Article by John Evans, GrowStocks.ca
Canopy Growth Corp climbed the entire month of October. Now that November is upon us, Canopy is starting to make that climb. Seeing a 9.53% increase today and finishing up $0.79 to finish at $9.08 this may be a sign of continued growth to come.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The company has a market cap of $1.08 billion. The Company, through its subsidiaries Tweed Inc. , Bedrocan Canada Inc. (Bedrocan) and Tweed Farms Inc. (Tweed Farms), is engaged in the business of producing and selling legal marijuana in the Canadian medical market. It currently has negative earnings. It is also focusing on producing and selling marijuana in the recreational market in Canada.
Aphria Inc., one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. Located in Leamington, Ontario, the greenhouse capital of Canada, Aphria is truly powered by sunlight, allowing for the most natural growing conditions available. Along with Canopy, Aphria continues to climb. Having another massive day finishing off up $0.60 a 15% increase and a price of $4.59 it seems as we still have not seen the best of this stock yet.
Last week, Aphria entered into an Intellectual Property transfer agreement with Copperstate Farms, LLC. Arizona’s medical cannabis program was approved by voters in 2010. At the same time as securing a licence to produce and sell medical cannabis, Copperstate purchased a 40-acre (equivalent to 1.7 million square feet) high-tech, Dutch style greenhouse facility in Snowflake, AZ. Copperstate has one of the largest medical cannabis greenhouse facilities in Arizona. As part of the transaction, Aphria will share its accumulated knowledge, gained during its 5-year MMAR/MMPR/ACMPR journey, related to growing cannabis in greenhouses in exchange for a 5% ‘cashless’ membership interest in Copperstate, entitling Aphria to 5% of the free cash flow generated by Copperstate.
Also last month, Aphria partnered with MassRoots Inc (OTCMKTS:MSRT) to help build awareness of the Aphria brand amongst its Canadian userbase. On Monday, October 17, 2016, Aphria, Inc. invested $250,000 USD in MassRoots by purchasing 500,000 shares of MassRoots common stock, along with receiving warrants to purchase an additional 500,000 shares at $0.90 per share, valid until October 17, 2019. MassRoots is one of the largest and most active technology platforms for cannabis consumers, businesses and activists with over 900,000 registered users.