CannabisNewsWire
Editorial Coverage: Canada became the first country in the G8
to legalize recreational cannabis. With all the buzz surrounding
Canada’s cannabis boom, savvy investors have begun to assess the
U.S. market, focusing on companies such as Chemistree
Technology, Inc. (CSE: CHM) (OTCQB: CHMJF) (CHMJF
Profile), which in July 2018 purchased a suite of
physical assets, currently under lease to Sugarleaf Farm LLC, a
I-502 Tier 3 licensee located in Sedro Woolley, Washington. This
moved was fueled by movement north in Canada, including large
Canadian cannabis companies such as Origin House (CSE: OH)
(OTCQX: ORHOF) and Namaste Technologies (TSX.V: N)
(OTCQB: NXTTF), which are already seeing major success as
their products continue to sell well across the country. While
newer entrants in the cannabis industry such as CannTrust
Holdings (TSX: TRST) (OTC: CNTTF) and iAnthus
Capital (CSE: IAN) (OTCQX: ITHUF) are creating their own
product lines and playing catch up with major brands that consumers
are already familiar with.
To view an infographic of this editorial, click here.
Establishing Brands Early
Large-scale cannabis legislation has never existed to the extent
that it now does in Canada. With major Canadian companies creating
brands that resonate with cannabis consumers.
The legal U.S cannabis market is worth an estimated $8.5 billion, claiming 90 percent of
the entire $9.5 billion global market. Of that, sales of legal
marijuana in Washington State have climbed up to $1.3 billion in the fiscal year 2017, up from
$786 million in fiscal 2016, and $259 million the year before. The
Canadian market was worth only 6 percent of that $9.5 billion total
in 2017. In Canada, competition is heating up as the larger
cannabis companies battle for their share of the market. They are
relying on their brands and name recognition to help them achieve
success.
However, the U.S. cannabis market is shaping up differently. Due
to cannabis being federally illegal in the United States, cannabis
companies are unable to ship their products across state lines. The
unique state-by-state approach to legalization has provided
Chemistree
Technology, Inc. (CSE: CHM) (OTCQB: CHMJF) with an
ideal environment to build its brands through the production and
sale of premium cannabis in California and Washington. It has also
shielded American companies from an influx of foreign product.
Chemistree is another company that is focused
on establishing quality brands. The company originally acquired
Sugarleaf’s assets in Washington in order to augment its product
line with a desirable premium brand. Sugarleaf is already featured
in over 50 dispensaries within the state, with estimates suggesting
that it will penetrate over 100 stores by 2018 and as many as 200
stores by 2019.
Sugarleaf’s signature White 99 strain has a THC level that
registers between 28–32 percent. This is incredibly high even when
compared to some of the premium cannabis strains that are being
grown in Canada. Sugarleaf’s master grower, Jason Flynn, is one of
the many reasons Chemistree chose to acquire the brand. Flynn and
his team have won two consecutive cannabis cup competitions for
their strains, including the 2014 People’s Choice (Presidential
Kush) and 2015 People’s Choice (White 99).
Chemistree also managed to purchase property in the middle of
California’s cannabis-friendly Desert Hot Springs for a reasonable
$1.23 million. The site is large enough to support up to 205,000
square feet of greenhouses spread out across three facilities. Once
fully operational, the company could produce nearly 50,000 pounds
of cannabis per year. Desert Hot Springs is a popular cannabis
region where there are 3.78 dispensaries
for every one thousand people, which is the second highest pot
shop density in the state.
Premium Cannabis Is the Real Asset
The demand for premium products exists as cannabis enthusiasts
desire THC-rich strains in order to achieve a vivid sensory
experience. Growing high-quality cannabis at scale is a challenge
that many large producers struggle with as it costs more to
produce, and the margin of error is higher.
Health Canada predicts that nearly 2.2 million pounds of cannabis will be consumed
within Canada in 2018 alone. The majority of that cannabis will be
low- and mid-grade quality, which wholesales for a lot less.
Premium cannabis, while more difficult to grow, does provide
companies that can grow it with higher profit margins. According to
Deloitte, high-quality cannabis could sell for up to 12 percent more than lower quality flower.
The majority of the provinces have supply agreements in place
with various licensed producers in the industry. These supply
agreements were established in order to provide additional premium
cannabis to those provinces.
Demand Will Only Increase
The U.S. cannabis sector is currently in its formative stages.
Established companies within the industry that are preemptively
laying the framework before the federal government legalizes
recreational cannabis should have the ability to build brand
recognition and scale them as the floodgates open.
Grand View Research predicts that the global cannabis market
could be worth $146.4 billion by 2025. Companies such as Chemistree
may be ideally positioned to take advantage of a larger global
market because of its focus on building long-term brands that
appeal to cannabis users.
Major Players in North American Cannabis
Origin House (CSE: OH) (OTCQX: ORHOF) is
focused on creating global brands. It currently holds more than 50
brands including Bhang, Soul Sugar Soul Kitchen and Green Rock
Botanicals, among others. The company has a distribution network of
4500plus dispensaries across the United States. With a suite of
established brands across key markets in North America, Origin is
actively developing infrastructure to support the proliferation of
its brands internationally, initially through its acquisition of
Canadian retailer 180 Smoke.
CannTrust Holdings (TSX: TRST) (OTC: CNTTF) is
a relatively new Canadian cannabis company specializing in medical
cannabis products including CBD- and THC-infused capsules and oils.
CannTrust recently partnered with Breakthru Beverage Group’s
subsidiary company Kindred to secure distribution through the
Canadian adult consumer market.
Namaste Technologies (TSX.V: N) (OTCQB: NXTTF)
operates the largest global cannabis e-commerce platform with more
than 30 websites in 20 countries under various brands. The company
product offering through its subsidiaries — such as CannMart Inc.,
VapeBR, VaporSeller, etc. — includes vaporizers, glassware,
accessories, CBD (cannabidiol) products and medical cannabis in the
Canadian market.
iAnthus Capital (CSE: IAN) (OTCQX: ITHUF) is a
U.S.-based licensed producer and cannabis retail company. iAnthus
currently owns a 200,000-square-foot facility in Lake Wales,
Florida, and a 4,500-square-foot dispensary in Palm Beach County,
Florida. It is also planning to scale to more than 30 locations
throughout the state in the coming years.
For more information on Chemistree, visit Chemistree
Technology, Inc. (CSE: CHM) (OTCQB: CHMJF)
Please also read and review the article 'With Cannabis
Now Legal in Canada, Investors Are Turning South to the Largest
Emerging Cannabis Market in the World'
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Chemistree Technology (CSE:CHM)
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부터 11월(11) 2024 으로 12월(12) 2024
Chemistree Technology (CSE:CHM)
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부터 12월(12) 2023 으로 12월(12) 2024
