CannabisNews420.com – Cannabis/Marijuana Industry News
As February wraps up, the Investing News Network (INN) offers a closer look at the biggest stories of the month in the cannabis public markets.
During the month, the upcoming retail market in Ontario gain attention from the market as public companies began securing arrangements with winners of a lottery set to determine the first 25 stores in the province.
Ontario is one of the most coveted marijuana markets in Canada, and as such firms such as Canopy Growth (NYSE:CGC,TSX:WEED), Aurora Cannabis (NYSE:ACB,TSX:ACB), Alcanna (TSX:CLIQ), High Tide (CSE:HITI,OTC Pink:HTDEF), Fire & Flower Holdings (TSXV:FAF), Choom (CSE:CHOO,OTCQB:CHOOF) and Inner Spirit Holdings (CSE:ISH) in partnership with licensed producer (LP) Newstrike Brands (TSXV:HIP,OTC Pink:NWKRF) have secured deals in place directly or through investment in other firms.
“It was no secret that deals were being tabled in the week that our retail operators had to complete their retail operator license application,” Brenna Boonstra, director of quality and regulatory consulting Cannabis Compliance, told INN.
2019 will offer a different trend in marijuana investing
As part of an evaluation with experts and analysts of the cannabis public market, INN put together a guide for investors of the key investment trend in 2019: multi-state operators (MSOs).
“What we’ve done is become more aggressive on the US cannabis names, just over the past five to six months, rather than focus on the Canadian licensed producers (LPs),” Nawan Butt, portfolio manager with Purpose Investments said.
He is referring to companies operating the US legal cannabis states, through the rollout of networks of dispensaries, growing facilities and more.
These ventures have quickly risen in the attention from the market and investors.
“I think that the US companies have the confidence of investors and they’re going to be able to raise more capital,” Alan Brochstein, cannabis researcher with 420 Investor, told INN.
Watch the video above for more on what happened during the month of February.
Don’t forget to follow us @INN_Cannabis for real-time news updates!
Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: High Tide and Inner Spirit Holdings are clients of the Investing News Network. This article is not paid-for content.
The post VIDEO — Cannabis Update February 2019 appeared first on Investing News Network.