CannabisNewsWire Editorial Coverage: Cultivation by both large and small growers is powering growth across the cannabis industry.
- Cultivation is fueling the growth of the cannabis industry.
- $718 million was invested in cultivation and retail last year as the industry continued to grow.
- Raw materials from cultivators are used in a wide range of cannabis products.
- Cultivation locations are critical to distribution channels and partnerships.
Within this growing industry, Cannabis Strategic Ventures (OTC: NUGS) (NUGS Profile) is working to foster emerging brands by targeting investment through a la carte partnerships and acquisitions. Tilray, Inc. (NASDAQ: TLRY), one of Canada’s largest cultivators, has seen earnings rise 78.9 percent so far this year thanks to growing demand and a maturing business. Cultivation means profits for hydroponics suppliers such as GrowGeneration Corp. (OTCQX: GRWG), which provides the materials growers need. Some companies are working to stand out through branding, such as the feel-good ethos of Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (CSE: CWEB). Others, such as Aurora Cannabis, Inc. (NYSE: ACB) (TSX: ACB), are working with local authorities to reach…
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