Analyst – Derek Thomas
The Canadian cannabis market remains one of the most attractive places to invest and we have recently seen a significant increase in company activity.
With the country preparing to legalize recreational marijuana before July 1, 2018, we are not surprised by the increased activity and believe it has created a great opportunity for investors.
Today, we have highlighted three company developments that we believe investors need to take note of.
Marijuana stocks have been on fire and investors need to focus on companies with a differentiated strategy, product, or offering to be successful.
Over the last three years, the number of publicly traded marijuana companies has skyrocketed and there are now more than 400 marijuana stocks. In January 2014, there was less than 50 marijuana stocks.
EVIO Labs across the country prepare for farmers bounty.
Author – Kaylei Conor @kayleiconor
September means football season for fans who love the NFL and NCAA, and it also means back to school for millions of college students. In recent years, September has also come to mean that it’s harvest season for the nation’s newest legal cash crops: Cannabis.
2017 has been a major year for the legal marijuana industry highlighted by new countries legalizing medical marijuana, a burgeoning Canadian market, and a confusing landscape in the United States.
We continue to view the legal marijuana industry as one of the top places to invest. The industry is the fastest growing in the world and it offers investors access to investment opportunities that are levered to this growth.
While the legal marijuana industry offers investors a lot of attractive investment opportunities, it also offers a lot of risk.
Investors must be selective if they want to capitalize on this burgeoning industry and focus on companies that are executing on business initiatives, well capitalized, and led by a management that is focused on creating value for company shareholders.
Although the cannabis industry is the fastest growing industry in the world, investors need to be selective and conduct thorough due diligence before investing.
When it comes to the cannabis industry, it all starts with the management team and it is important than ever to know who you are investing in.
Canadian licensed medical marijuana producers were under pressure yesterday and we are monitoring how this trend continues today.
Although we have been favorable on this rally, we expressed some of our near-term concerns earlier this week as these stocks were trading at very overbought levels.
Following yesterday’s pullback, several medical marijuana producers under our coverage are no longer trading at overbought levels and we are favorable on this dip.
Reliq Health Technologies (RHT.V) (RQHTF) has been nothing short of an execution story and we have been calling for this all year.
Today, Reliq announced that it has received the first payment of $200,000 from NextGen Applications LLC of San Antonio, Texas. This payment is part of the contract between the two companies and the contract has a total value of $1.22 million (USD).
Canadian marijuana stocks have been on fire and this rally has shown no signs of slowing down.
The recent rally has taken place on strong trading volume and we are very favorable on this. One of the biggest changes from the first quarter to the second and third quarters of this year was trading volume. Although this metric was consistently increasing in the early months of 2017, it started to drop off in March/April.