When it comes to marijuana stocks value is something that is talked about. With many pot stocks to watch, it can be difficult to choose the best companies. With lots of information at hand, it becomes easier to make a decision on which marijuana stocks to buy. Within the cannabis industry, there are different sub-sectors to consider. These could be companies involved in financing as well as those who provide ancillary services to the market. This is meant to illustrate that there are a lot of options when it comes to investing in marijuana stocks.
The cannabis industry has had its setbacks this year. However, the marijuana business conference began in Las Vegas on Monday which could turn more attention to the industry heading into 2020.
“We are undergoing a recalibration in a very painful way” said Scott Greiper, president of Viridian Capital Advisors. “Markets are really depressed right now and we are looking for ways to come out of it.”
North American Marijuana Stocks To Watch #1
4Front Ventures (FFNTF Stock Report) (FFNT) is a promising company working on a long term strategy. The company has stated that their success will be based on tested operating capabilities and committed leadership board. Earlier this month the company signed a letter of intent to divest 100% of its economic interests associated with three dispensary licenses in Arkansas. The transaction is set to close later this month.
Recently, the company announced the completion of its merger with Cannex, which should help it to expand the Massachusetts market. 4Front stated that it plans to add Cannex’s production and manufacturing capabilities to its division, Brightleaf. Leo Gontmakher, COO of the company, stated that “to say I am proud of my team is an understatement. Taking advantage of our pre-merger planning work, we formally took over 4Front’s production and processing operations by late August. By late September, we had introduced Marmas and Pebbles, two of our most successful edibles brands to Massachusetts.”
North American Marijuana Stocks To Watch #2
Canopy Growth Corp. (CGC Stock Report) is one of the big guys in the industry. The company had a tough go in 2019. Many have stated that once legislation in the U.S. goes into full swing, Canopy Growth could once again see some movement in its share price.
Recently the Canopy announced that effective January 14, 2020 , David Klein was appointed as the Company’s Chief Executive Officer. Klien provides his expertise in this position, having served in a number of senior leadership capacities for over a decade with Constellation Brands. Could this help turn things around for Canopy? Investors should do their due diligence to discover whether or not Canopy Growth is right for them.
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