All December, Rich has been reviewing some of his top stocks from earlier in the year. These are the companies poised for massive growth in 2020, and he’s profiling them again to make sure his community has every chance to win big.
While more than a dozen of his picks from throughout the year are up, four have made some serious gains this week alone. Let’s take a quick review of these stocks while there’s still time to get in before they outright explode.
“If you guys know any picks that are going up like this, let me know,” says Rich. “I talk about these companies and they start going up. Who else can do that?”
Rich’s Top Stocks: META
Formerly known as National Access Cannabis, Meta Growth (TSXV:META) (OTCPK:NACNF) announced in October that it generated more than $60 million in sales of recreational cannabis since legalization. This makes it Canada’s largest publicly traded recreational cannabis retailer in terms of revenue.
For its third quarter, which ended May 31, Meta posted retail revenue of $16.8 million. This represents remarkable growth of 407% from the year’s first quarter.
On top of this, Meta Growth is also rapidly expanding its recreational footprint. The company currently operates 35 licensed stores across the provinces of Alberta, Saskatchewan, and Manitoba. In 2020, it plans to have at least 95 dispensaries open all across Canada.
This week alone, META is up 27%.
Rich’s Top Stocks: BABY
Else Nutrition Holdings Inc. (TSXV:BABY) (OTCPK:BABYF) produces a 100% plant-based, non-soy alternative to dairy-based baby formulas that is the first of its kind on the market.
Made from almonds and buckwheat, the formula is free of GMOs, pesticides, hormones, antibiotics, gluten, and phytoestrogens, and has no externally added macro-nutrients. This makes it a healthier and more natural option for toddlers.
According to Hexa Research, the global market for formula will exceed $90 billion USD by 2025. More specifically, the global organic baby food market is projected to grow from $5.95 billion last year to $11 billion by 2024.
BABY shares are trading 15.7% higher today than they were at the start of the week. The jump primarily occurred yesterday, when Rich profiled the company.
Rich’s Top Stocks: EGLX
Enthusiast Gaming Holdings (TSXV:EGLX) (OTCQB:ENGMF) owns and operates a network of gaming media websites and channels that attract more than 200 million monthly users. This makes it the largest gaming network in the English-speaking world.
The company’s digital media platform includes over 100 websites and more than 900 YouTube channels. Through its recent merger, the company also manages seven professional esports teams. This includes the Vancouver Titans Overwatch team and the Seattle-based Call of Duty team.
Finally, it runs the largest gaming expo in Canada, Enthusiast Gaming Live Expo, or EGLX. The event attracts more than 25,000 visitors, 80 games, and over 100 exhibitors.
EGLX rose $0.15 this week, representing a 9.4% increase in value.
Rich’s Top Stocks: BEV
BevCanna Enterprises Inc. (CSE:BEV) (OTCPK:BVNNF) develops and manufactures cannabinoid-infused beverages and consumer products for both in-house brands and white label clients. Its goal is to be the leading cannabis beverage provider in the world.
Just yesterday, BevCanna Enterprises Inc. announced that it is acquiring the rights, title, and interest to DeeperGreen technology.
DeeperGreen is the proprietary water-soluble cannabinoid powder ingredient developed by Greener Frontiers. It converts extracted cannabis into a fast-acting, tasteless, odorless, water-soluble powdered ingredient. It’s also a proven stable ingredient that, when tested with cannabinoids, consistently delivers target concentrations within one batch and from batch-to-batch.
Rich discussed BevCanna on Wednesday, and since then, BEV stock has risen 8.3%.
For more of Rich’s predictions, check out his stock market forecast for 2020. And, as always, keep watching RichTV Live for daily updates!
Featured image: DepositPhotos © jukai5