POT STOCKS CLIMB
Updated: Mar 30, 2022
In the last couple months, Marijuana stocks have continued to climb as global brands take further notice. Marijuana stocks soared on Monday after Canadian news service BNN Bloomberg reported that the biggest beverage company in the world has aimed their sights on the cannabis industry. Can you guess who? Reports are in that the beverage giant Coca-Cola is in talks with Aurora Cannabis, a Vancouver, Cannabis -based Canada producer, to produce weed infused beverages.
In an e-mail statement to Bloomberg News, Coca-Cola spokesman Kent Landers states, “We are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world.”
When it comes to investment, is Aurora Cannabis Inc. a good buy? As the Canadian recreational market is gearing up to open in October, Aurora has the production capacity to potentially be one of the top leaders in that market. They are estimated to grow more than 140,000 kilograms of cannabis annually.
With the unpredictability of cannabis supply and demand, will the highly volatile nature of Marijuana stocks be a lucrative investment and live up to the hype? Only time will tell…