The legal market for pot stocks is moving at a fast rate. As more cannabis businesses get established in the US and Canad, the development of the cannabis market continues to be volatile. In fact, for most investors, putting money into certain pot stocks are looked at as a good investment.
This Pot Stock Has Shown Potential
Many investors would say Village Farms International Inc (VFF Stock Report) is a good pot stock to watch. In fact some might say based on its year-to-date performance they are a good post stock to watch. The company is a leader in the cannabis industry. This is because it was originally a greenhouse grower of sweet peppers, cucumbers, and tomatoes. Village Farms continues to sell greenhouse products, but it remains the main source of revenue for the company. But now, marijuana is the growth engine of the pot stock.
Pure Sunfarms can produce 75,000 kilograms of cannabis per year. It plans to double its capacity by the end of 2020 and add a dual facility to its existing Delta 3 greenhouse in British Columbia. VFF receive 50% of revenue and profits from it.
This pot stock becomes valuable because of its global expansion of the business. Although Village Farms’ main business is in Canada, it also hopes to emerge in the US cannabis market. Village Farms has grown cannabis outdoors in the United States and plans to begin selling cannabis biomass later this year. The company plans to start selling CBD oil in 2020 which might be a stimulation to the pot stock’s development.
The Pot Stock is Taking Advantage of Biotechnology
Plant biotechnology company 22nd Century Group Inc (XXII Stock Report) was the best performing pot stock in last month. In fact, this is the only few double-digit growths which is 15% among other pot stocks in a bad month.
22nd Century Group can help growers control the levels of THC and/or cannabidiol (CBD) in cannabis or cannabis crops through its technology. But its connection to the cannabis industry continues last month. Health scares are closely related. fog. As of last week, the Centers for Disease Control and Prevention identified at least 805 specific cases of vape-related lung disease, including 12 deaths. This has led some states to actively ban all flavors of vape and/or vape products.
This pot stock shows its success because of XXII’s biotechnical advantage. It is developing cigarettes with very low nicotine content (VLNC). These VLNC products have a nicotine content that is 95% less than traditional cigarettes, so consumers can buy products that are not addictive. In fact, it is an alternative to replacing and exiting traditional tobacco products.
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