There is no doubt that the cannabis industry has remained incredibly lucrative for some time now, but new developments in legal measures as well as the changing public sentiment, have both contributed to the market growing with a massive amount of velocity. Some stocks in the industry have climbed to the top and continued to show a massive amount of potential for the future of the industry.
One of the stocks that many investors have continued to watch has been Organigram Holdings (OTC:OGRMF). Organigram is considered to be one of the bigger guys in the cannabis industry and has been growing the raw marijuana plant for some time now. The company recently won the Sativa of the Year award at the Cannabis Awards toward the end of last year, and the strain has continued to be one of the larger reasons for growth with this company. The company recently had an interview, where the CEO Greg Engel stated that they have a large and growing expansion plan that will help to include some different products in the market aside from simply growing the cannabis plant. Many companies such as Organigram have been working with the new market on edibles and other cannabis infused products in the industry. With these new products, the market has been extremely broad in terms of growth and innovation. The next year or so, investors should continue to look at Organigram to see what action their stock takes, but all looks promising.
Next on the list is the Hydropothecary Corporation (TSX: THCX). This company is one of only a few companies within British Columbia that have been licensed to grow cannabis under a cannabis supply agreement issued by the government domestically. The company has recently stated that they will continue to move into the recreational sector of the industry though a series of various licensing agreements. The company recently unveiled a new brand that will serve as their recreational cannabis brand. This new sector of their business will be known as HEXO, and will exclusively deal with the recreational side of the industry. The company also recently stated that they will be uplisting to a new exchange from the Toronto Venture Exchange. The company will now be listed on the Toronto Stock Exchange (TSX), which will likely help to bring in massive amounts of capital so that they can continue to fuel growth throughout the company.
Last on the list is the company Emerald Health Therapeutics (OTC: EMHTF). Emerald Health has been a player in the pot market for some time now and has been working to up their production to meet the new and high demands of the recreational cannabis market in Canada. The company also recently partnered with the company Village Farms international, which will help them to produce as much as 100,000 kilograms of cannabis per year. This number cements them as one of the larger producers of the raw marijuana plant throughout the industry.
The marijuana industry as a whole is still very much in its infant stages which means that there is a large amount of room to grow as we move toward the future of the market. The hopes are high that the combination of new technology and innovation will help to continue fueling new investments into the space. These new investments will help the market to overall continue growing to the massive amount of potential that so many investors see characteristics of the industry. Only time will tell how companies like the ones mentioned above will continue to perform in the broader market on cannabis.
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