The cannabis sector has been on quite a tear the past few months. I talked about my three favorite pot stocks in the wake of the Georgia Senate run-offs back in early January. But there are always new opportunities popping up…
And my research has led me to an under-the-radar pot stock I’d like to discuss today.
With the federal government’s legislative body becoming more favorable to the cannabis sector, it should have more solid footing for legalization.
The three stocks I discussed in January are Aphria Inc. (Nasdaq: APHA), Canopy Growth Corp. (Nasdaq: CGC) and Trulieve Cannabis Corp. (OTCMKTS: TCNNF).
APHA is up over 90% after a proposed merger with Tilray Inc. (Nasdaq: TLRY), CGC is up about 45% and TCNNF is up about 10% after a big run up the past year.
These three names should be familiar to most cannabis investors and I expect them to keep moving higher… But what about an under-the-radar pot stock?
My new company started off creating a successful business growing greenhouse veggies, and it is one of the largest indoor produce growers in America. Now it’s pivoting toward cannabis as a new, more valuable crop to put under those same greenhouse roofs.
While the bigger names I mentioned already have future growth baked into their share prices, this under-the-radar pot stock has yet to fully price in its potential growth. This stock chart over the past couple of years shows a fair amount of volatility.
But most of that volatility is to the upside. It tripled in 2017, backtracked and then had a gigantic move higher in 2018, from $3 to $16 a share. Pot stocks mostly tanked through big parts of 2019 and 2020, and it retraced all of its gains.
Since bottoming out amid the early days of the pandemic… when virtually everything was crashing… the shares are once again up about five-fold.
So check out my short video and let’s chat about my under-the-radar pot stock, which is trading under $15 a share. What are your favorite pot stocks? Let us know in the comments below.
Have you ever seen what happens when millions of dollars pour into random stocks?
For example, billionaire George Soros bought 2.7 million shares of Peloton and its share price shot from $18 to almost $140! That’s a 690% jump just from ONE man pouring some of his massive wealth into a random stock.
You see, stock market expert Adam Sarhan seems to have found a way to tell when billionaire moguls could buy into seemingly random stocks.