Canada's Legal Cannabis Industry Provides an Excellent Opportunity for Investment
December 17, 2019 (Investorideas.com Newswire) The legal cannabis market in Canada has attracted over $1 billion in venture capital in 2019. This new market is growing exponentially, leading to plenty of opportunities for private placement investing. VC funding for the Canadian cannabis industry exceeded its 2018 numbers by May 2019. Some of the prime opportunities for investment in the market are companies dedicated to growing and distribution. Let's take a quick look at some cannabis companies expected to grow exponentially over the next five years.
Chuck Rifici is often called the "godfather of Canadian weed" for his involvement in the industry. Canopy Growth was one of the first companies licensed to produce and sell medical products. It is now the world's largest marijuana company thanks to an initial $100K investment. Rifici focuses mainly on Canadian licensed producers, but he is shifting some focus to product-based companies. Now that marijuana has been legalized, branding opportunities for consumer products will be the next battleground. Consumers have no brand expectations and so carving out a niche with brand names can be a significant growth opportunity for young companies.
Greenway is one of the largest marijuana growers in Canada. The company has plans to operate 2,276,000 square feet of greenhouse facilities operated by professional growers. One unique aspect of Greenway is its dedication to seed genetics. Greenway has 92 seed varieties in its proprietary seed bank. The company has also started a process to genetically map its seed bank to help develop the best strains for market and production. Greenway has already conducted one round of non-brokered private placement funding for up to 2 million shares. That private placement offering happened in August 2018. Now the company is seeking another opportunity to sell 7 million shares for $0.75 CDN.
Aurora Cannabis is one of the largest marijuana companies in Canada. The company has conducted several funding rounds, with a private placement opportunity announced in January 2019. Aurora is a highly diversified Canadian marijuana cultivator, distributor, and innovator. Out of all licensed Canadian producers, Aurora has the highest production capacity potential. It also has the broadest international appeal among Canadian marijuana companies. With Global cannabis sales expected to rise to $200 billion by 2030, Aurora Cannabis is worth a look.
TerrAscend focuses on products with cannabinoids in both the U.S. and Canada. It is also the first and only marijuana company to have sales in the U.S., Canada, and Europe. It has received EU GMP certification for its facility in Mississauga, ON. TerrAscend operates The Apothecarium, a cannabis dispensary chain with several locations in California and Nevada. The company also operates several sub-brands throughout Canada and the United States. Those brands include Arise Bioscience, Ilera Healthcare, Ascendant Laboratories, Solace RX Inc., and Valhalla Confections.
TerrAscend's presence in both Canada and the United States makes it a prime investment opportunity. Its brand catalog features several well-known cannabis brands in Canada and the United States. Offering branded products and running dispensary storefronts means TerrAscend's presence in the industry is very diversified.
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