Cannabis Stocks Make a Comeback

The cannabis industry of recent has been quite topsy-turvy for some time now amidst legislative issues and the infancy of the market. Given how new the industry is, many of the stocks in the market trade-off of the idea of speculation which can affect the intrinsic value of many of the companies. Given that a series of news has completed its round of affecting many of the top companies in the market, it seems as though the many of these stock values can head back toward more normalized trading.

The company Tilray has been a large subject in the industry as it was one of the earlier companies to be listed on a prestigious U.S. stock exchange. Tilray (NASDAQ:TLRY) has also been in the news quite a large amount in recent times for its price gouge that went on in the past month or so due to various bouts of news that has come out. The company is still said to be massively overvalued as its price does not truly affect its value. One of the most exciting factors in recent times is the advent of legal cannabis that will hit the Canadian market in the coming weeks. This has been said to be one of the best news to watch to ensure companies are participating actively in the market’s growth. The company has as much as 912,000 square feet of growing space currently and in the works which means that they are poised to take advantage of the growing market domestically and abroad.

Tilray has stated that they will begin moving into international markets as well which could mean the export of cannabis products such as oils and the dried flower to large international markets such as Germany. Tilray also owns a facility based out of Portugal which gives them a solid amount of exposure to those markets as well.

The company HEXO (NASDAQOTH:HYTTF) has been the talk of many major news outlets for some times as they are one of the larger growers in the market on cannabis. The company also recently has signed into a partnership with Molson Coors Brewing which could help the two too build out their cannabis-infused drinks market in the coming months to years. HEXO also owns a facility within Quebec which again, puts them at a solid amount of exposure to take advantage of the growing Canadian market.

The last company on the list is one of the more underground businesses in the space. GTEC Holdings, Inc. (GGTTF) has been working as a completely vertically integrated cannabis manufacturer working on producing specialized craft-cannabis for sale throughout the Canadian space. Once again, given the current and future state of the Canadian market, it seems as though GTEC could remain one of the companies to watch as we move toward the future of the industry.

The cannabis market as a whole has continued to excite investors throughout the world. The hopes are high that the market can continue its reign into the future as new innovation and the changing space on cannabis continues to bring in new outside investors into the industry.

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