Cannabis Businesses Eye Latin America in Effort to Reduce Costs
NEW YORK, Feb. 14, 2019 The cannabis industry is an attractive investment opportunity for entrepreneurs, however, entering into the market poses a challenge for many. In combination with federal regulations and high expenses, obtaining licenses and efficiently operating a cannabis business is difficult. For instance, the top industry players have recently reported their quarterly financial results and many reported overall net losses. In order to mitigate their losses, many began to establish operations in Latin America, specifically in countries such as Argentina, Brazil, Chile, Colombia, and Peru. The LATAM region is a desirable target for many cannabis companies because of its robust cultivation potential and low-costs. Cultivators are able to grow and distribute high-quality cannabis for a significantly cheaper cost as opposed to operating in other regions like Canada. The inexpensive costs allow businesses to sell products back for a reduced price when compared to other global marketplaces. According to data compiled by BDS Analytics in partnership with Arcview Research, the South American legal cannabis spending is expected to grow from USD 125 Million in 2018 to USD 776 Million by 2026. Blueberries Medical Corp. (OTC: BBRRF) (CSE: BBM), PharmaCielo Ltd. (OTC: PHCEF) (TSX-V:PCLO), CannTrust Holdings Inc. (OTC: CNTTF) (TSX:TRST), MariMed Inc. (OTC: MRMD), General Cannabis Corp. (OTC: CANN)
Cannabis Growth Opportunity Corporation Announces NAV of $2.77
Cannabis Growth Opportunity Corporation ("CGOC", or the "Company") (CSE: CGOC), a cannabis focused investment corporation with both public and private cannabis holdings, is pleased to announce the company's updated net asset value per common share ("NAV") of $2.77 at the close of business on January 15, 2019. This represents growth of 20% since our Initial Public Offering on January 26, 2018.