Company Profile: AVZ Minerals Limited is a well-known mineral exploration group that has been listed on Australian Stock Exchange in 2007. This explorer has been carrying out operations in the field of minerals exploration and mining in Namibia. It holds interest in many mineral exploration projects including its 60 per cent stake in world largest lithium-rich project called Manono Project based in DRC, central Africa. AVZ also holds a 100 per cent ownership of Manono Extensive Project and 60 per cent interest in the Katanga Regional Project. AVZ also owns various base metal prospective projects that are positioned in the central north of Namibia.
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Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.
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