The Canadian legalization of cannabis has represented one of the largest paradigm shifts in the history of the marijuana stock market and has helped to add a level of certainty to a market that has been fueled by speculation in the past few months to years. The legalization of cannabis in such a large scale has helped to fuel a test case among the first, first-world country to do so. The hopes are that Canada can continue to act as one of the guiding forces for the cannabis industry as we move toward the future of the market.
Next Green Wave (NGW) has been one of the primary forces working in the marijuana stock space, helping to create new products for the industry. Next Green Wave recently stated that they have signed into a letter of intent to acquire Loud Seeds, one of the primary producers of high-quality seeds and cannabis cultivation throughout California. For this reason, Next Green Wave shows how dedicated they are to becoming one of the most influential cannabis companies in the entirety of the space. Next Green Wave has worked to make two aspects of their business the most important. The first of those is that they aim to become fully vertically integrated which means they essentially control all of the production and the products that leave their business. This leads into the next aspect of their business which is the premium sector of the market. With so much control over their product, Next Green Wave can ensure that they are producing the highest quality product possible. For all of these reasons, Next Green Wave is a company to keep an eye on in the coming months.
The legislative challenges associated with the Canadian legalization have shown themselves with the underwhelming start to the legal adult use market. As most events in the cannabis space go, it appears as though the news and hype need to settle down before the market can start to move back toward its full potential. Regardless, other companies have shown intrinsic value throughout these speculative times such as Canopy Growth (NYSE:CGC). The company is undoubtedly a household name at this point and is considered to be the largest publicly traded marijuana business in the world. The news of Constellation Brands (NYSE:STZ) increasing their stake in the company from around 10% to over 35% at the cost of around $4 billion was another huge piece of news for the cannabis space. Since that time, CGC has shown why they have so much potential in the industry.
Canopy for one, has the highest amount of exposure they could to the Canadian market. The company has also stated that they have been working to massively increase their scalability to help meet the rising global demand and not just the domestic need for cannabis. The company has stated that they have plans to expand their capacity for growth from the 2.4 million square feet they currently stand at to as much as 5.7 million square feet. This number may seem unfathomable, but it makes sense given the strong need for large quantities of cannabis for use around the world.
As the market continues to become normalized with these new changes, it seems as though prices may fluctuate for some time. Hopefully, in the near future, things will begin to settle down, allowing investors to invest in the true value of the companies mentioned.
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