Fresh off of yesterday’s video, in which Rich broke down the top pot stocks for September 2019, Rich offers his community members another exciting breakdown. Today’s video sees Rich taking a quick look at some of the best marijuana stocks that throughout the year have been making some major green (in more ways than one).
Let’s jump right into it. Here are just a few of the best marijuana stocks to think about buying if you want to make money in the cannabis sector.
In May, shares in HEXO Corp. (TSX:HEXO) (NYSE:HEXO) were as high as $8.40. Sadly, that price has been cut in half amidst a sea of red in the cannabis industry. While HEXO remains one of the bigger and more established marijuana stocks, it has certainly given investors cause to feel nervous.
But viewers of RichTV Live know that a plunging stock price presents a unique buying opportunity. Despite the rough year it’s had, HEXO still has some serious potential.
“It’s dirt cheap, currently at $4.05 in America,” says Rich, who has already bought HEXO shares and has been vocal about wanting more. “I think it’s a BUY. I see a 136 percent upside.”
Like a lot of marijuana stocks lately, Tilray Inc. (NASDAQ:TLRY) has seen better days. After reporting higher-than-expected losses, the price has tanked more than 60 percent. Luckily, it seems to be coming out of the nosedive and even shows a hint of rebounding as the company ships $3.3 million worth of product to Germany.
“I told you guys I like Tilray, I told you I think they’re a BUY,” says Rich. “They are at $24.98, and I think Tilray goes up t104 percent to $59.00.”
Despite strong Q2 results, Aleafia Health (TSX:ALEF) (OTCQX:ALEAF) has had to deal with a falling stock price that puts it just at the edge of penny stock-dom. This Toronto-based marijuana stock increased profits 159 percent from the previous quarter, but that wasn’t enough to boost investor confidence.
According to Aleafia CEO Geoffrey Benic, though, “the best is yet to come.”
“I think this is a hugely undervalued, underappreciated, underexposed stock,” says Rich. “I think Aleafia goes to $3.00, which is a 191 percent upside from here.”
While investors wait for the Q2 earnings report from Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF), they’ve still got some good news to tide them over. The company recently completed the acquisition of Glendale Grreenhouse, a vertically integrated cannabis firm in Arizona. Last week, Curaleaf obtained eligibility with The Depository Trust Company, meaning its shares can now be traded faster and more efficiently on the OTC markets than before.
“This is a strong buy. I think Curaleaf goes up 128 percent from here to $19.97 CAD,” says Rich.
More of the Best Marijuana Stocks
To get the rest of Rich’s break down, make sure to watch the full video.
What do you think of Rich’s picks? Let us know if you’ve got any big marijuana stocks you wanted covered on RichTV Live by leaving the names of the companies in the comments below.
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