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VANCOUVER, WASHINGTON, CANADA, October 17, 2021 /EINPresswire.com/ – After years of prohibition, the cannabis industry is now experiencing massive growth. In fact, the global legal cannabis market is projected to grow to $ 70.6 billion by 2028. As a result, many investors are now focused on investing in cannabis.
The cannabis industry comprises a dynamic list of companies. Some of these well-known leaders in the cannabis sector support and engage in research, while others focus on the sale and distribution of recreational and / or medicinal marijuana. However, these companies, sometimes referred to as “cannabis companies,” prove that cannabis companies are growing exponentially.
According to a presentation by the ETFMG Alternative Harvest ETF, cannabis (MJ) stocks slightly outperformed the overall market. MJ stocks, which are made up of giant cannabis companies like Canopy Growth Corp., Cronos Group Inc., Aurora Cannabis Inc., which combined have posted a total return of 36.9% over the past 12 months, just above Russell 1000, whose total return index was in August 2021 at 35.0%. However, these are the front runners when it comes to cannabis businesses.
Village Farms International Inc. is arguably one of the largest and longest operating vertically integrated agricultural greenhouse growers in Canada. The company grows the highest quality agricultural products, including vegetables such as tomatoes and cucumbers, and sells them consistently to national grocers in Canada and the United States year-round. Village Farms also produces premium quality cannabis. Their fresh produce is distributed from controlled environmental agriculture (CEA) greenhouses in Canada and the United States. They also work with growers in Mexico.
Innovative Industrial Properties – This is certainly no ordinary cannabis company as Innovative Industrial Properties is not involved in the cultivation or sale of cannabis or its derivatives. Instead, this unique real estate investment trust owns and rents real estate assets. It focuses solely on building, developing, owning, managing, and renting real estate to experienced government-licensed marijuana operators.
High Tide Inc. is a retail cannabis company and a global manufacturer and distributor of state-of-the-art cannabis consumption accessories. The dominant Canadian company has entered the market with high quality and licensed accessories that are available in nearly 20 countries and sold in nearly 3000 stores worldwide. According to Raj Grover, CEO of High Tide, the company makes 75% of the products sold in all of its stores.
Scotts Miracle-Gro is an American multinational company focused on the provision of lawn and garden resources. There is also professional advice available to help growers and gardeners in the United States and around the world. The company also manufactures and sells safe, authentic and highly effective pesticides. Essentially, Scotts utilize everything a cannabis grower needs for a healthy and bountiful harvest. In addition, they also take care of the needs of indoor growers by making the best hydroponic systems, plant nutrients, lighting, air filtration and nutritional supplements for cannabis plants. Because Scotts Miracle-Gro is very diverse, its bright future doesn’t depend entirely on cannabis. In other words, if cannabis legalization in the US stops, this remarkable company will in any case continue to thrive.
Verona Holdings is a state-of-the-art cannabis company that makes a variety of medical marijuana and adult cannabis products. The products, including concentrates, edibles, topicals, extracts and flowers, are sold through the portfolio of the four brands: Alexia, Encore, Verano and MÜV.
Due to the legalization of recreational grass in Canada, as well as deregulation in other parts of the world, the cannabis market is expected to continue growing rapidly. For more information and testimonials on the cannabis companies due for review this year, click here
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October 17, 2021 at 2:54 pm GMT
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