Are You Looking For Marijuana Stocks To Invest In?
It’s midway through January and leading marijuana stocks to buy are assessing some of the massive gains they managed to achieve this month. With a long weekend coming Canadian marijuana stocks are ending the week adding to the large gains the sector made with Aphria Inc.’s (NASDAQ: APHA) better than expected Q2 fiscal 2021 financials on January 14th. On the other hand, most U.S. pot stocks to watch have lost some ground by mid-day trading. While the market goes into the weekend cooling down from a choppy week of trading. Most cannabis stocks have begun this year with double-digit percentage gains in the market. Currently, it seems investors have much more confidence in the rapid growth of the cannabis industry.
- 2 Marijuana Stocks To Watch Right Now 1 With 133% Gains Since January
- Will These Marijuana Stocks Push Higher In The Market
In reality, this year could bring some formidable changes to the cannabis industry that could accelerate revenue growth. In addition, increased expansion through mergers and acquisitions continues to play a role in the recent entry of cannabis companies into key growth markets. Another important development is the fact more states are scheduled to vote on legalization this year. To put in perspective each state could add up to a billion dollars in first-year sales when introducing a legal marijuana market. So, what are the best marijuana stocks to buy for gains next week? With some leading pot stocks pulling back in the market it could be time to add some cannabis stocks to your watchlist.
Finding The Right Pot Stock For The Biggest Gains
One thing for investors to keep in mind are the opportunities to invest in the cannabis industry at lower share prices than most top marijuana stocks. Even though it could prove profitable to hold marijuana stocks like Green Thumb Industries Inc. (OTCQX: GTBIF) up over 22% since the start of 2021, there is value in other places. In fact, some of the smaller companies could have more future growth potential than the larger established ones. For the purpose of finding pot stocks to watch before they make gains in the market, we can begin to research some companies. In view of the current cannabis rally, let’s take a look at 2 marijuana stocks to buy under $2 that could see gains in 2021.
Marijuana Stocks To Watch:
4Front Ventures Corp. (OTCQX: FFNTF)
Liberty Health Sciences Inc. (OTCQX: LHSIF)
4Front Ventures Corp.
4Front Ventures Corp. is a national multi-state cannabis operator and retailer, with a market advantage in the mass-produced, low-cost quality branded cannabis products. Currently, the company has a portfolio of over 25 cannabis brands it distributes through retail outlets and Mission brand dispensaries. At the present time, 4Front operates across 5 states and is headquartered in Arizona. In essence, 4Front performed well in 2020 delivering Q3 Pro Forma revenue of $22.3 million up 170% from the year prior. Additionally, the company has given initial 2021 guidance of $170-$180 million and adjusted EBITDA of $40-$50 million. For investors looking for a cannabis stock with growth potential the company’s existing projects represent long-term revenue of $650 million.
FFNTF stock is up 17.58% since FFNTF) the beginning of January 2021. Currently trading $1.055 on January 15th with increasing market growth in Arizona and California 4Front could gain significant revenue growth. As 4Front continues manufacturing new cannabis products and opening more Mission dispensaries they could gain substantial market share. With this in mind, FFNTF stock is a marijuana penny stock to watch right now.
Liberty Health Sciences Inc.
Liberty Health Sciences Inc. was recently acquired by leading cannabis company Ayr Strategies Inc. (OTCQX: AYRWF). In the deal, Ayr purchased Liberty for the total consideration of $290 million. To elaborate, the transaction provides Ayr a strong entry into the key market of Florida. In fact, Liberty has assets in the state including a 300,000 sq. ft. cultivation facility and 28 dispensaries across Florida. Another important growth factor is Liberty’s additional 14 dispensaries it expects to open in 2021. In reality, this would bring the number of dispensaries it has in operation to 42.
Additionally, Liberty’s Interim CEO George Gremse said,” “This transaction is a win-win-win for Liberty’s patients, shareholders, and stakeholders. With support from Ayr, Liberty dispensary openings across the state will accelerate and product expansion will be enhanced. Shareholders will benefit not only from the strong growth in the Florida market but also from the growth in other key states. Our employees will have exposure to new opportunities and career paths. We are delighted to become part of the AYR family of companies.”
LHSIF stock is up 24% in trading since the start of 2021 and could see more gains this month. Currently trading at $0.9981 Current developments in Liberty give it more rapid growth potential. As Liberty continues building its footprint in Florida LHSIF stock could be one of the fastest-growing cannabis stocks to buy under $1.