I bought a few cannabis stocks today to go along with my IIPR holding. I have done so well with that name I wanted to add to my exposure in that industry. Right now I'm up 55 points on IIPR lol. I have done about 7 weeks of research and narrowed it down to 2 names I really like long term.
CTST and VFF. Now none don't pay a dividend but the upside alone was worth the gamble.
VFF - Is so far ahead of the competition. It will take years to build a highly competent workforce. Just amazing they turned a profit this quarter already while converting their greenhouses.. They have got to be the envy of the rest of the industry, and I bet they have many running scared. Those that spent huge amounts to do indoor growing and to build greenhouses from the ground up are quickly running out of time.. many will probably never do more than recoup their investment at best.
Village Farms focus on simply growing and selling wholesale makes perfect sense. Canopy's Bruce Linton recognized this months ago when he said that they need to move upstream into higher margin aspects of the industry and that he would like to get completely out of growing.. That's fine with VFF who will be one of the few left standing after the industry shakeout that's coming down the road.
This stock is just getting started. I wouldn't be surprised if it reached $30+ by Sept.
CTST - CannTrust is in a terrific position for growth and is doing so in a fiscally responsible manner- they've already grabbed a health share of the medical MJ market and when they develop CBD-infused beverages CannTruust will be among the most attractive MJ plays out there. I have tried many CBD capsules and drops over the past 6 months and to me these are the most effective in the industry especially with my neck and back pain. Stock went from the pink sheets to now trading on NYSE. A great accomplishment. CEO has bought the stock this month on 3 occasions.
Just curious if anyone else owns any names in the cannabis industry?
CTST and VFF. Now none don't pay a dividend but the upside alone was worth the gamble.
VFF - Is so far ahead of the competition. It will take years to build a highly competent workforce. Just amazing they turned a profit this quarter already while converting their greenhouses.. They have got to be the envy of the rest of the industry, and I bet they have many running scared. Those that spent huge amounts to do indoor growing and to build greenhouses from the ground up are quickly running out of time.. many will probably never do more than recoup their investment at best.
Village Farms focus on simply growing and selling wholesale makes perfect sense. Canopy's Bruce Linton recognized this months ago when he said that they need to move upstream into higher margin aspects of the industry and that he would like to get completely out of growing.. That's fine with VFF who will be one of the few left standing after the industry shakeout that's coming down the road.
This stock is just getting started. I wouldn't be surprised if it reached $30+ by Sept.
CTST - CannTrust is in a terrific position for growth and is doing so in a fiscally responsible manner- they've already grabbed a health share of the medical MJ market and when they develop CBD-infused beverages CannTruust will be among the most attractive MJ plays out there. I have tried many CBD capsules and drops over the past 6 months and to me these are the most effective in the industry especially with my neck and back pain. Stock went from the pink sheets to now trading on NYSE. A great accomplishment. CEO has bought the stock this month on 3 occasions.
Just curious if anyone else owns any names in the cannabis industry?