The company cites competitive advantages including management’s financial contacts for venture capital, and its track record of negotiating joint venture deals and managing private and public companies. The industry s profit margin and potential for growth (especially if Canada ever decides to legalize recreational use) have already enticed more than 600 players to apply for a producer’s licence. This Tuesday marks the cutover to new medical marijuana regulations from Health Canada, which aim to privatize the industry. Since the company announced in January its new interest in the marijuana industry, its stock has hit a two-year high of eight cents per share. “It s not as big a leap as you might think,” the company says on its website, explaining that both oil and medical marijuana are heavily regulated businesses, so its expertise is relevant. 5 cents to more than 70 cents after sending out a series of pot-related press releases.
Terra Firma Resources hit a one-year high of 4 how to play penny stocks canada. ” The medical marijuana industry is expected to experience massive growth over the next decade, with the number of registered patients predicted to grow to more than 400,000 from about 40,000 currently, generating $1. Ottawa wants all medical marijuana cultivation to be carried out by government-approved commercial producers that sell their product for more than what it costs patients to grow their own -- between five and 10 times more how to play penny stocks canada. That s right, mining execs,” he said in another of its releases on its newly green website. It formed a joint venture, paying grow operator Enertopia Corp. It’s a whole new industry,” said Zachary Stadnyk, whose health care-focused management team recently took over Supreme Resources and renamed it Supreme Pharmaceuticals.
But junior mining companies are still eager to jump on the bandwagon. 5 cents the day it appointed a medical marijuana consultant, while Next Gen Metals share price jumped from about 5. Thelon Capital and Satori Resources have seen share prices quadruple in the past month after appointing a weed consultant to their boards.ZCoin.. .TRON.Stellar. BitcoinDark.