The Rise Of Top Pot Stocks To Watch In The Market
For the past three months, top marijuana stocks to buy have been on a phenomenal run. Since November top cannabis stocks like Jushi Holdings Inc. (OTCQB: JUSHF) have climbed almost 74%% in the market. In general, most of the leading cannabis companies reported record earnings in their third-quarter financials adding fuel to an already bullish rally. So far in January positive market sentiment over a Democratic majority in the Senate has turned into gains for cannabis investors. In reality growth potential for the next five years is predicted to make the U.S. marijuana market one of the fastest-growing industries in modern times.
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With this in mind, more investors have gained interest in the cannabis sector, especially with the recent increasing federal reform possibilities. While 2020 gave rise to a renewed momentum in the cannabis industry, 2021 could see more of the marijuana landscape changing for the better. As so many things begin to develop the best-positioned operations in the U.S. will thrive in the industry. In reality, this is also true for new emerging cannabis companies.
Cannabis Companies And The Changing Marijuana Industry
During last year many cannabis companies began expanding by means of mergers and acquisitions. In essence, this could establish the footprint of some of the stronger companies in the U.S. Additionally, new IPOs came into the cannabis sector by way of SPAC deals in 2020. In reality, some of these cannabis companies could be the future leaders of American cannabis. But because they only recently began trading investors might not be aware, they exist. Indeed, some of these pot stocks have growth potential for this year. Narrowing them down to a few good ones to add to your marijuana stock watchlist could increase your potential for gains.
In reality, some of these new IPOs are well established in the private sector. Generally speaking, becoming a publicly trading company can help them raise capital and take advantage of this emerging U.S. market. For the purpose of bringing to light some of these new cannabis companies that could influence the current landscape of the market. Let’s research some new IPOs that are top cannabis stocks to add to your 2021 watchlist.
[Read More]Marijuana Stocks To Watch:
Subversive Capital Acquisition Corp. (OTCQX: SBVCF)
Silver Spike Acquisition Corp. (NASDAQ: SSPK)
Subversive Capital Acquisition Corp.
Subversive Capital Acquisition Corp. is a special purpose acquisition company, that will acquire, all of the equity of CMG Partners, Inc. (“Caliva”) and Left Coast Ventures, Inc. (“Left Coast Ventures”.). and become “The Parent Company”. In addition, TPCO Holding Corp. has also entered into an agreement with iconic rap figure and entrepreneur Shawn “Jay-Z” Carter and Roc Nation. Generally speaking, TCPO is positioning to become one of the largest cannabis companies in California. With Caliva being one of the leading direct-to-consumer platforms and Left Coast Ventures a top hemp manufacturer it will be a major force on the west coast. In addition, The Parent Company’s partnership with Jay-Z as a chief visionary officer and Roc Nation as a branding platform could help it gain quick notoriety this year.
SBVCF stock has traded pretty flat since it hit the stock market. Currently trading at $10.11 only $0.11 cents from its initial offering this could be a good time to get on the ground floor. One thing investors should keep in mind is that Caliva recently released some new cannabis products. One of those is Jay-z’s first cannabis brand MONOGRAM. Already MONOGRAM has become a media favorite and is gaining popularity. Because of this SBVCF stock is a new cannabis stock to add to your 2021 watchlist.
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Silver Spike Acquisition Corp. Weedmaps
Silver Spike Acquisition Corp. is another recent addition to the cannabis sector by way of a SPAC deal with the announcement it would bring WM Holdings Company better known as Weedmaps public through a merger. In detail, Weedmaps is one of the most popular online listings of marketplaces for cannabis consumers. At the present time, WMH is expected to have $160 million in revenue for 2020. In fact, Weedmaps has seen an annual growth rate of 40% in the last five years. Specifically, WMH will be valued at $1.5 billion and has been gaining value in the market.
SSPK stock is up about 27% in the first two weeks of 2021 currently trading at $16.49 a share. Weedmaps could become one of the biggest online platforms with its newfound capitalization. With more cannabis consumers and a growing U.S. marijuana industry, Weedmaps has a growing audience in the next few years. Currently SSPK stock could see more upside with the current market climate. With cannabis stocks rising rapidly to start this week this cannabis stock could be a big gainer in 2021.
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