LONDON, July 27, 2018 /PRNewswire/ --
Scythian Biosciences Corp. (SCYB.V; SCCYF) is a tiny company with
Everyone's been paying attention to the North American weed market, but they've been missing the global picture. 1.37 billion people in Europe and Latin America could soon gain access to legal marijuana. And one company has been getting in on this trend before others.
The team behind Scythian Biosciences Corp. is poised to grow globally, get access to the best deals, and bring the profits home. Here are four reasons Scythian Biosciences Corp. looks to continue to great success.
# 1 Tipping Point for a $57 Billion Market.
Cannabis has been one of the biggest stories of 2018, but few have grasped the real size of the opportunity. The multi-billion move of money from the informal economy (illegal one) to the legal one is happening at a rapid pace. It's a once-in-a-lifetime "green" gold rush.
A report from Arcview Market Research and BDS Analytics found cannabis sales accounted for $9.5 billion in consumer spending.
The total size of the global cannabis market is estimated to reach $32 billion by 2022 and $57 billion by 2027, and Scythian is on the ground floor, enjoying a "first mover" approach that will position it ahead of the pack.
The bulk of pot sales are in the United States, which at the moment has a patchwork of state regulations dictating how marijuana can be sold and consumed legally. But North American pot consumption is bound to rise rapidly, led by groundbreaking Canadian legalization this year.
Canadians spent $5.7 billion on cannabis products in 2017, but with recreational pot now about to become legal, that figure could explode as millions of new users could start lighting up legally.
Across North America, marijuana is having its best year ever. Support for legalizing weed across the U.S. is at its highest level in years-polls find as much as 80 percent in favor. And the limited space for medical marijuana is blossoming into a much broader market, one that includes recreational marijuana use and marijuana-based pharmaceutical products.
The FDA, for instance, just approved the first ever drug based on cannabis. States are rushing towards legalization: super-conservative Oklahoma, for instance, just legalized medical marijuana, becoming the 30th state to do so.
States like Oklahoma are desperate for tax revenue, the kind that a new green pot industry could generate, while Vermont, Michigan and California are lining up to expand to recreational use and make a killing in the process.
With such momentum, $57 billion in 10 years may be a conservative estimate. The greener North America gets, the bigger the opportunity in pot becomes.
# 2.And it Could Become Much Bigger - GLOBALLY -- than $57 Billion
North America is driving an investment surge in the cannabis sector. But the opportunity is even bigger than the first wave of companies has realized.
Scythian Biosciences Corp. (SCYB.V; SCCYF) is unique because it taps into the global opportunity, something that firms focused on North America have overlooked. The company's model, gains exposure to America, plus a larger global cannabis market.
One such avenue for exposure is in Latin America, where Scythian has already laid down a foundation. The company's acquisition target has government approval to support low-cost distributors based in Colombia and Jamaica.
Scythian is on the verge of acquiring Colcanna SAS, which has just received licenses from the Colombian government to cultivate, extract, produce and research medical cannabis.
In Argentina, Scythian's soon to be acquired target MMJ International is the only company to receive government approval. And this subsidiary, and Colcanna SAS, together with other South American assets that Scythian has on the block to buy, are going to be flipped to Aphria for $193 million in cash and stock: a very big markup on assets that haven't been paid for yet. And the European market could be even bigger. The continent has twice as many people as the U.S. and could provide double the sales, as restrictive laws fall like dominoes.
Scythian has a plan in place to tap into the European market, laying a foundation in key countries across the continent. The UK, where new cannabis laws could be just around the corner, could be a huge opportunity-a country where informal economy marijuana sales totaled $3.46 billion and counted 3 million users.
The company is laying the foundation for a global marijuana boom, and when European laws change, Scythian will be in prime position to seize a chunk of the market there too.
# 3 Marijuana Sector Diversification, PLUS Incubator Upside
Scythian's (SCYB.V; SCCYF) plan is bigger than just production and distribution. The company invests in every part of the cannabis supply chain.
Its biggest opportunity is in Argentina, where it's just agreed to sell its target assets to Aphria Inc., the major Canadian marijuana producer. Aphria pumped $14 million into Scythian to help it tap into Latin America, the expected next major growth area in cannabis. With Aphria's and other investors' money, Scythian is setting out to incubate marijuana distributors across the world-building markets that both Aphria and Scythian can exploit with Canadian pot.
There are lots of different opportunities for Scythian to hit it big. A consumer marijuana product, a "Coca Cola" for pot smokers, could let it tap into the recreational market. Scythian is always on the hunt for opportunities like this.
A "Pfizer," style medical marijuana product, on the other hand, would let it access the medical marijuana industry, one that could grow by leaps and bounds if more marijuana-based drugs receive approval from the FDA. Scythian has been researching medicinal marijuana and could possibly come up with something big.
From these investments, Scythian could acquire lucrative new patents for marijuana products-from cannabis oils to new strains of pot to pill-based THC consumables. And not only that, they're creating a range of market consumer brands that can extend into every branch of the marijuana business and are working to make them the leading brands in their product lines.
#4 Global Cannabis Market
Few people understand the scope of what's going on behind the scenes at this little-known company but that's about to change.
So, rather than banking on fly-by-wire growers in North America, where markets might get saturated with pot, Scythian is looking abroad, where billions of customers remain underserved and where legalization legislation is probably not far off. As many as 1.37 billion people in Europe and Latin America may soon be free to shop for pot. And Scythian wants to bring it to them.
Other companies looking to take marijuana global: Cronos Group Inc (NASDAQ:CRON) is another Toronto-based cannabis company with a lot of ambition. The company has prioritized its production acquisitions in order to provide geographically diverse products. Hydropothecary Corp (OTCPK:HYYDF) Hydropothecary has chosen quality over quantity. Offering patients the ability to administer their medication in a smoke-free format provides users with an option that is not available just anywhere. Innovative Industrial Properties (NYSE:IIRP) is set to boom in the coming years. The company has formulated a strategy to target properties for acquisition and management to be leased to state-licensed marijuana growers, a market which is certain to flourish.
Beleave Inc. (OTCQX:BLEVF): Beleave became Cannabis Wheaton's fifth production partner in May and the parties will work cooperatively to identify an appropriate second site to be acquired and developed by a newly formed special purpose subsidiary of Beleave Aphria (OTCQB:APHQF) Aphria's products are developed to treat to a variety of different patients and symptoms. The company offers several smoke free medications for those who are unable to consume the products in that manner. Aphria also produces low-THC products for patients who are more sensitive to marijuana's psychoactive properties.
By. Meredith Taylor
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Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such forward-looking information includes information relating to Scythian's proposed acquisition of Marigold, MMJ Colombia, ABP and ColCanna; the expected sale of these companies to Aphria and resulting receipt of $193M from Aphria; that cannabis use and sales will grow as predicted; Scythian's intended acquisition of various foreign assets and potential sale to Aphria; that Scythian will be in a prime position in the UK and Europe to take a substantial portion of the cannabis market when laws permit; that Scythian can create its own "ecosystem" - from plant to product - in each territory it enters; its plans to incubate projects in various locations throughout the world; it could be granted licensable patents; and that it's traumatic brain injury solutions will be accepted by medical practitioners.
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