An Emerging Cannabis Company Set to take center stage in the State of Wisconsin.
As buying marijuana becomes simpler in more parts of the U.S. and Canada, so has investing in it. The list of marijuana stocks to watch, in turn, has gotten longer and in some cases more complicated. But as everyone from Walmart Canada to Coca-Cola (KO) expresses interest in cannabis and its plant relatives, many analysts are taking a second look to see if the marijuana wave can continue all the way into 2019.
Canadian marijuana companies Canopy Growth (CGC), Cronos Group (CRON), Tilray(TLRY), Aurora Cannabis (ACB) and Aphria(APHA) became the marijuana stocks to watch on U.S. exchanges in 2018. U.S. companies like MedMen and Green Thumb Industries went public in Canada. The issue with these stocks, at least according to HRP Investment Group, is that they are open to very large swings in volatility, as they are the focus of big players taking large positions on the long and short side.
Still, Cowen & Co. estimated in 2018 that the U.S. marijuana sales could reach $75 billion by 2030 if the nation legalized recreational use. In Canada, legal recreational cannabis sales in 2019 could reach $4.34 billion, according to Deloitte. Big alcohol companies, after long fretting about how legal cannabis would affect sales, and other drink-makers are joining forces with the industry. Those companies hope people will drink to get high rather than drunk. Cannabis executives say the plant could eventually replace things like sleep aids and pain meds.
Lets Have a Look at the Two Emerging Cannabis Companies to pay Close Attention to.
1) Integrated Cannabis Solutions Inc (OTC: IGPK)
Price per share target of $0.06 to $0.075 in the short term.
An emerging Cannabis company that is about to take center stage in the state of Wisconsin is called Integrated Cannabis Solutions Inc (OTC: IGPK). Analysts at WC Group first shared interest in this company back in September, and now that the CEO of the company has announced its imminent transition into OTC Pink Reporting status, more analysts are taking notice.
What worries most people about new Cannabis companies is the typically large number of notes being converted and dilution. I thought I would try to reach out to the CEO last week to ask about this, and I was quite surprised with his response.
This represents a win-win for investors. With a current trading price of $0.008, we believe this company is significantly under valued. In fact, as it stands right now, we are projecting a price per share target of $0.06 to $0.075 in the short term.
2) Enviro-Technologies International, Inc (OTC: ETII)
Price per share target of a re-test level of $1.12
ETII is now fully engaged in the CBD sector amid recent reports Coca-Cola is monitoring the nascent industry and is interested in drinks infused with CBD. EnviroTechnologies International, Inc. (OTCMKTS: ETII) is a publicly listed company that develops and markets proprietary, synergistic products for the oil and gas and agriculture industries as well as wellness products. The company’s products are safe, natural, and non-toxic and “green” products for industries that often show little concern for the environment but are now feeling the social and governmental need to go “green.” The company’s completely green and natural products are proprietary, unique and highly effective innovations to its target markets.
Most interesting is their recent venture into the vastly growing pet product sector, with this statement in a recent press release from the company.
“We are excited to launch our premier CBD product line for pets. These new products have been in the works for some time as we realize the growth of the pet market and its importance to the domestic and international markets,” said Jo De Leon, CBD’s President. “The new line will include tinctures, balms, treats and food supplies. The line creates great synergy for both our company, and the consumer, as both can enjoy the benefits from hemp-based products.”
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