The Canadian cannabis tech stocks we’ve extracted are engaged in the creation of cannabis products and derivatives
SmallCapPower| April 10, 2019: The cannabis market is projected to move towards cannabis products and derivatives over dried flowers. Growth in concentrates and derivative sales are set to outpace that of traditional died flower sales. According to the Green Entrepreneur, by 2022, concentrates are expected to reach $8.5B in retail revenues through the sales of products such as vapes, edibles, beverages, sprays, capsules, patches, oils, and more. Thus, the future appears to be bright for the Canadian cannabis tech stocks on our list today.
*Share prices as at April 8, 2019, data obtained from S&P Capital IQ
Canna-V-Cell Sciences Inc. (CSE:CNVC) – $0.19
Canna-V-Cell Sciences is the exclusive cannabis worldwide licensee of the proprietary and patent protected BioHarvest technology. It is the first and only industrial large-scale plant cell growth technology capable of directly and constantly producing the active plant ingredients without the necessity to grow the plant itself. By adopting this technology and building adequate cells production capacity, Canna-V-Cell’s objective is to become the leading supplier of cannabis for both medicinal and recreational legal use. On April 4, the Company announced it reached the next development stage to multiply cannabis cell tissues on solid media, which is part of its program of applying the biopharming technology to cannabis.
- Market Cap: $18.3 Million
- 7-Day Total Return: +18.8%
- 30-Day Total Return: -15.6%
- YTD Total return: +2.7%
Nextleaf Solutions Ltd. (CSE:OILS) – $0.33
Nextleaf Solutions is a Canadian extraction technology company that has developed a portfolio of issued and pending patents pertaining to the Company’s unique, industrial-scale process of producing purified cannabinoid distillate, a tasteless, odourless cannabis concentrate best suited for infusing premium value-added products. As of March 14, the Company closed its reverse takeover (RTO) financing of $5.0M, which will be used to complete the build out of its 6,540 sq. ft. processing facility located in the Greater Vancouver Area, B.C. Based on one shift per day, OILS expects the Phase One buildout of its facility to have an estimated annual processing capacity of 100,000 kg of dried cannabis biomass. The Company currently has an issued U.S. patent on the entire end-to-end process (from biomass preparation to molecular distillation), and to our knowledge, is currently the only publicly-traded cannabis company to have a cannabis-specific extraction patent granted by the U.S. Patent Agency. On March 21, the Company commenced trading on the CSE under Ticker “OILS.”
- Market Cap: $31.9 Million
- 7-Day Total Return: -2.9%
- 30-Day Total Return: -17.5%
- YTD Total return: -17.5%
Quadron Cannatech Corporation (CSE:QCC) – $0.23
Quadron Cannatech is an automated extraction and processing company that provides turnkey solutions for the cannabis industry. The Company provides ancillary equipment, products, industrial grade equipment, customer build processing facilities, and scientific services. Quadron delivers innovative and cost-effective solutions to help growers, producers, and processors develop market-ready products. On February 13, the Company reported Q3/18 revenues of $1.9M.
- Market Cap: $16.5 Million
- 7-Day Total Return: -6.1%
- 30-Day Total Return: +4.6%
- YTD Total return: +109.1%
Ubika Research/SmallCapPower has received compensation from Nextleaf Solutions to provide analyst research coverage. For full disclosure please visit here >>
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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