2 Pot Stocks To Watch In 2020
As far as pot stocks go, there are winners and there are the losers. Although the majority of marijuana stocks have posted gains in the past month or so, not all have shown such success. Amongst the leading cannabis stocks are some that have proven themselves time and time again. They have done this by posting solid and consistent quarterly numbers, as well as great plans for the near and distant future. Investors should be able to access this data through comprehensive research into a given pot stock. While finding the right marijuana stock to watch might seem challenging, it isn’t as hard as one may think.
Utilizing all of the tools we have today such as the internet, we can learn just about anything regarding a given marijuana stock. But, because of the breadth of information out there, investors should always remember to be skeptical about a marijuana stock. Being skeptical is one of the best ways to secure potential gains, as it allows investors to always be watching rather than feeling 100% comfortable at all times. But, as far as marijuana stocks go, there are quite a few that continue to pull in notoriety. These companies are at the top of their game and seem to be just getting started.
A Marijuana Stock That Is a Grower And a Shower
Curaleaf Inc. (CURLF Stock Report) is one of the most talked-about marijuana stocks for good reason. The company showed a very solid first quarter 2020 results, with quarter over quarter revenue growth of around 30%. Since that time, it has also worked to continue increasing the amount of cannabis that it can grow to sell in its stores. But, the real potential for Curaleaf is not in its short term earnings reports. Rather, the company has some very solid long term growth that could be on the way. Curaleaf recently closed on its acquisition of Select as of two or three months ago.
This gives it unparalleled access to one of the largest marijuana distributors on the West Coast. In addition, the West Coast is scheduled to continue growing in its market size and ferocity into the near and distant future. If all that wasn’t enough, the company has also stated that it is working to move into Colorado and Oklahoma; both of which are markets with great amounts of potential. As one of the largest cannabis operators in the country, Curaleaf continues to be positioned above many others in the industry.
A Pharmaceutical Marijuana Stock With Large Consistency
GW Pharmaceuticals Inc. (GWPH Stock Report) is a household name in the cannabis industry at this point. The company has some growth lined up for the future which should help to continue attracting investors. Although it does not touch the physical plant, the company has made a name for itself producing some of the most prominent marijuana-based pharmaceuticals in the industry. The patients who use its products have stated that they are miracles and the only one that works for them.
After posting around $50 million in losses lost year, this year, the company only posted around $8 million in losses. But, the company has also managed to triple its top line while only seeing its operating expenses increase by around 40%. With its drugs receiving widespread approval from around the cannabis industry and on an international scale, GW Pharmaceuticals remains one of the most prominent marijuana stocks in the industry. For this reason, it should be on any investor’s list of cannabis stocks to watch.
The post 2 Pot Stocks To Watch In 2020 appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.
By: J. Phillip
Title: 2 Pot Stocks To Watch In 2020
Sourced From: marijuanastocks.com/2-pot-stocks-to-watch-in-2020/
Published Date: Mon, 08 Jun 2020 05:30:43 +0000
Did you miss our previous article…