5 Cannabis Penny Stocks for Higher Returns
5 Cannabis Penny Stocks for Higher Returns
We’re up 46% on our previous three cannabis stock picks from September and I’ve found five more ready to ride the wave of marijuana legislation. In this video, I’ll show you how to find the cannabis penny stocks with the most to gain and what I’m looking for in stocks to buy.
The ‘grow’ rush is on with cannabis stocks jumping since last year. We covered three weed stocks in September ahead of the trend with an average of 46% return to date and one is up 80% on a takeover offer. But those three cannabis companies were multi-billion stocks already huge and with limited upside. When I think of the future of cannabis and the potential growth, I want the penny stocks that could 10X your money.
Legislation is coming that could open the industry up to increased funding, liquidity and a wave of investors. The U.S. House already passed new banking legislation last year that would have opened cannabis up to a boom in funding. It’s the small, penny stock companies that will benefit most from the funding and being able to list on the major stock exchanges.
When I’m looking for cannabis penny stocks, I’m first screening for companies under a billion-dollar market cap and preferably even smaller at $500 million or less. That gives them the room to grow into multi-billion companies. I’m also looking for companies at different stages in the supply chain like cultivation, processing and retail. Finally I look at revenue growth, potential and other financial metrics.
Check out the BevCanna investor presentation and how this white-label, full-service infused beverage company is ready to take advantage of cannabis legalization. https://www.bevcanna.com/investors/
TSX-V: BEV | OTC: BVNNF
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
#pennystocks #stocks #stockstowatch
This video was conducted on behalf of BevCanna, and was funded by Gold Standard Media LLC. All research, recommendations and opinion is that of the creator and no content was written or provided to the channel from the company. Sponsorships like these help me provide free research into this and other companies for investors.
For our full disclaimer, please visit: https://www.goldstandardir.com/bevcanna-disclaimer-40/
Where are most of these stock available? Only one or two are available on Webull.
I use webull and alot of penny stocks aren’t available on there. What’s a better trading platform?
I’m pretty sure there’s a scammer or something similar in your comment section using your profile picture and sending people a phone number, might want to check that out
Great video. Gotta say, was pretty shocked not to see HITIF.
What are your thoughts on HEXO (NYSE:HEXO) who hold a good market share when it comes to recreational cannabis and pot-infused beverages. Market Cap around 800 mil.
dividends is my main reason im not into it
Joseph great video. I bought ACB long time ago and I am still holding. Need advice…do I sell and take the L and sell or hold. I feel ACB will one day go back one day
Start selling your own coin via mintme 🙂 I would invest in you
If have time，you can take a look at our led grow light, it’s also very useful, PPFD can reach 2.9μmol/J
Investing in Penny Stocks but not sure where to start? 💰 Watch this! https://youtu.be/Ao-OvP2zGBQ
What’s your take on the following cannabis stocks:
Canopy Growth Corp
Cresco Labs Inc
Valens
Aurora
Cronos Group
ETFMG Alternative Harvest
GW Pharmaceuticals
All right so all my stocks are red do you think they’re going to go down even more or should I just buy in some more
Mr Hogue, I just found a stock called AIV, from my research it says the dividend is $4 a year per share, do you have and info on this company? It seems to be a very high dividend
Plant13 is super risk, at this point, with cv19, as they are travel destination and they keep shutting shit down, so its risky
Can we get more dividend stocks please, only 4 left in your last three videos who x dividend date hasn’t passed.
Look into Sellas Life Sciences (SLS)
High Tide would have been a better pick than Alcanna. Alcanna has actually spun off their cannabis business as a separately listed company, nova cannabis.
Otherwise Bevcanna was a good pick.
I don’t particulaly like Cannbis but I started to invest, I think it has future as a new side drug like alcohol and cigar. For now, I’m investing in HIT and FIRE because they are cheap and show some future
GameStop going baby🥰
I have lost 40% the past month in all the hot stocks like in tech, EV, semiconductor, clean energy, bio, and innovation. I expect 60% more drop in these sectors. Best stocks to buy are Carnival cruise, hotel stocks, airline stocks, and restaurant stocks. You will lose insane in hot sector stocks. I was up $120,000 and now down $30,000 just in the past month. Do not fall for the 300% over inflated stocks we have been seeing.
Mr Joseph what did you think of sunflower SNDL ?
$CATV Attention: $CATV Is Way Undervalued At Current Prices! Name and Ticker Change Imminent! Merger News Imminent! RockStar CEO Michael Feldenkrais and a PowerHouse Team Of Advisors and Staff! Farms In Florida (CBD/Hemp)(Currently Under Expansion), Puerto Rico (Medical Marijuana/Cannabis), Columbia (THC), JV with established Israeli Cannabis Company, In House Cannabis Compliance with icomply cannabis. 4 Revenue Generating Companies Acquired Since First Of Year. $20-$40 Million Expected Revenue For First Year (Conservative), New Products Out and More To Be Announced. Product and Brand Licensing. Bio Mass Buyback Program. Seed To Sale. The List Goes On! Plenty Of DD Available On This One. Just Ask..
