There are few things that can send a stock soaring like a buyout. Right now I see a wave of buyouts ready to pop off in the Australian cannabis sector- and I want to show you how you can profit. Let’s take a closer look.
Cann Group, Inc.(CNGGF) is an early industry leader in Australia’s high-growth cannabis market.
In 2017, it became the first Australian recipient of research & medicinal cannabis cultivation licenses and the only company to have licenses reissued for year two.
Since acquiring these permits, Cann Group has been investing millions into expanding production and medical research.
For example, Cann Group is building a new state of the art cannabis greenhouse and R&D center with the ability to grow thousands of pounds of cannabis every month.
Funding has been secured for all three stages of the project. This new facility will be the nucleus of Cann Group’s potential expansion across Australia.
The Canadian cannabis sector scored another blockbuster win last week - and it led to a quick 30% gain for one of Canada's most promising young cannabis companies. If you missed the recent pop higher don't worry - I see this same pattern repeating itself at least a few more times in the next three months. Here's what is going on.
Cronos Group (CRON) is one of Canada's largest and most promising cannabis companies. Shares began trading on the Toronto Venture Stock Exchange in December of 2014. Since then, Cronos has delivered huge gains to shareholders, jumping more than 1400% from its IPO price of $.80.