InvestorsHub Logo
Followers 97
Posts 6996
Boards Moderated 0
Alias Born 09/16/2010

Re: None

Monday, 12/21/2015 11:22:16 AM

Monday, December 21, 2015 11:22:16 AM

Post# of 2343871
Health Canada estimates that the country's medical marijuana industry could reach $1.3 billion by 2020, but the recreational marijuana industry could be worth as much as $5 billion per year.

"I have estimated that the legal recreational market could conservatively be $2-4 billion based upon 35 million residents and assuming prices are $7 per gram or so, but I have seen higher estimates," said Brochstein.


http://www.stockhouse.com/companies/bullboard/bullboard/c.sl/supreme-pharmaceuticals-inc#fz12HkZxE5icFoT0.99

Supreme Pharmaceuticals Inc. (CSE: SL) (OTC: SPRWF) is one of the most advanced companies operating in this segment. After completing its pre-license inspection in December, the company is well on its way to securing a license producer status. Its flagship 342,000 square foot greenhouse located in Ontario could provide it with enough scale to become a very low cost producer in the market, offering patients the best overall value.

"Supreme's foundation is to be the premier, large-scale producer of cannabis," said Supreme Pharmaceuticals Inc. CEO John Fowler. "We achieve this in large part through our innovative, hybrid greenhouse production facility. For medical patients this means that supreme can produce affordable medical marijuana with the best dollar value in the market. This should hold true in the recreational market as well."

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.