Canada’s New Fast-Track Process For Okaying Massive Marijuana Greenhouses Is A Huge New Trend Investors Need To Watch Now

 

 

By A.C. CLARK

Agriculture Correspondent

 

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Oh how the dreams of riches danced in marijuana investors’ heads the day Canada legalized recreational pot nationwide.

 

But, as a brutal supply shortage quickly emerged, major pot stocks, such as Tilray and Aurora, saw their shares spike then swoon. In the process investment reality became much more like a nightmare.

 

Backed against the wall by the supply crisis, regulators at Health Canada jumped into the game with a hail Mary pass.

 

The agency blew up its bureaucracy and quickly okayed the cultivation applications from companies that were retrofitting established greenhouses.

 

Suddenly, life-long farmers, such as those at AgraFlora Organics International (CSE: AGRA, OTC: AGFAF), were transported from anonymity into spotlight in the world’s second largest legal marijuana market.

 

Suddenly, life-long farmers, such as those at AgraFlora Organics International (CSE: AGRA, OTC: AGFAF), were transported from anonymity into spotlight in the world’s second largest legal marijuana market.

 

The World Is Just Now Learning About AgraFlora’s Massive 2.2 Million Square Foot Marijuana Growing Operation

 

Certainly, AgraFlora has earned its place on the world stage.

 

At 2.2-million-square-foot, its Delta, British Columbia greenhouse complex is the world’s largest. That huge indoor operation is set to make AgraFlora Canada’s largest marijuana grower.

 

The greenhouses that once grew tomatoes are being retrofit for marijuana. The first phase, a 250,000-square-foot retrofit, could yield a marijuana crop of 8,000 pounds by the end of the year. Were this the case, AgraFlora projects as much as $52 million in revenue.

 

When fully retrofitted, AgraFlora’s 2.2-million-square-foot operation is forecast to grow 250,000 kilograms (550,000 pounds) of high grade marijuana.

 

Today, in Canada, high-grade pot sell for around $6,400 a pound. That means when up to full speed AgraFlora’s greenhouse complex at Delta, could yield as much as $3.4 billion a year in revenue.

 

Moreover, that huge target is not just dreamy, forward looking chatter. That’s because AgraFlora Organics is led by an industry veteran, CEO Brandon Boddy.

 

His track record of major successes includes co-founding the Auxly Cannabis Group (formerly Cannabis Wheaton Income Corp.). It soared to a $1.8 billon market cap. In the process it burnished Boddy’s legend as a top marijuana sector innovator.

 

 

Growing 3,000 Tons Of Cannabis Is Just Part Of AgraFlora’s Aggressive Global Strategy

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A projected $3 billion in revenue would be in keeping with AgraFlora Organic’s position as Canada’s largest cannabis grower.

 

By the way, at 1.8 million square feet, world-famous Aurora Cannabis (NYSE:ABS) is Canada’s third largest grower. The company Boddy founded, Auxly Cannabis (OTC: CBWTF), is the country’s fifth largest grower with 1.4 million square feet of greenhouses.

 

But, dominating Canada’s huge legal marijuana market is but one aspect of AgraFlora’s global ambitions. That’s because it’s making an aggressive play into China.

 

AgraFlora, on Aug. 20, entered into an agreement to acquire 50 percent of Eurasia Infused Cosmetics Inc. The latter is a vertically integrated farm-to-face CBD manufacturer.

 

Thanks to its relationships in Hong Kong. Eurasia Infused controls a distribution agreement for CBD and hemp-derived beauty and wellness products all of the People’s Republic of China and Hong Kong.

 

 

Driven By Its World’s Largest Greenhouse, AgraFlora Organics (CSE: AGRA, OTC: AGFAF) Is Ready To Be A Star On The Global Cannabis Stage

 

AgraFlora is set to unveil a diverse portfolio of CBD-infused and hemp-oil-derived personal care products for which CBD Group Asia will have an exclusive for sales in China.

 

This is a synergistic partnership because CBD Group Asia has more than a decade’s experience bringing Canadian consumer goods to China’s largest retail chains and C-stores.

 

Those include Carrefours and nearly 500 RT-Mart stores. RT Mart operates in 233 cities and 29 provinces in China. It’s a big company that generates $20 billion in sales in 2018

 

AgraFlora and CBD Group Asia will collaborate on a variety of Whole Hemp Health line of all-natural skin care products.

 

According to Hong-Kong based investment company Regent Pacific Group the CBD market in China alone is forecasted to be worth $15 billion in the next four years.

 

So, CBD is global a megatrend and AgraFlora has the expertise and massive growing operation that could feed a hungry market and still help meet legal marijuana demand.

 

And, frankly, this would not be a bad strategy because the enthusiasm for CBD is sweeping through the medical research community and it has drawn the attention of heavyweight investors ranging from PayPal founder Peter Theil to the stodgy Vanguard Group, famous for its low-risk mutual funds.

 

In all, it’s why the CBD industry is now forecast to grow by as much as 3,556% during the next three years. That’s a leap from about $600 million in 2018 to $22 billion by 2022.

 

The [beauty and] wellness sector will be the main driver for [the CBD market’s] growth.

Jamie Gibson, Regent Pacific Group

At A Glance

  • Organics Intl. (CSE: AGRA, OTC: AGFAF) is building out the first phase of what will be the world’s largest marijuana-growing greenhouse complex – a massive 2.2 million square feet.
  • The Canadian government is fast tracking greenhouse projects in order to ease the country’s legal marijuana supply problem.
  • AgraFlora’s mega greenhouse is projected to produce more than $3 billion of marijuana each year.
  • The company has an exclusive deal sell to CBD cosmetics in China and Hong Kong.
  • CEO Brandon Boddy is a “billion dollar” legend in global marijuana agriculture sector.
  • It’s been a rough year in the industry, but marijuana investors should closely examine AgraFlora Organics Intl. (CSE: AGRA, OTC: AGFAF), because its low share price still does not reflect the breathtaking marijuana tonnage the company can bring to market.

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