Within the emerging world of cannabis, many companies are making intense efforts to become leaders in their respective domains. With that in mind, the companies discussed below are some I believe to be worth considering.

Hexo Corp (HEXO): Listing On The NYSE Can Be Big! 

As of the past few months, Hexo has been shunned due to the fact that their share price is down 48% from all time highs, however, not all is to be pessimistic, as there are positive perspectives to consider.

First, the company has built strategic partnerships with world-renowned brands such as beverage makers like TAP, with ambitions of being able to launch cannabis/CBD-infused drinks. The prospects of such have been seen as a lucrative opportunity, considering the growing interest in derivative products.

Secondly, Hexo has been making headwinds in regards to scaling production, evidenced by their recent moves to build facilities in Greece and their acquisition of New Brand. Both efforts are significant in the fact that the ability to match supply with growing demand is a crucial part of success.

Thirdly, the company has shown it’s desire for longevity as it has planned to list on the New York Stock Exchange – an impressive feat considering the fact that very few companies in this domain have been listed on such.

All things considered, Hexo is a company that has many reasons to be optimistic despite being down almost 50% from all time highs. As they continue to grow and expand, this is one stock worth paying attention to.

Vapen MJ Ventures Corp (VAPNF): Diverse Range Of Products and Just Quoted on OTCQX

Vapen MJ Ventures operates an agricultural technology, services and property management company utilizing a full vertical integration business model to oversee and execute all aspects of cultivation, extraction, manufacturing (THC and CBD cartridges, concentrates, edibles), retail dispensary, and wholesale distribution of high margin Cannabis THC and Hemp CBD products under the Vapen Brand. 

In their latest public deck, the company has shown reason for having a positive outlook on their future.

Firstly, the company is profitable.  

Secondly, the company has already proven itself as the leading brand in the Arizona cannabis market. With that confidence, Vapen isexpanding their brand to the east coast – not to mention the fact they have already announced partnerships in Nevada and Kentucky with many others pending.

Thirdly, Vapen has a diverse set of product offerings ranging from vaporizerdevices to edibles like chocolates and gummies. Additionally, they offer CBD products in various formats such as lotions, balms, and much more – all done with the ambition of catering to various demographics that may have different preferences.

Fourthly, the company has garnered a sizable social media following; matter of fact, it has a larger fanbase in terms of Instagram followers than the rest of their competition, including Aurora. The logic behind this can be explained by the fact that Vapen has proactively partnered with world-renowned celebrities to promote their Vapen branded products, and it appears to be paying off.

All things considered, Vapen MJ is an emerging force within the U.S. cannabis industry. As the company continues to advance its goals, this is one company worth paying attention to.

Charlotte’s Web Holdings, Inc (CWBHF): New R&D Could Be Big Win

Charlotte’s Web Holdings, Inc. produces and distributes various CBD wellness products in the United States. In recent months, the company has seen positive headlines related to new team additions and new research and development efforts.

In July 2019, the company announced the latest addition to their team – Tony True as Chief Customer Officer. Mr. True was formerly at Pharmavite LLC, one of the largest U.S. manufacturers of high-quality vitamins, minerals, and other dietary supplements, where he served as Executive Vice President of Sales. As Chief Customer Officer for Charlotte’s Web, he will lead the company’s sales strategy and forecasting, customer development and relationships, and retail execution.

Furthermore, Charlotte’s Web’s CEO said, “Tony’s three decades of sales leadership at both consumer product goods and healthcare companies is a valuable combination to support the Company’s next phase of growth…”
 

Additionally, the company announced their intention to extend their initiative in research and development in collaboration with The Center for Discovery in New York State. The efforts have been focused on creating optimal growing conditions for climate that is dynamic. 

Canopy Growth Corporation (CGC): Acquisition Of KeyLeaf

Canopy Growth – perhaps one of the most well-known companies in the cannabis space – has come out with multiple positive headlines over the past few months regarding new partnerships.

In late June 2019, the company announced their intention to make KeyLeaf Life a wholly-owned subsidiary. The latter is a global ingredient and process technology company established over 45 years ago and is recognized around the world as a trusted expert in plant-based bioprocessing. To that end, Canopy now has the leverage to ramp up their ambitions in the cannabis extraction domain.

Also noteworthy is the fact that Canopy unveiled their new hemp production facility in Upstate New York. The event was accompanied by guest appearances made by government officials such as Chuck Schumer. Given the positive occasion, it can be seen as a signal that Canopy is in good standing with the State of New York and, in turn, this can lead to more opportunities in terms of location expansion.

All in all, Canopy Growth is already a household name in the realm of cannabis. With their recent strategic moves and execution, the stock is well-positioned to continue as a leader in this emerging market and is worth keeping tabs on.

Aphria (APHA): Positive Q1 Report

Aphria Inc. is a leading global cannabis company driven by an unrelenting commitment to people, the planet, product quality, and innovation. To that point, the company has had positive headlines regarding marketing and growth.

In the beginning of August, Aphria reported its first quarter results – notably revenue for adult-use cannabis of $18.5 million, up 158% from the prior quarter. Furthermore, they enjoyed a record net revenue of $128.6 million, up 75% from the prior quarter.

Prior to that, in July, the company announced the launch of its new social impact platform, Plant Positivity, championing the incredible power that plants have in overall well-being and providing greater access to green spaces for communities. Furthermore, Plant Positivity will be a new component of Aphria’s existing Corporate Social Responsibility strategy, which will continue to deliver on the Company’s commitment to give back to both people and the planet.

Overall, Aphria is a company that is making bounds and strides as they continue to advance the cannabis sector for the better. As they make headwinds with their ambitions, this is one company worth keeping an eye on.

Final Thoughts

In conclusion, the cannabis sector is an emerging industry that is big enough to have multiple winners. As companies seek to build themselves as leaders in the space, the stocks discussed above are some to pay attention to.