wussy wrote: LONDON, December 20, 2018 /PRNewswire via COMTEX/ -- LONDON, December 20, 2018 /PRNewswire/ --
After the M&A wave died down in 2018, many analysts thought the so-called "Green Rush" was over, but we think they were wrong. With a combination of newcomers and veterans vying for market share, it's safe to say the competition is getting intense. And with competition comes innovation. Included in today's commentary are: Auxly Cannabis Group CBWTF, +15.74% (tsx.v:XLY), merald Health Therapeutics EMHTF, +0.69% (tsx.v:EMH), Curaleaf Holdings CURLF, -0.62% (cse:CURA), OrganiGram Holdings OGRMF, -1.25% (tsx.v:OGI), CannTrust Holdings Inc. CNTTF, +8.68% (TRST). Gone are the days of simply cutting, drying and selling organic cannabis…Now there are hundreds, if not thousands of new products to manufacture, market and move. From THC and CBD oils to edibles and even beverages, the industry is evolving. Technology is taking over, with automation, data and artificial intelligence quickly becoming a necessity in the next stage of the Green Revolution. But it's not only about technological know-how. Staying relevant in today's cannabis markets requires grit, but more importantly, a global perspective. And the best positioned of the bunch are the ones with their feet on the ground, wheeling and dealing across the globe to snatch up the best opportunities at the right time.
Here are 5 cannabis companies investors should be following closely going into 2019: #1 - Auxly Cannabis Group (otcqx:CBWTF) (tsx.v:XLY)
Auxly is a newcomer to the marijuana industry, with a growing presence in Eastern Canada, especially Newfoundland. Through 2021, however, Auxly expects to capitalize on the massive supply shortage in Canada's newly legalized markets. Eventually supply will catch up with demand. In response, the company is aggressively climbing the value chain.
Investors are bullish on Auxly primarily because of its rapid rate of growth. And its recent strategic partnership with Atlantic Cultivation highlights that sentiment. In the $2.5 million deal, Auxly gained a 50 percent equity stake in Atlantic, in addition to a hefty agreement to purchase up to 30 percent of dried cannabis and trim at Atlantic's Newfoundland and Labrador Facilities
Hugo Alves, President and Director of Auxly commented: "This partnership with Atlantic, coupled with our premium craft producer Robinson's Cannabis in Nova Scotia and our world class innovation and extraction hub at Dosecann in PEI demonstrates Auxly's commitment to Atlantic Canada where we are building meaningful cannabis businesses that have a positive impact on the region."