The marijuana industry has been able to produce a large amount of intrinsic value for many investors in the space. As we move closer toward a world that is increasingly accepting of cannabis, the proliferation of the market as a whole is continuing to move forward. The last few weeks have been quite up and down for marijuana as the fluctuations in price have given way to a high amount of volatility throughout the industry. It might be comforting, however, to note that there is an increased level of volatility throughout the stock market which has been affecting all aspects of pricing. This should not refute the value of marijuana over the coming time period.
Next Green Wave (NGW) presents itself as one of the primary vertically integrated growers of marijuana. Since the company began trading to the public only recently, they have been able to see their price rise from $0.36 per share to as much as $0.46 at the end of last month. The company has been able to maintain that price even moving a few percentage points higher during recent trading days. From the end of October to November 8th, the company saw their stock rise by as much as 40% or so, drawing in a new series of institutional investors looking to make a profit in marijuana.
Unlike some companies in the cannabis space, NGW has secured its spot by offering a solid track record of owning and managing various marijuana-based properties around the U.S. As the company rebranded, they were able to make a name in the growing aspect of the industry with as much as $21 million raised in capital. As they continue to operate out of the largest market in the world, California, NGW remains one of the most interesting cannabis stocks to watch throughout the near future.
Aphria (NYSE:APHA) is another marijuana grower that sees a large amount of exposure into the world cannabis market. Aphria separates itself from the majority of cannabis businesses by offering investors a future working in a potential $150 billion market. The company has stated that they have plans to move into countries such as Germany and more as legalization continues to hit worldwide. One of the main prospects for the company has been increasing the amount of cannabis that they can grow.
As the company with the third largest production capacity of all marijuana businesses, they have stated that they will be able to grow as much as a quarter of a million kilograms per year by the beginning of next year. The largest market that they are currently in is, of course, the Canadian industry, with supply agreements in every province domestically. The company has also stated that they have operations spread throughout Europe, Australia, parts of Africa and South America. This type of distribution is something that not a lot of companies can offer which makes Aphria one of the most promising cannabis businesses to watch in the coming months to years.
Both of these companies hold within them a massive amount of intrinsic value as lead growers within the marijuana space. Of course there are many options to choose from in the industry, but the best place to start looking is at the companies with large prospects for the future.
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