The Canadian marijuana stocks we’ve dug up act as holdings companies for cannabis-related investments
SmallCapPower | January 23, 2019: With the legalization of cannabis in this rapidly- growing industry, the cannabis market provides countless opportunities. The Canadian marijuana stocks we’ve weeded out today are holdings companies that focus their investments on cannabis, taking advantage of the potential benefits the industry has to offer.
*Share prices as at close January 21, 2019, all data obtained from S&P Capital IQ
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SOL Global Investments Corp. (CSE:SOL) – $3.22
Cannabis
SOL Global Investments is an international investment company that focuses on cannabis and cannabis-related companies in the United States, Europe, as well as in the CBD/hemp marketplace. The Company has strategic partnerships and investments across the cultivation space, in addition to distribution and retail. On January 2, the Company announced its strategic partnership with GreenLight Pharmaceuticals Ltd., an Irish medical cannabis and CBD firm, looking to further solidify its global presence.
- Market Cap: $151.4 Million
- 7-Day Total Return: +10.3%
- 1-Month Total Return: +142.1%
Canopy Rivers Inc. (TSXV:RIV) – $4.18
Cannabis
Canopy Rivers is a public investment firm partnered with Canopy Growth Corp. (TSX:WEED), which focuses on pursuing opportunities in the global cannabis sector. On January 22, the Company announced its investment in a unique brand that focuses on the adult-use edibles and cannabis beverages market. Canopy Rivers invested in $1.5 million of preferred shares, receiving incremental warrants, as well as other governance-related rights.
- Market Cap: $715.9 Million
- 7-Day Total Return: -7.7%
- 1-Month Total Return: +60.8%
LGC Capital Ltd. (TSXV:LG) – $0.11
Cannabis
LGC Capital is an investment company that focuses on investments in private cannabis operations in Canada, Jamaica, Australia, South Africa, and Europe. The Company has several strategic alliances, seeking to capitalize on the global cannabis industry. In late December, management released a summary of the Company’s achievements in 2018, as well as a few future goals for 2019. Currently, LGC Capital is in negotiations with 12 franchisees for expansion in 2019 for EasyJoint, in addition to the 11 flagship stores already opened across Italy.
- Market Cap: $43.7 Million
- 7-Day Total Return: +0.0%
- 1-Month Total Return: +31.3%
Origin House (CSE:OH) – $8.12
Cannabis
Origin House is a Canada-based, private equity firm that specialized in acquisitions and investments in the legal cannabis sector. The Company focuses on research, intellectual property, products, and brands. Narrowing its investments to the American and Canadian markets, the firm takes majority stakes in companies. On January 21, Origin House announced the sale of 51% of its outstanding common stock of Bodhi Research to Green Relief, resulting in a $1.74 million in proceeds, 1,265% return on its investment.
- Market Cap: $491.1 Million
- 7-Day Total Return: -1.0%
- 1-Month Total Return: 40.7%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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