co., a company that markets and sells high quality and proprietary hemp-based, natural CBD health products, has made inroads into the hemp-based pet supplement products market and further ambitions in the CBD market. Gaylord Karren, ETI’s President commented, “We have been transparent with our financial information but we have not to date committed to a formal audit, which we determined is the next logical step in our progression as a public company....