Marijuana Stocks On the Rise
Marijuana Industry NewsUncategorized August 15, 2018 MJ Shareholders
The cannabis industry has been moving forward with a massive amount of propensity toward the future for some time now, but several stocks have been heading to the forefront of the industry due to their unique offerings.
The first company on the list and one that should come as no surprise is the company Canopy Growth Corp (NYSE:CGC). With a market cap of over $5 billion, the company is widely regarded as one of the top marijuana stocks in the industry. The company according to one report “engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, soft gel capsules, and hemp. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names.” The company has also been working to move their operations into various markets abroad. This is poised to help with any worries of overproduction that may have been feared in the past. For any investor in the cannabis market, Canopy Growth should be of high consideration.
The next company on the list and one that prides itself as being a part of the ancillary industry on cannabis is the company Kush Bottles (OTC:KSHB). Kush Bottles is a company that according to one report “is a dynamic sales and distribution platform that provides unique products and services for both businesses and consumers in the cannabis industry.” One of the most enticing parts of Kush Bottles is the fact that they have a perfect amount of exposure to the cannabis industry without all of the risk of being part of the pure-play marijuana industry. Kush Bottles has been responding to a large amount of package regulations put into the market by producing new types of child-proof packaging for cannabis-related products.
The company Aphria (OTC:APHQF) is another one of the larger companies in the cannabis space with a market cap of around $1.7 billion and a share price of about $7.60. According to one report “Aphria Inc., is one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. Located in Leamington, Ontario, the greenhouse capital of Canada. Aphria is truly powered by sunlight, allowing for the most natural growing conditions available.” The company has been working to give very high-end cannabis for low prices to the consumer market, which is poised to continue growing. As Canada puts recreational cannabis in place by October 17th, Aphria seems as though they could potentially be one of the largest gainers in the market.
The last stock on the list is the company Leafbuyer Technologies Inc (LBUY)Leafbuyer is a company that has been working to compete in the online cannabis resource community. The company helps consumers direct their purchases to the right place as well as give them the proper information on the products they are getting.
For all of these reasons, the companies above should continue to stay in the forefront of investors minds as the market continues to develop.
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