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Staying on top of current events includes Nevada! Nevada is on the cusp of a legal adult recreational market – there are several public companies operating there including Canadian companies that trade on a national stock exchange but have OTC tickers. These are very interesting ones to consider on the first day they list. By example, Friday Night Inc. (CSE:TGIF; OTC:VPGDF) commenced trading on April 16 and opened at $0.195 and reached a high of $0.40 before closing at $0.32. There are of course many companies for you to research and TGIF was mentioned here because of the 100% same day gain.
Past articles included how one can could look at participating in Private Placements and even Crowdfunding (HelloMD) to invest in companies before their shares are available publicly. Such opportunities are often said to be where the real money is made. A new crowdsourcing source for the industry has been launched –
Herbal Compliance. A leader in the HEMP Pet treats sector, True Leaf Medicine International Inc (CSE:MJ; OTC:TLFMF) is no stranger to these pages. MJ is also a late stage applicant to become a Licensed Producer in Canada. MJ is accepting early registrations for its soon to be announced crowdfunding initiative and the minimum investment is only $250.
CASE STUDY 2 – EMBLEM CORPORATION (TSXV:EMC; OTC:EMMBF)
-Licensed Producer (ACMPR) – cultivation and grow (dry and oil) and sales (dry).
-Growise Health, a leading cannabis clinic, is a subsidiary of Emblem and has partnered with Canada’s largest medical clinic (The Oshawa Clinic).
-Patient growth has been accelerating.
-A number of recent articles stating that Emblem is undervalued. May 30, PI Financial’s BUY rating was reiterated with a $3.75 price target.
-Announced land acquisition for capacity expansion in preparation for the legalization of the Canadian adult recreational cannabis market
-Emblem envisions that Canadian adult recreational market to be analogous to wine where one can buy “fine wine” or house brand “table wine” and Emblem is looking to supply product at the upper end where margins are expected to be attractive