GREY:ISCNF - Post Discussion
Post by
ProfPennyPinch on Apr 15, 2021 3:26pm
$IPOT - Isracann Biosciences
Isracann’s strategy to grow in Israel for domestic and international consumption (in Europe) is solid. With Europe’s cannabis market expected to see a 29.6% CAGR from 2020-2027, the future size of the market will be absolutely huge. With legalization being a hot topic around the world all I’m waiting for now is the inspection of $IPOT’s facility to be completed and a news release announcing the approval to receive a license to grow their product.
https://www.businesswire.com/news/home/20200826005435/en/European-Cannabis-Market-Worth-37-Billion-by-2027-Rising-at-a-CAGR-of-29.6-Between-2020-2027---ResearchAndMarkets.com
Israel has the highest population of cannabis users per capita in the world making it a massive market despite the country having a fairly small population. Seeing support at $0.26 levels and the stock is trading just a bit higher at $0.27. I expect to see sideways trading for a bit here until they announce the news on the inspection. Holding patiently until they begin growing!!
Be the first to comment on this post