Cautious investors can take advantage of low-priced cannabis stocks and not break the bank
Shares of cannabis companies that trade at low prices initially and could later trade at higher prices are called penny stocks. At its best, investing in penny stocks in marijuana is a lucrative and exciting endeavor. In most cases, maximizing leverage on invested capital by buying as many shares as possible is a good strategy. A gain of just a few cents, when multiplied by a large site, can make a substantial profit in a relatively short period of time.
Many experts say investors should not overlook Aurora Cannabis. This Canadian company that grows and sells medical marijuana worldwide is trading at a lower price than usual but has always had enough potential to grow and line the pockets of many.
Through the purchase of Reliva, a CBD producer in the US, the company made its way into the cannabis industry. Based on its recent results, it seems that the strategy was extremely smart.
Another company that should be part of many people’s portfolios is OrganiGram Holdings. This company is known for providing high-quality cannabis products, which can be used for both recreational and medicinal purposes. While the company is based in Canada, it does not intend to limit itself to this and is increasing its strategic alliances abroad to strengthen its international position.
And finally, there is Sundial Growers, a Canadian firm that focuses on the cultivation and distribution of cannabis for the recreational market. Among its latest forays, the company manufactures and distributes inhalable items such as flowers, pre-rolls and vaporizers. Its report shared four days ago disclosed that it closed the first quarter of 2022 with a first-quarter net income of $17.6 million.