7 Marijuana Companies That Could Win the American Market
Marijuana Industry News February 20, 2019 MJ Shareholders 0
As more and more states legalize marijuana, American companies are racing to establish multi-state cannabis empires. It is still illegal under federal law, so exchanges like the New York Stock Exchange and Nasdaq aren’t an option for these outfits. Seven of the multi-state chains have raised war chests and listed their stocks on the Canadian Securities Exchange. Their shares also trade in the U.S. on the OTC Market.
Most of these American marijuana merchants aren’t yet profitable, as they pour cash into growing operations, storefronts, and their house brands. But if you want to build a bracket for this Reefer March Madness, check out the contenders below, in order of stock market capitalization.
You can read more in this week’s cover story on the American marijuana industry.
Curaleaf
Curaleaf Holdings (CURA.Canada and CURLF.OTC) was launched by two fellows who got rich in Russia’s transition to capitalism—Boris Jordan and Andrei Blokh. It has deep pockets to make acquisitions and extend its dispensary network beyond the 13 states where it is licensed to open up to 61 shops. So far, 42 are up and running. It lost $41 million on sales of $55 million in the nine months ended September 2018. [Read more at Barron’s]
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
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