Author Bio
A Fool since 2011, Neha has a keen interest in materials, industrials, and mining sectors. Her favorite pastime: Digging into 10Qs and 10Ks to pull out important information about a company and its operations that an investor may otherwise not know. Other days, you may find her decoding the big moves in stocks that catch her eye. Check back at Fool.com for her articles, or follow her on Twitter.
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Small-cap stocks, with their market capitalization between $300 million and $2 billion, can be risky bets, but they can also create huge wealth for you, as evidenced by the
(ACB), (APHA) - Canadian Cannabis Producers Are Dependent On Value Flower: Analyst benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Ikänik gets the go-ahead for CBD skin care launch in Colombia The cannabis company, with a specialty in indoor cultivation, has just commercialized 6 CBD skin care products for sale in Latin America.
“We are proud to have completed this major milestone and have positioned ourselves to be a leader and cornerstone of product quality within the global marketplace, with an initial emphasis in Latin America and Europe.” Borja Sanz de Madrid, President of Ikänik Farms International, Inc., tells the press.
Finding a market for cannabis beauty in LATAM
Like many companies in the cannabinoids business, Ikänik is leveraging opportunities in the LATAM region to grow its business.
Aurora Cannabis Inc. (NYSE: ACB)Village Farms International, Inc.
Considered one of the few cannabis companies making money Village Farms International, Inc. is a North American greenhouse grower now focusing on opportunities in the cannabis and CBD segments. Particularly Pure Sunfarms is the companyâs wholly-owned subsidiary and one of the largest cannabis operations in North America. Currently, with one of the best-selling cannabis brands, Pure Sunfarms has delivered 9 quarters of positive adjusted EBITDA since commencing sales.
To be specific, the company Village Farms International, Inc. saw quarterly sequential growth of 28% and 248% growth year over year with retail branded sales to provincial distributors of $15.5 million. In total Village Farms reported fourth-quarter revenue of $47.4 million a 43% increase from 2019. Additionally, full-year 2020 revenue was $170.1 million an increase of 18% compared to 2019.
We asked our Foolish writers for their top ideas for May. Their picks include Magna International (TSX:MG)(NYSE:MGA) and Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN). Click here to see the rest!