Company Profile: FOLKESTONE LIMITED (ASX: FLK) is a real estate development, investment, and funds management company. The company provides wealth solutions for select institutions and private clients. It invests primarily in Australia and New Zealand. Folkestone Maxim A-REIT Securities Fund and Folkestone Maxim A-REIT Securities SMA are a part of its Australian real estate investment trust. The company was incorporated in 1967 and is based in Carrington St, Sydney, Australia.
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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. Click here for your FREE Report