Forget pot producers – here’s a better way for investors to cash in on cannabis legalization

Forget pot producers – here’s a better way for investors to cash in on cannabis legalization

The cannabis retailer from Vancouver makes a strong pitch to a group of wealthy investors for capital to expand his budding business.

Charts highlight solid growth and healthy sales projections in what is expected to be a booming market. Upscale stores will be designed to appeal to baby boomers and younger consumers with high disposable incomes. We could be looking at a pot version of Starbucks in the making.

Continue reading: https://www.theglobeandmail.com/globe-investor/globe-wealth/cannabis-investing-despite-solid-growth-not-a-game-for-the-timid/article35810337/

Marijuana-stock frenzy could end very badly in Canada

Marijuana-stock frenzy could end very badly in Canada

There’s one bummer question haunting all the marijuana businesses popping up between British Columbia and Newfoundland.

How much do Canucks like weed, eh?

A year before recreational cannabis is expected to become legal in Canada, there’s an explosion in companies cultivating the stuff. At least 10 marijuana outfits have new listings this year on the TSX Venture Exchange and Canada Securities Exchange. Some 51 enterprises have gotten the green light to grow pot, and 815 applicants are in the queue. All told, it could be enough to raise the country’s raw-weed output more than tenfold.

Continue reading: https://www.theglobeandmail.com/globe-investor/investment-ideas/marijuana-frenzy-could-end-very-badly-in-canada/article35707424/

How big is Canada’s marijuana market, really?

In June, a company called MYM Nutraceuticals announced plans to build one of the world’s largest marijuana greenhouse operations. It’s a joint venture of sorts with the town of Weedon (naturally) in Quebec, where the municipality will buy the land and the company will have the right to purchase the acreage later. MYM anticipates the operation will consist of 15 greenhouses totalling 1.5 million-square-feet of production space. At full capacity, MYM says it can produce more than 150 metric tons of cannabis per year, worth about $750 million. In another release a few days later, the “Weedon Project” had apparently expanded to include a cannabis education centre, a cannabis museum, a 2,500-person auditorium and a 22-room hotel.

‘Investor fatigue’: The proliferation of licensed marijuana producers is bringing down Canada’s hottest sector

‘Investor fatigue’: The proliferation of licensed marijuana producers is bringing down Canada’s hottest sector

Investor fatigue has taken hold in Canada’s hot marijuana sector amid an influx of look-alike producers getting licensed and going public, analysts said at an industry conference Friday.

“There’s massive investor fatigue, like enormous, and people can’t tell the difference between licensed producers anymore,” Aaron Salz, CEO at Stoic Advisory, said on a panel Friday at the Lift Cannabis Expo in Toronto.

Source: http://business.financialpost.com/investing/investor-fatigue-the-proliferation-of-licensed-marijuana-producers-is-bringing-down-canadas-hottest-sector

Marijuana startups get new funding from ‘streaming’ deals

Marijuana startups get new funding from ‘streaming’ deals

Some major players in the Canadian cannabis industry are bankrolling smaller Canadian marijuana companies, using so-called “streaming” deals to finance their growth plans.

The deals could allow those backers to take leading roles in distributing wholesale and retail marijuana under the forthcoming legal regime.

Streaming is a business model traditionally associated with the mining industry. A backer provides upfront money for infrastructure and capital expenditures in exchange for the right to some of the miner’s future production.

Source: http://www.cbc.ca/news/business/canada-marijuana-streaming-financing-1.4106715

Marijuana industry pioneer launches cannabis streaming firm

Marijuana industry pioneer launches cannabis streaming firm

Marijuana industry pioneer Chuck Rifici is turning to streaming — a business model often used in mining — to tackle what he says are growing pains facing the rapidly expanding sector.

There are 1.4 million square feet of licensed medical marijuana production facilities in Canada, says Rifici, one of two co-founders of Tweed Marijuana Inc., now a part of Canopy Growth Corp. That’s about one tenth of what will be needed to satisfy demand once the drug is legalized for recreational use, he says.

Source: https://www.thestar.com/business/2017/05/08/marijuana-industry-pioneer-launches-cannabis-streaming-firm.html

How the marijuana industry will boost Canadian innovation

How the marijuana industry will boost Canadian innovation

The federal government tabled legislation last week that is expected to legalize the production, distribution and sale of cannabis in Canada by July 1, 2018. In response to the news of this proposed legislation, shares in Canadian marijuana stocks jumped several percentage points – and rightly so. Canaccord Genuity analysts reported in late 2016 that if legalization were to follow expected timelines, Canada could have nearly four million legal recreational users of marijuana by 2021, with a potential for $6-billion in annual sales.

