Over the last few months, the growth of marijuana stocks’ market caps have gained significant investor attention. The steep rise seen in most marijuana stocks have lured even the most skeptical investors into the space. The anticipation that has surrounded Canada’s legalizing of recreational cannabis had a large impact on enhancing the appeal of the sector.
In 2017, nearly 5 million Canadians between the ages of 15 to 64 spent an estimated $5.7 billion on cannabis for both medical and non-medical purposes. This estimate was equivalent to around $1,200 per cannabis consumer, according to CannabisBusinessPlans. Now that the nation has given pot the green light for adult-use recreational purposes, these numbers should see a significant increase.
“The Canadian government projects that 450,000 customers a day would participate in Canadians cannabis market, making recreational cannabis in Canada a $900 million industry. The Canadian marijuana market also is expected to see rapid growth, with the number of cannabis users growing by more than a half million people within the first three years of legal cannabis sales in the country. It’s expected that 98 percent of all cannabis sales would come from Canadians who would consumer cannabis at least once per week, if not daily,” according to the report.
With many investors placing bets on the rapidly growing cannabis industry, here are the marijuana stocks investors should be following.
Integrated Cannabis develops, manufactures, and distributes botanically-based consumable products; offering a line of hemp-based CBD, and a THC, nutraceutical infused products under the X-SPRAYS brand. Most recently, the company announced signing a Letter of Intent to acquire all issued and outstanding securities of Colorado-based cannabis leader Critical Mass Industries, LLC, which has over 100 elite cannabis strains and its team will be used by Integrated Cannabis to begin new verticals domestically and internationally.
The company entered into a retail focused collaboration with New Age Farm, Inc. (NF) (NWGFF) to deliver innovative CBD products and education through this fall through pop-up stores in the Denver market. This news followed the announcement that a Letter of Intent was completed for distribution of X-SPRAY products throughout the clinics and doctors’ offices of Empower Clinics Inc. (CSE:EPW) as well as a Letter of Agreement for collaboration on X-SPRAYS products for the Canadian markets with GTEC Holdings Ltd, (GTEC) (GGTTF) a Canadian ACMPR-Licensed Producer.
Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. The company’s focus, aside from servicing the Canadian market has been on expanding globally. Canopy has distribution agreements in three countries -Germany, the Czech Republic and Australia – as well as research centers in Brazil and Australia. Canopy is also exporting cannabis to five countries, including the U.S. for clinical trials. In total, the company has operations in 11 countries on five continents.
Canopy Growth recently announced entering into an agreement to acquire the assets of ebbu, Inc., an Evergreen, Colorado -based hemp research company. The transaction will complement and accelerate multiple core verticals operating under Canopy Growth’s group of companies.
“Beyond the technological edge this transaction provides, we are pursuing this acquisition because Canopy shares ebbu’s core ethos of building consumer trust,” said Mark Zekulin , Co-CEO & President. “We collectively believe consumer trust is achieved by driving the scientific agenda needed to build predictable, repeatable outcomes and layering on brand power.”
Aurora is vertically integrated and horizontally diversified from facility engineering and design, breeding and genetics research, cannabis and hemp production, and distribution. This morning, Aurora officially began trading its common shares on the New York Stock Exchange at the open.
“Through our NYSE listing, Aurora joins an established group of mature global brands with improved access and exposure to an engaged international institutional investor audience,” commented CEO Terry Booth.
Aurora recently launched sales for a new innovative, high-potency, vape-ready CBD oil product line, under the brand Aurora Cloud. The product line is the first released to contain over 550mg of CBD and less than 30mg of THC, and the only vape-ready CBD products that are legally available in Canada.
Tilray Inc. (TLRY)
Tilray is a global pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids currently serving tens of thousands of patients in twelve countries spanning five continents. The company recently announced that is has sold $450 million in convertible debt to “qualified institutional buyers” in the U.S. and Canada. The company said it plans to use the money to repay its mortgage on its facility in Nanaimo, British Columbia, and use the cash for working capital, and future acquisitions, among other things. Tilray said it netted roughly $435 million after the purchasers’ discount and expenses related to the transaction.
Most recently, a subsidiary of Tilray, High Park Holdings, unveiled a broad-based portfolio of cannabis brands including three new, original brands exclusive to the Canadian adult-use market prior to legalization: Canaca™, Dubon™ and YukonRove .
Small Cap Reporter is an affiliate of Midam Ventures LLC. Pursuant to an agreement between Midam Ventures LLC and Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 2 months beginning September 4, 2018, and ending March 9, 2019. This payment has been increased to $75,000 per month for the period of November 4 2018 and ending March 9, 2019. Midam owns ZERO shares of Integrated Cannabis Company. Midam may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. MAPH owns zero shares. Click here for full Midam disclaimer.</p>