Five ways to play the emerging global cannabis industry, from Colombia to Denmark
Financial Post, by Victor Ferreira, June 17, 2019
Take a look at these opportunities outside the U.S. and Canada
Since recreational cannabis was legalized in Canada in October 2018, most investors looking to catch a ride on the green wave, bumpy as it may be, have focussed on the opportunities available at home and in the United States. But while Canada may have taken the biggest leap into the legal realm, it is not the only country in which attitudes toward cannabis are changing. Here’s a look at five internationally focussed stocks that investors can look to for exposure to the emerging global cannabis industry.
PharmaCielo has its head office in Toronto but operates in Colombia, where it’s building itself up as an outdoor producer of medicinal cannabis. What’s most appealing about the company for an investor, according to Horizons ETF’s president Steve Hawkins, is its ability to grow cannabis at an extreme discount in comparison to Canadian growers. PharmaCielo reports that it can grow at five cents per gram instead of around $2 per gram in Canada. With a distribution channel that includes export licences to more than 15 countries, PharmaCielo can access other markets without needing to worry about what it’s paying to ship its product there because it’s growing costs are so minimal. That also means they’ll have more and more room to continue to grow, he said. PharmaCielo is listed in Canada on the Canadian Venture Exchange. …