Canada is different from its neighbor in that it completely legalized cannabis nationwide in 2001. This implies that the industry got a chance to evolve without any restrictions like in the case of the United States which permits pot for medical purposes in 29 states. Canada has also passed a bill legalizing the use of cannabis for recreational purposes. Investors can enjoy some marijuana action with investment in top Canadian Pot Stocks traded in the OTC markets. Here are some of the companies worth considering for investment.
Canopy Growth Corp.
Known as the first unicorn of Canada in the stocks market, Canopy Growth sells its products under different names. The brand name ‘Tweed’ is the most recognized credited by rapper Snoop Dogg. It listed on NYSE in 2018.
Boosting itself to be one of the lowest cost cannabis producers, Aphria is a company involved in the production of marijuana and oil of different strengths and qualities. The stock surged in 2018 after the announcement about a deal selling its products online through a popular Canadian pharmacy chain, Shoppers Drug Mart.
Debuting on the Canadian venture stock exchange in 2016, Aurora Cannabis Inc. acquired a license for the sale of cannabis oil in 2017 apart from producing dry marijuana. It has long been in the OTC market with a return of 347 percent over a year. The company took over MedReleaf Corp. in 2018 for $2.5 billion. It has seen a growth of 292 percent in stock over the last year.
The Hexo Corperation
The only licensed producer of medical cannabis in Quebec, The Hydropothecary Corporation focuses on the production of marijuana for recreational use as well. With a lot of potential for growth and expansion, Hexo stands as one of the top options for pot stocks to invest in.
The Cronos Group.
The company is involved in investing in cannabis growers and other businesses dealing with marijuana. Its portfolio presently has six companies, two of which are completely owned by it while holding a lesser stake in others.
CannTrust Holdings Inc.
One of the leading pharmaceutical businesses in Canada, Appotex Inc. has a partnership with CannTrust Holdings. The company has a huge cultivation facility in the Niagara area of Canada which makes it the sixth largest cannabis facility in the country.
The portfolio of this company consists of cannabis oil and dry herb apart from weed accessories such as vaporizers available for purchase on its website. OrganiGram Holdings is involved in the production of organic marijuana for recreational and medicinal use.
The Supreme Cannabis Company Inc.
Involved in the production of cannabis under the banner of a fully-owned subsidiary named 7Acres, this company changed its name to the Supreme Cannabis Company from SupremePharma. It is one of the best pot stocks in Canada to consider.
Emerald Health Therapeutics
Cultivating and distributing dry marijuana and cannabis oil, Emerald Health Therapeutics is based in British Columbia. Reports suggest that Emerald recently raised 10 million CAD in equity.
Namaste Technologies Inc.
Focusing on the eCommerce side of medical cannabis business, Namaste Technologies operates up to 32 websites and across 20 countries. It added CannMart into its portfolio in 2017. CannMart has a huge distribution network in Toronto, helping the e-commerce business expand its distribution.
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