Though significant licensed producers have sought to list on international exchanges like NASDAQ or the NYSE, a sizable portion of the Canadian cannabis sector at the moment lists on the TSX or TSX Venture Exchange.
Nowadays, the TSX Venture Exchange announced the winners of the 2019 TSX Venture 50, which showcases the prime organizations across the exchange in 5 distinctive sectors.
Cannabis organizations dominated the Clean Technologies & Life Sciences category, with Aleafia Health Inc. (TSX-V: ALEF), Organigram Holdings (TSX-V: OGI), and EnWave Corporation (TSX-V: ENW FSE: E4U) all creating the list.
All 3 organizations have created headlines lately, with Aleafia publishing a peer-reviewed study last month showing that health-related cannabis can help in considerably decreasing the usage and dependence on benzodiazepines. The organization is also moving forward with the acquisition of Emblem Corp. (TSXV: EMC) in an all-share deal valued at $173 million.
Soon after pushing into the German marketplace final year, Organigram subsequently signed a supply agreement to give cannabis to the British Columbia Liquor Distribution Branch.
EnWave meanwhile just struck a deal with Tilray, Inc. (NASDAQ: TLRY) to license organic dehydration technologies to cannabis organizations. The partnership kicked off with the sale of a Radiant Energy Vaccum machine to The Green Organic Dutchman.
In addition to getting named the prime tech & life sciences stock, Aleafia took the prime-ranked spot across all five sectors. The lineup of TSX-V 50 top winners across all 5 sectors was as follows:
Clean Technologies & Life Sciences – Aleafia Health Inc. (TSX-V: ALEF)
Diversified Industries – theScore, Inc. (TSX-V: SCR)
Power – Alvopetro Energy Ltd. (TSX-V: ALV)
Mining – Westhaven Ventures Inc. (TSX-V: WHN)
Technologies – Kraken Robotics Inc. (P TSX-V: NG)
The winners had been selected primarily based on trading volume, share cost appreciation, and marketplace development. The TSX-V will furthermore hold a marketplace open ceremony tomorrow to celebrate the 50 selected organizations and prime five sector winners.
Aleafia’s Chief Executive Officer Geoff Benic had this to say soon after the announcement was created this morning:
Constructing on a robust foundation, Aleafia Health has had a landmark year. In that time, we have bought and brought our contemporary, automated greenhouse to a develop-prepared state, launched our recreational retail and brands divisions with the Serruya Family and constructed a base of more than 50,000 health-related sufferers.