The marijuana stock market has begun to move out of its infancy which is characterized by the shift toward stability we have seen over the past few months. In that time, many companies have begun to stabilize in terms of their pricing which has led more investors to come in than ever before. This is not to say that the industry is without its volatility as one may have noticed in the past few weeks. Despite this, some companies have moved toward finding their sweet spot as we move into the future of the market.
Biome Grow Inc. (BIOIF/BIO.CN) is a company that operates out of a large range of subsidiaries all under the Biome Grow name. The company currently has subsidiaries across Canada in Newfoundland and Labrador, Ontario, Nova Scotia, Prince Edward Island and is looking to move into more domestic markets. The company works in various sectors of the cannabis industry but has mainly been focused on the production of cannabis as well as the technology of the new recreational market.
Recently, the company began its listing on the OTCQB market, which should help them to bring in some much-needed capital as they move toward future expansion plans. CEO of Biome Grow Inc. Khurram Malik, stated that “we are excited to upgrade Biome’s U.S. listing to the OTCQB Venture Market. This is an important step and milestone for the company as it aims to increase its presence among American retail and institutional investors. This move will provide investors with additional liquidity and increased trading capacity.”
The company has seen a large amount of growth due to the overwhelming growth of the marijuana market overall. Canada is without a doubt the leader when it comes to recreational cannabis, which makes Biome Grow Inc. poised to take advantage of one of the largest cannabis markets in the world.
The OTC market has become extremely popular amongst smaller cap cannabis companies due to the stringent regulation in the U.S. as far as cannabis goes federally. The goal is for Biome Grow Inc. to continue growing along with the rest of the industry, which should be pushed forward greatly by this recent uplisting. All in all, Biome Grow Inc. should remain on any investors watchlist.
CannTrust Holdings (NYSE:CTST) is one of the largest cannabis growers in the whole of the industry. The company also operates out of the Canadian landscape which shows the large amount of potential that they have to take over in the coming months. Recently, they have been working on the completion of their latest facility at Niagara Perpetual Harvest.
The goal with this new expansion is to be able to produce as much as 50,000 kilograms of cannabis per year when operating at full capacity out of this one facility. If they are able to meet their future goals, they should be in the range of producing as much as 300,000 kilograms by the end of next year, but only time will tell.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Biome Grow, Midam is being paid a total of $240,000 ($20,000 per month) for a period beginning on October 1, 2018, and ending on October 1, 2019. We own 0 shares of Biome Grow (BIO.CN). We may buy or sell additional shares of Biome Grow in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Biome Grow (BIO.CN).