For months the potential windfall from federal legalization
of cannabis has been the focus of many mainstream financial
pundits. Soon the perception became the reality and the market was
actually focusing on the legislation, which never really had a
chance in the first place. President Ronald Reagan once said, "I
have wondered at times what the Ten Commandments would have looked
like if Moses had run them through the US Congress." Most savvy
investors agree with the former POTUS and never bet on political
events. When it comes to investing in cannabis companies, or any
other company, fundamentals matter. So, if you want to invest in
cannabis stocks, forget about cannabis reform and do your portfolio
a favor by focusing on industry leaders, as well as up and coming
growth stocks. U.S. legal cannabis sales grew 46% year over year to
$17 billion in 2020. The total U.S. economic impact from marijuana
sales in 2021 is expected to reach $92 billion – up more than 30%
from last year – and upwards of $160 billion in 2025, according to
analysis from the newly published MJBizFactbook. New leaders will
emerge and small companies will become larger companies. Those are
the companies all of us are looking for.
Tilray, Inc. (NASDAQ: TLRY), Pure Harvest Corporate
Group, Inc. (OTC: PHCG), Cronos Group (CRON), and Green Thumb
Industries Inc. (GTBIF) are four companies that could fit
the bill, as investors add cannabis stocks to their portfolios.
Tilray, Inc. (NASDAQ: TLRY) is a leading global
cannabis-lifestyle and consumer packaged goods company with
operations in Canada, the United States, Europe, Australia, and
Latin America. Tilray says it wants to be the trusted partner for
its patients and consumers by providing them with a cultivated
experience and health and wellbeing through high-quality,
differentiated brands and innovative products. Definitely one of
the biggest names in cannabis research, cultivation, and
distribution, Tilray’s unprecedented production platform supports
over 20 brands in over 20 countries, including comprehensive
cannabis offerings, hemp-based foods, and alcoholic beverages.
Aphria and Tilray merged on May 3. The Tilray name remained, but
Aphria's management holds the decision-making powers. Aphria's
shareholders now own 62% of the new company, with Irwin Simon
(Aphria's CEO and chairman) serving as Chairman and CEO of the
combined entity. Aphria has always been a driving force in the
cannabis industry, since it implemented solid growth strategies.
Tilray's had a market cap of $1.1 billion before the merger was
announced, despite the fact the Company raised $153 million in its
IPO. Tilray plans to release financial results for its fourth
quarter and fiscal year 2021 ended May 31, 2021 before financial
markets open on Wednesday, July 28, 2021. In Q4 '20 the legacy
Tilray posted a 20.5% year-over-year jump in revenue to $57
million. For the full year, the company reported a 26% increase in
revenue to $210 million from 2019. For more information on Tilray
visit https://www.tilray.com.
Pure Harvest Corporate Group, Inc. (OTCQB:
PHCG) is a cannabis play that only recently started
capturing the attention of investors. Pure Harvest Corporate Group
has developed numerous high-quality cannabis and hemp derived
retail brands and product lines that are currently available for
purchase in select markets. Pure Harvest intends to grow its
marijuana, hemp derived cannabinoids, and research and development
operations and expand globally as the laws regarding cannabis are
reviewed and rewritten to repeal their prohibition. Earlier this
week Pure Harvest Group added Alexis Johnson to its Advisory Board
in order to align the Company’s business with a social equity
focused mission and develop its Corporate Social Responsibility
program.
Pure Harvest Corporate Group recently announced Q1 2021 revenues
increased by 92.65% from Q4 2020 revenue. In fact, Pure Harvest
Corporate Group did more revenues in the first quarter of 2021 than
it did in all of 2020. Q1 2021 Revenue was $794,148 versus 2020
Year End Revenue of $735,690. The significant increases are largely
attributable to continued growth in sales at the Company’s Colorado
marijuana operations located in Dumont, CO. The Company’s Test
Kitchen subsidiary began generating revenue with the launch of
their white label program and beta product release.
