Cannabis Stock SPRWF
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3. Supreme Cannabis Company (SPRWF)
When Canada became the first G7 nation to approve recreational weed in October 2018, it actually forged the path forward for marijuana startups. As a result, the lion’s share of marijuana penny stocks is based in Canada.
A prime example is Supreme Cannabis Company (OTCMKTS:SPRWF). Supreme Cannabis, whose 7ACRES brand of medical-grade cannabis started life as a father seeking alternative therapies for his daughter.
Eventually, 7ACRES grew to become a gold-standard cannabis facility, offering distinct, high-quality strains.
What makes SPRWF stand out compared to other top marijuana penny stocks is that management is focused on a business-to-business (B2B) strategy.
This enables the company to fine-tune its craft, rather than dilute its effectiveness through disparate supply-chain segments.
Over the long run, I think this higher-end focus will distinguish SPRWF stock from the competition. For example, several mainstream retail stores, including Neiman Marcus and Vitamin Shoppe (NYSE:VSI), have pushed for cannabidiol, or CBD, products.
Obviously, that’s a big plus for the broader marijuana industry. But just selling bottom-shelf weed at large volume isn’t going to cut it. Consumers want differentiation, which is what Supreme Cannabis offers. Therefore, SPRWF stock has a chance to positively surprise.
That said, this is a very volatile market. SPRWF stock is a high-risk, high-reward venture, but a very tempting one due to positive industry-related developments.
