Whitefish, Montana--(Newsfile Corp. - July 2, 2020) - CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the leading media network dedicated to the global legal cannabis, CBD and psychedelics industries, today announces an article discussing three cannabis companies outside of North America to consider for your portfolio.
3 Ex-U.S. and Canada Cannabis Stocks to Consider for Your Portfolio
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The North American cannabis industry has captured all of the headlines, but more than 50 countries around the world have already legalized either medical or adult-use cannabis. In Europe alone, more than 30 countries have some form of legalized cannabis use, from coffee shops in the Netherlands to Germany's massive medical cannabis market.
These international markets could represent a more attractive opportunity for investors. With fewer incumbents, smaller companies may be able to establish a foothold and become tomorrow's market leaders. The smaller starting point for growth also translates into a higher compound annual growth rate than mature cannabis markets.
Let's take a look at three cannabis companies outside of North America to consider for your portfolio as a way to diversify or position for growth.
Isracann Targets European Markets
Isracann Biosciences Inc. Logo
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Israel's move to legalize cannabis exports and decriminalize domestic cannabis has created an enormous opportunity for Israel-based cannabis firms. The country's prime minister, defense minister and police minister backed the easing of enforcement of existing laws-ostensibly referring to recreational cannabis use in the country.
Isracann Biosciences Inc. (CSE: IPOT) (OTC Pink: ISCNF) plans to capitalize on both of these opportunities. As a low-cost Israeli cannabis pure-play, the company is uniquely positioned to serve an undersupplied domestic market and new international markets with its fully-funded 230,000 sq. ft. production facility that's currently wrapping up development.
Unlike Canada and most of North America, Israel has ideal humidity and temperature with approximately 300 days of high-UV sun per day. These conditions are ideal for producing cannabis at one-third of the cost of growing in colder climates, while multiple growing cycles enable higher production per square foot-creating better revenue and margins.
Yield Growth's Expanding CBD Brand
Yield Growth Corp. Logo
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Cannabidiol (CBD) has become one of the most popular health and wellness products in the world. With hemp's approval in many jurisdictions, hemp-based CBD has become more widely available. Researchers are also working to better understand the benefits of CBD for everything from skincare to managing mental health disorders.
The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) ("Yield Growth") has launched more than 200 edible, topical and wellness products across Europe, North America and South America. In particular, the company has distribution agreements in Canada, Germany, Colombia, Brazil, Costa Rica, Panama, Argentina, El Salvador, Ecuador, Peru, Greece, Cyprus and other countries.
In addition to its wellness and CBD products, the company recently entered the nascent psychedelics industry with patented extraction methods and formulations. For example, one patent is for the use of compounds in psychedelic mushrooms to treat obesity and diabetes and to aid in weight loss-large end markets by any measure.
Flowr & Tilray Target Portugal
Tilray Inc. Logo
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Tilray Inc. may not be the most obvious candidate for an international cannabis opportunity, but with its existing growing operation in Portugal, it's one of the few companies with a commercial presence in Europe. In fact, the company already harvested cannabis at its 2.5 million sq. ft. facility in March of last year.
In addition, Flowr Corp. acquired Holigen, which controls a Portuguese cannabis farm. The farm has a footprint of up to seven million square feet with the potential to produce upwards of 500,000 kilograms per year. Portugal's proximity to key European markets suggests that the company could become a key supplier to the region.
Looking Ahead
There are many investment opportunities outside of North American for cannabis investors looking to diversify their portfolio or seek out greater growth opportunities. From Israel's unique market to Portuguese cannabis farms, investors may want to take a second look at these opportunities over the coming months.
About CFN Enterprises Inc.
CFN Enterprises Inc. (OTCQB: CNFN) is a digital media and ecommerce company focused on advancing businesses and brands in highly regulated emerging industries across the globe. CFN connects investors with new market opportunities while helping consumers find innovative products that enhance their lives. Learn more at www.cfnenterprisesinc.com.
CFN Enterprises Inc. Media Contact:
CFN Enterprises Inc.
+001 (833) 420-CNFN
investors@cfnenterprisesinc.com
FORWARD-LOOKING STATEMENT
Use of Forward-looking Statements
This press release may contain forward-looking statements from CFN Enterprises Inc. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when CFN Enterprises Inc. describes the potential acquisition of BarNone assets and the related benefits, its pursuit of M&A opportunities, growth in CBD sales and spending on affiliate marketing, and uses other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions, CFN Enterprises Inc. is using forward-looking statements. These forward-looking statements are based on the current expectations of the management of CFN Enterprises Inc. only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: regulatory and licensing risks; changes in general economic, business and political conditions, including changes in the financial markets; the regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; changes in applicable laws; compliance with extensive government regulation; public opinion and perception of the cannabis industry; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; or, loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of CFN Enterprises Inc. to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, CFN Enterprises Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting CFN Enterprises Inc., reference is made to CFN Enterprises Inc.'s reports filed from time to time with the Securities and Exchange Commission.
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