This Innovative Marijuana Stock's Making a Big Move -- The Motley Fool
There's a lot of investor demand for marijuana stocks right now. Because of the recent opening of the Canadian recreational cannabis market along with a rising number of U.S. states and other jurisdictions worldwide legalizing pot, companies that grow marijuana have vaulted into the limelight. The desire to be able to invest in cannabis has pushed many companies to look at initial public offerings, both in Canada and on U.S. stock exchanges.
It might seem like marijuana growers are essentially identical, with all sharing in rising demand for their products. Yet that's actually not the case, as some companies have taken innovative approaches toward cultivating and harvesting cannabis that investors hope will result in better yields and lower costs. That's the primary appeal of CannTrust Holdings (NYSE:CTST), and soon, U.S. investors will get an opportunity to buy shares of the Canadian cultivator on the New York Stock Exchange.
Image source: CannTrust.
On its face, CannTrust Holdings looks like just about any other marijuana company. The Canadian cannabis producer, headquartered in the Toronto suburb of Vaughan, got started as a specialist in providing medical marijuana products to patients. The company has two primary growing facilities, one in Vaughan and the other in the Niagara region across the border from Buffalo. With the recent legalization of recreational cannabis products, CannTrust has expanded its scope to serve the adult-use market as well.
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