With legalization for recreational use being voted on in five U.S states next week, the Canadian marijuana stocks on our list could get a boost
SmallCapPower | November 4, 2016: Arizona, California, Maine, Massachusetts and Nevada are the five states voting on the legalization of marijuana for recreational use next week, while Arkansas, Florida, North Dakota, and Montana are voting on legalization for medical use. With the four Canadian marijuana stocks on our list already benefitted heavily from legalization talk in Canada, these names could get another bump next week even if just one of those states votes in favour.
Liberty Leaf Holdings Ltd. (CSE:LIB) – $0.21
Liberty Leaf Holdings Ltd, formerly Weststar Resources Corp, is a Canada-based company, which focuses on the medicinal cannabis industry.
- Market Cap: 14.41(mm)
- YTD Price PCT Change: 950.0%
THC Biomed Intl Ltd. (CSE:THC) – $0.93
THC BioMed Intl Ltd., formerly Thelon Capital Ltd., is a Canada-based development-stage company. The Company is engaged in the research and development, plant innovation and life sciences. It offers Seeds R Us services as well as a range of consulting services, such as application review, standard operating procedures and acting liaison services, for licensed producer applicants. It also offers other services, such as quality assurance training, horticulture training, simulated inspections, physical security plans, and analytical services. THC Meds Inc. intends to distribute medical marijuana to the general public.
- Market Cap: 93.70(mm)
- YTD Price PCT Change: 878.9%
Lifestyle Delivery Systems Inc. (CSE:LDS) – $0.87
Lifestyle Delivery Systems Inc., formerly Kariana Resources Inc. (Kariana), is a Canada-based company, which is engaged in development and licensing of technologies that produce oral delivery systems. The Company’s oral delivery systems can be used for energy elixirs, herbal remedies and a smokeless alternative option to medicinal and recreational users of cannabis. Canna Delivery Systems Inc. is the Company’s subsidiary. The Company has not generated any revenue.
- Market Cap: 39.48(mm)
- YTD Price PCT Change: 690.9%
Alliance Growers Corp. (CSE:ACG) – $0.19
Alliance Growers Corp. is a Canada-based company, which focuses on providing medical marijuana. The Company has interests in cannabis production facilities, medical marijuana-related technologies, and laboratory testing services either through direct ownership or joint venture agreements. The Company’s wholly owned subsidiary is Amalco. The Company has not generated any revenue.
- Market Cap: 6.11(mm)
- YTD Price PCT Change: 640.0%