Source: http://www.theglobeandmail.com/report-on-business/rob-commentary/how-the-marijuana-industry-will-boost-canadian-innovation/article34765691/

Canada’s Plan to Be the World Leader in Legal Weed

Canada’s Plan to Be the World Leader in Legal Weed

Amid the scarred tracts of Alberta’s struggling oil region, an industry is taking shape that could give this part of western Canada an economy that’s a bit more green. Inside the perimeter of Edmonton International Airport, an 800,000-square-foot greenhouse—the size of 16 football fields—is being built. When it’s finished later this year, it will be the biggest marijuana “grow-op” in the world, capable of producing more than 100 tons a year of bud for Canada’s soon-to-be-legalized recreational pot market.

Source: https://www.bloomberg.com/news/articles/2017-04-20/canada-s-plan-to-be-the-world-leader-in-legal-weed

Aurora Cannabis Announces $40 Million Bought Deal Private Placement of Convertible Debentures

Aurora Cannabis Inc. (the “Company” or “Aurora”) (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) announced today that it has entered into an agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal, private placement basis, subject to adjustment pursuant to the Underwriters’ Option (as hereinafter defined), $40 million aggregate principal amount of convertible debentures (the “Convertible Debentures”) at a price of $1,000 per Convertible Debenture (the “Offering”).

Source: http://www.newswire.ca/news-releases/aurora-cannabis-announces-40-million-bought-deal-private-placement-of-convertible-debentures-619129344.html

As legalization looms, Canada’s volatile marijuana stocks are a risky bet

As legalization looms, Canada’s volatile marijuana stocks are a risky bet

It doesn’t take much to move the dial—up or down—on cannabis stocks. The last five months alone have been a roller coaster for Canadian medical marijuana producers on various stock exchanges, whose investors tend to flinch at the faintest whiff of news that’s just off-neutral in tone.

Source: http://www.canadianbusiness.com/investing/skittish-cannabis-stocks-may-be-overvalued-and-risky/

Marijuana stocks on fire after report that Canada’s legalization bill is in the works for 2018

Marijuana stocks on fire after report that Canada’s legalization bill is in the works for 2018

Publicly traded medical marijuana companies got a bounce Monday after news reports provided clarity on the federal government’s plan for marijuana, suggesting it will be legal for pot smokers in time to celebrate Canada Day next year.

Ottawa plans to introduce marijuana legalization legislation in mid-April, fulfilling the Liberals’ promise to do so this spring. That will be enough time to enact legalization by Canada Day 2018, CBC reported Sunday night.

Source: http://business.financialpost.com/investing/marijuana-stocks-are-smokin-today-on-report-canadas-legalization-bill-is-in-the-works

Canopy Growth Corp. vs. Aurora Cannabis Inc.

Many investors find themselves in a spot where they must choose between Canopy Growth Corp. (TSX:WEED) and Aurora Cannabis Inc. (TSXV:ACB) as their marijuana stock of choice. Both companies will be subject to volatility going forward, but there’s also huge growth potential.

Which one of these promising marijuana picks is right for your portfolio?

Source: http://www.fool.ca/2017/03/23/canopy-growth-corp-vs-aurora-cannabis-inc/

Marijuana stocks drop as Trudeau’s pot czar says Canada won’t rush into legalization

Marijuana stocks drop as Trudeau’s pot czar says Canada won’t rush into legalization

As investors flock to Canada’s burgeoning marijuana sector, Prime Minister Justin Trudeau’s government is signaling recreational pot sales aren’t imminent.

Lawmaker Bill Blair — the former Toronto police chief leading Trudeau’s legalization effort — confirmed a bill is due in parliament this spring, but it won’t be the last hurdle as ample regulatory work remains. The federal government will take its time and work with provinces, territories and cities to build a framework and develop specific regulations, he said.

Source: http://www.theglobeandmail.com/globe-investor/investment-ideas/marijuana-stocks-drop-as-trudeaus-pot-czar-says-canada-wont-rush-into-legalization/article34230589/

Trudeau’s Pot Czar Says Canada Won’t Rush Marijuana Legalization

Trudeau’s Pot Czar Says Canada Won’t Rush Marijuana Legalization

As investors flock to Canada’s burgeoning marijuana sector, Prime Minister Justin Trudeau’s government is signaling recreational pot sales aren’t imminent.

Source: https://www.bloomberg.com/news/articles/2017-03-07/trudeau-s-pot-czar-says-canada-won-t-rush-marijuana-legalization

Are White House comments a sign of trouble for marijuana legalization in Canada?

Are White House comments a sign of trouble for marijuana legalization in Canada?

Four U.S. states have legalized recreational cannabis, and another four will follow after ballot victories last November.

Legal pot in permissive states depends on a tolerant attitude from Washington, though. And the same election that doubled the number of states where pot is (or will be) legal brought in an administration with a chilly attitude to recreational marijuana. Attorney-General Jefferson Sessions, for example, told Congress last year that “we need grownups in charge in Washington to say marijuana is not the kind of thing that ought to be legalized.”

Source: http://globalnews.ca/news/3275398/are-white-house-comments-a-sign-of-trouble-for-marijuana-legalization-in-canada/

Find Us OnFacebook

Leafly Jessica's Battle