Pure Harvest Corporate Group uses an “acquire and integrate”
approach whereby it uses primarily equity to acquire high-potential
operating cannabis businesses. Since 2018, the Company has made
five such acquisitions, some of which are now hitting new records
in sales each quarter. In the future, the Company plans to acquire
licensed medical and recreational marijuana dispensaries,
cultivation facilities and production facilities in states which
allow publicly traded companies to own and operate dispensaries,
cultivation facilities and production facilities. In addition to
products tailored to marijuana retail dispensaries, the Company’s
line will incorporate infused product options including beverages,
edibles, topicals, concentrates, and distillates.
A primary operational focus for the Company is Test Kitchen, a
wholly-owned subsidiary of Pure Harvest. Test Kitchen is a
laboratory for human potential – an experiment and experience for
creating and sustaining the highest expression of life. Test
Kitchen’s mission is to curate empirical physiology and cultivate
predictable pharmacognosy to optimize mind-body-performance. Pure
Harvest Corporate Group has 25 full-time employees and recently
moved into a new, expanded corporate office in Greenwood Village,
CO, an upscale suburban area on the south side of Denver. For more
information on Pure Harvest Corporate Group visit
http://www.pureharvestgroup.com.
Curaleaf Holdings, Inc. (OTCQX: CURLF) is a
leading international provider of consumer products in cannabis
known for quality, expertise and reliability. Curaleaf and its
brands, including Curaleaf and Select, provide industry-leading
service, product selection and accessibility across the medical and
adult-use markets. In the United States, Curaleaf currently
operates in 23 states with 107 dispensaries, 22 cultivation sites
and over 30 processing sites, and employs over 5,000 team members.
Curaleaf International is the largest vertically integrated
cannabis company in Europe with a unique supply and distribution
network throughout the European market, bringing together
pioneering science and research with cutting-edge cultivation,
extraction and production.
Curaleaf's revenue from its retail operations grew to $187.7
million in the first quarter from $56.6 million a year ago, while
wholesale revenue — which focuses on the company’s Select brand of
cannabis products — grew to $72.2 million from $20.4 million. Last
week Curaleaf announced the launch of the B Noble brand in
Massachusetts and Maryland, with a national rollout continuing into
Fall 2021. B Noble was founded by well-known visual artist,
filmmaker and hip-hop pioneer, Fab 5 Freddy, to raise awareness and
create funding to defend people from cannabis-related
criminalization. The brand is dedicated to telling the story of
namesake Bernard Noble, who was arrested in Louisiana and sentenced
to 13 years hard labor in prison for possessing the equivalent of
two joints. For more information on Curaleaf Holdings visit
http://www.curaleaf.com.
Green Thumb Industries Inc. (GTBIF) is a
national cannabis consumer packaged goods company and retailer that
promotes well-being through the power of cannabis while giving back
to the communities in which it serves. Green Thumb manufactures and
distributes a portfolio of branded cannabis products including
Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel
Collection. The company also owns and operates rapidly growing
national retail cannabis stores called Rise Dispensaries.
Headquartered in Chicago, Illinois, Green Thumb has 15
manufacturing facilities, licenses for 110 retail locations and
operations across 13 U.S. markets. Established in 2014, Green Thumb
employs over 2,700 people and serves thousands of patients and
customers each year. The company was named to Crain’s Fast 50 list
in 2021 and a Best Workplace by MG Retailer magazine in 2018 and
2019.
Earlier this month Green Thumb Industries announced it closed on
its acquisition of Dharma Pharmaceuticals LLC. As one of only five
licenses in the Virginia medical cannabis market, Dharma is
licensed to grow, process and retail cannabis directly to patients.
Prior to this announcement Green Thumb Industries announced that it
will hold a conference call on Wednesday, August 11, 2021 at 5:00
p.m. ET following the release of its second quarter 2021 financial
results after market close. For more information on Green Thumb
Industries visit http://www.gtigrows.com.
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