While most cannabis stocks plunged today there was one stock which finished in the green by healthy 6.9% which is why this is one stock you might want to invest in while its stock steadily grows.
ABcann Medincinals Inc, founded in 2014 was one of the first companies in Canada to attain a license for the Medical Purposes Regulations.
This company uses an advanced growing technology which yields organically grown, pesticide free and consistent cannabis. Their computer-controlled environment is what will give their cannabis the competative edge at only $1.11/gram.
ABCann currently has a 14,500 square foot facility that is completetly open, licensed and operational and another facility in development that will be 150,000 square feet which are both located in Napanee, Ontario. The company also ownes another 65 acres ready for development that can include another 1.2 million square feet.
Not only is this company Canadian owned and operated, but it’s also moving into the European, Australian and Israeli markets.
In just one week the stock has enjoyed a healthy growth from $2.49 to $3.72 per share.
If you’re looking to enter the cannabis market, this is one company you may want to consider.
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