2020 is expected to be a banner year for the US cannabis industry as existing markets mature and new markets come online. We have been highly focused on the US cannabis market and have been working to identify companies that are executing on this opportunity.
When it comes to the US opportunity, several of the most exciting markets are located on the west coast. California and Nevada are two of the most attractive markets in the US and we are bullish on the growth prospects associated with these opportunities.
Last year, we visited 1933 Industries (TGIF.CN) (TGIFF), which is focused on both of these markets and sell cannabidiol (CBD) products in 46 states. We were impressed with the operation and believe that the market does not fully appreciate the growth prospects associated with it. From a brand standpoint, the company has been nothing short of an execution story and we consider this to be a bright spot for the business.
A Cannabis Brand Growth Story on our Radar
During the last year, 1933 Industries has been highly focused on increasing the number of brands that would fall under its portfolio. One of the reasons we are impressed with the company is related to the strength of the brands that it has formed relationships with. We believe that the market does not fully understand this aspect of the story and are of the opinion that it is undervalued by the street.
Over the next year, we expect to see 1933 Industries report strong growth and for the performance of its brands to be a major value driver. The company is well positioned to bring some of its brands into the California market and we are bullish on the amount of value that can be created through this.
Today, we want