Are These Pot Stocks Going to Make Gains in The Future?
Marijuana stocks have made big headway over the course of the past few years. But, in the past six months alone, a lot has changed. These changes have occurred with big-name marijuana stocks like Canopy Growth Corp. (CGC Stock Report) and Aphria Inc. (APHA Stock Report) as well as with companies like Innovative Industrial Properties Inc. (IIPR Stock Report). While many investors only choose to watch the top two or three marijuana stocks by market cap, there are quite a lot of options to choose from. These pot stocks range across the entire cannabis industry and value chain.
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But, because they are so broad, investors need to do their own due diligence. This will help to make sure that they know everything about a given marijuana stock to watch. With the right information at hand, finding a pot stock can be easier than previously imagined. This information is two-fold.
For one, investors need to know about a company’s financials. This is something that can easily be found online with a simple google search. In addition, investors need to know what a company is doing to secure its future in the cannabis industry. With this information in hand, investors can begin to make decisions about which pot stocks are worth watching and which are not. All things considered, here’s two marijuana stocks to bet on the future of the cannabis industry.
A Leading Marijuana Producer
OrganiGram Holdings (OGI Stock Report) is one of the largest producers of cannabis in all of Canada. Although it does produce a large quantity of cannabis, OGI stock has seen some major declines in the past few months. Year over year, revenue for OGI stock shrank by around 27% which is substantial. But, this sentiment has been seen across a lot of the major marijuana producers in Canada. Although in America, demand for marijuana has shot up in the past six months, to our North, the story has been quite different. With higher competition and oversupply, OrganiGram saw its stock decline slightly. In addition, the company has been slow to hop onto the Cannabis 2.0 train in Canada. 
All of this shows that OrganiGram has a lot to do to come back into the pot stock race. But, OrganiGram has been working to restructure its business accordingly. It has done this by laying off around 45% of its entire workforce. In addition, the company has begun to enter into the derivatives market which could be a major benefit to it in the future. Despite its business model being reshaped for the better, the bulls have not yet come back into OGI stock. Regardless, as one of the largest producers of cannabis in the industry, the company remains a leading pot stock to watch.
A Vertically Integrated Marijuana Retailer Pot Stock
Planet 13 Holdings Inc. (PLNHF Stock Report) is one of the leading vertically integrated retailers of marijuana. The company’s largest asset is its SuperStore which is based out of Las Vegas, NV. This aptly named retail location spans more than 110,000 square feet of highly valuable real estate. Within this store is everything from a cannabis dispensary to a pizzeria and a state of the art cannabis testing facility. The grandeur of it is just what one would expect in a Las Vegas dispensary. Recently, the company announced some extremely exciting third-quarter results. These results pushed PLNHF stock higher by around 11% on September 7th. In the report, the company posted a 110% increase in quarter over quarter revenue to almost $23 million. In addition, it stated that its in-store revenue rose by around 13%. The company also managed to build its wholesale business up from around $60,000 last year to north of $1 million in this quarter. 
Larry Scheffler, Co-CEO of Planet 13 stated that “Q3 has proven Planet 13’s resilience and strength. We drove an impressive rebound in sales and a record quarter by making operational improvements in response to COVID-19. The improvements have led to higher average tickets and conversion rate despite the reduced tourist traffic. Along with these operational improvements at the store, our delivery and curbside pickup have expanded our venue from Las Vegas residents.” All of this continues to make PLNHF stock a pot stock to watch.
What These Pot Stocks Have For The Future
Both of these marijuana stocks have a lot to offer investors in the future. They both have shown that they are committed to setting up a viable long term business model. Despite short term hiccups, both of these leading marijuana stocks are working to create the most profitable and prominent businesses that they can. With that in mind, they remain leading pot stocks to watch for the long term.
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