The Marijuana and CBD craze is not over, it has literally just begun and these stocks are poised to lead the charge:
September 11, 2019 -- InvestorsHub NewsWire -- via Corporate Ads --
The Target Group (OTCQB: CBDY)
CBDY (Target Group Inc.) is a Vertically Integrated company in the Cannabis Sector with a Production Facility in Late Stage Application Status for Approval to Cultivate Under the Canadian Cannabis Act
CBDY has completed an impressive growth facility and is expanding operations to build an international network of manufacturing, distribution, production, and sales operations. This company is creating an iconic brand portfolio, leveraging product diversification, innovation, and operational expertise to solidify long-term growth and stability.
In Target Group's Portfolio[KM1] is CannaKorp, Inc., which has developed the world's first single-use pod, herbal vaporizer system, delivering unprecedented quality, convenience and consistency. The complete system includes the ground breaking vaporizer device, WISP™, single-use, precisely measured pods containing pre-ground, lab-tested botanical herbs called WISP Pods™; and a proprietary pod-filling process. CannaKorp, Inc. was founded on care and commitment to patients and consumers, and is guided by a philosophy of social and environmental responsibility.
Target Group, with the very appropriate trading symbol of CBDY, is positioned with the assets, professional management experience and specific industry expertise to address the needs of the new cannabis related businesses emerging today.
In May of 2019 CBDY's wholly owned subsidiary, Canary Rx Inc. completed the build-out of a new 44,000 sq. ft. cannabis production facility in Norfolk County, Ontario. The production area is equipped with sophisticated environmental control technology, custom-built to regulate eight 2,200 sq. ft. flower rooms as well as vegetative, breeding, testing, and curing spaces. Once fully operational, this facility expected to produce 3,600kg of premium, organic cannabis per year.
In summary, Target Group (CBDY) is at a pivotal moment where an entire industry is just coming into play and this company is ready to participate in a very significant role. Learn more via the company websites:
Target Group, Inc. www.targetgroupinc.ca and Canary Rx Inc. www.canaryrx.com
Canopy Growth Corp. (CGC)
The first Canadian marijuana company, Canopy Growth Corp. is the world's largest publicly traded weed company.
The company owns and operates many brands, producing and marketing both medical and recreational strains. Tweed is one of the company's most popular brands, thanks to an association with rapper Snoop Dogg. For its 2019 fiscal year, it reported revenue of CAD 77.9 million or nearly $60 million.
Global Payout, Inc. (GOHE)
Raking Up Record Revenues with Cashless Payment Services to High Risk and High Cost Industries
2019 Second Quarter Revenues Jump More Than 150% as New Clients in the Rapidly Growing Legal Cannabis Sector Generate Strong Results
GOHE's flagship product, MTrac is ideally suited to serve the High Value Legal Cannabis Industry
GOHE recently announced its foray into the retail cannabis delivery sector has demonstrated a much stronger growth trajectory than initially anticipated when the company launched this service in June. Eager to capitalize on the diverse and expanding retail cannabis industry, GOHE pioneered the availability of cellular mobile payment terminals to allow retail cannabis delivery drivers to accept electronic payments from customers on site. Since the launch, upwards of 700 such terminals have been deployed to a variety of merchants operating within this market segment. GOHE management expects to see this number continue to increase through the duration of 2019.
Operating in a cash-heavy industry, delivery drivers are at particular risk for theft and loss, presenting a serious public safety concern. With the GOHE payment solution, merchants offering delivery services are presented with a sensible and more convenient alternative to cash.
Aurora Cannabis Inc. (ACB)
Another big Canadian pot company, Aurora Cannabis became even bigger in March by acquiring rival MedReleaf in a $250 million all-stock deal that was touted as the world's largest marijuana deal to date.
Consolidating operations will help the new entity cut costs and gain efficiency. According to a press release, Aurora and MedReleaf together expect to produce over 570,000 kilograms per year of cannabis through nine facilities in Canada and two in Denmark.
Aurora debuted on the Canadian venture stock exchange (TSX) in October 2016 and trades in the U.S. on the NYSE. https://www.auroramj.com/
Many still see huge opportunity in cannabis but the industry itself has gone through a massive correction in its price to sales multiples in just the past 6 months. This means investors are not as ready to pay for sales as they once were. Leading in the contraction are the top players like Canopy Growth (NYSE: CGC), Tilray, Inc. (NASDAQ: TLRY), and CuraLeaf (OTC Pink: CURLF) which nearly halved their multiples.
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