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Cannabis Investment Opportunities Beyond North America's Borders | 2020-09-17 | Investing News – Stockhouse

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Stockhouse cannabis sector investors have watched Canada’s domestic companies take a sometimes rickety rollercoaster ride over the past 12 to 18 months. But the nausea that cannabis can often effectively treat patients can’t necessarily help with the motion sickness investors have felt watching their stocks tumble in the face of a myriad problems licensed producers, cultivators and retailers have faced, and created, over that time.

As a result, savvy investors in the cannabis space are beginning to look outside the box, errr borders, for bona fide opportunities in places some may consider off the beaten path. Like…Latin America.

Did you know that Canada was not the first country to legalize recreational, adult-use cannabis at the federal level? In fact, the South American country of Uruguay passed legislation to legalize recreational cannabis in December 2013, making it the first country in the modern era to legalize cannabis (almost 5 years prior to Canada). Fast- forward to today and you’ll find that Colombia has positioned itself as the newest major player on the Latin American cannabis landscape.

According to Prohibition Partners, Latin America is among the world’s fastest-growing cannabis markets with expected cannabis spending of USD$12-billion by 2028, and an estimated 68 million potential medicinal cannabis patients.

Colombia started along a path toward legalization in 1986, and now has one of the most sophisticated regulatory systems in the continent. The country boasts an ideal climate for cultivation of the plant, tolerant legislation, and low production costs that have recently turned the South American nation into a major hub for international cannabis investments. Today, the local industry is dominated by a few players that have attracted investor attention above others.

One such player is Blueberries Medical Corp. (BBM) (CSE: BBM, OTC: BBRRF, FRA: 1OA, Forum) – a Latin American licensed producer of medicinal cannabis and cannabis-derived products, operating mainly out of the Bogotá Savannah of central Colombia.

Commencing trading on the Canadian Securities Exchange in February 2019, BBM has quickly gained the attention of both public retail and private institutional investment communities in South and North America, as reported in a Stockhouse Top Value Stock Editorial in June.

This innovative Colombian-based company has distinction of being the first Company to have designed and engineered a machine with new stainless-steel extraction vessels that is fully compliant under European Union’s Good Manufacturing Practices (EU-GMP). They also boast 142 exclusive Colombian cannabis strains with high CBD and THC contents with all of the applicable licenses granted by the Colombian Ministries of Justice and Health.

Blueberries Medical Corp. has made a number of strategic moves over the past 18 months to help grow its business and brand globally. Stockhouse investors who’ve traditionally kept a keen eye to North American-only cannabis companies, may want to take a long, hard look at this value opportunity stock.

FULL DISCLOSURE: Blueberries Medical Corp. is a paid client of Stockhouse Publishing.

New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.

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BC Liberals promise $2 million investment in McAbee Fossil beds – Ashcroft Cache Creek Journal

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BC Liberal candidate Jackie Tegart has announced that $2 million from the Liberals’ Rebuild B.C. plan has been earmarked for the development of the McAbee Fossil Beds as a tourist destination.

The McAbee Beds are located east of Cache Creek on the Trans-Canada Highway, and are internationally recognized as the most diverse site known in British Columbia for plants and insects of the Eocene Epoch from 50 million years ago.

In 2012 the beds were declared a heritage site by the provincial government and closed to the public. In 2017 a working group of volunteers secured funding to develop a business plan for the site, which set out a phased approach to develop a world-class interpretive and research centre at the globally significant site, which could attract up to 50,000 visitors each year.

The McAbee Beds were recognized with a “Stop of Interest” sign and reopened to the public in the summer of 2019. The COVID-19 pandemic halted plans to open the site again in 2020, but work on a trail system for visitors began in September, with the hope of welcoming visitors again in 2021.

The BC Liberals recently announced their $8 billion Rebuild B.C. plan, which includes increased funding to accelerate infrastructure projects to meet the needs of the province’s growing population, create jobs, and improve long-term productivity. The McAbee site has been recognized for the enormous potential it has as a centre for education, research, and tourism, and the Liberals say that investment in it would put people to work immediately as the site is developed, and for years to come as the centre becomes operational.

“This site is of interest to researchers, students, and visitors,” says Tegart. “Investing in developing McAbee as a tourist destination will create jobs and allow more British Columbians to safely visit and spend time in our community.”

BC Votes 2020Election 2020

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Investment of $550-million will build 20 new schools, expand others: province – durhamradionews.com

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Over the next year, 20 new schools will be built across Ontario and eight existing schools will see state-of-the-art permanent additions.

That’s according to the provincial government, who are investing $550-million in the project, which is expected to add nearly 16,000 new learning spaces and 870 new licensed child care spaces over the 2020-2021 school year.

“Our government is doing everything possible to ensure our students can achieve lifelong success,” said Premier Doug Ford. “That’s why we made a significant commitment to fix our schools and ensure students and staff have access to the best classrooms, with features like modern ventilation systems and high-speed Internet access. During construction, these projects will create hundreds of jobs and contribute significantly to our economic recovery.”

Some schools will also be getting upgrades to enhance their facilities and add more student spaces.

“This government firmly believes that all children deserve to learn in state-of-the-art, modern, technologically connected and accessible schools,” said Education Minister Stephen Lecce. “We will continue to take action to ensure students are safe today and well into the future by approving more new school buildings and permanent additions, and increasing access to child care for working parents.”

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Israel, UAE, US launch joint regional investment fund – Anadolu Agency

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JERUSALEM 

Israel, the United Arab Emirates (UAE) and US announced on Tuesday the establishment of a development fund during the first-ever visit of an Emirati delegation to Tel Aviv.

The Abraham Fund, derived from the Abraham Accords, the official name of the normalization deal between Israel and the UAE, will be launched with an initial investment of $3 billion, said US International Development Finance Corporation CEO Adam Boehler.

He said the Jerusalem-based fund aims to promote economic cooperation and prosperity in the Middle East and North Africa.

In a statement, the US Embassy in Israel said the fund is “a manifestation of the new spirit of friendship and cooperation between the three countries, as well as their common will to advance the region”.

On Sept. 15, the UAE and Bahrain agreed to establish full diplomatic, cultural and commercial relations with Israel after signing controversial agreements at the White House.

The deals have drawn widespread condemnation from Palestinians, who say the accords ignore their rights and do not serve the Palestinian cause.

* Ahmed Asmar contributed to this report from Ankara



Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.

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