ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (CSE: PKG) (FSE: PT0) (OTC: PTNYF) is pleased to announce that it has formed a strategic partnership with Ontario based craft brewery Cowbell Brewing Co. ("Cowbell").

As part of the Company's national rollout strategy, ParcelPal is acquiring customers within the Ontario region in preparation for expansion, Cowbell being the first. Customers will be able to purchase product, track their purchase in real time and have their product delivered to any location they specify in under an hour.

National inventory levels of unfinished cannabis rose in April, potentially accentuating the risk of a glut of unsold legal marijuana in Canada that could wind up being worthless.

The total inventory of finished and unfinished dried cannabis held by cultivators, processors, distributors and retailers stood at 215,665 kilograms in April, approximately 24.4 times the amount of total sales in the month, according to data released by Health Canada late Tuesday. The total amount of finished dried cannabis products held in inventory at the end of April was 31,880 kilograms, up 3.5 per cent compared to March. 

According to a newly released report from the duo of Arcview Market Research and BDS Analytics titled "State of the Legal Cannabis Markets," global cannabis sales could grow in excess of 24% per year through 2024. After registering $10.9 billion in legal sales in 2018, Arcview and BDS have forecast more than $40 billion in worldwide weed sales in licensed stores by 2024. That makes cannabis one of the fastest-growing industries on the planet.

Pot stocks have managed to garner a large amount of attention in only a short period of time. With legislation in the U.S. and Canada working to reflect the desires of the public, it seems as though we may be living in the friendliest time to invest in cannabis stocks that have ever existed.

Shares of HEXO (TSX:HEXO) are down nearly 40% from the April high, and investors who missed the big rally to start the year are wondering if the pullback is an opportunity to start a new position in the popular marijuana stock.

Let’s take a look at the current situation to see if HEXO deserves to be on your buy list.

The marijuana industry is projected to grow exponentially within the next half-decade or so. While there are dozens of companies looking to profit from this growth, most will likely end up being duds. Investing in the right ones, however, could mean substantial gains in the coming years.

Let’s look at two cheap pot companies that are largely flying under the radar: Emerald Health Therapeutics (TSXV:EMH) and The Supreme Cannabis Company(TSX:FIRE).

Cannabis-infused beverages will make up 20% to 30% of the Canadian pot market and the joint venture between Molson Coors Brewing Co. and Hexo Corp. intends to be the leader in the segment, according to its chief executive officer.

Canada will allow beverages, along with edibles and other new formats, to be sold in legal dispensaries beginning in December. After legalization was originally limited to dried flower and oils, companies are now positioning themselves to take advantage of the new categories, which are expected to attract more consumer demand and generate higher margins.

The stock market has been doing well in 2019, and even for some of the best-performing stocks, there’s still an opportunity for investors to earn some good returns today. The three stocks listed below have risen significantly in value this year, but there’s still room for their share prices to climb even further.

U.S. CBD Market a Huge Opportunity for Pot Stocks

There’s no doubt a lot of hype surrounding the future of the marijuana industry in the U.S. But sometimes that hype can blind people to the progress being made right now, and with that progress comes lucrative opportunities for the savvy investor. The U.S. cannabidiol (CBD) market is fresh and growing, and we’re only beginning to see what that will mean for marijuana stocks.

While I’ve been covering this prospect for a while now—ever since the U.S. legalized CBD, so in 2019, for all intents and purposes—but we’re starting to see some real movement on this front.

HEXO Corp. (NYSE:HEXO), the Canadian cannabis company, is in a tailspin. HEXO stock price is down about 20% this month, more than triple the June decline of the ETFMG Alternative Harvest ETF (NYSEARCA:MJ). The June swoon has HEXO stock price about 35% below its 52-week high, more than enough to officially put the marijuana stock in a bear market.