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| MMJ Stocks like TRTC and MJNA Capitalize on New Banking Regulations |
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 Hot Stock to Watch
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Company: Medical Marijuana Inc. (Pink Sheets: MJNA)
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End of Day:
Price: 0.315
Change (%): + 0.02 (6.78)
Volume: 18,134,379 |
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Medical Marijuana Inc. Applauds the Progressive Guidance to Financial Institutions and Offers Strategic Insight
The U.S. Dept. of Justice and Dept. of the Treasury’s Financial Crimes Network Guidance to the Banking Industry Marks a Significant Milestone in Progressive Change for the Industry, Establishes Catalyst for Strategic Industry Expansion
SAN DIEGO, Feb. 18, 2014 (GLOBE NEWSWIRE) - Medical Marijuana Inc. (OTC Pink: MJNA) is pleased to offer appreciation and praise for the efforts of the Department of Justice and the United States Department of the Treasury in providing guidance to financial institutions wishing to provide services to cannabis-based businesses. The United States Department of the Treasury - Financial Crimes Network (FinCEN) along with the Department of Justice (DOJ), issued the press release FinCEN Issues Guidance to Financial Institutions on Marijuana Businesses, which establishes the framework and intent of the guidance.
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 Yesterday's Top Performer
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Company: Terra Tech Corp (OTCQB: TRTC)
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End of Day:
Price: 0.5445
Change (%): + 0.0758 (16.17)
Volume: 4,820,379 |
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About Terra Tech
Terra Tech Corp. (TRTC) through its wholly-owned subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. Our complete product line is available at specialty retailers throughout the United States, and via our website. Through its wholly-owned subsidiary Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as Shoprite, Fairway Markets and others throughout Massachusetts, New Hampshire, New Jersey, New York, Delaware, Maryland, Connecticut, and Pennsylvania.
Company Information Sheet |
Other Small Cap News
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Company: The Alkaline Water Company Inc. (OTCBB: WTER)
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Alkaline Water Co. Joins With Hy-Vee Stores to Increase Midwestern Product Placement
SCOTTSDALE, AZ--(Marketwired - Feb 18, 2014) - The Alkaline Water Company Inc. (OTCBB: WTER) (the "Company"), developers of an innovative state of the art proprietary electrolysis beverage process, packaged and sold in 3 liter and 1 gallon sizes under the trade name Alkaline88, is pleased to announce the commencement of Midwestern product distribution with Hy-Vee, Inc.
Steven Nickolas, President & CEO of The Alkaline Water Company, Inc., states, "Our announcement today is a great step forward and significantly increases our visibility across this important territory. I'd like to mention that this opportunity comes as a result of our growing relationship with KeHE Distributors LLC and we wish to thank them for their ongoing assistance and consistently high quality commitment to success."
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Company: The CannaBusiness Group, Inc. (Pink Sheets: CBGI)
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MWAR Changes Name, Symbol and Enters the Growing Billion Dollar Marijuana Industry
MISSION VIEJO, California, February 18, 2014 /PRNewswire/ -- The CannaBusiness Group, Inc. (OTC: CBGI) today announced that they have entered the growing Marijuana Industry and have changed their name as well as the trading symbol.
Their will be changes to the company's management to reflect the new direction and business plan of the company. As part of the first phase of the CBGI business plan, the Company will begin a strategic real estate acquisition, leasing, and management firm whose primary focus is on zoning issues. We acquire commercial property or land, and lease out the facilities for Agricultural, Industrial, Commercial and Retail, whether small or large scale clients.
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Market News
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By Deirdre Hughes: Hot Stock Minute
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STOCKS TO WATCH: JOSB, WTW, TSLA, AIG, KRFT
Among the early movers the Yahoo Finance team will be watching for you today: Joseph A. Bank (JOSB). The men's clothing retailer has agreed to acquire the Eddie Bauer clothing brand for 825 million dollars in cash and stock. This is just adding more fuel to the fire in Jos. A Bank's months long takeover battle with Men's Wearhouse. The deal is expected to immediately add to Jos. A Bank's earnings and the company said it now expects 2014 revenue to exceed 2.1 billion dollars.
Kraft Foods (KRFT) reported earnings after the bell yesterday that beat estimates by 0.93. Revenue grew 2.3% from the previous year though missed Wall Street estimates slightly. Kraft's profits were boosted in part by cost-cutting.
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By Corinne Gretler and Nick Taborek: Bloomberg
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U.S. Stocks Fluctuate as Forest Labs Deal Offsets Economy
U.S. stocks fluctuated, with the Standard & Poor’s 500 Index close to a record, as a 25 billion dollar deal to acquire Forest Laboratories Inc. offset slower-than-forecast growth in New York-area manufacturing.
Forest Laboratories surged 30 percent after Actavis Plc agreed to buy the maker of the Alzheimer’s drug Namenda. Coca-Cola Co. dropped 3.9 percent as fourth-quarter profit fell.
“Weaker economic numbers have been shrugged off,” Eric Green, director of research and fund manager at Penn Capital Management, said by phone. The Philadelphia-based firm oversees about 7 billion dollars. “It seems like the consensus view is that weather is a huge issue in the numbers. The outlook looks pretty benign right now. We can probably reach new highs in the near term in the equity markets.”
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