Why is MJNA not at .25?
Demand Outpacing Supply as Canadian Cannabis Legalization Looms
8:30 am ET October 3, 2017 (PR Newswire)
The Canadian government's plan to push through legalization of marijuana for recreational purposes by mid-2018 figures to deal a serious blow to the existing black market. However, industry analysts are increasingly skeptical of the ability of the country's Licensed Producers to keep pace with this forecast spike in demand. As noted in a recent article published by CBC, "Unless something changes quickly, the supply of available pot come legalization next July, will be inadequate, and the black market will continue to thrive." ABcann Global Corp. (OTC: ABCCF) (TSX-V: ABCN) (ABCCF Profile), with its healthy cash position and aggressive expansion plans, is one company seeking to address these supply concerns, particularly in the medicinal market. Joined in the space by Canopy Growth Corp. (OTC: TWMJF) (TSX: WEED), Aurora Cannabis, Inc. (OTC: ACBFF) (TSX: ACB), Aphria, Inc. (OTC: APHQF) (TSX: APH) and Medical Marijuana, Inc. (OTC: MJNA), ABcann's relatively low market cap and beefy portfolio of pharmaceutical-grade IP have it on the radar of investors looking to capitalize on Canada's much-anticipated "green" revolution.