When looking for marijuana stocks to buy, investors seem to come from all around. This is due to the massive potential that lies within the industry. With so many investors flooding in, in such a short period of time, it seems as though a few key companies have been highlighted in the past few months. These companies are committed to growth in any way that they can find it. This means that they are working on pushing innovation as much as they can. Innovation does not only mean creating the newest products, but it also means that these companies are working out new solutions and ways to go about the pot stock market.
Within the industry, there are various sub-sectors that all identify their own paths to success. Because of this, narrowing down which area of the market one wants to invest seems to be the most popular first step for many. With that in mind, these two pot stocks are working to bring the future of the industry to the present. While they are not the only choice, they definitely represent a great place to begin the hunt for value when searching for marijuana stocks.
Marijuana Stock To Watch: A Innovative Extraction Company
MediPharm Labs (MEDIF Stock Report) (LABS) is considered to be one of the leaders when it comes to the production of cannabis extracts. The company has seen as many as two-quarters of consecutive profits which is not something that many pot stocks can say for themselves. One of the interesting things about the company is that the company only recently began production of its high-quality hemp and cannabis biomass. Since that time, it has been able to produce some profits which are quite fast considering it was only a few months later.
Additionally, as the company is a producer of high-quality extract products, it is subject to seeing higher margins than other pure-play pot stocks. The company has been working to develop a new range of extraction contracts. As a provider of these high-quality extracts, the company is able to secure contracts that span over a year and a half. With this in mind, MediPharm Labs remains one of the most prominent pot stocks to watch right now.
Here’s an MSO Marijuana Stock To Keep On Watch
Trulieve Cannabis (TCNNF Stock Report) (TRUL) is another one of the leading pot stocks in the industry but in a different way. The company operates as an MSO which means that it has dispensaries around the U.S. This includes its home state of Florida where it recently opened its 40th location. The company has generated as much as $170 million in sales during the first nine months of the year.
This represents an almost 160% gain from the previous year period of the same time. Without considering fair value adjustments, the company saw as much as $60 million in operating income during the first three quarters of last year. As an interesting alternative pot stock, the company remains a key cannabis business to watch this year.
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