Page 113 - OBW Spring Ed 2019

PORTFOLIO

t seems that the cannabis first time to meet with the world leaders at
business now has the attention the 2019 Davos World Economic Forum’s
of international power players. annual gathering.
I Coca-Cola is rumored to have
secret meetings to develop CBD beverages. CBD stocks in 2018 saw the above companies
Aurora Cannabis is third in the total market and many more sign up to the billion-dollar
cap in 2018 at $5.9 billion. Tilray, a company club, with Canada paving the way for other
valued at $10.3 billion, was only rumored to industrialized countries to follow by legalizing
be collaborating with a big tobacco company cannabis in October 2018. January of this year
when it saw its stock explode in September saw the Parisian concept store NOUS launch
2018. a partnership with Charlotte’s Web, the first
official and legal CBD products available in
Canopy Growth Corporation, a leader France. The North American CBD revolution
with an $11.5 billion market cap in 2018, has crossed the Atlantic Ocean and that is
and Canaccord Genuity Corporation, a grand news for international economies. The
Canadian investment bank and a first mover CBD market is predicted to reach $22 billion
in cannabis deals, have been invited for the dollars by 2022.

Sources: Bloomberg, Rolling Stone magazine, the Financial Post and a study by the University of Colorado.

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