HOUSTON, TX / ACCESSWIRE / January 8, 2019 / While recreational marijuana has been legal in Canada since October 2018, some companies have been left in limbo as
they wait for regulations on cannabis edibles, topicals and extracts.
However, that's expected to change later this year.
Once Health Canada finalizes its proposal on regulations, such cannabis products will be permitted for sale under The Cannabis
Act no later than October 17, 2019.
Three of the leading cannabis stocks to watch on this developing story include The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF), Aurora Cannabis Inc. (NYSE: ACB) and HEXO Corporation (TSX: HEXO) (OTC PINK: HYYDF).
The Yield Growth Corp's (BOSS) (BOSQF) hemp-based wellness brands could very well be
disruptive to several sectors, including wellness, makeup and leisure for example. The company just announced that it has engaged
Incanco Cannabis to develop plans and prepare applications for a micro-processing license, a research license and a medical sales
license under The Cannabis Act for Yield Growth and its subsidiaries. Yield Growth plans to apply for these licenses so it can
legally infuse its full line of wellness products with CBD and THC and sell them in
Canada.
Furthermore, thanks to increased demand for its hemp root oil, which just became decriminalized under the Cannabis Act in Canada
and the 2018 U.S. Farm Bill, The Yield Growth Corp. has plans to build out its commercial
production facility this year.
At the moment, The Yield Growth subsidiaries are developing and manufacturing personal care products containing hemp root oil and various cannabinoids. The Yield Growth intends to obtain necessary licenses to
process cannabis and manufacture cannabis products in multiple jurisdictions where such products can be sold.
For More Information on The Yield Growth Corp. (BOSS.CN), Click Here.
Aurora Cannabis (ACB) is quickly taking advantage of the wellness benefits of CBD, as
well. In September 2018, Aurora acquired Europe's largest producer, processor and supplier of organic hemp and hemp products,
Agropro UAB, and hemp processor and distributor Borela UAB. All as Aurora seeks to extract, refine and produce organic hemp biomass
into a number of CBD-based wellness products.
The company also made headlines in December 2018 after announcing it entered into an agreement to invest $10 million through a
brokered private placement in High Tide Inc., a private cannabis and lifestyle accessories retailer.
"In addition to four operational cannabis retail stores, High Tide has developed a broad network of smoking accessories and
cannabis lifestyle stores that feature unique products, supported by strong branding that has resonated well with Canadian
consumers," said Terry Booth, CEO of Aurora. "Through our investment, we gain exposure to two unique retail store concepts
currently launching across Canada, as well as established cannabis culture brands and thousands of proprietary accessories. We look
forward to working with the team at High Tide and supporting them as they execute on their aggressive growth strategy.''
For More Information on Aurora Cannabis, Click Here.
Another likely beneficiary is HEXO Corporation (HEXO), which has been rallying since
announcing it applied for listing on the NYSE.
Upon approval, HEXO Corporation will trade on the NYSE American under ticker symbol "HEXO", the same symbol the Company's common
shares on the Canadian exchange. HEXO shares will also continue to trade on the OTC PINK under the ticker symbol "HYYDF" until
completion of the NYSE American listing.
The company also just closed a joint venture transaction with Molson Coors for opportunities in the cannabis-infused beverage
market, which could benefit from Health Canada's coming decision, as well. The company is also set to be a top 10 cannabis producer
by annual output this year, with an estimated 108,000 kilograms at peak capacity.
For More Information on HEXO Corporation, Click Here.
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements
that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results,
performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and
does not provide nor claims to provide investment advice or recommendations to readers of this release.
For making specific investment decisions, readers should seek their own advice. Winning Media, which has a partnership with
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compensation. Pursuant to an agreement between Winning Media (partners of MarijuanaStox.com) and The Yield Growth Corp, Winning
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