The 2018 year for cannabis was undoubtedly quite rough as far as share prices are concerned. Despite this unsettling news, a large amount of happenings in the industry took place over the course of the past year which have set the wheels on the right track for the coming months.
Everything from Canadian legalization to individual states in the U.S. legislating similarly will likely have a large positive effect on the future of the market. Some stocks have remained standouts among the cannabis market, but will these buys remain in the same category throughout the new year?
Next Green Wave (NXGWF) (NGW) is a prime example of a stock that investors have been watching for several months now. The company made headlines only a few days ago as their stock shot up by as much as 326% during intra-day trading. This stock uptick represents a large change in volume, but more so the trust that investors have for the company in the near future. Next Green Wave is a completely vertically integrated producer of high quality cannabis for sale throughout the U.S. market.
Next Green Waves vertical integration has made it extremely easy to take care of two factors. The first of those two is the fact that they are able to maintain a strong hand on what product they are releasing to the public. Due to them controlling every aspect of production from seed-to-sale, Next Green Wave is able to produce some of the highest quality cannabis in the industry. With around 60,000 square feet of dedicated grow space, Next Green Wave looks to be future proof in this regard.
The other aspect of vertical integration that benefits Next Green Wave is the fact that they can produce higher margins than most similar businesses in the industry. With vertical integration, there is no middle man to pay, thus all of the profits go right back into Next Green Wave. Both of these factors contribute to why so many investors have continued to watch Next Green Wave.
Tilray (NASDAQ:TLRY) is considered to be one of the top three cannabis producers in the world. Based out of Canada, the company saw their 2018 year as quite solid during the first half. By September of this year, the company had seen their shares shoot up by as much as 850%.
Then, a massive bout of volatility tore through not just Tilray, but the whole of the stock market. This drove the price down substantially, but investors have viewed this as an opportunity rather than a downfall. Because of the massive potential that Tilray has to become the world’s largest producer of cannabis, many have stated that Tilray at its current price could be quite a bargain.
Also interestingly enough, CalPERS, the largest pension fund in the U.S. bought a stake in Tilray, which is the first time that they have decided to enter marijuana stocks. This could help to give investors a renewed sense of trust in the cannabis market for the future.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1, 2018 to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. Midam has been compensated an additional $75,000 and has extended its period of coverage to January 8, 2019. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave.
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