Strategically Positioned Companies Set to Increase in Value as Canadian Cannabis Legalization Enacts on October 17th | Financial Buzz

Strategically Positioned Companies Set to Increase in Value as Canadian Cannabis Legalization Enacts on October 17th

With October 17th quickly approaching, Canada is getting ready for its first day of fully legalized cannabis sales. According to New Frontier Data, Canada’s market size alone is expected to expand to USD 6 Billion by 2025. The climbing valuation is clearly enticing to many as 120 licenses have already been issued across the country and even more have been rejected.

With the enormous potential of the market, some of the larger cannabis companies are turning to the stock market to help fund their rapid growth. Tilray Inc. (NASDAQ: TLRY), one of the Canadian companies to IPO in the United States, opened at USD 23.05 on July 19th, then went on to hit USD 214.06 on September 19th. In Canada, The Green Organic Dutchman (TSE: TGOD) opened at CAD 2.50 on May 2nd. It then reached a high of CAD 8.78 just four months later, on September 20th.

Another example of the craze around the cannabis market is the news that U.S. beverage makers like Constellation Brands, Inc. (NYSE: STZ) and Molson Coors Brewing Company (NYSE: TAP) have already expressed interest in branching out to Canadian companies and creating cannabis-infused drinks.

All in all, there are many reasons to be a big player in the industry right now and Biome Grow (OTC: ORTFD) (CSE: BIO) is making an effort to earn that right. The Company recently began trading on the Canadian Securities Exchange on October 9th. According to the press release, Biome has acquired 4 subsidiaries and about 390,000 sq. ft. of production space. The Company believes the public listing will “provide Biome increased visibility with prospective global investors, improved liquidity, and a more diversified shareholder base as we continue to grow through agreements, partnerships, and acquisitions across Canada and globally,” according to Khurram Malik, Interim Chief Executive Officer of Biome Grow. One of Biome’s subsidiaries, Highland Grow, is already an ACMPR recipient, while Back Home and its Norwich, ON, facility, P-209 are both late-stage ACMPR applicants. The Company also owns Weed VR which it will use to “offer an informative and engaging buying experience to consumers without them ever having to enter a traditional dispensary setting.”

With the various offerings that Biome Grow is working on making operational, it is set to compete in the constantly growing market.

Sponsored Content Release. Click for Full Disclosure

  • Sponsored Content Release, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, creates 100% unique original content. also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

    Please Note: is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content),, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. receives fees for producing and presenting high quality and sophisticated content on along with other financial news PR media services. does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For biome grow inc. financial and corporate news dissemination, has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. will always disclose any compensation in securities or cash payments for financial news PR advertising. does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security., members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: