The edibles market has quickly evolved into one of the fastest growing cannabis subsectors.
With Canada set to legalize edibles this year and more US states legalization medical and recreational cannabis, annual sales of edibles in the US and Canada could hit $4.1 billion by 2022.
While Dixie Brands (DIXI, DXBRF) is still my favorite edibles company right now, I see another promising cannabis company that is already cashing in on the edibles trend.
Slang Worldwide Inc. (SLNG) is headquartered in Denver, Colorado and is an early leader in the high-growth, US edibles market.
is one of the largest edibles companies in the US.
owns some of the most popular edibles brands in the industry.
is seeing sharp growth in sales.
just went public on the Canadian Securities Exchange.
Slang is already an established leader in the US cannabis industry with a market cap of approximately $600 million. That makes this one of the largest cannabis companies and cannabis IPOs we have seen in the last six months.
Slang operates in ten US states, including high-growth states such as Colorado, Nevada, and California, and plans to be in ten more states by the end of the year. Its products are sold in more than 2,600 stores and across five continents. Continue reading "Edibles Leader Begins Trading In Canada"→
Game-changing companies don’t come along very often. But when they do, shareholders usually see big gains.
This pattern continues to repeat itself in the stock market.
Netflix (NFLX) is a recent example.
Back in 2007, Netflix introduced a game changer in the home entertainment industry, releasing a new service that enabled customers to stream movies from the internet into their homes.
That innovation led to ridiculous gains for Netflix shareholders that completely crushed the broader stock market.
In just the last six years, Netflix has surged from $7.50 per share to a recent high above $400. That 5,000% return means that a $10,000 investment in Netflix in 2012 would be worth about $500,000 today.
These game changers are rare and hard to find. True game-changing technology doesn’t come around very often.