RichTV Live: Here are Ten of the Top Pot Stocks for August

top pot stocks

Rich brings another forecast for his community by breaking down the top pot stocks for August almost a full week early. Almost all of his picks for July were big winners, so sit back, take notes, and find out which companies will be the movers and shakers of the cannabis industry this month.

Number 10

Rich calls Planet 13 Holdings (CSE:PLTH) (OTCQB:PLNHF) a “sleeping giant.”

“I think it’s priced right. Analysts estimates say they have a 219 percent upside.”

Based in Nevada, Planet 13 has seen some impressive gains lately. Like many of the top pot stocks, however, the company has yet to turn a profit. It’s well-positioned for impressive revenue growth in the future, but only time will tell if the company can truly deliver.

Number 9

At 355 percent upside, it’s iAnthus Capital Holdings (CSE:IAN) (OTCQX:ITHUF) taking the number nine spot. This company was called a “risky play” earlier in the year, but Rich has good reason to recommend it. iAnthus currently operates 68 distilleries across 11 states and expects to have production capacity worth $525 million.

Rich calls it “one of the best opportunities right now.”

Number 8

Rich calls Harvest Health and Recreation (CSE:HARV) (OTCQX:HRVSF) “a company with so much potential—they’re estimating that it could generate $900 million dollars in America alone.” It’s also been expanding aggressively in anticipation of America legalizing cannabis.

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Number 7

Fire & Flower Holdings Corp. (TSXV:FAF) (OTCPK:FFLWF) is one of the few top pot stocks seeing admirable growth lately. It jumped from $1.06 at the start of the month to $1.36 today. Also, the company recently announced that it received approval to open its 24th retail store. This is definitely a company to watch.

“I love this stock,” says Rich. “They might be a slow and steady winner, but I think they go way higher if you’re willing to be patient.”

Rich also notes that he sees the company’s share price rising as high as $5.00 in the future.

Number 6

Considered the “Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) 2.0,” Canopy Rivers Inc. (TSXV:RIV) (OTCPK:CNPOF) recently released its impressive highlights for the 2019 fiscal year. Canopy Rivers works with its parent company, Canopy Growth, to identify cannabis corporations in need of strategic investments.

“They’ve got the biggest cannabis company behind them,” notes Rich. “I absolutely love them, I own them, and I need more.”

Number 5

Sliding into the fifth spot is Aphria Inc (TSX:APHA) (NYSE:APHA). Despite the recommendation, Aphria has been underperforming lately, and Rich notes that the company has not been having the best month.

“This is a company that’s been getting beat up in the news, getting slaughtered, but I like them. They’re a safe play, as they’re one of the biggest companies in the world.”

Rich advises watchers of the top pot stocks to put Aphria in their portfolios and watch it slowly accumulate.

“If you position yourself at these prices, you’re going to win.”

Number 4

Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB) was recently downgraded from a “buy” to a “neutral.” This makes the company a riskier play, but potentially a much more rewarding one. As Rich has said in the past, downgrades aren’t too much to worry about, and Aurora remains the largest cannabis company in Canada in terms of production capacity. The company also recently became the official cannabis company of the UFC.

Number 3

Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) occupies a compelling niche corner of the cannabis sector. It is “a clinical-stage specialty neuropsychiatric pharmaceutical company” that focuses on developing “transdermal cannabinoid treatments for rare and near-rare neurological and psychiatric disorders.”

“It’s a strong buy and the upside is enormous. The prediction from analysts is $25,” says Rich. “These guys have FDA approval, these guys are saving lives. They literally check every single box.”

Number 2

“I haven’t talked about them much, but I love these guys. Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF) is a strong buy and the analyst estimates are $28.90. That’s 134 upside from these prices.”

Just yesterday, Green Thumb’s stock rose 4 percent as the company received a retail store license from Culver City, California. Rich says that this is a huge company that isn’t as well known as it should be, which means the price is likely to go up as more people become aware of the company.

The Top Pot Stock of August 2019

According to Rich, the absolute tippy-top of the top pot stocks for the coming month is also the number one revenue-generation quarterly sales company in America.

Trulieve Cannabis Corp. (CSE: TRUL) (OTC: TCNNF) is a leading and top-performing cannabis company in the United States. It is a vertically integrated “seed-to-sale” company and is the first and largest fully licensed medical cannabis company in the State of Florida. 

What do you think—are these the companies to watch? Are there any big names that Rich left out? Let us know in the comments below.

Featured image: DepositPhotos © gustavofrazao