The cannabis industry has been attracting large swaths of investors over the course of the past several months to years. As companies continue to innovate in the space, and investors continue to become more and more comfortable with investing in cannabis, it seems as though the industry as a whole is poised to take off in the near future.
The company Aphria (NASDAQOTH:APHQF) has continued to be one of the larger players in the cannabis space. The company has any incredibly large and skyrocketing amount of potential given the state of recreational cannabis in Canada and where it could potentially go after it officially hits the market on October 17th. The other potential aspect of growth for the company is the fact that they are working to continue exporting cannabis around the world in markets such as Germany and beyond. According to one report on their domestic business, “The company has signed retail cannabis supply agreements with five provinces so far — Alberta, British Columbia, Manitoba, New Brunswick, and Quebec. Aphria also lined up Great North Distributors, a subsidiary of large wine and spirits distributor Southern Glazer’s, as its exclusive retail cannabis distributor in Canada.” Having these large distribution channels has been one of the primary reasons for growth in the space, and Aphria continues to be poised to continue their uptrend in the near future.
The next company on the list, and one that has remained relatively underground for some time now has been Supreme Cannabis (NASDAQOTH:SPRWF) The company did manage to see a little bit of a rough patch during the beginning of the year, but the hopes are that it will begin to shoot up once again after the premise of recreational cannabis hits the industry in October. The company has worked to sign agreements with three provinces in Canada; Alberta, British Columbia and Manitoba. According to one report regarding Surpeme Cannabis’ global propositions, “Supreme Cannabis has been active on that front as well. In March, the company bought a stake in Medigrow Lesotho and formed a global cannabis oil distribution partnership with the Lesotho-based marijuana grower. This deal puts Supreme Cannabis in a good position to enter the market in neighboring South Africa if and when the country finalizes the legalization of medical marijuana.” Many companies in the space have been working to gain these international ties as they have been producing more and more cannabis to export across these markets.
The last company and one that is also relatively underground up until this point is the company Leafbuyer Technologies Inc. (LBUY). Leafbuyer has been working as one of the main resources for cannabis consumers and producers alike. As an online database of various facts regarding strains and places to purchase cannabis, Leafbuyer has been working to get to the top of a very competitive online space for cannabis. The company has seen massive increases in its web traffic as well which has also contributed to the reason that so many individuals have been watching Leafbuyer in the past few months.
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