Sunday , March 7 2021

Many of the shares: explosive growth in prices of shares in cannabis production companies



Due to the legalization of cannabis in Canada, a series of public offerings from cannabis production companies showed their shares almost explosive growth.

For example, Canopy Growth Corp shares can be achieved more than 500% growth. The value of the shares in Tilray Inc., which was the first public offer in July, has grown already with more than 100 percent. The wave of US companies that open first public offerings in Canadian markets has attracted investors to pay attention to this sector. This can cause extremely high growth.

Brokerage Fortrade offers to all readers of Siola exclusive The opportunity to trade among the first in the world with the price of shares (the so-called CFD) of companies engaged in cannabis production. In addition to the unique opportunity to trade with currently the most sought after shares, Fortrade has developed a special guide for all readers entitled "3 steps for trade in the price of cannabis companies" that may be take over here.




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Below is a detailed overview of the price increase of shares in cannabis production companies during the period 30 October to 2 November this year:

Company Name

stock Symbol

Growth of stock prices during the period 30.1002:11.

Aurora Canabis

#AURORA

27.17%

Cronos Group

#CRONOS

23.81%

Canopy Growth Corp.

#CGC

16.54%

GW Pharmaceuticals

#GWPH

13.05%

Even Europeans want a piece of this cake. The Danish company StenoCare last week added its shares to the stock list, making it the first company in Europe to raise investors' interest in the marijuana industry. The stock price for this company was, since it first appeared on the Danish-Swedish stock exchange on October 26, tripled.




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When legalizing marijuana, the Canadian government hopes to get a rich portion of the cake on the market, which, according to Deloitte, from about $ 4.9 to $ 8.7 billion a year. Marijuana business has also increased significantly in California. According to BDS Analytics, licensed marijuana sales are likely to amount to $ 3.4 billion this year. The legitimate sales represent only a small part of the estimated total possible demand for marijuana in the United States, ranging from 50 to 55 billion dollars, including demand for the black market.

Fortrade Ltd in the UK is authorized and regulated by the FCA (Financial Conduct Authority) under license number 609970.

CFD is a complex instrument and represents a high risk level of securities loss due to the use of leverage effect. 86.59% of retaildlosing money with this supplier. You need to consider whether you understand how CFD works and if you can afford the high risk of losing money. You can lose all your money, no more than you have in your trading account. These products may not be suitable for all customers, so you must be sure that you understand the risks but seek independent advice. This material is neither an offer nor a request or transaction related to any financial instrument. Fortrade accepts no responsibility for any use of these comments and the consequences that may arise from it. There is no guarantee or guarantee that this information is accurate or complete. Therefore, a person who acts in accordance with them is entirely at your own risk.

The customer of the message is Fortrade Ltd.


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