For the seventh time, I had the opportunity to be the keynote speaking at a Thinking North event. It was held on February 28, 2019 in Toronto.
It was a another successful Thinking North event with 150+ attendees. Four companies within the cannabis industry were provided with the chance to showcase their operations (for info on the companies, please see below). Stockhouse was a proud sponsor.
Here is an excerpt of my keynote talk:
2018 was certainly a year of highs and lows in the cannabis market. There were some considerable gains and other anticipated gains that seemed to go up in a puff of smoke.
Canada led the way, with national legalization toking up on October 17th.
New technologies are being developed all the time. Medical innovations are cropping up all over the place. Acquisitions are taking place left, right and center. Mergers, co-operations and takeovers are creating mega-companies.
Canadian companies are aggressively expanding their operations and sales into other countries. The European market, for example, is a huge and attractive target. According to The Globe and Mail, currently more than 20 European countries allow the use of medical marijuana.[1]
The Latin American market is projected to reach nearly US $13 billion by 2028, according to the LATAM Cannabis Report.[2] And that doesn’t even include Australia or Africa, for example.
So, it’s pretty exciting time for the industry. The market opportunities are far from over and the future holds some great ones. While the Canadian market is still blooming as far as company growth and investing potential, it’s time to look at the US market where the ride has begun, presenting a possible even bigger opportunity.
In 2018, the legal cannabis industry was $10.4 billion in the US, according to Senior Economist Beau Whitney of New Frontier Data.[3]
And that’s without national legalization in the US. Imagine the potential as legalization becomes more widespread.
As of January this year, recreational marijuana is legal in 10 states and medical marijuana in 33. While still far from complete legislation, the explosive market potential is going to continue to attract more ‘yes’ votes as more States want to get in on the action.
And then we have the major step of the passing of the Farm Bill. US Congress voted to pass it on December 12 and it was signed into law by President Trump on December 20. Now that hemp is removed from the federal list of controlled substances, the hemp-CBD industry is projected to grow to $22 billion by 2022, according to cannabis industry analysts the Brightfield Group.[4]
Add to that the general cannabis market outside of hemp, you can clearly read the smoke signals of incredible potential for investors.
The four companies who presented at the Thinking North event are:
AgraFlora Organics International, Inc.
Tim McNulty, Senior Relations Investment Advisor
www.agraflora.com
Formerly known as PUF Ventures Inc., AgraFlora Organics International Inc. (CSE: AGRA, FSE: PU31, OTCPK: PUFXF) is a growth oriented and diversified company focused on the international cannabis industry. It owns an indoor licensed cultivation operation in London, ON and is a joint venture partner in Propagation Service Canada and its 2,200,000 sq. ft. greenhouse complex in Delta, BC, the world’s second largest cannabis cultivation operations under glass. The Company has a successful record of creating shareholder value and is actively pursuing other opportunities within the cannabis industry.
Flurotech
Danna Dalla-Longa, CEO/Director
www.flurotech.com
FluroTech (TSX-V:TEST) is a technology and marketing company whose core business is focused on the commercialization of new technologies in the cannabis industry. FluroTech’s proprietary spectroscopy-based technology allows for the testing and identification of organic and inorganic compounds contained within biological samples derived from cannabis plants. Using the technology that was developed at the University of Calgary in conjunction with the University of Alberta, FluroTech has developed a two-part solution comprising an instrument called the CompleTest™ and consumable testing kits.
AAA Medic
Scott Jardin, President/CEO
Adam Coape Arnold,
www.aaamtl.com
AAA Medic Montreal Inc is headquartered in Montreal, and is currently building out a 10,000 square foot extraction facility in Laval, QC, a 35,000 square foot First Nations Craft Cultivation facility next to Oka, QC on the Sovereign Mohawk land of Kanesatake, an outdoor commercial hemp farm and future oil processing site on 2.5 million square feet in Ste. Luce, QC, and is working towards an Edibles & Beverages processing plant in the Eastern Townships of Quebec.
GroundLevel Insights
Asif R. Khan, Founder/CEO
www.groundlevelinsights.com
GroundLevel Insights offers information, focusing on the cannabis market, regarding social media engagement, location listings and the physical movements of buyers and sellers. Powered by the industry leading AI and location data science platform, GroundLevel can provide critical data leading to analysis of, for example, most desirable products, customer residential information and competitive factors.
HAPPY INVESTING!
DR. KAL KOTECHA
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[1] The Globe and Mail (March 2018) Research Projects Sales of Legal Cannabis Products to Accelerate This Year
https://www.theglobeandmail.com/investing/markets/stocks/CNABE/pressreleases/2114530/
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