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"