Imagine it’s Jan. 1, 2000, and you’re admiring the massive piles of cash you made with astute tech investments since 1990.
You got rich from Cisco Systems Inc. (NASDAQ: CSCO) and JDS Uniphase. You bought shares in the first public incarnation of Dell. You had positions in companies like SDL and Netscape and made a bundle when those companies sold.
There were dozens of outstanding stocks that turned ordinary investors into millionaires or even billionaires. You owned ’em, and you’re one of ’em.
Still, there was one that got away… the decade’s most successful tech company – one that dominated the market for years as far back as the 1980s.
I mean Microsoft Corp. (NASDAQ: MSFT), of course.
No matter how well you did during the PC and technology boom, you’d have done much better if you’d had some Microsoft in your portfolio all the while.
Well, the cannabis sector of 2019 today looks much like that 1990s tech boom.
And this one company is starting to look a lot like Microsoft…
The Must-Own Company of the Marijuana Boom
The company is Canopy Growth Corp. (NYSE: CGC). With its visionary management, its global reach, and its unparalleled cash hoard for acquisitions, Canopy is the King of Cannabis.
And now, with its acquisition of Acreage Holdings Inc. (OTCMKTS: ACRG), Canopy is a major player in every important cannabis market on earth.
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Its performance has been moderate, especially in comparison to some other, explosive pot stocks out there, but Canopy is a $16.5 billion company; it takes a lot to move the needle.
Well, Canopy’s $3.4 billion acquisition of Acreage is a needle-mover. It’s a watershed moment for cannabis – the largest Canadian cannabis company merging with one of the biggest American multistate operators. That it suggests federal legalization isn’t far off is beside the point.
It’s a stunning announcement that our investment thesis on Canopy is correct – that the company can use its massive market capitalization and its huge hoard of cash to do whatever it wants.
I want to share something with you, clipped from Canopy’s webpage.
That’s Canopy’s global footprint: Every important cannabis market in the world has one of Canopy’s dots on it, save Israel.
And Canopy is growing so quickly it can’t even keep its webpage up to date. There should be a dot on Colorado – Canopy acquired a major hemp research company called Ebbu, which will power the company’s entry into the U.S. CBD market.
There should be another dot on Upstate New York – Canopy is making the largest CBD investment in history up there.
And of course, now there should be a dot in each of the 19 states where Acreage has an existing or planned operation.
And that’s just the companies that Canopy owns or controls outright. The company also has about two dozen minority investments in some of the best U.S. and Canadian brands, vape products, Canadian CBD, and more.
It also owns a large piece of Canopy Rivers Inc. (TSXV: RIV, OTC: CNPOF), a company it spun off last year (to hold Canopy’s U.S. assets, ironically). Canopy Rivers in turn owns pieces of even more cannabis companies.
And now you can see why buying Canopy today is a lot like buying Microsoft in 1986.
There will be other profit opportunities in the cannabis market over the next decade. There will be lots of them, including some enormous winners (and getting the Cannabis Investor’s Report ensures you’re in the best position to find those potential huge profits).
But Canopy will exit the next 10 years the way it’s entering them – as the King of Cannabis – and it has a place in every investor’s portfolio.
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