Canada Listed Marijuana Stocks with Top US Growth Prospects
Save ArticleThe Canada listed marijuana stocks we’ve identified are all licensed producers and/or distributors of cannabis in a number of states in the U.S.
SmallCapPower | June 18, 2018: Investing in Canadian marijuana stocks a year ago would have been a dream for most investors. After a significant run up, and with high expectation, most of the industry is trading at lofty multiples. However, a much larger cannabis opportunity in the U.S. is being overshadowed. Nine states in the U.S. have legal recreational cannabis and 30 states permit medical cannabis. The State of Florida alone has a medical market of $810M, double the size of the entire Canadian market. The Canada listed marijuana stocks we’ve identified today are great for exposure into the U.S. cannabis market.
Cannex Capital Holdings Inc. (CSE:CNNX) – $1.03
Cannex Group Holdings is a Canada-based company with cannabis operations in Washington and California. Cannex is focused on premium indoor cultivation, extraction, manufacturing and branding of edible and derivative products, as well as retail operations. The Company’s subsidiary, BrightLeaf Development LLC, is the largest producer/processor in Washington State. Cannex is also in the process of acquiring Jetty Extracts, one of the largest processors and extractors in California. Cannex plans to produce from two indoor cultivating facilities with a combined 30,000 sq. ft. and 19,000 kg/year capacity, equating to one of the highest yields in the industry at 633 grams/sq. ft.
MedMen Enterprises Inc. (CSE:MMEN) – $4.75
MedMen Enterprises is a vertically-integrated cannabis company operating in the U.S. market. The Company has 18 facilities that manufactures and distribute their cannabis product in California, Nevada and New York. On June 6, the Company completed an acquisition of Treadwell Simpson Partnership and