For anyone who watches the pot stock market, they know that they act few months have not been especially kind. This is due to a variety of factors including a series of pieces of news that hit the industry, and some uncertainty regarding the next few years in the industry. With projections showing that the marijuana stock market could reach triple-digit billions within the next ten years, it seems as though even if we were to hit half of that, things would begin to look up. For now, much of the market remains tightly grasped by those who wish to swing trade certain pot stocks.
This means that the majority of the marijuana stock market is subject to high levels of volatility across the board. Despite this, it seems as though there is definitely value to be found in the industry. Many of the most popular companies are where investors usually start when looking for a pot stock to watch. Although this can be a good strategy, it seems as though it forgoes a large amount of the potential lurking in the small to the mid-cap range. These companies have much less of bureaucracy to answer to and can be interesting choices all around.
A Key Growth Oriented Pot Stock
AgraFlora Organics (AGRA Stock Report) (AGFAF Stock Report) is one of the leading growth-oriented and diversified pot stocks working out of the international marijuana industry. Currently, they own and operate a facility based in London, ON which is for the indoor cultivation of cannabis. The company also is a joint venture partner with Propagation Service Canada for a 2.2 million square foot greenhouse facility. Both of these just go to show that the company is widely committed to producing large quantities of cannabis as we move into the near future.
Recently, the company announced that they are well equipped to take advantage of the shifting Canadian cannabis flower marketplace. In addition to this, they have stated that they have put around $115 million in expenditures toward their manufacturing, cultivation, and distribution assets. Because of this, they look like they are well positioned to be in the upper areas of the Canadian pot stock market moving forward.
The Big Player
Canopy Growth Corp. (CGC Stock Report) is considered to be one of the largest pot stocks in the whole of the industry. The company has shown quite a high level of volatility, but this is something that some investors are interested in. With around $2.4 billion in free cash, the company has been working to move their way to the top of the market.
Recently, they did run into quite a scandal after their CEO was fired with a replacement on the way. This has led to some skepticism from investors, which is to be expected. All in all, the company remains one of the key pot stocks to watch moving forward due to their positionally in the whole of the pot stock market. Investors should remain slightly weary of their progress moving into the next few months.
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