How Will These Two Leading Canadian Pot Stocks Do Next Month?

Within the cannabis industry, Canada holds claim to many marijuana stocks. While there are many reasons as to why this is true, the most sensible one is that Canada is the only G7 nation to have recreational cannabis legal nationwide. Because of this, the cannabis industry there has grown tremendously in the past few years. With this growth came a slew of new marijuana stocks to watch. Although there is a lot of growth left to occur in Canada, the industry is working hard to make this happen.

For now, a lot of the focus of cannabis investors has been in Canada. Although some pot stocks are limited to domestic operations, others have moved into the U.S. and other locations abroad. They do this through strategic acquisitions or creating new in house brands. With this in mind, there are a large number of Canadian marijuana stocks to choose from. Investors should continue to do their due diligence to find out which one is right for them. With that in mind, here are two Canadian pot stocks to watch.

A Leading Canadian Marijuana Stock

CannaRoyalty Corp. (OTC:CNNRF) may not be a common name in the cannabis industry, but the leading pot stock has made some big strides. While most other marijuana stocks operate in a well-defined area of the industry, CNNRF stock is in its own class. The company states that it is an investor in the legal cannabis industry. By this, the company means that it invests in individual cannabis operations, where it then takes a royalty and a part of the grow. In addition, CNNRF stock has branched into other areas of the cannabis industry.

This includes investments in everything from intellectual property to consumer devices and more. Other leading pot stocks like KushCo Holdings Inc. (OTC:KSHB), have ventured into similar territory, but CNNRF stock remains quite different. With this, investors can have an interesting amount of exposure to the cannabis industry. While a pot stock like Aphria Inc. (NYSE:APHA) may give a lot of exposure, it will not always be the broadest. CannRoyalty on the other hand remains a very broad marijuana stock to watch.

Another Alternative Canadian Pot Stock to Watch

Namaste Technologies Inc. (OTC:NXTTF) remains quite an unknown marijuana stock in the industry. But despite its underground status, NXTTF stock has a lot to offer investors. The company remains a leader in the e-commerce side of the cannabis industry. By operating with several online businesses such as CannMart Inc., NXTTF stock remains a very unique cannabis stock to watch. One issue that the company has faced in the past few years has been distribution. Although it can sell a lot of cannabis online, finding the right paths to distribution can be difficult.

This is something that many marijuana stocks have run into since the legalization of cannabis in Canada. And although NXTTF stock is performing quite well, it does have some factors that it needs to work out. Some major marijuana stocks like Canopy Growth Corp. (NYSE:CGC), have also been working to get the digital marketplace up and running, but it has proven to be more difficult than previously imagined. Regardless, NXTTF stock remains an interesting alternative marijuana stock to watch.