Canadian Hashish Cultivation License Awards Surge – New Hashish Ventures

In 2015, Well being Canada issued simply 5 new hashish cultivation licenses all through all of the yr. Final week, it issued simply as many, bringing the year-to-date overall to 13 and surpassing the 10 granted in 2016, with a complete of 50 licenses having now been issued, all of that are to be had right here.

The 5 newly named license holders alphabetically are Canveda, World Herbs Clinical Marijuana (Zenabis), Northern Lighting fixtures Marijuana Corporate (DOJA Hashish), rTrees Manufacturers Restricted and Sundial Growers. Canveda was once the one new Ontario-based LP, whilst World Herbs and Northern Lighting fixtures are BC-based and rTrees and Sundial are founded in Saskatchewan and Alberta, respectively. rTrees was once received via Cover Enlargement (TSX: WEED) (OTC: TWMJF) previous this yr. Northern Lighting fixtures merged with Spirit Gold (TSXV: SG) previous this yr however has been halted from buying and selling since February. Sundial is among the named companions of Hashish Wheaton (TSXV: CBW) (OTC: KWFLF).

The rise within the collection of licenses follows quite a lot of fresh adjustments conveyed via Well being Canada in overdue Might. As Canada prepares for legalization for adults in 2018, the federal government is concerned with an good enough provide of hashish.

Prior to this hashish inventory information is right here, it is printed to subscribers on 420 Investor.

Unique article via Alan Brochstein, CFA

ab-byline-ncvBased totally in Houston, Alan leverages his revel in as founding father of on-line communities 420 Investor, the primary and nonetheless greatest due diligence platform centered at the publicly-traded shares within the hashish business. Along with his in depth community within the hashish neighborhood, Alan continues to search out new tactics to attach the business and facilitate its sustainable expansion. At New Hashish Ventures, he’s answerable for content material construction and strategic alliances. Prior to transferring his center of attention to the hashish business in early 2013, Alan, who started his profession on Wall Side road in 1986, labored as an unbiased analysis analyst following over 20 years in analysis and portfolio control. A prolific author, with over 650 articles printed since 2007 at In search of Alpha, the place he has 70,000 fans, Alan is a common speaker at business meetings and a common supply to the media, together with the NY Instances, the Wall Side road Magazine, Fox Industry, and Bloomberg TV.

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On this article:
ACMPR, Hashish Wheaton, Cover Enlargement, Canveda, CBW, DOJA, Well being Canada, World Herbs Clinical Marijuana, KWFLF, Northern LIghts Marijuana Corporate, rTrees, SG, Spirit Gold, sundial growers, TWMJF, WEED, Zenabis

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