Cannabis had a breakout year in 2016, and the inclusion of 4 cannabis companies in 2017 TSX Venture Top 50 clearly shows that there is a lot more to look forward to from this sector.
Companies across different sectors were evaluated via a ranking method that looked at 1,643 companies’ share price, trading volume and market capitalization.
Here is a look at the four cannabis companies that made it into the 2017 TSX Venture Top 50:
Aphria is a producer and supplier of medical cannabis in Ontario. In February, the company announced approval to graduate from the TSX Venture Exchange to the TSX, and is set to be finalized on or before May 3, 2017. Upon completion of the final listing requirements, Aphria’s shares will be delisted from the TSX Venture Exchange and will commence trading on the TSX.
Over a one-year period, the company’s share price has gained 457.14 percent.
Emerald Health Therapeutics (TSXV:EMH)
Emerald Health Therapeutics is a company focused on cultivating and selling medical cannabis through the Marihuana for Medical Purposes Regulations (MMPR). The company operates a cultivation facility in Victoria, British Columbia, and is planning to construct a 32 acre hybrid greenhouse facility in metro Vancouver. Emerald sells cannabis-based oils and dried cannabis.
Over a one-year period, the Emerald Health Therapeutics share price has gained 645.45 percent.
OrganiGram Holding (TSXV:OGI)
OrganiGram prides itself in growing organic medical marijuana, licensed under MMPR, and with a production facility in New Brunswick. The company recently found itself facing a proposed class-action lawsuit filed by a Halifax-based firm representing Organigram clients who claim they purchased and consumed their product and found it to contain trace elements of pesticides. In response, the company said it plans to “vigorously defend our company and its actions related to the product recall.” The class-action lawsuit only contains allegations that are not yet tested in court as of March 8, 2017.
Over a one-year period, the company’s share price has gone up by 174.36 percent.
Mettrum was acquired by Canopy Growth (TSX:CGC) in December 2016. Canopy Growth operates various brands in marijuana-related companies. The arrangement is anticipated to be completed soon.
Don’t forget to follow us @INN_Cannabis for real-time news updates!
Securities Disclosure: I, Pia Rivera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Mettrum is a client of the Investing News Network. This article is not paid-for content.
American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.
Meanwhile, a Canadian cannabis producer began offering CBD beverages in the US, another move that shows how interested Canadians are in the overall US cannabis market at the moment.
Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).