Canadian pot companies are worth billions — but is it a bubble ready to burst? - News Summed Up

Canadian pot companies are worth billions — but is it a bubble ready to burst?


Investors have rushed to pour money into the growing number of Canadian-listed shares in marijuana-related companies. Bloomberg data shows there are 84 public companies trading on Canadian stock exchanges that are somehow connected to the cannabis industry, and collectively they are worth $37 billion US. Chief among them is Ontario-based Canopy Growth Corp. More than a year ago, Canopy made headlines as Canada's first billion-dollar pot company. Investors have ridden the wave of pot companies, pushing valuations sky-high in the process. "If you give me enough Monopoly money," Damas said, "I can buy Park Place and Boardwalk, too."


Source: CBC News January 28, 2018 09:01 UTC



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