November was a real game changer for the cannabis industry. With these important changes, where are the leading cannabis investors allocating their capital now?
Across the planet, the cannabis industry is rapidly expanding into new frontiers like we’ve never witnessed before. The U.S. midterm elections brought us three more states with legalized marijuana, and now believe it or not, 80 million Americans now have legal access to recreational marijuana, medical marijuana, or both.
We’ve been consistently among the only financial newsletters to report on the most important events in the legalized cannabis market. We published the passage of Bill C-45 (the Cannabis Act), which opened the door to legal marijuana sales throughout Canada, but our relationships with top-management in the Canadian cannabis sector go back to 2013.
With CAD$14M in cash, zero debt, and with the 8,000KG facility already fully-funded, I’m shocked that PURE Global Cannabis (TSX-V: PURE & US: PRCNF) has a market cap of only CAD$34.7M.
Fortunes are made most assuredly when specific procedures are set in motion, as to bring about such durable competitive advantages to a dominating business that it becomes nearly impossible to eliminate the leader.