C.MPX Bioceuticals Leading United States Marijuana Company MPX: A Leading United States Marijuana Company
MPX Bioceutical (MPX.CN) (MPXEF) jumped more than 20% higher on Friday and we remain bullish on MPX and continue to see upside to current levels as the company continues to execute flawlessly on growth initiatives.
Earlier this month, MPX opened another Health for Life medical marijuana dispensary in Phoenix. This opening increased the number of dispensaries under MPX management in Arizona’s Sun Valley to four.
MPX also has significant leverage to the burgeoning recreational and medical marijuana market in Nevada and we are bullish on their position within this market. Nevada has been one of the hottest markets since the state legalized recreational marijuana and we expect MPX to report very strong numbers going forward.
MPX also owns assets in Massachusetts supporting cultivation, production and up to three dispensaries, and with the closing of this recent transaction, MPX manages three full service dispensaries and one producer in Maryland. The company also leases a property in Owen Sound, Ontario, for which an application to Health Canada has been made for a cannabis production and sales license. This is a company that is ready to rally if Donald Trump stands by his promise to support states’ rights.