Yahoo Finance Three Cannabis Stocks with an Incredible Advantage
HOUSTON, TX / ACCESSWIRE / April 8, 2019 / As cannabis-infused products find their way onto the shelves of major retailers, analysts believe the trend provide a significant catalyst.
"We have seen a high level of interest in cannabis beauty from retailers over the past month based on our store checks and incremental launches. We expect further retailer developments in the coming months," noted analysts at Piper Jaffray, as quoted by CNBC.
In fact, Piper Jaffray believes the CBD market alone could be worth up to $100 billion.
"Experts believe CBD consumer sales could reach $2 billion by 2022," said Nik Modi, an analyst with RBC Capital Markets, as quoted by CSP Daily News.
That's creating sizable opportunity for several companies, including The Yield Growth Corporation (CSE: BOSS)(OTCQB: BOSQF), Green Thumb Industries Inc. (CN: GTII)(OTC: GTBIF), and The Green Organic Dutchman (TO: TGOD)(OTC: TGODF).
The Yield Growth Corporation's (BOSS)(BOSQF) CEO Penny Green was interviewed by Jack Marks of Wall Street Reporter. The interview sheds new light on the topicals vertical in the burgeoning global cannabis industry, which Deloitte predicts will surpass $31 billion by 2021.
Marks and Penny discussed the flurry of news that Yield Growth has announced since its December 2018 IPO, including the launch of its flagship brand, Urban Juve, a line of skin and body care products utilizing its proprietary ingredient, hemp root oil, with formulations based on ancient Ayurvedic medicine. Green noted that 11 Urban Juve products are already slated for sale in more than 70 stores across Canada and online for both US and Canadian customers, with dozens more coming to market this year.
"The international wellness industry is $4.2 trillion. That's where we saw a huge opportunity--in the intersection of cannabis with wellness products," explains Green. "In the cosmetics industry, once you have a brand that consumers like and that they adopt and they accept, it's crazy how fast you can grow to $50M or $100M in revenue. That's what we're after."
The securities lawyer, recently recognized as one of Profit Magazine's 100 most successful women entrepreneurs, also believes that Yield Growth's leadership team is more than qualified to execute on the opportunity.
For More Information on The Yield Growth Corporation, Click Here.
Green Thumb Industries Inc. (GTII)(GTBIF)just acquired theFor Success Holding Company, the creator of the lifestyle suite of Beboe branded cannabis products. Beboe is currently available in more than 125 retail locations in California and Colorado and via home delivery across California. In 2018, Beboe launched a direct-to-consumer hemp-derived CBD line of products and introduced several collaborations, including a CBD-infused drink with wellness brand Dirty Lemon.
At the moment, the company operates 18 retail cannabis stores with licenses for another 65 stores across 11 states including California, Connecticut, Florida, Illinois, Massachusetts, Maryland, Nevada, New Jersey, New York, Ohio, and Pennsylvania.
For More Information on Green Thumb Industries Inc., Click Here.
The Green Organic Dutchman (TGOD)(TGODF)is developing a distribution hug for large-scale beverage and edible products that can be introduced in Canada and abroad.
"We believe that the beverage and edible market will be the largest single segment of the cannabis market. Cannabis, as the base ingredient, makes these products possible. The medicinal and recreational market for CBD and THC will only increase over time and starting with an organic input is the most important aspect to developing these higher margin products," notes TGOD President Csaba Reider.
In its most recent quarter, the company had a net loss of C$45.2 million, or 21 cents a share, which was wider that the C$13.5 million loss booked a year-earlier. Revenue rose to C$1.9 million, as the company realized its first quarterly revenue. The company also ended the year with C$263.5 million in cash, which can be used to fund its international expansion goals.
For More Information on The Green Organic Dutchman Holdings Ltd., Click Here.
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