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Over the past year, the value of Canadian marijuana stocks has spiked. Many see this as a sign of a new and promising industry about to explode. But other analysts think this rapid growth could be a bubble that’s about to burst.
Huge Growth For Canadian Marijuana Stocks
According to Vice News, the value of stocks in Canada’s three largest weed companies grew by more than 200 percent last year. Those three companies are Canopy Growth Corp., Aurora Cannabis, and Aphira Inc.
The combined valuation of these companies has grown to more than $14.5 billion, according to the article.
Much of this growth may stem from the perception that this is a young industry poised to take off—especially if the country successfully follows through on its plans to legalize weed this summer.
Already, there could be signs that this growth will continue into the future. For example, Canopy Growth Corp. reportedly saw a massive 225 percent spike in its stock value last year. And so far, that growth hasn’t shown signs of slowing.
Similarly, Aurora Cannabis could be poised to see ongoing growth. The company currently operates several production facilities throughout Canada.
It also operates in the EU through its Germany-based subsidiary Pedanios. And just last week, the company announced that it won a contract to supply medical marijuana to the government of Italy. All of this could equate to some significant international growth.
Green Rush Or Green Bubble?
But at the same time, a growing number of experts warn that all this growth may not be sustainable. According to Vice News, the current massive valuations