The marijuana stock market has been extremely lucrative over the course of the past several years. With many new companies and stocks popping up throughout the market, it seems as though now is more the time than ever to get involved. Many stocks in the market have shown promise, but some have come to the forefront and continue to be proliferated as the market grows.
One of the most promising stocks in the market and one that should come as no surprise is the company Organigram Holdings (NASDAQOTH:OGRMF). Organigram has a large amount of value for a cannabis stock relative to the others in the market. They currently are valued at around $500 million and look to continue increasing that number into the near future. With a production capacity of over 100,000 kg and counting,
Organigram is producing some of the best as well as well valued cannabis in the market. The company also recorded an earnings amount of $1.1 million with sales of over $3 million during the first quarter. Organigram also offers something that most stocks in the industry do not, and that is exposure to international markets. Organigram has been working to export their product into the growing German market as well as other parts of Europe. With new plans to begin exporting to Australia as well, Organigram looks as though it is poised to continue this growth trend into the future.
Next on the list is the company Aphria NASDAQOTH: APHQF). Aphria is one of the Canadian giants and continues to reinvent the wheel when it comes to the production and sale of cannabis products. Aurora also famously just acquired the company MedReleaf, another giant in the Canadian marijuana production industry, which shows how they are working to change the market altogether. Aphria is also poised to grow as much as 225,000 kg of marijuana in the next year which is a boost in capacity thanks to the acquisition mentioned above. The company recently posted an earnings amount of around CA$12.9 million with a revenue of around $10 million. These earnings are some of if not the highest in the cannabis market and they help to begin illustrating the importance of the company overall.
Last on the list is The Green Organic Dutchman (NASDAQOTH:TGODF).The Green Organic Dutchman is on its way and climbing in stature just like the companies mentioned above, but that doesn’t mean they should be overlooked in any capacity. The company recently just completed the largest IPO in the history of a marijuana stock. The downside of this is that the market cap they have acquired is over $800 million which makes them a bit more expensive than Organigram due to the high valuation. Dutchman also offers quite a bit of exposure to the broader market with investors from Aurora and more Canadian companies. Dutchman has also cemented its relationship with the Canadian cannabis market which is set to boom in the coming months due to the impending legislation in the space.
With Canada set to vote on whether or not cannabis should be legalized for recreational use this Summer, it seems as though the marijuana industry has no where to go but up. The coming years will be extremely incremental to the growth and the development of the market as a whole as it journeys to become one of the top industries in the world. The hopes are high that with fair legislation and businesses to back the demand, the industry will be able to reach some of its full potential in the next few years.
Disclaimer Marijuanastocks.com is owned by MAPH ENTERPRISES LLC (MAPH), a Florida corporation. The principles of MAPH participated in the IPO for The Green Organic Dutchman Holdings, Ltd. (TGOD) & own a collective 353,624 shares which are restricted for 6 months from the IPO date of 5/2/2018, 30,000 free trading shares & 221,898 warrants. The principals of MAPH intend to sell their positions in (TGOD) for profit. MAPH nor any of its principals have been compensated for any material related to (TGOD). Since the Ipo Jason Spatafora has purchased 115,010 shares of TGODF to add to the above position.
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