Aurora Cannabis Inc Is Today’s Cannabis Focus

November 18, 2016 Facebook Twitter LinkedIn Google+ News

While most US cannabis investors are focused on home grown marijuana plays, up in The Great White North there’s a lot happening. By 2024, Health Canada projects that the medical cannabis market in Canada will reach $1.3 billion and have ~450,000 patients out of a population of 35 million.

Prime Minister Justin Trudeau was elected after including legalization of recreational marijuana. On April 20th, 2016, the Canadian Health Minister Jane Philpott announced that Canada would introduce legislation to decriminalize and regulate cannabis in spring of 2017. The recreational market in Canada is estimated to be worth $7 to $10 billion.

The company that aims to be on top of this market is Aurora Cannabis Inc, which trades on the TSX Venture Exchange under the symbol ACB, on the OTC Markets under ACBFF, and in Frankfurt under 21P. Since August, shares of ACBFF have risen over 400%. The company just recently moved from trading on the CSE to the TSX-V.

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