Marijuana Stocks Gaining Major Momentum in U.S. Ahead of Next Week's Elections
NEW YORK, November 2, 2016 /PRNewswire/ --
As Americans head to the polls and aim to help pass legislation to increase legalization in Nine States in the U.S., cannabis stocks are betting on a large turn out to increase the industry's momentum already sweeping across both America and the globe. The cannabis sector figures to continue its upward swing for Arcturus Growthstar Technologies Inc. (OTC: AGSTF), Cannabics Pharmaceuticals Inc. (OTC: CNBX), Medical Marijuana, Inc. (OTC: MJNA), American Cannabis Company, Inc. (OTC: AMMJ) and Growblox Sciences, Inc. (OTC: GBLX).
Arcturus Growthstar Technologies Inc. (OTCQB: AGSTF) (CSE: AGS.CN) is pleased to announce that it has engaged the services of Mr. Jim Coull to begin design and construction work at its flagship farm in North Kingstown, Rhode Island. Mr. Coull offers commercial design-build, general contracting and preconstruction services to the cleanroom laboratory, advanced technology, education and healthcare industries. He is known for his highly technical construction and turnkey services, from planning and feasibility through architecture, engineering, general contracting and commissioning.
Read the full Arcturus (AGSTF) (AGS.CN) press release at: http://marketnewsupdates.com/news/agstf.html
The Company plans to use the Rhode Island farm to showcase its proprietary scalable, indoor Controlled Environment Agriculture (CEA) technology, which allows it to produce crops more cost effectively than traditional farming methods, without the use of chemical pesticides, all while using 90% less water and fertilizer. Mr. Coull has experience with Arcturus' CEA technology, and even helped to refine the CEA system by creating greater efficiencies during growth trial phases.
"We are excited to have Jim Coull and his team of construction professionals on board with us in the development and construction of our Rhode Island farm, which can grow both leafy greens and Cannabis" says Mr. William Gildea, Arcturus Growthstar Technologies, Inc.'s CEO and Chairman. "Mr. Coull's reputation for excellence and comprehensive construction management services will ensure our flagship farm's success." Mr. Coull adds, "I am pleased to see this project is underway and look forward to help bring it to a successful conclusion. It will provide fresh organic produce to the Rhode Island Market on a one day 'harvest to table' basis. CEA is the coming trend in the food production business, and is of particular importance here in New England where our growing season is very short."
Other Cannabis stocks performing well in the markets this week:
Cannabics Pharmaceuticals Inc. (OTC Pink: CNBX) closed up over 33% at $0.83 Tuesday on over 2.97 Million shares traded by the market close. CNBX announced recently that results from the company's latest cancer HTS research overtly conclude that, depending upon the THC/CBD ratio, specific Cannabis extracts are directly contributive to reducing U87MG glioblastoma cell viability. The Company expects that results on additional types of cancers will be attained during December 2016.
Medical Marijuana, Inc. (OTC Pink: MJNA) closed up over 14% on Tuesday at $0.1595 on over 76.6 Million shares traded by the market close. MJNA yesterday announced that its portfolio company AXIM® Biotechnologies, Inc. (AXIM® Biotech) (AXIM) has begun pharmacokinetic/pharmacodynamics (PK/PD) studies with its CanChew Plus® Gum, the first CBD hemp oil chewing gum, to ascertain the potential for a reduction of irritable bowel syndrome (IBS) symptoms in patients.
American Cannabis Company, Inc. (OTCQB: AMMJ) closed up on Tuesday as well at $1.75 or more than 12% up on over 5.026 Million shares traded by the market close. AMMJ, a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, recently announced that it has secured a new design and consulting contract with a Canadian firm for the purpose of creating a cannabis Licensed Producer facility within the Atlantic provinces.
Growblox Sciences, Inc. (OTCQB: GBLX) closed up slightly on Tuesday at $0.59 on above average trading of over 3.22 Million shares traded by the market close. GBLX recently announced the filing of the first of several patent applications for life science inventions by its wholly-owned subsidiary, Growblox Life Sciences, LLC. The current provisional patent application covers complex-cannabinoid-containing mixtures capable of enhancing dopamine secretion and protect neurons from the mitochondrial-induced free radical damage that occurs during disease progression in the brains of patients with Parkinson's disease, Alzheimer's disease, Lewy Body Dementia, and Huntington's disease, among others. In an aging population, neurodegeneration associated with these disorders is a growing health burden according to the World Health Organization (2013).
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