Marketnewsupdates.com: Cannabinoid Development Continues to Thrive as Medicinal Cannabis Operations Expand
PALM BEACH, Florida, March 9, 2017 /PRNewswire/ --
As the Medicinal Cannabis Sector continues to explode behind increased public and political support, the development of high quality cannabis extracts and Cannabinoids are helping to boost the industry to new heights. Cannabis stocks with recent market trading and developments include: Vinergy Resources Ltd. (OTC:VNNYF)(CSE:VIN.CN), Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE), Cronos Group Inc. (TSX-V:MJN), THC Biomed Intl Ltd. (OTC: THCBF) (CSE: THC.CN) and Aurora Cannabis Inc. (OTC: ACBFF) (TSX-V: ACB.V).
Vinergy Resources Ltd.(OTCQB:VNNYF)(CSE:VIN) in conjunction with its proposed acquisition of MJ Biopharma (announced December 14, 2016) is pleased to announce it has appointed Mr.Facundo Bacardi to its Board of Directors effective immediately. Mr.Bacardi is a member of the family that owns and controls Bacardi Ltd., a worldwide liquor manufacturer and distributor. From 1979 to 1991, he was the head of Bacardi's manufacturing and distribution division for Nassau, Brazil, Trinidad and Central America. Since 1990, Mr.Bacardi has served as a Director of Suramericana de Inversiones, S.A., an investment company located in Panama. He is a founding shareholder of JSM Capital Holding Corp., a shareholder and Director of Global Arena Holdings, Inc., Mr.Bacardi is also on the Honorary Consul for the Bahamas in Panama. Read this and more news for Vinergy Resources at http://marketnewsupdates.com/news/vnnyf.html
"We are excited to have someone of Mr.Bacardi's calibre and pedigree, join our team. We look forward to working closely with him on our strategy to roll out products and technologies internationally," said Mr. Kent Deuters, CEO of MJ Biopharma. Mr.Bacardi, said: "I am happy to be joining the team at Vinergy to pursue business in the cannabis industry. Given my life-long experience in the spirits industry I see several areas in which I can add immediate value for the Company."
In other Cannabis/Medical Marijuana performances of note in the markets:
Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) closed up on Wednesday at $21.11 represent over 5% for the trading day. Zynerba Pharmaceuticals is a clinical-stage specialty pharmaceutical company focused on developing and commercializing proprietary next-generation synthetic cannabinoid therapeutics formulated for transdermal delivery. Zynerba will be present at the 29th Annual ROTH Conference in Orange County, CA, on March 13, 2017 at 1:00 pm PT (4:00 pm ET)
Cronos Group Inc. (PRMCF) (TSX-V: MJN) was one of the few Cannabis companies trading yesterday closing up on Wednesday. Cronos Group announced last week that it has re-filed Management's Discussion and Analysis of financial results for the three and nine months ended September 30, 2016 (the "MD&A") pursuant to a review by staff of the Ontario Securities Commission. Cronos Group is a geographically diversified and vertically-integrated cannabis company that operates two wholly-owned Licensed Producers ("LPs") regulated within Health Canada's Access to Cannabis for Medical Purposes Regulations (the "ACMPR") and holds a portfolio of minority investments in other Licensed Producers and ACMPR applicants.
THC Biomed Intl Ltd. (OTCQB: THCBF) (CSE:THC.CN) closed up on the CSE exchange on Wednesday at $0.79 trading over 400,000 shares by the market close. THC BioMed Intl focuses on the cultivation of medical marijuana in Canada. The company intends to research and develop technologies, products, and services related to medical marijuana. It would sell its products and services, including medical marijuana to other licensed producers, patients, and physicians under Marijuana for Medical Purposes.
Aurora Cannabis Inc. (OTCQB: ACBFF) (TSX-V: ACB.V) struggled a bit trading on Wednesday, closing down over 5% on the OTC exchange and down over 4% on the TSX-V exchange. Aurora Cannabis announced this week that its proposal (the "Proposal") to acquire Peloton Pharmaceuticals Inc. ("Peloton"), a late-stage ACMPR-applicant, out of bankruptcy protection was approved by Peloton's creditors at a recent meeting (the "Creditor Meeting"). Peloton is constructing a 40,000 square foot cannabis production facility in Pointe Claire, Quebec, which received a "ready to build" letter from Health Canada in 2014.
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