In the past six months, negative news has become the norm talking about marijuana stocks. While this may be the present state of the industry, it seems as though there are some pot stocks that are definitely worth watching. These few companies are making big moves that should help them move into the future of the industry. With all eyes set on the next few years, innovation is leading the charge right now.
One of the key things to note is that the value in the cannabis industry may not be where most expect to find it. Because the industry covers such a broad scope, the real value is hiding amidst the sub-sectors of the market. These areas include money transport, realty services, extraction businesses and more. With so many to choose from, these two key pot stocks are definitely ones to watch moving forward.
Marijuana Stock To Watch: A Cannabis Cultivator
OrganiGram Holdings (OGI Stock Report) is one of the largest pot stocks in the market. The company was able to push out as much as CA$80 million in revenue for the year ending results. With this, the company also posted around CA$9.5 million in losses for 2019. This number may sound like a lot, but considering the losses of CA$22 million in the previous year, it becomes smaller. The company has been working to up its production of the substance by producing 16 new rooms for the growth of the substance.
This is all being done in its Moncton, New Brunswick facility. With these new growing areas, the company should be able to push out as much as 90,000 kilograms of cannabis when operating at peak capacity. This is quite a lot, and will only payout if the company has a valid source of demand for the product. Only time will tell how well OrganiGram is able to fair with growing concerns of over-production in the Canadian area of the cannabis market.
Marijuana Stocks To Watch: Focusing On A Canadian Cannabis Company
Aleafia Health (ALEAF Stock Report) (ALEF)is another one of the big Canadian pot stocks to watch. The company saw its medicinal cannabis sales rise by as much as 43% from the previous quarter of the same year. With eyes set on being one of the largest sellers of cannabis in Canada, the company still definitely has a long way to go. Many believe that Aleafia Health is positioned to be one of the top players in the Canadian market as its current state of business presents some new and interesting opportunities.
The company has consistently been able to execute its operational practices in the form of new outdoor growing areas. The company states that it expects high levels of cultivation to be one of the leading reasons behind its success in the near future. The hopes are high that Aleafia Health can keep up its momentum as the future continues to weed out the big guys from the smaller pot stocks.