Green Thumb Industries Inc. (CNSX: GTII)
Green Thumb Industries (GTI) is a cannabis consumer packaged goods company and retailer that makes and distributes branded cannabis products including flowers, concentrates, edibles, and topicals under Beboe, Dogwalkers, Dr. Solomon’s, Good Green, Incredibles, and RYTHM brands. The company also owns and operates retail cannabis stores called Rise.
Green Thumb operates in 15 U.S. states, with 17 manufacturing facilities and several retail locations. The company saw enormous growth after Illinois’ legal recreational marijuana market opened for operation at the beginning of 2020 and Green Thumb has the option to expand into more states as demand and the industry grow, offering the company new avenues for growth.
InnoCan Pharma Corporation (CNSX: INNO)
InnoCan Pharma is a specialty pharmaceutical company based in Israel that specializes in the development of innovative CBD delivery methods. The company is developing a CBD drug delivery platform based on a unique controlled-release liposome in collaboration with Yissum, the commercial arm of The Hebrew University of Jerusalem, which it believes will result in much more effective and long-term therapeutic benefits.
InnoCan recently stated that the physicochemical characterization of their CBD Liposome medicinal product, which is an important part of the FDA application package, was completed successfully. InnoCan is also working on a revolutionary, breakthrough exosome-based technology with Ramot at Tel Aviv University that employs CBD to target both CNS indications and the COVID-19 Virus.
Further, the company is seeking veterinary medicine commercialization after discovering promising results in the treatment of a variety of disorders in dogs. InnoCan currently holds over 15 patents, and with the exclusive and non-exclusive licensing agreements signed in 2021, the company’s technology commercialization is continuing to move in the right direction. InnoCan’s current pipeline of technological and pharmaceutical products and solutions may provide considerable value to investors in the future.
Innovative Industrial Properties Inc. (IIPR)
Innovative Industrial Properties is a self-advised real estate investment company (REIT) that specializes in the acquisition, disposition, development, and administration of industrial properties leased to experienced, state-licensed cannabis growers. The property sale to Innovative Industrial gives the cannabis operator much-needed cash, which helps to ease the liquidity shortage for growing marijuana companies.
These lease agreements provide the company with a consistent revenue source. As with any REIT, Innovative Industrial distributes at least 90% of its taxable revenue, which makes it a good pick for income investors as well. As of April 28, the company owned 109 properties comprising an aggregate of approximately 8.1 million rentable square feet (including approximately 2.4 million rentable square feet under development or redevelopment) in 19 states.
Conclusion
Despite the challenges, the rising demand for cannabidiol for health and wellness applications is hastening market expansion while the growing understanding of cannabidiol’s medical benefits has become a reason for regulators to approve CBD for various purposes. With more favorable legal actions on the cards for the coming years, the cannabis sector seems well-positioned to grow. Investing in the right cannabis company could help investors enjoy lucrative returns in the future.
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