The Hydroponics Company Ltd.’s stock is under pressure after July 2018 Presentation

cannabis

Recent Updates: The Hydroponics Company Ltd (ASX: THC), is a small cap company having market capitalization of $74.8 million. THC stock fell 2.50% on July 25, 2018 after the company gave presentation for July 2018. THC for Hydroponics has executed European distribution agreement, Canadian distribution agreement for expansion into BC and Due Diligence on proposed quality US acquisition is progressing. The company has recently acquired production facility in Queensland which has $16.68 million combined asset

value in Balance Sheet. The replacement value is more than $30 million. The company is targeting to export GMP pharmaceutical product in Q2 2019. Research grade GMP pharmaceutical cannabis for Australia is planned for Q1 2019. Moreover, THC has Strategic Partnership with Ascent Industries Corp, Canada. The company is in negotiation for Offtake agreement to supply pharmaceutical grade CBD product to Ascent. The Collaboration agreement is required to be formally signed for joint development of CBD and THC medicines Information exchange on medicinal cannabis markets in Australia, Canada & internationally (including cannabis extracts and their medicinal applications). Meanwhile, THC stock has fallen 11.76% in three months as on July 24, 2018.

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6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

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