Do International Cannabis Companies Deserve More Attention?
Since the legal cannabis industry burst onto investors’ radar in 2014 the U.S. market and the Canadian markets have been the primary focus. The potential of the U.S. market in terms of sheer size, and the Canadian national recreational program and export opportunities have captured investor attention. Interestingly, there are some U.S. and Canadian companies that are focused on opportunities they see in the emerging markets outside of North America. For example, the European Union medical cannabis market could be worth $64 billion by 2028. Yet, in many cases these companies are undervalued as the overseas operations are largely ignored by investors. Let’s take a look at three international cannabis opportunities that investors may want to consider as they diversify their portfolio. #1. Aphria is a Dominant Force in Germany Aphria Inc. (TSX: APHA) (NASDAQ: APHA) recently merged with Tilray Inc. (NASDAQ: TLRY) to consolidate operat...