Canopy Growth Corp (WEED)

[nowwhat2]

Outsized Demand in Canada’s Cannabis Market Triggers Upswing in Smart Money Flowing North
Print
Alert
NetworkNewsWire Coverage: Date 11/21/2017 @ 7:45AM

http://ih.advfn.com/p.php?pid=nmona&article=76141083


For 17 years Canada has provided legal access to medical cannabis to its citizens, and now the country is expected to legalize recreational marijuana by July 2018. With sales of Canadian medical cannabis projected to exceed $8 billion by 2024 (http://nnw.fm/bEi4r) and the recreational market estimated to be worth over $18 billion annually (http://nnw.fm/x49Ay), investment capital has been pouring into Canada’s licensed producers (LPs). Though the demand for cannabis is projected to exceed 600,000 kilograms a year (about 1.3 million pounds), Canada’s LPs currently only cultivate about 20,000 pounds of dried marijuana annually......Huh ???? As IF ! 600,000kg = 1.2mil lbs and only 20,000 lbs are on tap ?....LoL As IF This immense impending imbalance is a magnet for serious capital investment. It also presents enormous domestic opportunities for one of Canada’s premier producers, ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF) (ABCCF Profile), which produces only organically grown, pesticide-free, standardized product and produces among the highest yields within the Canadian sector. Other publicly traded cannabis companies vying for position include Cronos Group Inc. (TSX-V: MJN) (OTC: PRMCF), Maricann Group Inc. (CSE: MARI) (OTCQB: MRRCF), Emblem Corp., (TSX.V: EMC) (OTC: EMMBF), with cannabis finance company, Cannabis Wheaton Income Corp. (TSX.V: CBW) (OTCQB: CBWTF), looking to profit by injecting capital into select growers.