This Marijuana Stock is Ready To Profit From Fastest Growing Cannabis Trend
Unless you live under a rock, you know that marijuana legalization is taking the world by storm. One of the latest trends in this budding industry is extraction. Extracted products provide an alternative to consumers to smoking dried marijuana. Oils, edibles, and concentrates are garnering big attention among the masses and investors alike.
This Marijuana Stock Surprised Investors
Marijuana stock Aphria Inc released its Q4 and fiscal2019 earnings on Thursday after the market closed. This marijuana stock to watch beat top-line estimates and reported $128 million compared to the expected $108 million. The better-than-expected performance from this cannabis stock was mainly driven by the massive growth of sales from distribution operations.
How Are Marijuana Stocks Changing The Face of Traditional Business
The marijuana industry in the U.S. has shot up drastically over the course of the past few years. In only a short amount of time, cannabis and the surrounding industry has garnered a large amount of attention. With new bills potentially going into law moving into the future, cannabis looks like it is definitely here to stay.