While marijuana stocks have not seen the brightest of days in the past few weeks, it seems as though people remain positive about the future of the industry as a whole. Pot stocks have projections showing that the market could reach the triple-digit billions in the next ten years or so. That kind of projection means that the cannabis market has a lot to look forward to.
With so much leaning on legislation going in place in the next few years, it seems as though certain marijuana stocks to watch are doing more for the future than others. These pot stocks to watch are committed to a bright future through innovation and new guiding principles.
Two Key Marijuana Cultivators
Aurora Cannabis (ACB Stock Report) is one of the largest marijuana stocks in the whole of the industry. The company has been working with their most recent reported quarterly results. The company stated that their revenue should jump to around CA$107 million. This is quite substantial and illustrates an almost 60% jump over the previous quarter. The company also stated that they could have some big news in terms of partnerships for the coming future. This means that their newest board member, billionaire Nelson Peltz, could just be helping to craft the next few years of Aurora overall. For these reasons, they remain one of the key pot stocks to watch.
HEXO Corp. (HEXO Stock Report) is another one of the big growers in the cannabis stock market. The company has also been working with its most recent financial report. The company has stated that the key to their success is being able to boost the amount of product that they can put out and package as an end result.
HEXO Corp. has made it their priority to invest in a large amount of research and development which is a key to their future. The company currently is in a partnership with Molson Coors Brewing. This deal has the goal of producing various CBD-infused beverages for sale in the open market. HEXO Corp. has also stated that they could have another large partner being added to the team in the next year or so.
This Pot Stock Is Trying To Climb Back To The Top
CannTrust (CTST Stock Report) is considered to be one of the top ten growers of cannabis in the industry. Despite their market standing, the company had quite a big fall from the top in the past few months. This could mean one opportunity for investors that has often been overlooked. Despite their fall in value, the company still maintains quite a heavy amount of growth potential.
This means that they could be looked at as a potential value buy instead of a company with a low share price. Regardless, they have been working to release their new quarterly results which could change things up a bit. For this reason, investors should continue to watch CannTrust as a marijuana stock to watch moving forward.