Forbes beaten down MJ stocks
8 Hottest Publicly Traded Marijuana Companies
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1. Novus Acquisition & Development (+3,100%)
NDEV chart $0.014
This red-hot, Miami-based consulting company provides a medical cost-savings plan for people who’d like to receive alternative medical treatment — namely, cannabis. For less than $20 a month, subscribers receive steep discounts on the cost of their prescribed weed. Last month, Novus rolled out its Medplan benefits network to states where medical pot is legal, and hired another sector startup, organic grower TKO Organics, to grow and dispense its patients’ ganja in seven states.
Headlines
Shares Outstanding: 1.92M
Float: N/A
% Held by Insiders: N/A
% Held by Institutions: N/A
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2. Abattis Bioceuticals Corp . (+1,600%)
ABBTF chart $0.048
Hailing from Vancouver, B.C., Abattis provides cultivation systems, extraction equipment, and consulting services to growers. The company raised $3 million in private placements this year, and went on an acquisition spree. Abattis snapped up fertilizer formulas from one company, a majority interest in marijuana testing-lab Phytalytics, and a one-third stake in a payments company. Last month, though, Abattis filed suit against former Phytalytics executives, whom it alleges formed a rival company.
Headlines
Shares Outstanding 86.98M
Float: 65.50M
% Held by Insiders: N/A
% Held by Institutions: N/A
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3. United Cannabis Corp. (+1,025%)
CNAB chart $0.21
This cannabis consulting and product-making firm has been providing consulting to medical marijuana companies since California first allowed prescribed pot in 1999. United is seeking to patent a super-strong marijuana pill it’s developed. The Denver-based firm even snagged a consulting gig last month for Jamaican government officials contemplating decriminalization moves. (Who knew it wasn’t legal already?)
Headlines
Shares Outstanding: 44.99M
Float: 6.30M
% Held by Insiders: N/A
% Held by Institutions N/A
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4. Cannabis Sativa Inc . (+969%)
CBDS chart $0.70
Products maker Cannabis Sativa recently bought pot research and development firm Kush and named former two-term New Mexico governor Gary Johnson president and CEO of the merged company. Johnson, a sometime Libertarian party presidential candidate, is joined by chairman Steve Kubby, who’s been a Libertarian candidate for governor of California.
Cannabis Sativa markets its wares under the name “hi,” starting with its hi lozenges. Bet a lot of other pot startups will be wishing they grabbed that branding first, or their snappy slogan: “products of higher consciousness.”
Headlines
Shares Outstanding: 16.15M
Float: 3.73M
% Held by Insiders: N/A
% Held by Institutions: N/A
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5. mCig, Inc . (+244%)
MCIG chart $0.044
Seattle-area herbal cigarette and vaporizing-device maker mCig is adapting its pocket-sized technology for marijuana use. These devices have the advantage of allowing users to inhale the vaporized product, rather than lung-damaging smoke
Headlines
Shares Outstanding: 300.63M
Float: 292.85M
% Held by Insiders: 2.71%
% Held by Institutions: N/A
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6. Greengro Technologies (+225%)
GRNH chart $0.0461
In March, retailer Greengro of Anaheim, Calif., raised $875,000 in a private placement. The company acquired retailer Vertical Hydrogarden and reopened the store in March, as the first in a planned franchise chain. Greengro is also doing a multi-stage purchase of a construction company, for future expansion. As in most product industries, the retail side is huge — this is the biggest sector in Veridian’s marijuana-stock index.
Headlines
Shares Outstanding: 126.01M
Float: N/A
% Held by Insiders: N/A
% Held by Institutions: N/A
..................................................................................................................
7. TerraTech Corp . (+157%)
TRTC chart $0.093
This established Irvine, Calif.-based grower and retailer is moving into marijuana cultivation, and had the biggest fundraising of any public company in the sector, closing a $6.5 million debt facility in February. TerraTech is developing a research and cannabis extraction facility aimed at the medical marijuana market. The company is also collaborating with vaporizer firm Vaporin to create cannabis-product vending machines for the medical market.
Headlines
Shares Outstanding: 285.38M
Float: 273.08M
% Held by Insiders: 5.33%
% Held by Institutions: 0.10%
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8. Mentor Capital, Inc . (+155%)
MNTR chart $0.27
Silicon-Valley investment firm Mentor dates to 1985, but now it’s moving out of cancer cures and into marijuana. The company invests substantial stakes in cannabis companies, such as the $2 million in funding announced for industry marketing and research firm The Cannabis Advocacy Machine in June. Mentor also provided $100,000 in seed funding for Nevada Cannabis Ventures, which aims to be a first-mover in that state.
On the down side, Mentor last month filed suit against one marijuana edibles company, Bhang Chocolates, for the return of $1.5 million .
Headlines
Shares Outstanding: 16.02M
Float: 10.09M
% Held by Insiders: N/A
% Held by Institutions: N/A
............................................................................................................................
No doubt there’s massive consolidation ahead in all these varied sectors of the cannabis economy, as startups scramble for their piece of what is so far a modest-sized market. But if states continue to legalize and decriminalize, these early movers in the space are well-positioned to flourish.
8 Hottest Publicly Traded Marijuana Companies
.......................................................................................................................
