How July has Set a Stage For Pot Stock Growth Into the Future
The month of July has already shown a lot of positivity for marijuana stocks. In only the two or three weeks that we have been in July, we have seen many days of positive cannabis stock trading. Now, it’s difficult to assume that upward momentum will simply continue because the cannabis industry is notoriously unpredictable. But, trading days like Wednesday, July 15th, continue to illustrate that there is quite a lot of bullish sentiment in the cannabis industry. It’s hard to say why the cannabis industry is growing so quickly in the past few months. But, speculation around increased future demand could be one reason.
We have seen a much higher rate of demand for cannabis in the past few months that has fueled a lot of pot stock growth. With so many pot stocks to watch that have shown solid momentum, only a few can be clear set winners. Again, it’s almost impossible to predict which marijuana stocks to watch due to the instability of our current world. As we move forward, however, it looks like the cannabis industry does remain on a solid track for growth. With that in mind, these are two very interesting pot stocks to watch for the rest of July.
An Ancillary Pot Stock With an Interesting Future
KushCo Holdings Inc. (KSHB Stock Report) is one of the most popular ancillary marijuana stocks to watch. Now, in the past few months, the company has had some less than stellar performance. But, at the current levels it looks like KSHB stock could be considered a bargain. Year over year, KSHB stock is down due to a revenue loss of as much as 45%. Since mid-March however, KSHB stock is still up by around 130%. While a lot of this is due to speculation, the company does have a lot going for it.
KushCo was one of the first marijuana stocks to be hit by the vaping epidemic. As a massive producer of vaporizer products, the company was not in great shape. But, now that people have begun to see that vaping cannabis may not be as harmful, the company has regained that top position. Of course, KushCo still remains quite a volatile pot stock to watch. But, if volatility is something you’re looking for, KushCo Holdings might just be a pot stock to watch.
Marijuana Stock To Watch A Cannabis Product Manufacturing Company
Valens Corp. (VLNCF Stock Report) is one of the leaders when it comes to product manufacturing. But, the company has definitely had better days. It appears as though VLNCF stock may be approaching value levels after some not great trading days in the past few months. Despite this, the company is forecast to see revenue of around CA$130 million in the next year. Similar to KushCo, VLNCF stock has gotten some trouble from the vaping epidemic.
But, with more people turning to vaporizers than ever before, it may be able to make a comeback. A lot of this definitely depends on whether or not VLNCF stock can show profitability in the next few months. If that is the case, investors may want to consider it a pot stock to watch. But, investors should also remember that analysts do consider Valens to be a risky marijuana stock at this time. Regardless, the decision is yours.
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