In 2018, Canada’s legal cannabis market made big strides. Recreational usage was legalized, but strangely, some of the most popular products were left out of the ruling. In fact, only dried weed and cannabis oils were made legal under that legislation. One of the most notable omissions was cannabis vaping products.
However, that is set to change in 2019, and many businesses are gearing up for a big boom in this market as the government expands the number of legal products available to consumers.
If statistics from legal jurisdictions play out the same in Canada as they’ve done in the US, this new legislation could be very profitable for investors. In these jurisdictions, infused edibles and vape products can account for up to 30% of legal cannabis sales.
Obviously, investors everywhere are looking to get their piece of the pie before the legislation passes, but which stocks are ripe for the picking, and which ones are a mistake waiting to happen? In this article, we’re going to talk about a few cannabis vaping stocks that could help your portfolio to soar in 2019 and beyond.
Canopy itself doesn’t really produce vaping products, but they do have a very interesting partnership with Organa Brands. Organa brands is the leading distributor of cannabis vaping products in Colorado, and very soon they will begin to manufacture and distribute those products for Canopy.
This will allow Canopy to expand their already booming business into the vaping industry, and it will give Organa Brands an international reach. It’s a win-win for both companies, but it could also be a slam dunk for investors.
Canopy has also acquired Hiku, which has a deal with another popular cannabis vaping brand in California. This makes it pretty clear that they’re shifting their focus to gobble up some of the new cannabis vaping market in Canada, and they’re in a great position to do so.
Canopy has the largest licensed production company in Canada, featuring over 600,000 Sq. ft. of manufacturing space. They also plan to expand that to 5,000,000 sq. ft. within the next 12 months! Once they do, Canopy will be a monster in the legal cannabis industry in Canada, vaping included.
Kush Bottles (KSHB)
Every business needs packaging, and the cannabis industry is no exception. Kush Bottles has already built a notable customer base for themselves within the US, but now they’ve set their sights a little further north.
In 2018, they announced that they would be launching a subsidiary in Canada called Kush Supply Co. This new branch would help them to push their products internationally, and they are more than ready to do so.
In addition, they’ve also purchased CMP Wellness. This company distributes a variety of vaping equipment, and Kush Bottles themselves are poised to become the leading provider of child-resistant packaging, which will be required for many products to be sold legally.
Kush Supply Co will be more than happy to provide the glut of cannabis vaping companies ready to descend upon Canada with cartridges, packaging, vape pens and anything else they need.
Quadron Cannatech (QCC)
In order to make cannabis oils, you first need to extract them. Quadron Cannatech isn’t interested in selling you any cannabis or vaping products. Instead, they want to sell machines that remove bottlenecks in the manufacturing process to make the oils for vaporizers and other products.
They offer turnkey solutions for manufacturers who are looking to either get into the oil business or to find better equipment. Quadron Cannatech is ready to help fledgling cannabis businesses to get off the ground and install equipment to help them grow.
However, that’s not all that they offer. Quadron Cannatech also helps with packaging and even offers consultation to help these businesses to succeed with their products. That’s worth more than just machinery, though their “The Boss Co2 extractor” is quite impressive on its own.
They’ve made a few good partnerships, such as one with Puriflor, who is a late stage applicant with Health Canada to become a licensed producer in Quebec. Quadron will be supplying their full extraction and processing facility.
In closing, as vaping tech continues to rise and regulations are revised, be on the lookout for companies which can have a positive impact on this market. There’s certainly more companies like this who are poised to take their piece of the pie.
As always, investors should remember to do their own research before investing any money into a company. Investing is always a risk, and it’s important that you know how to properly structure your portfolio to mitigate those risks, particularly in a volatile area like cannabis stocks.