Pot stocks have seen quite a bit of movement over the course of the past few years. In that time, we have seen the industry completely reshape itself by way of new legislation and the shifting public perception of the substance. For anyone who has watched the market in the last few months, they have seen that the industry has not been especially kind to investors. The past week or so, however, may be the turning point that we have been waiting for.
Many of the most popular pot stocks to watch, saw their stock prices shooting up in value in only a short period of time. This is due to a variety of factors including the settling down of some large news events that occurred in the past few months. All in all, it appears as though the future of marijuana stocks could be bright if we are able to stay on this bullish run for some time. Only time will tell how the fervent competition in the market can support more and more growth moving forward.
An Interesting Pot Stock to Watch
Integrated Cannabis Company Inc. (ICNAF Stock Report) (ICAN Stock Report) is one of the leading branded cannabis product manufacturers currently working out of the industry. The company works out of both the Nevada and Californian market, which are two of the largest individual pot stock markets in the world. Because they have such a broad scope, many believe that they have the potential to be one of the big players in the industry moving forward. The company states that they are aimed at making cannabis as safe and approachable as they can for those who wish to use it. Additionally, they are highly committed to manufacturing high-quality products that can deliver consistent results to their consumers.
The company recently announced that their wholly-owned subsidiary, Ganja Gold, has launched their first pre-roll infused with CBD. For those who don’t know, CBD has become one of the most popular aspects of the health and wellness sector in the past year or so. The pre-roll is created for those who wish to get the medicinal benefits of CBD, but without the high of smoking traditional forms of weed. For this reason, the company remains a key pot stock to watch.
A Big Pot Stock Makes Bigger Moves
Aurora Cannabis (ACB Stock Report) is widely considered to be one of the largest pot stocks in the industry. The company has definitely seen better days than in the past few months, but at the current price, they do show some value for investors to watch. The company is still showing quarterly losses which are quite common for pot stocks at this stage in the game.
Aurora Cannabis does seem to have its revenue game together, with around CA$99 million for this past quarter. This is up a staggering 50% from their third quarter of the same year. The hopes are that they can remain one of the key marijuana stocks to watch as we continue to move forward in the industry.
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