Although not all marijuana stocks are created equal, it’s easy to find value in the cannabis industry if you know where to look. Amateur investors might think that there is a secret to finding the best marijuana stocks to watch. but, the only secret is research and commitment to knowing everything you can about a given company. The internet is an investor’s greatest tool, and all the information is out there. Within the cannabis industry, there are two types of pot stocks. On one hand, we have the most popular pot stocks in the industry. These typically tend to be a high market cap, marijuana growers, or MSOs.
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These companies operate with very large budgets, but that does not alone give them value. Rather, investors should look for how much of a loss a company is incurring and whether or not it can stay profitable. Profitability in the high end of the cannabis sector is hard to come by, but it does exist. On the other hand, we have every other pot stock. These could be penny pot stocks, pharmaceutical pot stocks, or anything in between. The range here is as large as you’re willing to research. But similar to any other cannabis investing, it is always important to do all the research about a company, regardless of whether it is big or small. With this in mind, investing in pot stocks can be done with no trouble at all.
An Under-Talked About Marijuana Stock
GrowGeneration Corp. (GRWG Stock Report) is a pot stock that not many have heard about. Despite its listing on the NASDAQ, and solid upside potential, GrowGeneration continues to receive little notoriety. In the past month, the company has shot up in value by more than 20%. This is not something that many other cannabis stocks can say for themselves. One thing to be aware of is that the company has missed profitability several times. But, it’s revenue has shot up by as much as 71% in the past few years alone. 
Despite these losses, the company continues to move toward the future with great ferocity. Many believe that the company may be undervalued as its revenue increase is not accounted for in its current price. GrowGeneration trades at around $5 as of mid-May, which is quite low for a NASDAQ listed pot stock. As an operator of hydroponic and organic growth product stores in the U.S., the company is in a great position moving into the future. Because of this, it should remain on any investors list of which pot stocks to watch.
An Update on a Leading Pot Stock
Harvest Health and Recreation Inc. (HRVSF Stock Report) is a widely discussed cannabis stock within the industry. The company recently announced that it would be moving forward with investments into the broader U.S. market. To help raise funds for this venture, the company is selling as many as 13 dispensaries to Hightimes Holdings Crop. With preferred shares, cash, and promissory notes, this deal comes out to around $80 million in total.
This may not seem like a great deal, but CEO of Harvest Health Steve White recently stated that “this planned divestment of select retail assets in California allows Harvest to focus on optimizing operations and expanding assets in core markets such as Arizona, Florida, Maryland, and Pennsylvania while retaining a smaller retail presence in California.” This seems like a smart move as diversity is a major principle for a cannabis company to consider. With this move in mind, investors should continue to keep a close eye on Harvest Health for the near future.
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