It may be taken as a given that in the recent past speculators and stakeholders alike have watched a veritable comet’s arc in collective investment amid the cannabis space. An industry worth $910 million in 2015 reached $13.8 billion in 2018, and it seems bound only sunward yet: The bottom line is, the sky’s the limit.
The market has vast potential for generating future profits. It has not yet been six months since Canada activated its nationwide adult-use program, though the industry has meanwhile grown massively, welcoming companies and investment from quarters previously thought unimaginable to have any involvement.
For now, the leading quartet of companies – Canopy Growth Co CGC 1.13%, Aurora Cannabis Inc ACB 1.22%, Tilray Inc TLRY 3.3%, and Cronos Group Inc CRON– which are exclusively involved with cannabis seem likely to reach newer heights of valuation even as they combine to lose vast amounts on an operating basis. Even if not simultaneously so, each of those popular, brand-name cannabis stocks seem poised to turn inexorably toward profitability.
Given its capacity for a reported 700,000 kilos (1.54 million lbs.) in peak annual output, Aurora Cannabis represents Canada’s largest producer, a position which makes it seem likeliest to be first in becoming profitable on an operating basis (i.e., without aid from one-time benefits or fair-value adjustments).
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For Cannabis Industry Investment, 2018 Was Terrific But 2019 Looks Even Better
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