Unique Company Taking the Cannabis Boom Global

LONDON, July 25, 2018 /PRNewswire/ --

FN Media Group Presents OilPrice.com Market Commentary 

Imagine being able to take a few million dollars in start-up capital and turn it into $193 million in just 6 months. Well, that's what a small Canadian investment company is about to do. And in the process, it's made a big success of its business strategy. Mentioned in today's commentary includes: 22nd Century Group, Inc. (NYSE:XXII), Intec Pharma Ltd (NASDAQ:NTEC), The Supreme Cannabis Company, Inc. (OTC:SPRWF) (TSX-V:FIRE), Aphria Inc (OTC:APHQF) (TSX:APH), OrganiGram Holdings. (OTC:OGRMF) (TSX-V:OGI).

The company is Scythian Biosciences Corp. (SCYB.V; SCCYF), a Toronto-based investment firm building a global cannabis network.

Unlike most investment companies in the medical cannabis market, Scythian Biosciences set out to quickly forge strategic alliances with research teams, governmental entities and producers in key markets overseas.

The big players now interested 

This foresight and planning appear to be paying off in spades - and is attracting a lot of attention. In July, Aphria, the third largest cannabis producer in the world, with a market cap of $3 billion, announced its intention to purchase several of Scythian Biosciences' acquisition targets for $193 million. Understandably, people are impressed.

In one fell swoop, Aphria will acquire control of a Colombian medical cannabis producer owned by Scythian Biosciences, an Argentine pharmaceutical import and distribution company and a Jamaican company with licenses to cultivate and conditional licenses to process, sell and provide therapeutic or spa services using cannabis products in Jamaica.

As for Scythian Biosciences, this single sale represents more than twice the market of the entire company!

Forging strategic partnerships 

The recently announced sale to Aphria reflects what appears to be Scythian Biosciences' business model: to combine ground-breaking R&D programs with strategic partnerships all over the world. Its global 'first mover approach' allows the company to develop the infrastructure and on-site services required to support and grow an industry.