The cannabis industry has been moving forward with a massive amount of propensity toward the future for some time now, but new updates to legislation and the changing industry has helped to bring in a whole new slew of people into the market. The past few weeks have been quite up and down within the cannabis market, and much of this can be attributed to uncertainty in the space as to what the future will have in store. Because of this, the cannabis market has continued with large fluctuations usually characteristic of an infant market. Regardless, many stocks have shown a key amount of intrinsic value that should help them with their plays into the future.
One of the companies that many investors have continued to watch has been OrganiGram Holdings (NASDAQOTH:OGRMF). The company has been stated to be many investors favorite stock due to how it has been running its business in recent times. The company has been working to create industry-standard methods of lowering the costs associated with growing high-quality cannabis.
Because of this, they have been able to move their profits into other areas of their business such as expanding into new facilities in and around Canada. The Canadian market and the subsequent exposure to it has been one of the primary forces for growth in recent times and has helped to build better and more innovative businesses in the market. The company has stated that they will be able to produce as much as 113,000 kilograms of cannabis per year when they are at peak production. This amount of growing capacity would put them at the top of the food chain for the whole of marijuana growers in Canada.
The next company on the list is another one that should be a household name by this point. The company CannTrust Holdings (NASDAQOTH:CNTTF) has been working to build out their cannabis growing system for some time now and has been noted to be one of the larger growers in the Canadian market. By using Hydroponics, which is growing plants in water as opposed to soil, the company can have a better chance at scalability in the future as well as higher and more consistent yields for their plants. The company has stated that when they are done building their most recent greenhouse facility, they will be able to produce over 100,000 kilograms of cannabis per year. This again puts them as one of the top players in the market for the coming future.
Another interesting aspect of their business comes from the fact that they have been working to build out their cannabis oils division. Cannabis oils have become one of the larger parts of the market in recent times due to how lucrative they are with high margins and high yields. The hopes are that they can begin to cement their process for producing these oils, so that they can become one of the larger exporters of the product in the coming months to years.
The cannabis industry has continued to be one of the most important markets of our time given the vast amount of innovation and the changing financial landscape. Only time will tell how well the industry can continue to fair amidst changing regulations and political uncertainties.