Innovation is one of the best ways to get ahead of the competition. With marijuana stocks, this is one of the main reasons that only a handful of companies have succeeded while others may not have seen as much success. Innovation can come in many forms outside of the traditional technological sense. Many companies have worked to develop new ways to produce their products, as well as new methods of selling them.
As legalization continues to be one of the largest hurdles to progress, cannabis companies are still working to create the next big thing. Only a few companies have consistently worked to put the future first. These key pot stocks to watch are only a few of a handful of businesses doing such. Only time will tell how well they can continue to fair amidst fervent market competition and a changing industry environment.
A Global Investment Pot Stock
SOL Global Investments Corp. (SOL Stock Report) (SOLCF ) is considered to be one of the leading international investment companies as their name states. The company has a heavy focus in cannabis and cannabis-related businesses in U.S. where the substance is legal. In addition, they have stated that they are working to move deeper into the hemp and CBD areas of the market. The company has also mentioned that they have plans to delve into the European market on hemp and CBD as well in the near future. SOL Global has continued to provide investors with long term returns through the use of capital appreciation and dividends. As they continue to locate value in the pot stock market, the company remains a key pot stock to watch.
The company recently announced that its subsidiary, Heavenly Rx Ltd. has entered into an MOU with Therapix Biosciences. For those who don’t know, Therapix Biosciences is a clinical-stage pharmaceutical company with a large portfolio of technologies and assets utilizing cannabinoids as their primary compound. Paul Norman, CEO of the company stated that “Today’s announcement marks the opportunity for Heavenly Rx to become a public company. It was just a matter of finding the right company to go forward with and we have found a great partner with Therapix. The possibility of marrying our CPG expertise with Therapix’s specialized background positions this proposed transaction to win long-term in the vastly expanding CBD marketplace.”
A Key Alternative Pot Stock to Watch
Innovative Industrial Properties (IIPR Stock Report) is considered to be one of the leaders when it comes to the ancillary pot stock market. The company operates as a REIT which means that they purchase facilities and then lease them out to those who wish to grow cannabis. The company is also one of the only pure-play pot stocks that consistently pay its shareholders a dividend.
For this reason, the company has been able to capture the market by storm. Additionally, they have been on quite a winning streak in the past year or so. For those who wish to forgo a high level of market volatility, Innovative Industrial Properties remains one of the most interesting pot stocks to watch.
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