With so many new and interesting ideas flooding into the cannabis industry, only a handful of businesses have been able to capitalize on the success. These companies are key movers and shakers and have committed themselves to push toward the future. With some big changes scheduled into the near future, only a handful of marijuana stocks look like they are truly here to stay. One aspect of the market that many have avoided has been the advent of ETF pot stocks.
These marijuana stocks have amassed some serious attention in the past few months as many of the most popular companies in the industry have seen some pretty big downtrends. This is not to say that this isn’t reflected in the ETF’s prices. Yet the exposure that they offer is worth checking out. Additionally, some of the most prominent stocks in the industry such as the large growers may be at low prices. This again does mean that they are worth giving the first look, but potentially a second look is what is needed.
An ETF Marijuana Stock to Watch
ETFMG Alternative Harvest (MJ Stock Report) is one of the leading ETF’s in the market. The ETF has definitely had some better days as it has lost around 40% of value since the beginning of the year. With that being said, it does look like prices have begun to stabilize around the $17 mark. This is also being reflected alongside other pot stocks in the market. Since this ETF is comprised of mostly the big guys in the industry, it is worth researching those companies before making an investment into this ETF.
The majority of the issues that have led to the company’s steep downtrend stem from issues with the regulation board in Canada. Health Canada has made it quite difficult to succeed in the industry with stringent regulations and long arduous licensing processes. With that being said, this ETF is definitely worth checking out moving into the near future.
A Major Player in the Marijuana Stock Market
Aurora Cannabis (ACB Stock Report) is widely regarded to be one of the largest pot stocks in the industry. The company has garnered quite a bit of attention in the past year or so, but that attention is not enough to show gains in the stock prices. The company has seen its share prices shoot down by around 65% in the past six months alone. This means that there is no way to tell when Aurora could see an uptrend.
Much of this is due to the large trailing twelve-month losses worth around CA$380 million. With sales not nearly as much as they should be, the company is facing some big setbacks. The hopes are that it can move past the negative trading of the past six months, and into the future of the market. Only time will tell, however, as competitors are lined up to take the spot at the top.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
