Rich Picks the Top Stocks for July 2019: Martello Wins Spotlight

Rich has announced his pick for the number one stock to watch this month, and its Martello Technologies. He also drops a few other exciting names to pay attention to as the summer rolls on.

The number one stock to watch in July belongs to Martello Technologies (TSXV:MTLO) (OTC:DRKOF), whose numbers have been skyrocketing since the termination of Bruce Linton from Canopy Growth (TSX:WEED) (NYSE:CGC). Linton helped build Canopy from the ground up to become Canada’s leading cannabis company, and Martello is one of his smaller ventures.

On Wednesday, when it was announced that Linton was leaving Canopy, he let investors know that the exit would give him time to refocus his attention on Martello, an upstart tech company out of Ottawa. Before co-founding Canopy, Linton worked for years in tech, and says that he now intends to make Martello “really crank.”

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“When [Linton was] terminated he was wearing the Martello shirt,” explains Rich. “At that point in time I told you Martello was a stock to watch.”

Martello’s stock has risen from $0.18 CAD to $0.58 CAD in the last two days, and Rich says it has the potential to run all the way up to $1.00.

More Stocks to Watch This Month

Another company that Rich took the time to shout out as a potential grower in July is Zenabis (TSX:ZENA) (OTCPK:ZBISF). Earlier this week, Zenabis signed a deal to supply $30 million worth of dried flower to Tilray, a move that Rich calls “just the beginning” for Zenabis. Zenabis is considered “undervalued” by analysts, including Rich, and will likely put an end to its debt by this time next year.

Rich also mentions AgraFlora Organics International Inc. (CSE:AGRA) (OTCPK:PUFXF), which has been aggressively growing in Atlantic Canada and recently increased its ownership of Propagation Service Canada to access more than 2.2 million square feet of agricultural space in Delta, BC. Earlier, AgraFlora announced that it is on track to finish construction of a pharmaceutical grade research and development lab for turnkey edibles by 2020, just half a year after edibles will be made legal in Canada. Look forward to cannabis-infused chocolates, toffees, caramels, gummies, and baked goods from AgraFlora next year.

Something else to look forward to is an interview between Rich and Emma Andrews, CCO of BevCanna (CSE:BEV). Having recently entered the Canadian Securities Exchange as BEV, BevCanna plans to bring CBD-infused beverages and consumer products to the market. These products include cannabis-infused spring water and CBD-infused ice tea.

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