Amidst another red day in the cannabis sector, Rich has decided to break off a little preview of next month. September is historically when investors see a return to growth in the stock market. That’s proven especially true for pot stocks, as cannabis companies harvest their crops and begin moving more products to market.
Seeing as the Canadian Marijuana Index has today slipped below $60.00 for the first time ever, it seems like cannabis investors could use a little good news. Here are 10 pot stocks that are likely to grow while all about them are sinking.
Also, make sure to check out Rich’s top ten pot picks for August for more pot stocks that are soaring through the summer slump.
OrganiGram Holdings (TSX:OGI) (NASDAQ:OGI) has a lot to celebrate today. Not only was the company able to nab a spot on Rich’s top ten list, it also began listing on the Toronto Stock Exchange this very morning.
Rich says: “With $24.8 million, 165 million shares outstanding, OrganiGram is my number ten stock for September 2019.”
MediPharm Labs Corp. (TSX:LABS) (OTCQX:MEDIF) made a lot of waves in the sector last week when it reported that it turned a profit in its last quarter. The good news has bolstered the company’s stock price amidst a sea of red for its contemporaries.
Rich Says: “$31.9 million in quarterly sales, 154 million shares issued and outstanding. I absolutely love MediPharm Labs, I’ve made money on them about four times, and it’s been a huge year for them.”
Another of Rich’s pot stocks that recently graduated to a new exchange is MariMed Inc. (OTCQX:MRMD). It moved to the OTCQX a week ago today, not long after the company reported second-quarter 2019 revenues of $25.7 million.
Rich Says: “They’ve got a huge upside and are under the radar. Priced low, priced right. 215 million shares.”
With 23 locations, GrowGeneration Corp. (OTCQX:GRWG) is currently the largest chain of specialty hydroponic and organic garden centers. The company recently generated $19.5 million in quarterly sales and has a relatively tight share structure with only 34 million shares outstanding.
Rich Says: “They’re hugely successful, one of the few cannabis companies going up while everyone else is going down. These guys are a beast.”
One of the largest pot stocks in the US, Cresco Labs (CSE:CL) (OTCQX:CRLBF), began listing on a European exchange earlier this month. Currently selling at just a hair under $8.00, it is already a major cannabis player and is still on the rise.
Rich Says: “Just under $30 million in quarterly sales, 295.7 issued and outstanding shares. Like everybody else they’ve been getting beat up, but Cresco is one that you need to put on your radar. They are huge.”
Aphria Inc (TSX:APHA) (NYSE:APHA) has always been a worthwhile investment in the cannabis space. This company has proven that it can generate a profit and expects to produce 255,000 kgs of cannabis by the end of the year.
Rich Says: “Aphria is profitable, it’s revenue-generating. It’s been one of my top pot stocks from the beginning. $28.6 million in quarterly sales, 250 million shares. They are a global cannabis giant at such a low price. This price is literally a Christmas gift.”
Top Pot Stocks: 4 – 1
To get the rest of Rich’s top pot stocks for September, check out his video and subscribe to his channel for all the early, insider information. If you’re thinking about investing in one of these companies, or have a company you want Rich to talk about, let us know about it in the comments below.
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