A variety of configurations allow the CubicFarm growing modules to be customized to the crop. This image shows spring greens in production. Source: CubicFarm Systems Corp.
Set against a backdrop of snow-capped mountains, what looks like a Quonset hut sits amid blueberry fields in the Vancouver suburb of Pitt Meadows flanked by what appears to be a dozen shipping containers.
But the arched structure is the command centre of a new kind of controlled-environment agriculture system, one that could make plant production more efficient and enhance local food security.
Known as CubicFarm modules, the indoor food-grade stainless steel growing chambers that flank the central work area can produce 6,240 heads of lettuce onsite every three weeks, as well as other produce, herbs, and microgreens. A conveyor cycles more than 250 growing trays along a patented undulating path in as little as 90 minutes, receiving light and nutrient-rich water along the way. Each module consumes approximately 1
Image source: Getty Images
Businesses with their market cap falling between $300 million and $2 billion are classified as small-cap stocks. These companies offer high-growth prospects but are highly volatile, as market fluctuations can significantly impact these companies. So, investors with higher risk-taking ability should invest in these stocks to earn superior returns. If you are ready to invest, here are four Canadian small-cap stocks that can deliver superior returns in the long run.
Savaria
First on my list would be Savaria (TSX:SIS), which has a market cap of $1.17 billion. The accessibility solutions provider is up over 27% this year, comfortably outperforming the broader equity markets. Despite the pandemic, the company’s adjusted EBITDA rose 7.5% last year. Its strong performance and the acquisition of Handicare Group appear to have increased investors’ confidence, boosting its stock price.
Image source: Getty Images
The cannabis industry has seen some astonishing ups and downs in recent years. After several stocks seeing valuations rise in 2018, downturns in the following two years saw investors steer clear of this sector in general.
Today, this sector is back in high gear, as speculators have taken these stocks on a nice ride. Indeed, it appears that there has never been a better time to jump into cannabis stocks, for those willing to speculate on these growth plays. Amid this new optimism,
Hexo(TSX:HEXO)(NYSE:HEXO) has been a three-bagger over the past 12 months.
Here’s why this stock remains one of my top picks in the cannabis sector today.
Image source: Getty Images.
Yesterday, Statistics Canada reported that Canada’s retail sales in February rose by 4.8% to $55.1 billion. It further put the preliminary estimates for March at 2.3%. Supported by these substantial numbers and investors’ optimism over a robust economic recovery, the Canadian benchmark index, the
S&P/TSX Composite Index, posted a new high yesterday before closing at 19,356.95, representing an increase of 0.95% from the previous day. Meanwhile, the following three companies rose by over 5%. Let’s assess whether the momentum can continue going forward.
HEXO
Yesterday,
Hexo’s (TSX:HEXO)(NYSE:HEXO) Masson-Angers cultivation campus in Quebec received the Control Union Medical Cannabis Standard GACP certification. The company’s management hopes the certification could help in increasing its market share in Canada and penetrate newer markets worldwide. Meanwhile, the certificate could also aid in partnering with major CPG pl
Author Bio
Sushree is a new member of the Fool family, keen on writing about the cannabis and healthcare sector and also has five years of experience writing on real estate, consumer sector, and macroeconomic topics. She holds a bachelor’s degree in business management, specializing in finance, and also a CFA Level 2 candidate. Being a fitness enthusiast and a creative person, when she isn t writing, she is either kick-boxing or painting.
The popularity of cannabis players like
Canopy Growth (NASDAQ:CGC) means other good growth stocks in the industry can sometimes be overlooked. Canada-based
HEXO (NYSE:HEXO) is basically in the same boat as Aurora Cannabis, but investors remain focused on Aurora, which gained big name recognition when it made some investors millionaires by riding the wave of Canadian cannabis legalization in 2018.