The cannabis sector is back in focus again among many investors and there are some interesting stocks that could be considered. However, investors need information on several cannabis companies before making up their mind and it is in this regard that the YouTube channel Rich Tv Live has become so popular.
It published videos regularly in which the analyst looks into stocks and also makes recommendations. In the video published by the channel back on January 23, the analyst looked into the stock that he believes is the number 1 cannabis stock for the year. The company is Christina Lake Cannabis (CSE:CLC) OTCMKTS:CLCFF) (FRANKFURT:A2QEGJ) and considering the bullish sentiments from Rich Tv Live, it might be a good idea to have a look at the company.
In this regard, it might be necessary to take a look at an announcement from the company this past Saturday. Christina Lake announced that the company’s management and the Master Growers have reached an agreement with regard to the crop allocation structure for the year.
This is an important development since the company is currently looking to raise its production levels significantly. As the Rich Tv analyst pointed out in his video, the company is looking to raise its output in 2021 and this may well prove to be the first step towards accomplishing that.
However, there is another major competitive advantage that was pointed out by the analyst. Growing cannabis is something that requires a lot of skill and scientific knowledge and Christina Lake boasts of a genetic databank that consists of as many as 100 different proprietary cannabis strains. On top of that, the company grows its cannabis outdoors and that is something that helps Christina Lake in keeping costs considerably lower than its peers.
Indoor cultivation facilities are expensive to set up and maintain, which is why this helps Christina Lake is keeping its costs in control. Many of those companies have built up massive facilities that run up huge lighting bills every year and if there is a slump in the market, it can hurt a lot. However, that is not something Christina Lake has to worry about. The Rich Tv analyst made his argument for the stock but investors should do their own research before making any decision.
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