Canopy Growth interested in Alcaliber
In the earlier part of the series, we discussed how Aurora Cannabis (ACB) (ACBFF) plans to fund its production facility in Denmark. Aurora Cannabis is not the only Canadian cannabis-licensed producer to eye international markets.
Cannabis in Spain
On March 6, Bloomberg Markets reported that Canopy Growth (WEED) put in a bid for privately held Spanish company Alcaliber. According to Alcaliber’s website, it is the first company in Spain to receive a license to grow cannabis along with its import, export, commercialization, and distribution to the pharma industry in Spain.
Given Alcaliber’s cannabis license, which was granted in October 2016, the company is certainly attractive for Canadian cannabis players that are not just focusing on the recreational cannabis market in Canada but also international markets that are opening up for medical cannabis.
Alcaliber has been focusing on developing its cannabis business since it received its license. On its website, the company states that “a great amount of the company´s resources are dedicated to develop a business model that helps us to become world leaders of the cannabis market for the pharma industry.”
To learn more about the recent analyst estimate revision (HMMJ) for Canopy Growth, Aurora Cannabis, MedReleaf (MEDFF), and Aphria (APHQF), read Assessing the Year-to-Date Returns of Major Cannabis Stocks.