Auxly Cannabis Group ($CBWTF)
Marijuana stocks Auxly Cannabis Group (CBWTF)
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Formerly known as Cannabis Wheaton, Auxly Cannabis Group (OTCMKTS:CBWTF) is the first streaming company in the marijuana industry. When I came across it in my research it immediately caught my attention as it bridges together two of my favorite investment trends — streaming royalty payments and marijuana.
Through its investments in small marijuana-related companies, CBWTF is building a diverse portfolio that touches all levels of the industry. As an investor, you are gaining instant diversification and lowering any company-specific risk associated with investing in emerging companies.
Auxly is really starting to take shape as its business model begins to pay off. For example, one of its investments — Dosecann LP, a wholly owned subsidiary of Auxly — received approval from Health Canada as a marijuana processor in late December.
After reporting very little revenue last quarter, the company is projected to end fiscal 2018 with revenue of $3.18 million. Analysts expect that number to skyrocket to $121.2 million in fiscal 2019 and grow even larger to $417.2 million in fiscal 2020.
There isn’t a whole lot of coverage on CBWTF, so keep in mind that futures projections are just that. However, I have been a fan of this company’s business model for some time now and all it takes is a few of its investments to take off in order to see big growth in the coming years.
This marijuana stock is small compared to its peers, but the upside potential outweighs the risk at current prices.
