The future of marijuana stocks is something that seems even brighter than the present. Some studies have shown that the pot stock market could be worth as much as triple-digit billions within the next five or ten years. Well, this may be a stretch, it seems fair to assume that the market will grow substantially in that time. Given that growth is an undeniable fact of the market, some marijuana stocks have managed to illustrate their value more than others.
This is due to their commitment to the future, and how much innovation they are putting forth in the industry. At times, it can be difficult to deduce where the value in innovation is hiding, but with the right research, it becomes much easier to uncover. Research is the greatest tool that an investor can have at their disposal. It allows one to forgo some of the surprises that come with swings in price action. Additionally, it can help to narrow down which pot stocks to watch and which to let fall by the side.
A Pot Stock With Big Plans for the Future
AgraFlora Organics (AGRA Stock Report) (AGFAF Stock Report) is one of the leading cannabis cultivators working out of the industry. The company has continuously shown its plans for heavy long term growth within the Canadian pot stock market. The company currently has a 2.2 million square foot facility. This location is known as the Delta Greenhouse Complex. When finished this will be one of the largest grow sites in the world. Additionally, they have a non-binding letter of intent with one of the largest Canadian food retailers to supply various cannabidiol products. For all of these reasons, they have remained a key pot stock to watch in the industry.
The joint venture that they have with Propagation Service Canada for the 2.2 million square foot facility mentioned above, will be one of the largest in the world. AgraFlora has a 70% stake in the joint venture which gives them quite a bit of access to the product that is being produced. Additionally, they are waiting on approval for the facility to be completed, which is all being done by Health Canada, the main governing body for the pot industry. The company has stated that they do not expect there to be any trouble with the approval of the facility as it is well on the way to being finished.
A Pot Stock Fighting Their Way to the Top
Neptune Wellness Solutions (NEPT Stock Report) is one of the most recent companies to list on a large U.S. exchange. The company has been working in the health and wellness side of the industry by producing a large range of CBD related products. The company has also signed into deals with several of the largest pot stocks in the industry which should help them as they move into the future of the market.
NEPT is a large scale producer of various extract products which they see being the next few years of the industry. The deals include a multi-year deal with Canopy Growth Corp. for the extraction, refinement, and formulation of various CBD products. In addition, they have several others in the works. For this reason, they remain a key marijuana stock to watch moving forward.
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