Analysis originally distributed on March 21, 2018 By: Michael Vodicka of Cannabis Stock Trades
Cannabis testing services is a high-growth cannabis sub-industry.
According to data from cannabis industry media company, High Times, the cannabis lab testing industry was valued at $866MM in 2016.
With more countries legalizing cannabis, demand for testing is expected to soar, with the cannabis testing industry expected to grow to $1.4 billion by 2021.
Today - I am going to reveal a little-known cannabis company cashing in big time from this high-growth sub-industry.
- Sales were up 438% in 12 months.
- It continues to expand in high-growth California.
- Shares are trading almost 50% below the 52-week high.
Evio Labs (OTC:EVIO) is a promising young cannabis company headquartered in Oregon with a market cap of $18MM.
I see a lot of growth potential for Evio. Continue reading "Cannabis Testing Company Sales Jump 438%"
Analysis originally distributed on March 14, 2018 By: Michael Vodicka of Cannabis Stock Trades
Cannabis beverages are quickly emerging as one of the fastest growing cannabis sub-industries.
For proof - look no further than Canopy Growth Corp (TWMJF), Canada's largest cannabis company.
Back in October, Canopy announced a groundbreaking $200 million investment from Constellation Brands (CONST), the third largest US beer distributor with Corona on the roster.
In the short run, news of the investment sent shares of Canopy soaring - jumping more than 100% in the next 10 weeks.
More importantly - the deal signaled an important shift in the Canadian cannabis industry. Continue reading "Canadian Cannabis Company Betting Big On Beverages"
Analysis originally distributed on September 14, 2017 By: Michael Vodicka of Cannabis Stock Trades
Pets are big business in the US and around across the globe.
In 2016 U.S. consumers spent over $67 billion on pet-related products, up 11% from the year before.
While food accounts for the highest percent of spending, pet medications were close behind at $8 billion. Spending on pet medications is expected to grow another 10% in 2017 to $9 billion.
These huge sales numbers have gotten the attention of the cannabis industry. Capturing even a small percent of the pet medication market could mean hundreds of millions in profit.
That's why I am excited to share an early industry leader that most investors have never heard of.
- Sales are up more than 1,000% in the last 12 months.
- Shares have risen 122% since January.
With the cannabis for pets industry still in its early stages - I see plenty of room for growth for this undercover cannabis company. True Leaf Medicine International Ltd. (TRLFF) is a Canadian cannabis company founded in 2013 and headquartered in British Columbia.
Shares are listed on the Canadian Securities Exchange under the ticker symbol MJ. I see average daily trading volume around 100,000 shares here, so this stock has plenty of liquidity for most investors. Continue reading "Hemp For Pets Company Up 122% In 2017"