pot stocks to watch

California and Canada represent two of the largest cannabis markets in the world. In the past year or so, the shifting legislation has resulted in one of the fastest-growing industries. Canada is undoubtedly leading the charge on the legislative front as they have recreationally legalized marijuana on a nationwide scale. This does not mean that they are out of the water, as they still have a lot more to go in order to see their market become greatly successful.

California, on the other hand, has seen its industry become recreational as well in the past few years. The state is currently contending with the largest pot market in the nation which makes them an example for the industry. California however, has seen quite a bit of issues in terms of high tax rates and a burgeoning black market. These issues do seem like they are declining as the state takes into consideration the issues that it is facing. For now, these two companies could be marijuana stocks to watch.

Marijuana Stocks To Watch #1 Integrated Cannabis Company Inc.

Integrated Cannabis Company Inc. (ICNAF Stock Report) (ICAN) is one of the leading licensed manufacturers and cultivators of cannabis products. For some time now, it has been working in the Californian and the Nevada market. After licensing Ganja Gold back a few years ago, the company was able to move into the Oakland market, where they have seen great success.
With operations starting small, the company was able to turn its Oakland division into a 32,000 square foot facility that is fully licensed for cultivation. Additionally, the company also operates a state of the art, custom pre-roll manufacturing machine.

Recently, the company announced that sales are forecast to grow from around $9 million this year, up to $25 million by 2021. This estimate does not seem too far off considering the amount of growth that has been witnessed up to this point. The company is also doing a solid job contending with the current high levels of volatility amongst pot stocks. For this reason, it remains one of the marijuana stocks to watch.

Marijuana Stocks To Watch #2 Aphria Inc.

Aphria Inc. (APHA Stock Report) has been beaten-down this year. The company has seen its shares drop by as much as 75%. Despite the incredible levels of fluctuation in the current pot stock market, the company has managed to continuously grow over the past few quarters. The stock has bounced back 20% off its 52-week low.

marijuana stocks on Robinhood Aphria Inc. (APHA)

The company has seen some issues with the black market taking over some of its demand, but this does seem to be a small issue. Regardless, the company does present some interesting opportunities for pot stock investors to take a look at.

Recently the company announced that its subsidiary Aphria Diamond secured a credit facility, on November 29 2019, with a major Canadian chartered bank (the “Bank”) as sole arranger, sole book runner and administrative agent on behalf of a group of lenders for a committed senior secured credit facility of $80 million.

“Aphria has the largest cash balance in the cannabis industry without the dilution of a strategic partner,” said Irwin D. Simon . “We are pleased to have secured a term loan that will repatriate a portion of our investment in Aphria Diamond, to be strategically deployed by Aphria. This loan strengthens our balance sheet without being dilutive, and positions Aphria Diamond for success as we expand into new categories and growth opportunities in cannabis to enhance value for shareholders long term.”

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Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of PotStocks.com), Midam Ventures LLC and Integrated Cannabis Company (ICNAF) (ICAN), Midam is being paid $50,000 a month for coverage on Integrated Cannabis Company (ICNAF) (ICAN), for a period from August 19, 2019 to February 19, 2020. Midam Ventures LLC will also receive 150,000 common restricted shares of Integrated Cannabis Company (ICNAF) (ICAN) upfront and another 150,000 common restricted shares in 90 days. We may buy or sell additional shares of Integrated Cannabis Company (ICNAF) (ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company (ICNAF) (ICAN). For Full Disclaimer Click Here 

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