The country that has been at the forefront of medical cannabis research by discovering THC and the endocannabinoid system has given the green light to exporting cannabis. And it's about to change the entire industry.
That's the main message I have in the wake of the shock Green Growth Brands (CSE:GGB) hostile takeover bid for Aphria Inc. (NYSE:APHA) on Thursday. At Cannabis Profits Daily and throughout the National Institute for Cannabis Investors, we've talked often about the developing trend of rapid consolidation in the cannabis industry.
Where stocks trade typically tells you a lot about how established a company is. It says something about the kind of resources the company has to report to regulators and its developed financial strength. But many of cannabis' greatest opportunities are not on the NYSE or Nasdaq.
Canada is getting ready to add to the list of products cannabis companies can legally produce and sell in the country. All of these will be good for publicly traded cannabis companies doing business there and investors like you and me. And it's happening more quickly than its full legalization rollout earlier in 2018.
Late Breaking News: AB InBev, the world's largest beer company and the owner of Budweiser, and Canadian cannabis leader Tilray Inc. announced late Wednesday that the companies have entered into a partnership to research the development of non-alcoholic cannabis beverages. Cannabis Profits Daily will bring you in-depth coverage of this explosive industry development in tomorrow's edition.
Cannabis dispensaries are opening at a record pace in recent weeks and months. And that massive expansion is being driven by companies that have recently IPO'd and creating more opportunities for those that want to.