Last week, cannabis stocks rallied off their lows and this comes as companies continue to execute and advance. Over the last quarter, the cannabis sector has been trading lower and we are monitoring the recent price movements.

Although this weakness is concerning, we remain bullish on the long-term outlook and are monitoring how these companies continue to execute. Today, we highlighted three important company updates that we believe investors need to be aware of.

Although the United States marijuana opportunity is massive, the Federal government is holding back this multi-billion market. While the stance as well as commentary regarding this market have improved, cannabis stocks have been relatively quiet. 

NEW YORK and TORONTO, April 30, 2018 /CNW/ - iAnthus Capital Holdings, Inc.

Cannabis stocks surged higher on Friday and this comes after President Donald Trump promised to support states’ rights, especially when it comes to legal marijuana.

This is a major catalyst for the United States legal marijuana industry and we are very excited by this show of support. Cannabis stocks traded higher on strong volume and this is a trend that investors need to keep an eye on.

Future Farm Technologies Inc. (the "Company" or "Future Farm") (CSE: FFT) (OTCQB: FFRMF) is pleased to announce it has entered into a lease agreement for an initial 12,960 sq. ft. of space in a 60,000 sq. ft. building, with an option to expand and or buy the building. The property is perfectly suited for the cultivation and processing of hemp into CBD oil, as it has high ceilings for vertical growing, a turnkey commercial kitchen and 1,600-amp, 480-Volt 3 phase electric systems.

Cannabis Wheaton Income Corp. (d/b/a Wheaton Income) (TSX-V:CBW) ("Wheaton Income" or "Wheaton" or the "Company") is pleased to announce that it has entered into a binding interim agreement (the “Agreement”) with Inverell S.A. (“Inverell”), pursuant to which Wheaton will purchase 80% of the issued and outstanding common shares on a fully diluted basis of Inverell.