While the past few months have not been especially kind to marijuana stocks, it seems as though companies are beginning to find their stride once again. The past week or so has seen some big gains come back into the pot stock market, but many are wondering if they are only short term. One of the key things to note about pot stocks is that the market is very heavily based in volatility. This is due to how infants the industry is overall in addition to other factors. One thing is for sure; pot stocks should continue to grow into the near future.
Many projections have shown that the demand for cannabis is not going anywhere soon. This means that we should continue to see some growth enter into the industry. With so many pot stocks to watch, it can be difficult to find the ones with the most perceived value. This again comes down to the individual investor. However you invest in pot stocks, the hopes are that the industry can continue to climb.
A Vertically Integrated Pot Stock
1933 Industries Inc. (TGIFF Stock Report) (TGIF) is one of the leading vertically integrated cannabis brands. The company is currently defocused on both the U.S. and the Canadian market which present two interesting opportunities. Both of these regions represent the largest marijuana markets in the world. The company works through two wholly-owned subsidiaries. Through these, they are able to participate in cannabis cultivation, extraction, processing and the manufacturing of assets. Because of its broad scope, the company has been deemed one of the leading pot stocks to watch moving into the future of the industry.
Recently, they announced that they have embarked on their most successful brand launch to date. The launch which completed after a 30-day campaign debuted with a complete selling out of their products. With the Blonde brand aimed at the Los Angeles market, the company aims to continue selling all of its products in the U.S. market. Ester Vigil, President of the company stated that “Blonde™ has taken Las Vegas by storm and we could not be more excited about this relationship. The positive feedback from consumers has been overwhelming. Blonde™ has been developed as a premium lifestyle product, connecting with both new and discerning, quality-savvy consumers looking for remarkable experiences.”
Another Alternative Pot Stock Worth Considering
Scotts Miracle-Gro (SMG Stock Report) is considered to be one of the leaders in the ancillary pot stock market. The company has been working in the cannabis space through its wholly-owned subsidiary, Hawthorne Gardening. Hawthorne Gardening is aimed at providing grow solutions to those who wish to grow marijuana hydroponically.
The subsidiary has seen quite a heavy amount of profit. Scotts Miracle-Gro as a whole has seen as much as $1.17 billion in third-quarter revenue. This is an increase from their third-quarter revenue of last year. The hopes are that they can continue to be one of the leading ancillary pot stocks to watch.
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