How These Two Pot Stocks Could Impact The Cannabis Industry
While most investors tend to only focus on the most popular three or four marijuana stocks by market cap, the cannabis industry is full of potential. This potential goes all the way from the top down in terms of market value. But, finding that value amidst so many pot stocks to watch can at times be challenging. With a careful insight into how these pot stocks work, it can be easy to find the right marijuana stocks to watch. But, because there is so much information out there on the top cannabis stocks by popularity, these two marijuana stocks might just be solid alternative choices. When looking for an alternative marijuana stock to watch, investors should consider several factors.
For one, liquidity is extremely important. The smaller a cannabis stock, the less liquidity it usually has. While this is not true for all, many of the small pot stocks tend to have low volumes. Low volume is not a bad thing, but investors should just know that they may not be able to go in and out of positions as easily. Second, investors should know what a company plans to do for the future. The short term is great, but the real potential for cannabis stocks is in the long term. The next few years will be extremely telling as to whether or not the cannabis industry can hit its projections. With that in mind, investors should keep an eye on these two pot stocks to watch.
A Unique Canadian Marijuana Stock
Namaste Technologies Inc. (NXTTF Stock Report) is one of the most interesting mid-cap marijuana stocks in the game. Since mid-March, NXTTF stock has climbed up by around 40% which is quite significant. Although this gain is not as much as some of the major marijuana stocks, it does show that there is a lot of forward momentum for NXTTF stock. The company owns a website titled CannMart, where more than three million Canadian buyers have access to online cannabis purchasing.
In addition, its somewhat recent accusation of edibles producer Choklat, gives it a unique advantage over other marijuana stocks. NXTTF stock has seen a lot of volatility in the past few months, but this is something that exists around the cannabis industry. After mid-December of last year, NXTTF stock was up by around 90% before diving alongside most other pot stocks. With the state of the cannabis industry where it currently is, it seems like an online retailer would be a good choice. For that reason, it remains a marijuana stock to watch.
Another Leading Canadian Pot Stock
Aleafia Health Inc. (ALEAF Stock Report) is another one of the most prominent Canadian marijuana stocks. The company last year completed a takeover of the cannabis business Emblem, which cost around CA$170 million. Since that time, ALEAF stock has shot down by quite a lot. But, since mid-April ALEAF stock is up by around 45%, similar to Namaste. Because of that, it seems as though there is some renewed interest in the cannabis stock.
The company has stated that it has the capacity to produce over 115,000 kilograms of cannabis per year when operating at peak capacity. With that, it should be able to compete with some of the larger marijuana stocks. Although ALEAF stock is still quite volatile, many investors are continuing to keep a close eye on it. With a lot depending on the next few months, it seems as though Aleafia Health is definitely an interesting pot stock to watch.
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