Legalization of marijuana for recreational purposes in Canada and the increasing number of US states permitting the use of cannabis for medical and recreational use are responsible for the continuous expansion of the marijuana market. As new markets become more spectacular, growth possibilities are attractive. Let us have a look at some of the best cannabis stocks that include companies listed in the US and Canada exchanges.
A licensed Colombia-based weed producer which recently began trading on the Canadian Securities Exchange, Blueberries Medical offers eye-catching leverage to the American cannabis market. It has been producing flawlessly to great expansion and recently acquired a large property near its existing facility for the cultivation of flowers. It also plans to build a huge marijuana production facility on the property.
This Canadian company involved in the extraction and purification of cannabis, MediPharm Labs provides one of the best opportunities in the cannabis market for investors. It has been generating huge revenues since the federal sales license is issued. Right in the first month after the issuance, the company generated a revenue of over $10 million. It has also announced to be supplying cannabis concentrates to an Australian pharmaceutical marijuana company, AusCann.
A Canadian marijuana company works on cultivation, research, development and operates medical cannabis clinics. Aleafia Health recently acquired the Canadian producer Emblem at 173 million CAD to expand its network of marijuana clinic to 40 clinics and education centers. It is the center of major expansion and has been advancing its fundamentals through acquisitions and growth initiatives. It has a strong balance sheet that depicts the company’s abilities to expand.
One of the biggest licensed medical marijuana producers based in Canada, Aurora Cannabis is another top Stock in Cannabis ato watch out for. It owns about 20 percent of the Canadian market and has flags planted across the entire place. The company has been spending too much but has the best infrastructure in the international supply chain. Aurora Cannabis works across 22 countries in five continents and holds a stake in many companies.
A California-based manufacturer and distributor of Cannabis edibles, Plus Products has listed its shares on the CSE in 2018. The U.S market is the marijuana market with the best growth potential and has many leading players trading at a discount. Investors are interested in Cannabis Stocks of the most funded U.S companies with the biggest footprints. Such companies have advantages like early moving in the newly legal states like Michigan, Florida and Maryland and the states which are yet to legalize weed such as New York.
Green Organic Dutchman Holdings
A popular organic marijuana producer, Green Organic Dutchman started trading on the Toronto Stock Exchange in May last year after raising about $100 million from its initial public offering. It has undertaken the construction of numerous cultivation and processing facilities in Europe, Canada and the Carribean and has planned to develop a huge research and development center for newer products like CBD-infused beverages. Green Organic Dutchman is one of the biggest licensed producers of completely certified organic marijuana in Canada with reduced energy costs resulting from its partnership with a power management company.
Early weed investors and business minds are positioning themselves in the world of psychedelic medicine as the flow of smart money hits the market. Shrooms in Canada has grabbed the lion’s share of headlines recently, thanks to many positive legislative developments. The potential market for these psychedelic mushrooms could be worth many billions of dollars, which already has big pharma companies worried.