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?
WealthPress’ Jeff Yastine
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.
And as always, send your investing questions to jeff@yastine.com. Be sure to subscribe to my new YouTube channel. You can also follow me on Twitter and Facebook.
P.S. Where Are Billionaires Putting Their Money?
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.
But this wasn’t a one-time occurrence…
You see, stock market expert Adam Sarhan seems to have found a way to tell when billionaire moguls could buy into seemingly random stocks.
1 Comment
Hi Jeff
I am a former employee from VFF was in a management position in Texas for 28 years
Currently retired
A lot of info given in the VFF presentation was kinda old news
They currently have 25 acres in Canada in Cannabis production and products are sold throughout Canada under Pure Sun Farms
The second 25 acres is being rebuild for Cannabis
VFF bought out Emerald Health last year
VFF has 100% ownership of Pure Sun Farms (Cannabis company)
VFF has 130 acres in West Texas ready to convert up on Federal approval in the USA
I have visited Pure Sun Farms in January 2019 and was amazed by the technology and expertise of the team there
Thanks for mentioning VFF in your presentation
Regards JG Korteland