The pot stock market has been working up quite an appetite for the coming months. With so many new cannabis stock investors looking for companies to keep an eye on, it seems as though the future is just as interesting as the present. One of the key things about pot stocks is that it can be difficult to find which marijuana stocks to watch given how many companies there are in the industry.
These companies range from growers to ancillary businesses such as those who provide packaging and more. The list goes on, but the bottom line is that it’s not always the easiest to pick a cannabis stock. The most important factor to consider is that all the research has been done. This ensures that there are no surprises when it comes to the future of a given company. All in all, pot stocks to watch seem like they’re everywhere, and for good reason.
A Cash Rich Pot Stock
Cronos Group (CRON Stock Report) is one of the largest cannabis stocks in the pot stock market. The company has been working to up the amount of cash that they have with a current market cap north of $3.5 billion. The company has such a large amount of cash due to its sizable deal with tobacco producer Altria (MO Stock Report).
Because of this, they have been working to innovate and use the money to fulfill all of their future prospects. The company is still technically losing money, but it seems that the majority of cannabis companies are due to how new the market is and how capital intensive the business is in the beginning. All in all, they remain a key pot stock to watch moving forward.
The Big REIT Pot Stock
Innovative Industrial Properties (IIPR Stock Report) has been the subject of several pieces of news in the past few weeks. Despite its large profitability, the company has seen its stock lose quite a bit of value in the past month or so. The company is a REIT, which means that own and operate several facilities around the U.S. where companies can produce their product. The business has been able to expand rapidly, but their expansion has also left them somewhat stagnant for now.
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The company should be viewed as more stable than most in terms of their future prospects. IIPR has all of its facilities currently leased out which is why their profitability remains high. In addition, they are required to pay out the majority of their profits in the form of dividends to investors. This is positive that some investors look for when picking a pot stock to watch.