Higher learning: a market high
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In case you haven’t noticed, the legal marijuana movement is creating quite the buzz on Wall Street. Since the start of 2016, a number of the largest pot companies by market cap have seen their share prices rise by more than 1,000%.
It has to do with a combination of rapidly growing sales, a consistent shift in the public’s opinion on cannabis, and a “marijuana first” expected out of Canada later this year.
But it’s not just sales growth that has investors excited. It’s the shift in consumer opinion toward cannabis. With the public strongly behind the idea of legalization, investors expect sales growth throughout North America to continue climbing.
Investing in Canadian marijuana stocks two years ago would have been a dream for most investors.
Recently there has been a decline in the market, almost 20% of it occurred during the past month. This shift was triggered by the announced restrictions on cannabis packaging, and more importantly, news that the Cannabis Act will still face its Senate vote in June. However, buying Canadian marijuana stocks today could still provide substantial returns to investors. These stocks could be undervalued relative to future earnings. Investors should still be wary, though, as there is still a large amount of uncertainty surrounding Canadian marijuana stocks. If you are in the market for strong potential returns and are willing to stomach some risk, here are a few to look into:
1. Canopy Growth Corp. (TSX: WEED)- $28.15
2. Aurora Cannabis Inc. (TSX:ACB)- $8.02
3. Aphria Inc. (TSX:APH)- $10.09
4. MedReleaf Corp. (TSX:LEAF)- $19.45
5. Liberty Health Sciences Inc. (CNX:LHS)- $0.90
6. Sunniva Inc. (CNX:SNN)- $8.65
7. MPX Bioceutical Corp. (CNX:MPX)- $0.77
8. Supreme Cannabis Company Inc. (TSXV:FIRE) – $1.66
9. Invictus MD Strategies Corp. (TSXV:GENE) – $1.83
10. Emblem Corp. (TSXV:EMC) – $1.55
11. CannTrust Holdings. (TSE:TRST)-$7.08
12. Hydropothecary Corporation. (CVE: THCX)-$4.25
13. Cronos Group. (CVE: CRON)-$9.15
14. GW Pharmaceuticals. (NASDAQ: GWPH)-$137.01
15.Cannabis Wheaton Income Corp. (CVE: CBW)-$1.52
16.Emerald Health Therapeutics. (CVE: EMH)-$4.73
17. Cannabix Technologies Inc. (CNSX: BLO)-$1.80
18. ISODIOL INTERNATIONAL ORD. (CNSX: ISOL)-$0.84
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
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