Marijuana stocks have been quite notable over the course of the past few years, but mainly toward the beginning of this year, we have seen a large amount of notoriety entering the space. Many companies, and not just the ones who grow the raw substance, have managed to bring new innovation into cannabis and have been working to increase shareholder value for the future of the industry. All in all, it seems as though the best advice is to have no prejudice toward what the company does, as long as they are different and show solid results upon researching.
Biome Grow Inc. (BIOIF/BIO.CN) is considered to be a cannabis conglomerate that is based in Canada. The company has a goal of becoming one of the largest cannabis company’s in the industry, and it looks like they are well on their way through their commitment to increasing stock value across their broad spectrum of in house companies.
Biome Grow Inc. states that their “expertise and experience in the cannabis, technology and financial sectors to our strategically executed regional footprints which help to diversify local economies while positioning us for global expansion, we are built for growth and built to last in this fast moving but volatile sector.”
Recently, they announced that they have agreed into a Memorandum of Understanding to purchase around 20,000 kilograms per year of hemp-grown CBD extract from the large hemp grower CBD Acres. Additionally, they also stated that they have produced their first shipment of the finished product which will be sent to Newfoundland and Labrador. One of their subsidiaries, Highland Grow, also recently was granted a Grow License from the regulatory board Health Canada. Their Nova Scotia facility holds around 6,500 square feet of grow space on sits on as much as 19 acres of farmland.
The company was acquired back in April of last year and has since been working to finish the recital of their cultivation licenses. Their license is currently under review, but this should change in the near future as they continue to work on the construction of the facility. All in all, Biome Grow Inc. seems as though they are quite well positioned to take advantage of the shifting cannabis industry for the near future and into the coming years.
Constellation Brands (NYSE:STZ) is in no way a cannabis-based company, but they have been working to delve deeper into the marijuana market. The company operates as the producer and distributor of many of the top brands of alcohol around the world. A few months ago, the company decided to take a $4 billion investment in Canopy Growth Corp. (NYSE:CGC) which ended up giving them a 38% stake in the latter.
Constellation Brands remains an interesting play for those who don’t want the full exposure to the cannabis market but still would like to have one foot in the industry. Just remember to always do the research needed in a given company before putting any money in.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Biome Grow, Midam is being paid a total of $240,000 ($20,000 per month) for a period beginning on October 1, 2018, and ending on October 1, 2019. We own 0 shares of Biome Grow (BIO.CN). We may buy or sell additional shares of Biome Grow in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Biome Grow (BIO.CN).
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