October, the month where things begin to get cold and marijuana stocks gear up for what could be a bright winter ahead. With so much going on in the pot stock market, it seems as though each new month is a new time for pot stocks to see potential success. This is driven mostly by the amount of innovation that companies are willing to put forward. We have seen innovation be one of the main driving forces behind growth in the pot stock market. This is simply due to the fact that consumers are always looking for the next newest and best product to join their cabinets.
With so much competition in the pot stock market, it can at times be difficult to identify value in a given pot stock to watch. This, however, is made much easier by the amount of research that one is willing to put in. With the right research at hand, it appears as though it is much easier to play for the future of the pot stock market with fewer surprises than someone who did not do the proper research. All in all, investing in pot stocks is something that seems to remain positive for the next few years in the industry.
A Pot Stock To Watch
AgraFlora Organics (AGRA Stock Report) (AGFAF Stock Report) is a growth-oriented and diversified pot stock working on the international level for cannabis. The company currently owns and operates a cultivation area in London, ON. In addition, they have stated that there are a joint venture partner with Propagation Service Canada for a 2.2 million square foot facility based out of Delta, BC. The latter greenhouse should serve as the basis for their massive production of cannabis for use in various products throughout the market. The company has stated that they have a highly successful track record of increasing shareholder value as well as pursuing as many opportunities as they can within the cannabis stock market.
Recently, they announced that they have been awarded a Cannabis Research License from Health Canada, the governing board of all things cannabis in the nation. With this new license, they should be able to focus heavily on their various research and development initiatives including CBD hemp cultivation techniques, extraction methods, proprietary cannabis profiles for future product lines and more. This commitment to innovation and research continues to make AgraFlora Organics a key marijuana stock to watch.
The Big Pot Grower
Canopy Growth (CGC Stock Report) is one of the biggest names in the pot stock market. The company currently has quite a bit of free-flowing cash which makes them one of the most popular pot stocks in the market. Although they have seen some trouble in the past few months, it seems as though they are working on shifting their business model to compete with the other companies working to gain the top space.
The company still is showing some value at its current share price, which is something to watch. With so many pot stocks being overvalued in the current day, it seems as though Canopy’s price and their position in the market, makes them a key pot stock to watch moving forward.
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