These Canadian marijuana stocks have been called the “Big four of the North.” They are the greatest in the Canadian land when it comes to market caps and sales. They are Afria (APHQF), Aurora Cannabis (ACBFF), Canopy Growth Corporation (TWMJF) and Med Releaf (MEDFF).
Canopy Growth Corporation is the winner and not only leads the pack in Canadian medical cannabis providers in sales, but is quickly widening the gap. It is projected that the company is on its way to an annual growth rate of 232 percent through 2019.
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N is the time of favorable market conditions in Canada; however, Canopy Growth Corp has a lot more to lean on than which way the wind is blowing. For one thing, they have drastically increased production capacity and on September 8th they completed the purchase of the land next door to the original facility in Niagara On The Lake, Ontario.
The land contains a fully operational 458,000-square-foot greenhouse, with another 212,000-square-foot greenhouse under construction on the original land. Soon, Canopy Growth Corp will have one million square feet to grow within.
An international presence that’s ever growing doesn’t hurt either. MedCann is a Germany based company that they acquired last year as a subsidiary, rebranding them as Spektrum Cannabis Germany. Canopy Growth Corp has also brokered deals in the last few weeks with both Australia and Denmark to produce medical cannabis.
The elephant in the room, of course, is the potential for Canada to legalize marijuana across the board. This would be a massive catalyst for all four stocks. Prime Minister Justin Trudeau has already implicated his desire to allow recreational use in Canada by July of 2018. There are those who think more time is needed, though, so nothing is official as of yet.
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Among Canadian pot stocks, Canopy Growth Corp looks like they’re not going to lose their number one slot anytime soon and full on legalization would rocket them even further. Happy investing!