3 High-Reward Penny Stocks for Bold Investors

Saturday, 3 June 2023, 18:06:10
Within the penny stock space, the level of risk on exposure to different stocks varies significantly. Purely speculative penny stocks are the riskiest bet. On the other hand, there are some high-reward penny stocks for investment that represent companies with good fundamentals and the risk is relatively low. In between these two categories are penny stocks that have decent fundamentals. However, they await specific catalysts to play-out for multibagger returns. Without these catalysts, these stocks can remain sideways or trend lower. It goes without saying that the risk is meaningful. I would classify these names as high return penny stocks for bold investors. It makes sense to consider some exposure to these stocks. If the catalysts play-out, 10x returns would not be surprising. It’s a good idea to invest what you can afford to lose in these top penny stocks with potential. Cronos (CRON) Source: Shutterstock Cronos (NASDAQ: CRON ) is a massively undervalued penny stock to buy for bold investors.
— InvestorPlace

Daily Hit: May 31, 2023

Thursday, 1 June 2023, 00:36:10
The Daily Hit is a recap of the top financial news stories for May 31, 2023. On The Site Cronos Exiting U.S. Hemp CBD Market Toronto-based global cannabis company Cronos Group Inc. (Nasdaq: CRON) (TSX: CRON) on Wednesday announced its departure from the United States hemp CBD industry, saying it plans to refocus on the Canadian marijuana market until cannabis is federally legalized in the U.S. Read more here. Skymint to Hit Auction Block with Lender as Stalking Horse Bidder The assets of embattled Michigan marijuana cultivator and retailer Skymint will be auctioned off. After three months under a court-appointed receiver, saving the company under current leadership appears to be not possible, according to a motion filed by Gene Kohut. Read more here. MedMen Trims Losses, But Still a Going Concern Despite its financially precarious position , MedMen Enterprises Inc. (OTCQX: MMNFF) (CSE: MMEN) trimmed its annual losses and opened another store in Illinois this year. Still, the California-based multistate operator is facing major headwinds and remains a going concern, according to its latest quarterly earnings report for its fiscal 2023 third quarter.
— Green Market Report

Cronos Group Inc. to Speak at Bernstein’s 39th Annual Strategic Decisions Conference

Tuesday, 30 May 2023, 19:00:18
TORONTO, May 30, 2023 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), an innovative global cannabinoid company, today announced that Mike Gorenstein, Chairman, President and CEO, will speak at Bernstein’s 39th Annual Strategic Decisions Conference on Thursday, June 1, 2023, at 1:30PM ET. A live webcast will be available on […]
— Financial Post

7 Sad Stocks That Are Waving Big Red Flags

Monday, 29 May 2023, 12:00:13
Is your portfolio waving a red flag? Do you have some stocks that are in peril? Those are what we call red flag stocks. Historically, red flags were used as a visual signal to indicate a warning or danger ahead. Red flags signal dangerous conditions in maritime usage and have been used throughout history by armies to signal a stop because the enemy is ahead. So if you’ve got a red flag stock, there’s some trouble in your portfolio. The market is generally pretty mixed right now, and not every stock is having problems. The tech-heavy Nasdaq composite is up 5% in the last 30 days, and the Dow Jones Industrial Average is down 3%. The S&P 500 is right in the middle, roughly flat over the previous month. While many stocks are benefiting right now from positive analyst revisions following the most recent round of quarterly results, some stocks are also on the other side. They are seeing lower earnings estimates, and their ratings are falling in the Portfolio Grader. That’s how they become red flag stocks.
— InvestorPlace

7 Multi-Bagger Penny Stocks to Buy for Long-Term Investment

Thursday, 25 May 2023, 21:56:25
Penny stocks are generally associated with short term speculative investments. It’s a myth that penny stocks are purely speculative, when, in fact, there are potential multi-baggers out there. Granted, penny stocks do carry a significantly higher risk. It’s why careful screening is essential, which we’ve done here today. This column focuses on some of the top potential multi-bagger penny stocks for long-term investment. This includes sound business models and a decent balance sheet. CRON Cronos $1.80 CURLF Curaleaf $2.71 KGC Kinross Gold $4.64 HL Hecla Mining $5.18 BITF Bitfarms $1.07 BTBT Bit Digital $2.46 SLDP Solid Power $2.08 Cronos (CRON) Source: John Brueske / Shutterstock Cronos (NASDAQ: CRON ) is an undervalued penny stock that’s likely to deliver multi-bagger returns down the road. This view on the cannabis company is supported by strong fundamentals and positive industry tailwinds. In fact, reports indicate that U.S. cannabis sales will hit $71 billion by 2030 even without federal reforms.
— InvestorPlace