The cannabis story is exploding.
So much so, analysts at Jefferies says the industry could reach $130 billion by 2029.
“This assumes full U.S. federal legalization, full recreational and medical legalization across Europe, full medical and recreational legalization across Lat Am, and cannabis disruption of a number of other industries,” noted the analysts, as quoted by Yahoo Finance. “Industries at risk of disruption are pharma, alcohol, health and wellness, pet care and smoking cessation.”
The analysts join a growing chorus of cannabis bullishness.
Cowen for example says U.S. cannabis sales alone could reach $80 billion by 2030 – an increase of $5 billion from earlier estimates, and a 4% compound annual growth rate. Piper Jaffray believes the market for legal cannabis could be worth $15 billion to $50 billion a year, with global sales growing to $250 billion to $500 billion.
Of course, that can lead to further upside for stocks that do so, including Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF), OrganiGram Holdings Inc. (OTC:OGRMF), and CannTrust Holdings Inc. (NYSE:CTST) (TO:TRST).
Blissco Cannabis Corp. (BLIS) (HSTRF), a Canadian wellness cannabis brand based in British Columbia and a multi-licensed processor, cultivator and distributor of premium cannabis, just announced that it earned Depository Trust Company (DTC) eligibility. That means its stock is now more accessible to U.S. investors.
“We are very excited to be DTC eligible; which opens up a tremendous opportunity for U.S.
investors to participate in our growth,” said Damian Kettlewell, Blissco CEO. “Blissco is truly
beginning to make its mark in domestic and international markets by expanding our global
investor base.”
This electronic method of clearing securities speeds up the receipt of stock and cash, and
accelerates the settlement process for investors and brokers. Companies that are DTC
eligible often experience higher trading volumes in their stock given the additional
accessibility and availability of shares for trading.
For More Information on Blissco Cannabis Corp., Click Here.
Another stock to watch for potential listing on a major exchange is OrganiGram Holdings (OTC:OGRMF), which produces and sells medical marijuana in Canada. The company is ramping up production to capitalize on new market opportunities as an existing licensed producer. An active expansion includes a 15,000 sq. ft. extract processing facility that could prove quite useful, as the cannabis market progresses.
The company also just signed a letter of intent with the Société québécoise du cannabis (SQDC).
With it, the company now has distribution in place for all ten Canadian provinces.
“Organigram’s growth strategy has always focused on establishing a strong national footprint and building our brand presence with the Edison Cannabis line nationally,” says OGRMF CEO Greg Engel. “We are proud to work with our partners across the country to help ensure Canadians have access to a reliable supply of premium cannabis products for both medical and adult recreational use. We look forward to continuing to build on these relationships as we look ahead to the legalization of cannabis edibles.”
For More Information on OrganiGram Holdings Inc., Click Here.
CannTrust Holdings (CTST) (TRST), which produces and distributes pharmaceutical grade medical cannabis products in Canada just listed on the NYSE, as of February 25, 2019 under the ticker symbol, “CTST.” It will also still list on the Toronto Stock Exchange under “TRST.”
“CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in trust, science and innovation," CannTrust CEO Peter Aceto said. "A listing on the NYSE is a natural step forward in our evolution as we look to broaden our investor base, increase the company's exposure and expand our business on an international scale."
For More Information on CannTrust Holdings Inc., Click Here.
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
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