I was hoping Travis (or a subscriber!) would cover this one and tell us what the 3 marijuana stocks are:
1. Marijuana Stock #1
In just six years, this company has built the top-selling line of hemp-based CBD oil products.
Through a network of over 2,200 retail locations in the U.S., this company sells over 50 different SKUs of branded CBD products.
The company hit revenue of $48 million in 2018 — double the revenue in 2017. Net income is a whopping $10 million last year!
2. Marijuana Stock #2
This company operates adult-use pot dispensaries in six states.
It has entered into agreements to buy a licensed cannabis producer in Pennsylvania and two other companies that operate medical marijuana dispensaries in Illinois.
The company has invested $30 million in a vertically integrated producer of hemp CBD oil.
And in March 2019 it became the exclusive distributer of a popular device people use to “consume” pot without smoking it!
3. Marijuana Stock #3
It has just become the largest third-party cannabis extraction company in Canada with the capacity to produce over 500,000 pounds of pot annually!
In April 2019 the company announced it had raised $32 million through a bought-deal to finance its expansion.
While revenue for the company came in at around $40 million in 2018, average consensus estimates from the analysts following the company forecast revenue of $130 million a year by 2021.
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