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The feedback received on our industry first “old world meets new world” strategy has been nothing short of overwhelming and you likely have seen this strategy rebranded/renamed and since suggested by others on social media or in their own blogs and newsletters. This recent article, although promotional by design, does point out how blockchain and cryptocurrency will benefit the Canadian cannabis industry including government. I encourage you to also read the whitepaper by this same company (Budbo of California).
And do not forget about Private Placements whether from publicly traded or from private companies. The latter is naturally riskier because of a lack of liquidity (shares do not freely trade on an exchange) but often have the greatest upside potential. One such private company that is currently accepted qualified Accredited Investors is GTEC Holdings. If you are not Accredited and/or wanting a publicly traded company then I as I reported last month, consider the True Leaf Medicine Inc (CSE:MJ; OTC:TRLFF) Crowdfunding opportunity – shares in this offering are being sold at $0.70 and at time of writing shares are trading at over $1.70. As an Accredited Investor said to me, Private Placements are an example of how “the rich get richer”. The True Leaf offering has a low minimum investment as well at CAD$350 (USD$300) but there are no warrants. There is a four month + 1 day hold (standard) meaning that even if True Leaf fell 50% in that time you are still up over 12%. True Leaf is a late stage ACMPR applicant expected to receive their license before the summer and is also an international top seller of HEMP dog treats. Those interested in a crowdfunding opportunity of a private company with a minimum investment of only USD$100 should refer to a case study in this month’s issue on CANVRE as well as the December issue of the USA edition.