These top five cannabis stock picks jumped ahead today and had relatively strong trading session compared to others in the sector. Some had news – where indicated – while others did not.
Novus Acquisition & Development Corp. (OTC: NDEV) the biggest gainer in the sector – Up a fully 29.63% at the close. Earlier – the stock was up as much as 55%.
Novus is comprised of seasoned Wall Street veterans that have focused its business model in the healthcare portion of the medical cannabis industry. Management and its proposed future Board of Directors areas of expertise will diversify in Healthcare, Physicians Education, Pharma R&D, Compliance and Business Development. NDEV will work as an outside developer’s and since MMJ is not Federally approved it will not cultivate, handle, transport grow, extract, dispense put up for sale, put on the market, vend, deliver, supply, circulate, trade, cannabis or any substances that violates the United States law or the Controlled Substances Act, nor does it intend to do so in the future and will continue to follow state and federal laws.
Vaporin, Inc. (OTCBB/OTCQB: VAPO) Closed up today 5.71% on volume of 150k.
Vaporin, Inc. (OTCQB: VAPO), a distributor and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products, today announced its entry into the medical cannabis industry through an exclusive distribution agreement with Terra Tech Corp. (OTCQB: TRTC) (“Terra Tech”). Vaporin and Terra Tech have entered into an exclusive distribution agreement whereby Terra Tech will purchase the Company’s proprietary vaporizer products for resale throughout their cannabis dispensary network in California, Colorado, Washington and Oregon. According to the California State Board of Equalization, there are an estimated 500 marijuana clubs/dispensaries in California that generate an estimated $2 billion in revenue annually. Medical Marijuana has been legalized in 22 states.
Advanced Cannabis Solutions, Inc. (OTC: CANN) Closed up today 5.05% on light volume.
News Today:
Advanced Cannabis Solutions Names Michael Feinsod Executive Chairman Monday, August 4, 2014
About the Company:
Advanced Cannabis Solutions, Inc. provides services to the regulated cannabis industry throughout the United States. We will lease growing space and related facilities (commercial real estate and equipment) to licensed marijuana business operators for their production needs. We are pursuing ancillary business products and services including customized finance, capital formation, banking, regulatory compliance consulting and advanced logistical support for grow operations. ACS does not grow, harvest, distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.
Enertopia Corp. (OTCQB: ENRT) Closed up today almost 4% on modest volume.
Enertopia Corporation is a jr. public company focused on the production, cultivation and selling of Medical Marihuana (MMJ) under the new Canadian Federal Government MMPR Program. Enertopia currently owns an interest in 3 separate medical marihuana grow facilities in various locations and stages of development in Canada.
Medbox, Inc. (OTCQB: MDBX) – Closed up today on modest volume. Closing price $14.34, but from Friday’s close of $14.19.
Medbox, Inc. (“MDBX” or the “Company”) is the leading dispensary infrastructure and licensing specialist, patented technology provider, and partner to the cannabis industry. Headquartered in Los Angeles, CA, Medbox, through its wholly owned subsidiary, Medicine Dispensing Systems, offers its patented systems, software and consulting services to pharmacies, alternative medicine dispensaries and local governments in the U.S. In addition, through its wholly owned subsidiary, Vaporfection International, Inc. (www.vaporfection.com), the company offers an industry award winning medical vaporizer product. Medbox, through its newly established subsidiaries, is developing the following ancillary services tailored to the alternative medicine industry: merchant services and armored transport for cash deposits, cannabidiol research and development, real estate acquisitions and subsequent lease programs to alternative medicine dispensaries, and alternative medicine dispensary management services.