With Canada federally legalizing cannabis, there are now several small cannabis producers, growers, and manufacturers could see explosive growth in the near future. There is so much optimism in the market that it’s bringing new attention from those that may have previously ignored. Keep your eye on these companies that are now publicly tradable.
Green Growth Brands
Green Growth Brands just began trading on the OTCQB and is poised to become one of the biggest players in the retail cannabis market. The company is led by executive talent that served American Eagle, DSW, and several other successful retail chains. After a string of acquisitions of high-profile retail cannabis brands, GGB products are expected to become household names among cannabis smokers.
Green Organic Dutchman Holding
Organic cannabis is expected to take Canada by storm now that legalization is here. Companies that retain their commitment to growing cannabis without the use of synthetic pesticides are in high demand. TGOD has invested in building a massive organic growing facility in Ontario, Quebec, and Jamaica. The company’s organic mission will jive well with consumers who are concerned about their intake. The word organic being in the name of the product will be a key competitive benefit for them.
Hexo Corporation
Hexo was founded in 2013 and began its first sales to medical patients in 2015. With cannabis now legalized, the company is looking to expand into the recreational market. An additional growing and production facility with more than 310,000 is being built, with another planned for the end of 2019. The Hexo brand will expand to the recreational market while the company will continue serving medical patients under the Hydropothecary brand.
CannTrust
Cann Trust is listed on the Toronto Stock Exchange and the U.S. OTC market. The company is hoping to expand its production facilities from 450,000 square feet up to 600,000 in response to Canada’s legalization. The company just hired new CEO Peter Aceto to lead the company.
Aleafia
Aleafia already serves more than 50,000 medical patients across Canada. The company is listed on both TSX and the U.S. OTC market and has applied to appear on NASDAQ. The company announced it produced 16,500kg of cannabis production at the end of 2018, but has its sights on boosting production to 38,900kg by the end of 2019. The company operates more than 22 clinics across Canada and partnered with Cronos Group on working with cannabis as a treatment for insomnia.
Breakout Companies
With the cannabis industry now legalized in Canada and likely headed that way in the United States, these companies are poised to break into the market as leaders. Analysts have rated each one of these stocks as a buy for anyone interested in the growing cannabis market. Canada’s move to legalize recreation has caused an explosion in growth for most established companies. Entrepreneurs looking to get into the market now may be too late. The state of Oregon had to suspend new cannabis business applications to deal with the massive influx of applications over the past two years.