The cannabis industry will soon be led by top company stocks and this includes marijuana businesses that have become quite popular in recent years. 2019 will be a strong year when it comes to marijuana stocks. Many companies have already begun to see improved results from important events such as the full legalization of cannabis in Canada. Now, the Canadian market has introduced recreational weed as part of its product sales. Many investors are eyeing company stocks to see if they should jump in or not. The growth of marijuana is evident in other countries as well, but our focus here is mostly on Canadian companies in the cannabis industry.
Aurora Cannabis, for example reported that its most recent quarterly results were good. Most investors prefer to do their research on the cannabis industry and the companies that make their way on the market before they throw money into the mix and stake a claim on a business. It has to show some form of growth first. Aurora Cannabis seems to have shown such growth in such little time. The CEO of Aurora Cannabis is Terry Booth and he along with a quality executive team has strategized on how to grow the company so as to attract investors. The company looks to become a dominant leader in the cannabis industry in a few years from now.
The Medical Aspect
In the midst of the excitement about the legalization of recreational cannabis, the company, Aurora Cannabis wants investors to remember the company's roots within the medical cannabis market and not just the new recreational venture. One of the reasons is the significance of medical cannabis around the world. It is at the heart of what the company is all about; providing high quality cannabis products to help scientific research, patients, education and advocacy. In many other countries, medical marijuana is the only allowed reason for purchasing marijuana products. Aurora Cannabis has worked hard to create a positive reputation around the world for its medical cannabis competence. Let us now look at the essentials that companies should address if they want to become leaders like Aurora Cannabis in the cannabis industry.
In Canada, companies like Aurora Cannabis sell predominantly to the provinces and their partners. However, the company is also able to participate in new markets and they do so by investing in the retail aspect of an organization. In doing these things, the company extends its brand so the right audience and investors will notice. In fact, they have retail outlets in other countries and across Canada. The company understands what it takes to be leaders in the cannabis industry by establishing brand awareness and providing high quality marijuana products.
Fast Rising Production
Aurora Cannabis has increased its marijuana production by more than fifty percent. The increase was because of the added capacity to the company's facilities and other facilities as well. The company is set to have a higher increase before year's end. With so many cannabis markets being opened, it is important to have enough available products. The company has high ambitious to quickly increase its production and it is in the works and set to experience much growth for 2019. Aurora Cannabis wants to enter the U.S. cannabis market, but when it is the right time to do so. According to the CEO, Terry Booth, because of the government shutdown in the United States, the Farm Bill for Hemp production and distribution was and still is in a hold pattern. For this reason, Aurora Cannabis will wait to do so.
Progress for the Future
When you look at the months remaining in the year, Aurora Cannabis has operating costs that is trending down because one of the company's facilities is going to be all online. This will reduce its operating costs. The company plans to find other ways to do so. With their intention of leveraging their leadership in the cannabis industry and entering international markets will definitely accelerate the company's future growth.
Now you can see how top company stock will soon lead cannabis industry!