Canopy Growth (CGC) could add some heat to your portfolio.
Canopy Growth is the #1 cannabis stock in Canada. And Canada is the #1 country in the movement to legalize cannabis. That makes Canopy a must own for every investor who is serious about the sector. You can think of Canopy as “the blue chip of pot stocks” — in a world filled with penny stocks.
Canopy is a licensed cannabis producer in Canada. That basically means the company has received licenses from Health Canada that allow it to grow, produce and sell cannabis to medical patients.
On October 17, Canada plans to roll-out nationwide sales of cannabis for recreational use. That means anyone over the age of 18 or 19 to purchase and use cannabis. Individual provinces set the rules, so age requirements are different in various parts of the country. The roll-out will likely unleash a new sales stream for Canopy and the entire and the entire cannabis industry.
Today, Canopy operates with eight licenses. And the company currently operates seven facilities with 665,000 square feet of greenhouses producing cannabis. But that's really just the start — Canopy has plans for an additional five million square feet of greenhouse space for growing cannabis.
The company is truly a global player. It's launched subsidiaries or partnerships in countries including Australia, Brazil, Chile, Denmark, Germany, Jamaica and Spain.
The company's rapid growth — and global plans — caught the attention of one Fortune 500 company. Constellation Brands (STZ) , a leading alcohol company, invested C$245 million to acquire a 9.9% equity stake in Canopy in 2017. The investment took place at just under C$13 per share.
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The Bottom Line
Most folks will sit on the sidelines with the stock. Some will dabble in tiny penny cannabis stocks with a story and a dream. But those who believe in the sector's growth potential should consider loading up on Canopy Growth. It's the biggest and most dominant player.
The fact is, most of the tiny penny stocks operating in the newly formed marijuana markets are complete garbage.
That’s the truth of it…
But there are a few that have a legitimate chance of becoming Blue Chip Marijuana Firms.
And that’s certainly the case for this $0.16 marijuana player.
Because it was recently revealed that they are expected to deliver “the best quarter on record” to shareholders.
All three segments of operations — construction, wholesale and retail — are being reported as profitable and self-sustaining.
Not only that, but they could be getting ready to deliver some REALLY BIG NEWS…
Once the mainstream media begins covering this story… it could send share prices screaming higher.
Click here to find out how you can legally stake a claim in the best-of-the-best that this industry has to offer.
If you don’t, you’ll probably regret it for the rest of your life.