Meta Growth (TSXV:META) (OTCMKTS:NACNF) Is All Set To Make Solid Movement In Coming Sessions

Over the past few years, plenty of new cannabis companies have come up in Canada and one of the most promising ones is Meta Growth (TSXV:META) (OTCMKTS:NACNF). The Canadian company may have been under the radar a bit but there is no denying that investors should take a closer look at its operations.

Having a competent management team with a track record of success, the company has managed to generate as much as $60 million in retail sales ever since cannabis was legalized in Canada back in 2018.

Generates Solid Revenues

However, that is not all. It has also managed to show tremendous growth in its latest quarter. The company’s retail revenue for the latest quarter stood at $16.8 million, which reflects an astounding jump of as much 407% from the year’s first quarter. At this point in time, Meta Growth boasts of a total of 35 licensed retail stores in Alberta, Manitoba, & Saskatchewan.

The company has projected that by the end of 2020 it is going have as many as 109 stores in total. Considering the fact that it was one of the first movers into the cannabis retail space, Meta Growth has managed to become one of the leaders.

Investors need to keep in mind that Meta Growth has a lot going for it at this point in time and it is a company that should be at the top of their tracking list. While the company’s dominance in the retail space is definitely a huge plus, it has also managed to generate more revenue per square foot than many of the biggest cannabis companies in the world. At this point in time, the company boasts of revenues of $1030 worth of revenues per square foot per year and that places the company in the higher echelons of the retail space.

In the near term, the company has two major drivers of growth and that is something that market watchers should keep in mind with regards to Meta Growth. After the new stores come up, around 75 are going to be located in Ontario, the most lucrative province in Canada for cannabis companies. On the other hand, the legalization of derivative or ‘Pot 2.0’ is all set to be another major growth driver for Meta Growth. Pot 2.0 is going to hit soon and with that, the company expects to grow further.

Derivatives are all set to be legalized due to Pot 2.0 and sales are going to start at some point in the middle of December. Analysts believe that it is the next frontier for the cannabis industry and they believe that it could add as much as $2.7 billion in yearly sales to the sector. Meta Growth is well-positioned to take advantage of the coming growth spurt.

The company already retails as many as 40 different brands and sells a wide range of products starting from dried flower to smoking accessories. The growth will be driven by products like tropicals, edibles, and pot-laced beverages. Many existing companies will not enjoy much growth but since Meta Growth has the first-mover advantage in the retail space, it is well-positioned to ride the new wave.

Happy Trading,
TradersInsights Team

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