3 Canadian Companies Are Making Big US Cannabis Investments

Cannabis stocks have been trading since 2009, but very few of them have been growers, processors or sellers of cannabis. Instead, they have tended to be ancillary goods or service providers or perhaps sellers of CBD derived from industrial hemp.

One exception has been Terra Tech (OTC: TRTC), which began to sell IVXX-branded products in 2015 in California, and then acquired Blum Oakland in early 2016. With its Nevada medical cannabis operations launching in 2016, Terra Tech became the first publicly-traded multistate vertically integrated cannabis company.

Most cannabis investors are familiar with Terra Tech. It’s currently trading at $0.19 per share, with about 850 million shares outstanding on a fully diluted basis. The company has a market capitalization of $160 million and expects to generate cannabis sales of $30 million or so in 2017. Here’s what TRTC’s recent history looks like:


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