Hey, I’m following your Stockcard Portfolio and it’s really confusing at times, for instance some stocks have a buy and sell date which are both in 2020 – does that mean you sold all of them at that point? Also im wondering if it just says sell but with no date, does that mean you sell just a portion of those stocks, and is there a way of finding out how many you’ve sold of them if it was’nt all of them?
What keeps investors from getting into this…..lack of knowledge of which one to go for
Was this video sponsored by bevcanna? Cuz I know another youtuber was sponsored by them
I’m going for OGI and APHA
For those asking about High Tide, it only has a 3 year chart and has already gone down to $0.05 last summer. If it goes back down to $0.05 or even $0.10 this summer it could be a good buy. It has not yet shown an upside of $1 which many currently cheaper pot penny stocks exceeded during Canadian rec legalization did only to fall back down below $0.25/share since. Without having demonstrated the ability to go to $1+, High Tide has not yet earned the confidence that other cheaper stocks have concerning what performance can be expected going through USA legalization. Pot penny stocks are an entirely speculative market. The peak during Canadian rec legalization only lasted 3 days. The primary difference is that USA institutional investors can’t buy into USA pot stocks until legalization. Mutual funds, trust fund, etc. buying in should sustain a USA legalization pot stock price peak exceeding 3 days, most likely, but the height of the peak is determined by short sellers. They will raise the price and raise the price and raise the price until there are no buyers left. Then they will vanish, abandoning the entire sector and wait for the price to fall back down, so they can cover their sales within 30 days. Nobody who knows what they are doing will be buying during the legalization peak. Among the late coming speculators who have no clue what they are doing, why would High Tide stand out and draw exceptional buying traffic? Nobody is going to know what it is actually worth until 6 months to a year after legalization.
Haha Horrible experience with TLRY a couple of years ago when everybody, including me was really into weeds. Haha Price tanked to less than 10 after i got it around 90. 🙁 🙁 🙁 Interesting cannabis penny stocks, but i can’t buy OTCBB on TD. Shopping for another platform to buy OTCBB and other stocks
Great video! I was wondering when you will be making a video about best european Etf’s to buy in Europe?
I’m on the MJ ETF. Great video learned a lot
I invested in GRSO with the vertical farming technology they are trying to develop
How bullish are you on bvnnf?
I am invested in several cannabis stocks and I am not really sure what is keeping other investors from putting their money into these stocks
Love your show! Can you do a review with ticker symbol SSFT, they are an Artificial Intelligence penny stock from San Jose which is the tech capital of the world 🌎. Please and thank you!
What are your thoughts on Aurori Cannabis and Sundial?
Marijuana bad! It will make you do horrible thing when you use it. Dont do it! It can even make you go blind, deaf or braindead.
Cannabis horrible dangerous drug?
Thanks God alcohol is such a super healthy substance, and shout out to the government for keeping it legal so you don’t have to worry about retirement if you are a regular user.
I’ve been following cannabis stocks for just over a year now. In my opinion probably the only industry that isn’t massively overvalued. An already existing industry that’s been suppressed and is now being made legitimate for economic reasons. Long overdue.
The company its I follow the most that I think are probably undervalued (just based on their structure and growth alone) are green thumb industries GTBIF
Harvest health and recreation HRVSF
Cresco labs CRBLF
and curaleaf
CURLF
All of these companies are American and all operator in multiple states. I hear no one talking about these massive companies and only hear tilray and canopy . Which is just all around funny. Or sundial. Canadian and American are not the same …
Hello, I’m from Lucas do Brasil, and I’m starting to invest in a great American company, the USA Compression partner (USAC), because after doing an analysis I found that it is a company with great management and profitability, which also pays good dividends, it is a natural gas company, here in Brazil it is complicated to invest in the stock exchange because due to the high volatility of the shares and also the devaluation of the brazilian currency the real, so i prefer to invest in the american stock exchange because it has more security and confidence in investments , thanks.
MJ has been the inspiration for me to start investing .I missed the Canadian rush but IREALIZED THAT WHEN THE US rolls there will be a large opportunity and then Covid sped up the whole process.
Well this didnt age well
I would take your 30% 40% losses this year and sell off everything. Do not get back into the market this year. I expect between 60% and 70% market drop. I sold off 50% of my portfolio after going down $90,000 in just 2 weeks. My $ out of the market is $ saved.
I got into their ETFs
A side note: I purchased (almost) every stock you researched to earn dividends everyday. Thank you for the work you put into those 3 videos.
Buy Nsav stock. It’s a game a changer
"Higher" returns. (WOO HOOO!)
MCOA$$
Thank you for your research and knowledge on investing my friend. We reached the point early last year to where we were in the position to start investing outside of retirement funds, and it has been quite the experience so far! Thankfully a pretty profitable experience, but I’m learning more and more as time goes on and you have been a huge asset. Keep up the good work and also congrats on your YouTube success!
If I smoke enough I could disrupt the market🤣🤯
Planet 13, GRWG and GGTF