- Canadian marijuana market seen as C$2.8 billion by CY2020, a 30% YOY gain, research study projects.
- Extracts/oil from cannabis (CBD) sales by CY2020 will surpass dried marijuana by wide margin.
- Marijuana seen as being fully legalized in Canada by July 2018.
Algae Dynamics Corp. (OTCQB: ADYNF) sees opportunity and greater market share in a soon to be legalized marijuana industry in Canada, where registered clients are estimated to grow to 715,000 by CY2020, cumulatively purchasing 124,443 kilograms (kg) of dried medical marijuana annually, a 31% YOY increase, a study by Mackie Research found (http://cnw.fm/vE7zn). If the Colorado model remains true, some 45% of those buyers will switch by 2018 from dried medical marijuana to marijuana extracts/oil, creating a market of 239,998 liters in extracts/oil alone.
That’s good news for ADYNF, a producer of health products and nutraceuticals that utilizes extraction of cannabis, hemp, and algae oils in its products. It is a development-stage company with a portfolio of intellectual property and a signed agreement with a Licensed Producer. ADYNF is an Ontario, Canada-based company, but it is publicly…
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