Can These Pot Stocks Manage More Growth?
Marijuana stocks have seen a great deal of growth in the past few years. With more investors than ever looking at the cannabis industry, there are some pot stocks that are showing increased popularity. Of course, this includes the majors like Canopy Growth Corp. (NYSE:CGC) and Aphria Inc. (NYSE:APHA); but also the smaller pot stocks like Charlotte’s Web Holdings Inc. (OTC:CWBHF). Regardless of the size of the pot stock, investors should always know a few things. For one, investors should make sure that they have a good idea of where the company is heading in the future.
This includes knowing what its plans are for growth and whether or not it has the funds to do so. The second factor to consider and arguably the most important is what the company’s financials look like. Utilizing these two pieces of information can help to guarantee that investors know all they can about a given marijuana stock. While there are more aspects to know, these seem to be the most crucial. With that in mind, here are two pot stocks with increasing potential.
An Unknown MSO Pot Stock
Jushi Holdings Inc. (OTC:JUSHF) is an MSO that is not as popular as the other major ones. Despite this, JUSHF stock has shown a great deal of potential in the past few years. With a market cap north of $230 million as of mid-September, JUSHF stock is by no means a small marijuana stock. But, the company has been working to capitalize on as many markets as it can. Jushi has worked to move into several markets that have not yet seen massive adoption by the public. This includes Pennsylvania, Illinois and Virginia. Recently, the company announced that it had purchased an 80% stake in Agape Total Health Care.
With this, the company now has the right to open as many as 15 retail stores in Pennsylvania. In Illinois, Jushi reported seeing massive amounts of sales growth. In its two stores there, the company reported a 330% sales growth amount in the same quarter of the previous year. In addition, Jushi stated that it intends to produce roughly $200 million in sales for the full 2021 fiscal year. With that, it remains a leading and albeit unknown marijuana stock to watch.
A Leading Cannabis Grower Pot Stock
Village Farms International Inc. (NASDAQ:VFF) is one of the leading growers of marijuana-based in Canada. The company has been able to turn a profit while most other marijuana stocks are struggling with major losses. Although it only produced $173,000 in operating profits, there is a lot of potential growth that has yet to occur. The company also stated that it produced revenue of $47 million in its most recent second quarter. This number shows a 15% year over year revenue growth.
VFF stock has gained a lot of popularity for the company’s partnership that yielded Pure Sunfarms. Currently, Pure Sunfarms is generating a 44% gross margin which is quite substantial. In the past quarter, VFF stock has shot up by as much as 41%, offering investors a very intriguing entrance point. While it does still have a lot of growth left to manage, VFF stock remains a leader in the Canadian cannabis industry. For this reason, VFF stock continues to be a pot stock to watch.
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