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Money will flood into the Canadian marijuana market on Oct. 17, the day our neighbors up north legalize all marijuana use.
And it could send the share prices of Canadian marijuana stocks absolutely vertical...
Even before full legalization, legal cannabis sales in North America were expected to skyrocket 145% from $10 billion in 2017 to $24.5 billion by 2021.
That means those projections may be too conservative with Canada on the edge of a full-blown cannabis revolution.
That's why we wanted to provide you with a list of three Canadian marijuana stocks to watch before Oct. 17. While these aren't our recommendations (we'll show you how to access those later), they are some of the most talked-about pot stocks on the market.
And the first Canadian pot stock on our list just made a 25 million--Canadian dollar acquisition to "complement and accelerate" new types of consumer products...
Canadian Marijuana Stocks to Watch in October, No. 3: Canopy Growth
On Oct. 15, Canopy Growth Corp. (NYSE: CGC) announced it would acquire the assets of ebbu Inc., a cannabis research company.
Aside from CA$25 million, Canopy will also issue 6,221,210 common shares of CGC.
And there are three words in particular from the press release that caught our attention...
Canaccord Genuity projects the marijuana-infused beverage industry will be worth $600 million by 2022.
That may sound small compared to the $10 billion in legal cannabis sales in 2017, but remember, this is a completely new category.
It's not going to take long before cannabis-infused beverages become a billion-dollar segment in the marijuana market, a segment Canopy could dominate with this acquisition.
The next Canadian marijuana stock on our list has the whole investing world talking, as the stock price has climbed 500% in less than six months...
Canadian Marijuana Stocks to Watch in October, No. 2: Tilray Inc.
Tilray Inc. (NASDAQ: TLRY) cultivates and distributes medical marijuana across the globe, including Australia, Germany, and South Africa.
And shareholders of TLRY have been on a wild ride in the past month...
On Sept. 11, shares opened at $89.16. Just eight days later, the TLRY stock price reached an all- time high of $300 per share on Sept. 19.
Things have calmed down, with TLRY opening at $155 per share on Oct. 15.
In the short term, it would be hard for Tilray to replicate these gains over the next year.
However, most investors also never thought TLRY could go public on July 19 at $23.05 a share, and the stock price would climb 1,201% in two months to $300 per share on Sept. 19.
And that brings us to the last Canadian marijuana stock to watch on our list.
This Canadian cannabis company has a unique growth strategy that has almost doubled its investments to nearly $1 billion.
That's on top of its own revenue, making this one of the best Canadian marijuana stock to watch ahead of legalization...
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Canadian Marijuana Stocks to Watch in October, No. 1: Aurora Cannabis
Aurora Cannabis Inc. (OTCMKTS: ACBFF) is another medical cannabis producer in Canada.
But what's interesting about Aurora is its revenue growth strategy...
Instead of competing, Aurora has embraced other cannabis companies. The company has 10 key partnerships in the industry, ranging from vaporizer companies to hemp-seed food products.
This investment cost them CA$327 million as of June 30, 2018. Now, that same investment is worth CA$699 million, an unrealized return of 113%.
These strategic investments gives Aurora a potential billion-dollar revenue source competitors simply don't have.
START THE COUNTDOWN: You're Invited to the First-Ever Online Event for Cannabis Investors
On Tuesday, Oct. 23, at 1 p.m. (ET), former Speaker of the House John Boehner will join an esteemed panel to discuss how everyday Americans can make a lifetime's worth of wealth thanks to this "green gold rush."
He'll show you how cannabis could become our next $1 trillion industry... every step to full legalization... and how the average American can make a FORTUNE from this explosive phenomenon.
Simply click here to register for this historic event, 100% free of charge.