The marijuana stock market has shifted dramatically over the course of the past few years. In that time, we have seen companies move toward reaching their projected values. Additionally, we have also seen many of the most popular pot stocks to watch, continue to put forth new innovation for the future of the industry. These companies are working to build out what could become the next few years in the pot stock market. With so many different choices, it can be difficult at times to deduce which companies are the right pot stocks to watch.
While this is subjective, it can also be deduced in a much easier fashion by doing the proper research. With a large amount of research at hand, price action with marijuana stocks can be expected rather than avoided. One thing to note is that pot stocks are notoriously volatile. This is due to how infant the market is overall. The volatility of the pot stock market is something that some investors look for as it allows for the potential of big gains. One should also note that the potential for big losses surrounds as well. All in all, these cannabis stocks to watch are shaping the future of the industry.
The Scientific Approach to Pot Stocks
Stillcanna Inc. (STIL Stock Report) (SCNNF Stock Report) is a Canadian pot stock working in the early stages of various scientifically approached products. The company has been working to up the amount of extraction they can pull from CBD in Europe. As a Canadian pot stock with a large amount of ties in Europe, the company has a unique opportunity for the future of the industry. The company recently signed into an initial extraction contract within Europe that would allow them to be the exclusive extractor for Dragonfly BioSciences LLC, a UK based CBD supplier. All of this just goes to show that they are a key pot stock to watch moving forward.
The company recently announced that their harvest numbers are up 300% over their expectations. This is due to the commitment to innovation that they have put forth to increase their yield to very high amounts. The company is currently able to put out as much as 1,000 kilograms per hectare of land. Although this may seem small, the company is still in the early stages of their growth plan. Regardless, they remain a pot stock to watch.
A REIT Pot Stock to Watch
Innovative Industrial Properties (IIPR Stock Report) is a fairly popular name when it comes to marijuana stocks. The company operates as a REIT which means that they purchase and then lease facilities out to those who wish to grow cannabis.
With their 30 properties currently all leased out, it seems as though they are reaching maximum profitability. The company did see a slump in their share prices recently, but it seems like the stock price is bouncing back in the present day. With revenue up 155% in the past quarter, Innovative Industrial Properties remains an interesting pot stock to keep an eye on for the near future.
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