Does This Marijuana Stock Have What It Takes Be A Major Player In The Market

With the rapid growth of the cannabis industry, one marijuana stock to watch Aphria Inc (TSX:APHA) (NYSE:APHA) has the potential to become a major player worldwide. As the analyst suggests, the global cannabis market would be worth $100 billion by the end of the next decade. The production capacity forms an important factor to compete and succeed in the cannabis industry as well as the marijuana stock market.

Production Capacity Is Key

This pot stock has been ranked third among all cannabis producers based on its capacity to produce 255,000 kilograms of cannabis every year. Based on Canada’s markets for medical cannabis and recreational cannabis (only permissible for use by adults), Aphria already is among the top producers of cannabis. Canada has only four licensed producers with supply agreements with every province in the country for their recreational markets. This particular marijuana stock happens to be one of the only four of such privileged companies.

This Marijuana Stock Could Be A Bargain

Aphria has a strong footing in the international market as well. This marijuana stock leads to an important German market. With Aphria being one of the three companies to be awarded a license for cultivating medical marijuana in the country. In Italy, there are seven companies with licenses allowing the import of medical marijuana. Aphria again being one of the seven. In Malta, the company owns a high-capacity GMP-certified lab to process and manufacture medicinal cannabis and other cannabis derivative products. This cannabis stock also has its wings spread in Latin America participating in the medical cannabis markets of Argentina, Colombia, and Jamaica. Aphria possesses a stake of 52% in Althea, an Australia based cannabis producer. Furthermore, Aphria is also involved in a joint venture and off-take agreement with Verve Dynamics in Lesotho.
As previously stated, Aphria has a strong foundation with an even better international operations, making the company’s valuation more attractive. The current market cap of the company stands at over $1.5 billion. Aphria projects to bring in revenue of over $1 billion CAD, i.e., around $760 million by the end of 2020. The future for this marijuana stock appears to be bright.
The post Does This Marijuana Stock Have What It Takes Be A Major Player In The Market appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.


* This article was originally published here