Marijuana stocks have been shaping up quite a bit for the month of July. Over the past few weeks, we have seen increased value from some of the top pot stocks. Could they have even more potential this month?
One of the largest shifts in the industry has been changing legislative measures. In the U.S. especially, marijuana legalization is king. This is why so many states have chosen to make legalization one of their top priorities. As we enter July, there are a number of marijuana stocks to watch.
A Canadian Marijuana Stock To Watch:
AgraFlora Organics (AGRA) (PUFXF)
AgraFlora Organics (AGRA) (PUFXF) is a growth-oriented company working to dominate the international cannabis industry. Currently, its indoor growth facility in London, ON has helped AgraFlora move toward the future goal of producing new and better products. In addition, a joint partnership facility with Propagation Service Canada has allowed the company access to more than 2.2 million square feet of grow space in Delta, BC.
The company recently announced that it has begun aggressive expansion into the Brunswick facility in Toronto, Ontario. As part of the expansion, AgraFlora will see a 30% increase in volume capacity as well as access to off-site volume capacity. Additionally, this marijuana company should be able to add their patented high-grade dispensing technology. It has become one of the newest cannabinoid delivery methods.
With such a strong eye for growth, AgraFlora has managed to stay ahead of the competition compared to other pot stocks. Investors have continued to state that they are excited to see what the future has in store for the marijuana company. With a large amount of expansion underway, AgraFlora holds a place on the list of marijuana stocks to watch.
A Key Marijuana Grower:
Aleafia Health (ALEAF) (ALEF)
Aleafia Health (ALEAF) (ALEF) is definitely not an underground pot stock. But it still remains lesser-known than some of the bigger cannabis stocks. The company currently runs as many as 40 medicinal cannabis clinics which they use to serve as many as 60,000 patients.
With its newest expansion, Alefia has stated that it has the potential to put out as much as 140,000 kilograms of marijuana at peak capacity. If it’s able to grow this amount, Alefia could also see its margins increase. The company still has some unknowns. But investors should always be extremely diligent in doing their research on marijuana stocks to buy.
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