RE:TGIF flew. MGW will be next.Same here. In ACB at $2.05... stalled... Market is waiting for the outcome of the CMED deal. ACB will rocket with a positive outcome. Long on N, TGIF, TNY, TBP, and RTI. Most recent acquisition: ABCN. While access to capital and licensing could become a major constraint for smaller cannabis companies, Cannabis Wheaton's flexible royalty model will allow it to become profitable much faster than the competition as production increases. Recent catalysts for the company's future prospects include a $15 million purchase of shares in ABcann Global Corporation (ABcann) in August, which forms part of a larger investment into ABcann that will add 50,000 square feet of acreage to ABcann's cultivation facility. Another $15 million purchase of ABcann shares is scheduled for next year, with half of the production revenues of such 50,000 square foot expansion going to CBW.
ABcann could become a major supplier to CBW in the future, as it brings this new capacity on-line. With a planned for margin of $4.5/gram, that could translate into a 70 percent internal rate of return.
The company's CEO Chuck Rifici co-founded Canopy Growth Corp. (formerly Tweed Marijuana Inc.) which has a current market cap of over $3.7 billion and now he looks to do the same with Cannabis Wheaton. There is strong political support for CBW's unique business model, which could prevent a major supply deficit in cannabis once it becomes legal for recreational use in 2018.
With support like this, a strong model and high potential for immense growth once legalization takes off, Cannabis Wheaton and ABcann are definitely cannabis stocks to watch.