Alan Brochstein published an article on the publicly-traded Canadian cannabis stocks, including Aphria, Aurora Cannabis, Canopy Growth, Emerald Health, Mettrum, OrganiGram, PharmaCan Capital and Supreme Pharma. The article, which is the first in a series, included background on both the MMPR program and the potential legalization in Canada, a discussion of the 8 companies and a comparison of the valuation of the industry relative to GW Pharma, which has binary risk of drug approval and may not generate the level of sales that the Canadian LPs could produce in the coming years.
Summary
- Canada has become the global leader in the legal cannabis industry.
- There are several publicly-traded companies holding licenses and exhibiting strong growth.
- The entire sector is valued less than biotech GW Pharma.
- 2016 could see Canada become the first G-7 country to legalize cannabis for adult use.
Read Alan Brochstein’s “Capitalizing On Cannabis In Canada – Part 1”: http://seekingalpha.com/article/3778636-capitalizing-on-cannabis-in-canada-part-1
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