Ann: Appendix 4C - quarterly, page-19

CAN just represents a different play on the sector. Its much more leveraged and is going straight for the endgame whereas a company like LGP is growing organically. The advantage to the CAN approach is that if a few pieces fall into place, like Federal Laws in the US then it will be a catalyst to the industry and CAN stands to benefit the most from a huge market. Its a simple risk/return situation and you should position based on your own tolerance to risk. However if you believe in the sector I don't see why you would only be behind one company, may as well invest in a few and take a close look at Canadian players that have access to the US.