Topic: How To Invest

Q: Hi Pat, I am interested in a company called True Leaf Medicine. It is building a new facility to grow cannabis in Lumby. Thanks for all you do.

Article Excerpt

A; True Leaf Medicine International Ltd., $0.49, symbol MJ on the Canadian Securities Exchange (Shares outstanding: 95.4 million; Market cap: $46.7 million, www.trueleaf.com), was launched in July 2013 to become a licensed producer of medicinal cannabis for the Canadian market. The Canadian Securities Exchange (CSE), formerly the Canadian National Stock Exchange (CNSX), is one of the country’s alternative stock exchanges. Founded in 2013, True Leaf has two main operating units: True Leaf Medicine Inc. and True Leaf Pet Inc. True Leaf Medicine Inc. produces federally approved medicinal cannabis for the Canadian market. With the near-completion of its cultivation facility in Lumby, B.C., the company believes it is in the final stages of approval—subject to a Health Canada inspection—for the production, manufacture, and distribution of cannabis products. It expects to complete construction this fall. True Leaf Medicine Inc. then aims to have its licence to grow cannabis by the winter and a licence to sell cannabis in spring 2019. Again, both of those steps…