Better Marijuana Stock: Canopy Growth Corporation vs. Emerald Health Therapeutics – Fox Business

Canada stands at the epicenter of the fast-growing global marijuana market, and for good reason: The country’s medical marijuana market is expanding. Canada is on track to legalize recreational weed later this year. It’s also home to several of the largest pot growers in the world.

Canopy Growth Corporation (NASDAQOTH: TWMJF) ranks as the biggest of them all. But Canada also has quite a few smaller marijuana growers, one notable example being Emerald Health Therapeutics (NASDAQOTH: EMHTF). These companies, big and small, will compete against each other even more intensely in the future.

fiscal third quarter, reported in February, the company posted all-time-high sales — not just for Canopy, but for any Canadian marijuana grower.

The international medical marijuana market presents an even greater opportunity. Canopy Growth is in great shape to capture its share of that, as well. The company acquired MedCann in 2016 to gain a foothold in the German medical marijuana market, which should grow to over twice the size of the Canadian one.

Canopy has also expanded into other countries. It’s formed partnerships and joint ventures to gain access to several markets, including Australia, Brazil, Chile, Denmark, Jamaica, and Spain.

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Of course, there also is another big prize dangling before Canopy Growth: the Canadian recreational marijuana market. Canopy has been busy expanding its production capacity to meet the anticipated demand. The company also became the first cannabis grower to secure multi-year supply agreements for recreational pot with four provincial entities.

In addition, Canopy’s relationship with Constellation Brands, the distributor of Corona beer and several other popular alcoholic beverages, is a big plus. Constellation bought a 9.9% stake in Canopy last year, and the two companies plan to work together to launch a cannabis-infused beer.

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