I know I promised last week that I’d be telling you about an IPO opportunity in Colombian cannabis. But I’ve spoken with the company and been assured that its debut won’t be until after I’ve returned.
I’ll have a much better take on the company and the potential profits after doing some boots-on-the-ground research. So I’m going to hold off until I get back next week to let you in on all the details there.
Instead, today, we’re going to talk about another Canadian company that’s already had massive success growing and spinning off cannabis businesses.
It’s not a U.S.-based parent, but it’s got the kind of connections to dominate the U.S. market once cannabis is fully legal…
A CannaLife of Different Color
Last week, I covered Canadian cannabis company Cannalife Botanicals. It’s still a very small operation, but it’s got lots of potential.
This week, I’m going to tell you about another company of similar name that’s already grown to a massive size and still has tons of room left to get even bigger.
CannaLife Capital Corp. (CCC) is what’s known as a “strategic consolidation platform.”
What that means is it looks for companies with similar business plans and assets and helps them combine into a larger corporation. This helps the companies take advantage of economies of scale without having to grow to that size organically.
CannaLife is focused on cannabidiols and hemp. And it’s got a major track record of success behind it.
A Unicorn of Exits
Combined, the management team and board of directors at CCC have built and sold over $1 billion worth of cannabis companies in their careers.
We’re talking about major individual deals here. The president, Damon Michaels, founded and then sold Ebbu to Canopy Growth Corp. (CGC) for $425 million!