DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. THIS IS OUR OPINION.
The cannabis industry has been incrementaly growing over the past few years, and has reached a point where the industry began rivaling top-notch stock markets. Consequently, with the growth of this industry, a variety of companies have emerged that contribute heavily in the development and research of marijuana, thus showing an incremental worldwide surge in interest for supporting this industry and increasing its footprint on the financial markets. Let’s all face it, cannabis has begun to gain much wider acceptance and has been legalized in several nations for recreational, medicinal, and other uses.
Many investors have grown a particular interest in cannabis stocks due to the sizeable opportunities emerging from the legalization of marijuana in Canada and several US states. This has created a trend in investing in cannabis stocks as we witness accentuated fluctuations of hot marijuana stocks.
Here are some of the marijuana stocks to look out for in 2021:
Canopy Growth Corp. mainly works in the production and sale of medical cannabis. The company offers various products including oils and concentrates, and hemp. It’s primary focus is on the treatment of chronic pain, seizures, muscle spasms, nausea, and loss of appetite. The company is headquartered in Smith Falls, Canada.
The company well positioned in the fast-growing Canadian recreational cannabis market and has lately been witnessing considerable strength in its business channels despite the ongoing pandemic-led business disruptions. This has lead us to believe that this has been the driver of the company’s third-quarter fiscal 2021 performance.
CGC are coninuing to release relevant and innovative products that are most likely to contribute to the enhancement of their performance for the upcoming activities.
GW Pharmaceuticals PlC is a biopharmaceutical company that handles the discovery, development, and commercialization of new therapeutics. It offers its cannabinoid product a pharmaceutical formula of cannabidiol (CBD) focusing on the treatment of seizures associated with physical complexities. The company is headquartered in Cambridge, the United Kingdom.
The GWP PLc stock has been steadily growing in price over the course of the last 12 months and that is mostly due to the fact that their seizure medication is the only cannabis-based drug that the U.S. Food and Drug Administration (FDA) has approved. That paves the way to making GWP a very admirable asset when it comes to the financial market.
Village Farms International, Inc. specializes in the management and operation of agricultural greenhouse facilities in the US and Canada. It operates through the segments of Produce Business, Energy Business, and Joint Venture Cannabis. The Joint Venture Cannabis segment covers the production and supply of cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally. The company is headquartered in Delta, Canada.
VFF will begin fully consolidating its earnings in 2021, which we believe will be a huge factor in the rise of their stock price, add that to their ventures, acquisitions, and international relaease of some of their products, VFF is a company to look out for.
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