Top Cannabis Entrepreneurs on the Positive Phil Podcast
This Pot Powerhouse Made More Than Cronos and Tilray Combined Last Quarter — and You’ve Probably Never Heard of It.
Afzal Hasan,President & General Counsel for Origin House OTCMKTS: ORHOF
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Here’s info about a recent major announcement about Origin House:
Cresco Labs is acquiring Origin House in a C$1.1 billion all stock deal. It’s the largest public company acquisition in the history of the U.S. cannabis industry.
The combined entity will be one of the largest vertically-integrated multi-state cannabis operators in the US; a leading North American canna company; and one of the largest cannabis brand distributors.
Mr. Hasan obtained a Juris Doctor (J.D.) and a Bachelor of Science (B. Sc.), Commerce and Human Biology, from the University of Toronto, Canada. Prior to joining Origin House, Mr. Hasan worked as a securities lawyer at Cassels Brock & Blackwell LLP, where he developed a broad spectrum of experience providing advice to both public and private companies on transactions in diverse industry sectors.
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Hemp-derived cannabidiol (CBD) is expected to be a particularly attractive market. As with marijuana, people use CBD to treat a variety of ailments. But unlike marijuana, hemp-based CBD isn’t psychoactive, so it doesn’t get people high. It’s therefore expected to enjoy more widespread appeal, with the global CBD market reaching as high as $22 billion by 2022, according to Brightfield Group.
The passage of the U.S. Farm Bill in December — which legalized hemp-derived CBD in all 50 states — should help to accelerate the industry’s growth. In turn, the U.S. hemp and CBD market now represents a massive new expansion opportunity for Cannabis INVESTORS.
As cannabis regulations continue to ease, a whole new range of enterprises is sprouting up, saturating virtually every corner of the market. While the world’s attention is glued to the machinations of industry giants, smallcap cannabis stocks like Charlotte’s Web Holdings (CWBHF), Origin House and Transcanna (OTCMKTS: TCAN) are successfully in taking advantage of the evolving market.
Now let’s see why investors are showing interest to buy the stocks of these companies.
Charlotte’s Web Holdings (CWBHF)
As per the Q4 update, we can observe a 21% increase in sales compared to the previous quarter. The company achieves a total sale of $21.5 million in a short span. This is due to the legalization of hemp in the US. As we know, no company can ship CBD products to places where those products are banned. And as the ban on most places in the US has been taken off, the sales increased rapidly.
TransCanna™ provides investors access to an expansive, closed loop ecosystem designed for consistency, reliability, and scale. The company owns one of the largest vertically integrated cannabis focused facilities in California with access to over 39 million residence and 240 million visitors per year. The future growth of TCAN in the largest cannabis market in the world represents significant upside.