The cannabis market has continued to astound investors with its high return rates and massive amount of innovation toward the future. Many companies have managed to move to the forefront of the industry as the space continues to grow with new investments coming in from around the world. Much of the anticipation filling the space currently is coming from the impending sale of recreational cannabis throughout Canada. This is scheduled to begin as soon as October 17th, which means that now is a better time than ever to take a look at cannabis.
One of the companies that many investors have been watching in the pure-play cannabis space has been the company CannTrust Holdings (NASDAQOTH:CNNTF). The company has been working to grow cannabis for sale domestically in Canada and has been moving toward owning a larger part of the market share as time goes on. The company has also stated that they aim to become one of the most cost-efficient ways to grow cannabis in the near future which means that margins could remain quite high. According to one report “CannTrust’s big project at the moment is the expansion of its flagship Niagara Greenhouse facility. When complete, it’ll span around 1 million square feet and should allow CannTrust to join the relatively elite 100,000 kilogram-and-up annual production club.” This amount of production puts CannTrust in the highest tier of growers for cannabis. Coupled with a massive amount of exposure to one of the largest cannabis markets on earth, CannTrust remains one of the companies to watch in the near future.
The next company on the list and one that should come as no surprise is the powerhouse Canopy Growth Corp. (NYSE:CGC). Canopy Growth has continued to be the largest grower of cannabis in the world and has been working with as much as 2.4 million square feet of licensed production space. The company has also stated that they aim to almost double this in the near future. In recent news, Canopy has continued to enter into a deal with the company Constellation Brands (NYSE:STZ) as the latter recently invested almost $4 billion into Canopy. This deal marked the largest investment in the history of the market and continues to show a high amount of investor confidence in the growing cannabis space. For a long time, many investors have been weary about investing in cannabis as it has been looked at as a taboo market. In recent times however, these new investments have continued to bring in outside investors who otherwise wouldn’t feel comfortable in the space.
The last company on the list is one of the smaller guys in terms of market cap, but one that should not be overlooked for its size. Integrated Cannabis (CSE:ICAN) has been working to help make products for sale in the cannabis market. Their new product is a line of cannabis and CBD infused sprays which will help with a wide variety of ailments. According to the company ICAN “is pleased to announce the completion of a market ready Tetrahydrocannabinol (THC)-infused spray product and the required licensure for manufacturing of the product in Colorado.”
The cannabis market as a whole has continued to be one of the most exciting spaces of the modern day. The hopes are high that the industry can continue to be fueled by new investments and innovation in the space as time goes on.
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