Within the last six months, we have seen many of the most popular choices for marijuana stocks to watch, go out the window. This is due to a variety of factors including a shifting market sentiment as well as an overhaul of the market completely. With such an infant industry, it seems as though pot stocks are still working out a lot of the growing pains. Some of these growing pains include changing legislation and the shift in the public perception of cannabis overall.
With Canada currently leading the world in terms of laws put in place for pot stocks, which companies are we watching? These pot stocks are putting innovation before all else which is the main reason for their continued success. With so many choices, however, narrowing it down to only a few pot stocks can be a difficult task. These companies are preparing for a future ripe with green fever. Only time will tell how well they can fair amidst the shifting industry and pot stocks as a whole.
A Leading International Investment Pot Stock
SOL Global Investments Corp. (SOL Stock Report) (SOLCF Stock Report) is considered to be one of the leading international investment pot stocks working out of the industry. The company operates by investing in cannabis and cannabis-related companies within the U.S. In addition, they have stated that they work in the hemp and CBD market in the emerging European cannabis market. Because of its strategic placement of capital, the company has managed to remain one of the leaders to watch. They have stated that they plan to provide shareholders with long term returns through capital appreciation, dividends, and interest. Moving forward, they remain a key pot stock to watch.
The company recently announced that they have entered into a Memorandum of Understanding with their subsidiary Heavenly Rx, Ltd. and Therapix Biosciences Ltd. The latter two companies will hopefully be able to delve deeper into the CBD market as they move forward. Paul Norman, CEO of Heavenly Rx 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 hopes are high that they can continue to build out a better cannabis marketplace for all.
A Multistate Operator Pot Stock
Trulieve Cannabis (TCNNF Stock Report) is one of the leaders when it comes to multistate operators or MSOs. The company is down a sizable amount from their 52 week high which is not surprising considering the rest of the industry. They have, however, reported high amounts of profitability up 150% from the same time last year.
The company works mostly out of the Florida market, where they have been able to amass a CA$1.3 billion market cap. Because of their large hold on the industry, the company remains one of the most interesting pot stocks to watch moving forward. As far as alternative pot stocks go, they continue to show that they have quite a bit of forwarding potential.
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