The cannabis market has been booming for some time now as legalization effects take over and the public perception of cannabis continues to change. Several stocks have managed to move to the forefront of the industry amidst these changing regulations, and things continue to look up as the industry moves forward.
The company Aphria (APHQF) has been one of the primary players in the cannabis space for some time now as one of the largest growers of cannabis domestically in Canada. With the recreational market set too open as soon as October 17th, it seems as though Aphria is poised perfectly to take advantage of this growing space. Many have stated that the company is a strong buy due to the fact that they have one of the largest amounts of exposure to the market as a whole, and continuously provide new information for investors to look at.The company has stated that they already have the ability to produce as much as 35,000 kilograms of cannabis per year which is slated to increase greatly in the coming months. The company has stated that this amount of production capacity could potentially grow to as much as 255,000 kilograms by the end of next year. The company already also has agreements for supplying all 10 Canadian provinces with cannabis in addition to the Yukon Territory.
Aphria has also been working to build their relationships with large alcohol producers as many other big companies in the cannabis space have done as well. Aphria has been eyed by many of these large producers in the past few months which means that this could become even more enticing for investors as time moves on. In addition to all of this, the company has stated that they have plans and a large amount of interest into moving into the international space on cannabis in countries such as Germany and Latin America. This could help them with any overproduction issues as well as increase their demand overall.
The company MedMen (OTH:MMNFF) has been key player in the sales of cannabis but in a different way than many others. The company has been working to build high end cannabis retail stores and has been doing so throughout the U.S. market. The company also recently stated that they have teamed up with the large Canadian cannabis company, Cronos Group (NASDAQ:CRON) to create a joint venture. MedMen has a large amount of exposure to California which is stated to be the largest cannabis market in the world. In addition to this, the company has been working to build their per square foot revenue as it has continuously been one of the largest of any retail store marijuana or not. The hopes are high that MedMen can continue their reign on the cannabis industry into the future of the market.
Only time will tell how the cannabis space can continue to fair amidst large competition and innovation that is occurring on a daily basis. The hopes are high that the companies mentioned among others can move forward as the future continues to be fair to the cannabis industry.
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