1. Novus Acquisition & Development (+3,100%)
NDEV chart $0.014
This red-hot, Miami-based consulting company provides a medical cost-savings plan for people who’d like to receive alternative medical treatment — namely, cannabis. For less than $20 a month, subscribers receive steep discounts on the cost of their prescribed weed. Last month, Novus rolled out its Medplan benefits network to states where medical pot is legal, and hired another sector startup, organic grower TKO Organics, to grow and dispense its patients’ ganja in seven states.
Headlines
Shares Outstanding: 1.92M
Float: N/A
% Held by Insiders: N/A
% Held by Institutions: N/A
..........................................................................................................................
2. Abattis Bioceuticals Corp . (+1,600%)
ABBTF chart $0.048
Hailing from Vancouver, B.C., Abattis provides cultivation systems, extraction equipment, and consulting services to growers. The company raised $3 million in private placements this year, and went on an acquisition spree. Abattis snapped up fertilizer formulas from one company, a majority interest in marijuana testing-lab Phytalytics, and a one-third stake in a payments company. Last month, though, Abattis filed suit against former Phytalytics executives, whom it alleges formed a rival company.
Headlines
Shares Outstanding 86.98M
Float: 65.50M
% Held by Insiders: N/A
% Held by Institutions: N/A
......................................................................................................................
3. United Cannabis Corp. (+1,025%)
CNAB chart $0.21
This cannabis consulting and product-making firm has been providing consulting to medical marijuana companies since California first allowed prescribed pot in 1999. United is seeking to patent a super-strong marijuana pill it’s developed. The Denver-based firm even snagged a consulting gig last month for Jamaican government officials contemplating decriminalization moves. (Who knew it wasn’t legal already?)
Headlines
Shares Outstanding: 44.99M
Float: 6.30M
% Held by Insiders: N/A
% Held by Institutions N/A
.........................................................................................................................
4. Cannabis Sativa Inc . (+969%)
CBDS chart $0.70
Products maker Cannabis Sativa recently bought pot research and development firm Kush and named former two-term New Mexico governor Gary Johnson president and CEO of the merged company. Johnson, a sometime Libertarian party presidential candidate, is joined by chairman Steve Kubby, who’s been a Libertarian candidate for governor of California.
Cannabis Sativa markets its wares under the name “hi,” starting with its hi lozenges. Bet a lot of other pot startups will be wishing they grabbed that branding first, or their snappy slogan: “products of higher consciousness.”
Headlines
Shares Outstanding: 16.15M
Float: 3.73M
% Held by Insiders: N/A
% Held by Institutions: N/A
......................................................................................................................
5. mCig, Inc . (+244%)
MCIG chart $0.044
Seattle-area herbal cigarette and vaporizing-device maker mCig is adapting its pocket-sized technology for marijuana use. These devices have the advantage of allowing users to inhale the vaporized product, rather than lung-damaging smoke
Headlines
Shares Outstanding: 300.63M
Float: 292.85M
% Held by Insiders: 2.71%
% Held by Institutions: N/A
...................................................................................................................
6. Greengro Technologies (+225%)
GRNH chart $0.0461
In March, retailer Greengro of Anaheim, Calif., raised $875,000 in a private placement. The company acquired retailer Vertical Hydrogarden and reopened the store in March, as the first in a planned franchise chain. Greengro is also doing a multi-stage purchase of a construction company, for future expansion. As in most product industries, the retail side is huge — this is the biggest sector in Veridian’s marijuana-stock index.
Headlines
Shares Outstanding: 126.01M
Float: N/A
% Held by Insiders: N/A
% Held by Institutions: N/A
..................................................................................................................
7. TerraTech Corp . (+157%)
TRTC chart $0.093
This established Irvine, Calif.-based grower and retailer is moving into marijuana cultivation, and had the biggest fundraising of any public company in the sector, closing a $6.5 million debt facility in February. TerraTech is developing a research and cannabis extraction facility aimed at the medical marijuana market. The company is also collaborating with vaporizer firm Vaporin to create cannabis-product vending machines for the medical market.
Headlines
Shares Outstanding: 285.38M
Float: 273.08M
% Held by Insiders: 5.33%
% Held by Institutions: 0.10%
.....................................................................................................................
8. Mentor Capital, Inc . (+155%)
MNTR chart $0.27
Silicon-Valley investment firm Mentor dates to 1985, but now it’s moving out of cancer cures and into marijuana. The company invests substantial stakes in cannabis companies, such as the $2 million in funding announced for industry marketing and research firm The Cannabis Advocacy Machine in June. Mentor also provided $100,000 in seed funding for Nevada Cannabis Ventures, which aims to be a first-mover in that state.
On the down side, Mentor last month filed suit against one marijuana edibles company, Bhang Chocolates, for the return of $1.5 million .
Headlines
Shares Outstanding: 16.02M
Float: 10.09M
% Held by Insiders: N/A
% Held by Institutions: N/A
............................................................................................................................
No doubt there’s massive consolidation ahead in all these varied sectors of the cannabis economy, as startups scramble for their piece of what is so far a modest-sized market. But if states continue to legalize and decriminalize, these early movers in the space are well-positioned to flourish.
