These three cannabis stocks have great upside to deliver outstanding returns to investors

223 0

Cannabis stocks offer investors a lot of upside

April is about to come to an end, and that means a new opportunity to start a new month on the right foot is coming up. Experts indicate that there are three cannabis multi-state operators (MSO) that are capable of lining the pockets of many.

Investors know that the cannabis market undergoes some changes when a new period in the calendar begins and that’s why they look closely at some of the most relevant stocks in the industry. At this point, the performance of US marijuana stocks does not reflect how outstanding these companies are. However, this should not be discouraging for investors looking to obtain high-growth companies.

Trulieve Cannabis is one of the firms that has gone from being somewhat insignificant to one of the most renowned when it comes to this growing industry. It started as a small medical cannabis company, but now has a presence in 11 states through more than 160 dispensaries. With Florida being its home state, the company focused heavily on that market, especially the medical one. 113 of its dispensaries are located there, giving it an extremely dominant presence.

Another MSO that knows exactly what it is doing is Cresco Labs. The Illinois-based company announced a gigantic merger a while back that will undoubtedly make its growth imminent. Once regulatory approvals are met, the company will acquire all of the issued and outstanding shares of cannabis company Columbia Care. This deal was valued at an estimated enterprise value of $2 billion and if it goes according to plan, it could close before the end of the year.

Green Thumb Industries, an MSO also headquartered in Illinois, is another. This company has been shaping up to be one of the top contenders in the industry, and not surprisingly, it has posted GAAP earnings for six consecutive quarters. The company saw an increase in traffic at the 73 open and operating dispensaries, which has made this growth a reality.