The cannabis market has remained extremely lucrative over the course of the past several years, but with the changing tide on legislation and the public perception of the substance, it seems as though the market is continuing to grow with a massive amount of ferocity toward the future. More and more marijuana stocks are beginning to infiltrate the U.S. stock market which is helping to bring in more capital that is, in turn, building the market to greater depths than anyone could ever have imagined.
One of the stocks that many have been watching has been Beleave Inc. (OTC:BLEVF). Beleave is another one of the Canadian companies that has been working to move to the forefront of the industry in recent times. The stock has been working to consolidate, but there has also been a lot of cash that has continued to build on their balance sheet. The company also just announced that they acquired a 51% stake of the company Procannmed. According to one report, the company is “a privately held company that is fully licensed for the cultivation, production, extraction, and distribution of both tetrahydrocannabinol (THC) and cannabidiol (CBD) medical cannabis in Colombia.” The report continues to state that “The other 49% ownership was retained by the Colombian based operator ITRUST HOLDINGS S.A.S. These licenses enable the propagation of the full range of cannabis varieties and further enable Procannmed to develop a complete offering of standardized, medicinal-grade formulations.” Partnerships like these have continued to fuel growth in the market as acquisitions bring in more capital overall.
The marijuana market as a whole has raised around $4.3 billion during the first half of this year in capital. This has led to more growth in the space as companies are able to continue building their businesses.
The company Aurora Cannabis (TSE:ACB), is another one of the big players in the market that has been making waves since day one. The company recently completed a $1.1 billion acquisition of CanniMed as well as their $2.5 billion purchase of the company MedReleaf. Both of these acquisitions have helped to build Aurora up to where they are working to be as one of the largest cannabis companies in the world. The company has also benefitted greatly from the growing cannabis market in Canada now that weed is scheduled to be recreationally legal as soon as October 17th. According to one report “the recreational cannabis market in Canada could be valued at anywhere between $5 billion and $10 billion per year.” This makes any stock that is able to take advantage of this growth, positioned correctly in the industry. According to one report on Aurora “The P/S multiple in this industry has been considerably high, given the tremendous growth expected in the coming years. Investors have been willing to buy the shares of pot stocks at significant premiums, with other companies in the space garnering P/S multiples touching 100.” All of this combines to show a large amount of promise for Aurora in the near future.
The cannabis industry as a whole has been growing toward the course of the next several years. The hopes are high that in the near future, companies will begin to reach their full potential as the laws begin to change and the public perception of cannabis has also been changing toward the better. Only time will tell how the market will grow throughout Canada, the U.S. and beyond.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC, Midam Ventures LLC and Beleave Inc., Midam has been paid $200,000 from the company and ZERO shares of Beleave Inc. for a duration of 6 weeks beginning June 18, 2018 and ending July 31, 2018 NOW EXTENDED TO 8/10/2018. We may buy or sell additional shares of (BLEVF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Full Disclaimer Here
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