The cannabis industry has remained very successful over the course of the past several months, but new data has shown that August once again is another great period of growth for such a fast-paced industry. The cannabis industry continues to be fueled by new investments into the space and the changing public perception of cannabis which are all contributing to the market growing as a whole.
According to one report, the past month or so has been one of the largest rallies in the industry overall, with much of the excitement coming from the large deal being undertaken by Constellation Brands (NYSE:STZ) and the company Canopy Growth (NYSE:CGC). This deal is noted as the largest in the industry up until this point and should also be noted that it is the third investment by the former into Canopy. The investment comes at a time when many large alcohol distributors and producers have been looking to find a way into the cannabis sector. They have been working at this not only due to the massive amount of potential for growth in the space but due to the fact that there is a large amount of hope behind cannabis-infused beverages and the role that alcohol companies can play in the dissemination of such.
According to one index that tracks the top stocks in the industry, “Hiku Brands (CSE: HIKU) (OTC: DJACF), which is merging with Canopy Growth in an all-stock deal, benefited from the Canopy Growth performance. Despite coming under attack from Citron Research, Cronos Group (TSX: CRON) (NASDAQ: CRON) managed to post a 63% gain. Most of the other top performers were Canadian LPs as well.” The Cronos Group has been another one of the players in the cannabis space that has been benefitting greatly from the introduction of alcohol companies into cannabis, and it is continuing to look up.
The company GTEC Holdings, Inc. (GGTTF) is another one of the big players in the cannabis space, but one that has a relatively smaller market cap when compared to some of the larger guys. According to one report “GTEC Holdings is a venture capital firm whose mandate is to identify and consolidate licensed producers of craft cannabis brands and products. GTEC plans on monopolizing this niche market and become the go-to purveyor of the retail market in Canada – and internationally.” The company has been working to produce a variety of products for sale throughout the cannabis market, and has since seen upwards of $65 million in capital poured into the company. The company is also led by two seasoned marijuana visionaries in the space, and many investors are looking at them for the future of the company.
All in all, the cannabis space remains incredibly interesting and lucrative to watch as we move toward the future. The hopes are high that these companies can continue their reign toward the top of the space.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC, Midam Ventures LLC, and GTEC Holdings, Inc., Midam has been paid $63,333 cash per month from the company and ZERO shares of GTEC Holdings, Inc. for a duration beginning 07/10/2018 & ending 07/10/2019. We may buy or sell additional shares of (GGTTF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. As of September 5, 2018 a member of MAPH Enterprises LLC holds 5 Call Options Of Canopy Growth (CGC) expiring on October 19.These may be sold at any point. This disclaimer will be updated at such time. As of September 5, 2018 a member of MAPH Enterprises LLC holds 15 Call Options of Cronos Group (CRON) Expiring October 19.These may be sold at any point. This disclaimer will be updated at such time.
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1 comment
I need to buy some Marijuana stocks which will give a lot of money in near future.
Let me know how and which ones to buy?