This morning, the Canadian Marijuana Index dipped to $193, its lowest price since October 2016. Though the stocks keep going down, the industry itself continues to show signs of maturation. Investment in this industry is all about long-term growth, and to highlight the best examples of this, Rich is listing his top pot stocks to watch for the month of February 2020.
“These are ten stocks that can give you a chance to make it big,” Rich says. “And not just for February, but forever.”
Last month, some of Rich’s big winners showed massive growth. Who will top this month’s list? Let’s find out.
Pot Stocks to Watch: #10–#8
10. Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ)
Rich Says: “The HMMJ ETF pays you a dividend. They invest in the best and they forget the rest—this is how you win.”
9. Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF)
Rich Says: “These guys were in the green in January, and I believe they will go higher. CWEB is the biggest and the best CBD company in the world, in my opinion. Currently at $9.59, these guys are an absolute beast.”
8. Village Farms International Inc. (TSX:VFF) (NASDAQ:VFF)
Rich Says: “They had a monster year in 2019, but have been getting crushed ever since. But they are going to be a beast again. They are moving towards profitability and they are moving towards success.”
Pot Stocks to Watch: #7–#5
7. The Valens Company (TSXV:VLNS) (OTCQX:VLNCF)
Rich Says: “I interviewed these guys recently, so take a look. Valens is going to be an extraction giant—they’ve got a tight float and they’re building revenue.”
6. Aphria Inc (TSX:APHA) (NYSE:APHA)
Rich Says: “I love the price of these guys right now. It’s ridiculous. They’re a giant and I can’t understand how they’re trading at $4.66 on the NYSE. It’s just a gift. Now they could go lower, but I think they could also go way, way, way higher. So stay tuned.”
5. Cronos Group (TSX:CRON) (NASDAQ:CRON)
Rich Says: “These guys have more money than anybody but Canopy. They’ve been one of the best since day one. They’ve made some huge moves, have great management, and have billions in the bank. They’re too big to fail.”
Pot Stocks to Watch: #4–2
4. Canopy Growth Corporation (TSX:WEED) (NYSE:CGC)
Rich Says: “You can’t deny these guys. Once again, they’re too big to fail. They’re LeBron James and they’re working with everybody including Drake, Martha Stewart, and Seth Rogen. They’re the biggest and one of the best.”
3. Innovative Industrial Properties Inc (NYSE:IIPR)
Rich Says: “It’s a real estate investment trust and it’s been going up. IIPR has a tight float and is paying a dividend. There’s a reason why they’re going up while everyone else is going down, because IIPR is blessed.”
2. GW Pharmaceuticals (NASDAQ:GWPH)
Rich Says: “Tight float, FDA approval—these guys are changing the world. They’re only getting bigger and they’re only getting better.”
Rich’s Pot Top Stock to Watch for February 2020
Topping Rich’s list of top stocks to watch this month is Scotts Miracle-Gro (NYSE:SMG). As Rich says, this company is leading the sector in terms of sales, and it will take other companies years to reach SMG’s level.
But remember, 2020 is the year of diversification. So make sure to check out Rich’s top ten list outside of the cannabis sector. And as always, keep watching to keep winning.
Featured image: DepositPhotos © thinglass