The marijuana stock industry has been booming in recent times with massive investments coming in from all around the space. With all of the news of legalization and a friendly investor environment, it seems as though now is a better time than ever to take a look at the world of cannabis financials. Marijuana has made a name for itself across several different markets with everything from biotech to packaging being a play for marijuana. All of this has resulted in an incredibly diverse way to invest in the space, but that doesn’t mean it comes without risks. Marijuana has traditionally been considered to be quite speculative due to the infancy of the market, but speculative trading has been noted as a positive for some investors.
GTEC Holdings, Inc. (GGTTF) has been one of the primary cannabis stocks to look out for as the market continues to build. The company has been noted as being one of the top vertically integrated cannabis companies with a focus on craft marijuana, or in other words the highest quality product one can get. GTEC has been carefully picking out a star-studded team with some of the most notable names in the industry working behind the scenes.
In additional news, the company recently signed into an agreement with Valens GroWorks Corp. (CSE:VGW) which will help GTEC to export some of their product into the greater market. According to one report “Under the Agreement, GTEC will ship bulk quantities of dried cannabis to Valens for an initial four-year term. The Company will receive and process the cannabis on a fee for service basis into crude, distillate or other cannabis oil derivatives as required by GTEC before bulk shipping the desired product back to GTEC for final processing and sale.” The chairman and CEO of GTEC, Norton Sighavon stated that “In mature cannabis markets, derivative products such as vape pens, edibles and infused beverages account for over half of all products sold at the consumer level. Over the coming years, we anticipate that the Canadian market will evolve to reflect a similar product mix.” The hopes are that this new deal will help to secure further growth throughout the markets future.
The ETFMG Alternative Harvest ETF (NYSEARCA:MJ) has been another promising way to invest in the cannabis space. As one of only a handful of marijuana ETFs, MJ has captured the likes of the most prevalent stocks in the industry. The ETF holds with it a solid amount of exposure to the greater cannabis market while still offering a lower volatility than investing in individual marijuana stocks. For this reason, many investors have decided to play it safer by investing in ETFs as opposed to directly in the market. For those looking to get into the cannabis space without all of the risk of high volatility, ETFs might be the right place to start.
The cannabis industry continues to be one of the most interesting markets to invest in as we continue to move throughout the near future. The hopes are high that the space can continue on its way to innovation and new products over the course of the next few years and beyond.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC, Midam Ventures LLC and GTEC Holdings Inc., Midam is being paid $63,333 per month from the company for a total of 12 months and has received ZERO shares of GTEC Holdings Inc. for a duration of beginning July 10, 2018 and ending July 10, 2019. We may buy or sell additional shares of (GTEC) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.
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