3 Penny Stocks That Can Still Double Before the End of 2023
Wednesday, 20 September 2023, 14:05:07
The market year-to-date has been rewarding after the big correction witnessed last year. There are several growth and penny stocks that have bounced back strongly after being decimated last year. While some stocks trade at fair value or are overvalued, there are penny stocks to buy that trade at a valuation gap. This column focuses on the non-speculative penny stocks to buy for 100% returns in the next few months. Of course, the rally depends on a few specific catalysts. If these factors play out, the rally in these penny stocks can be big. I must add that these penny stocks to buy represent companies that are worth holding beyond the initial time horizon of few months. There is a strong case for multi-bagger returns from these stocks in the next 12 to 24 months. Let’s discuss the reasons to be bullish on these penny stocks to buy. Bitfarms (BITF) Source: 0pen / Shutterstock.com Bitfarms (NASDAQ: BITF ) stock is among the penny stocks to buy that can skyrocket in the next few months. Even after the recent correction, BITF stock is higher by 169% year-to-date.
7 Cannabis Stocks to Buy BEFORE the Marijuana Rescheduling Boom
Tuesday, 19 September 2023, 12:45:19
There’s a reason people are looking for cannabis stocks to buy now. It is increasingly likely that marijuana will be rescheduled from a Schedule I controlled substance to a Schedule III controlled substance. Many of the more interesting cannabis stocks to buy now have not provided the returns that investors expected over the last few years. The realities of profitability have met initial enthusiasm. Losses continue to plague the industry. Those losses have been substantial. I would continue to avoid those firms. Rescheduling won’t be enough to affect change. The best cannabis stocks to buy now are the few profitable firms, picks and shovels companies, and established pharmaceutical companies with cannabis revenues. Green Thumb Industries (GTBIF) Source: Jetacom Autofocus / Shutterstock.com Green Thumb Industries (OTCMKTS: GTBIF ) has found profitability, which makes it one of the safer cannabis stocks to buy now. The company reported $13 million in net income on $252 million in sales.
Cronos Group Inc. (NASDAQ: CRON)’s Potential for Significant Price Increase in the Near Future
Monday, 18 September 2023, 18:00:00
In the latest trading session, 0.8 million Cronos Group Inc. (NASDAQ:CRON) shares changed hands as the company’s beta touched 1.39. With the company’s most recent per share price at $2.36 changed hands at -$0.03 or -1.31% at last look, the market valuation stands at $1.27B. CRON’s current price is a discount, trading about -53.39% off … Cronos Group Inc. (NASDAQ: CRON)’s Potential for Significant Price Increase in the Near Future Read More »
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Cronos Group Inc. (CRON) launches leading medical brand PEACE NATURALS® in Germany
Monday, 18 September 2023, 14:53:09
Cronos launches leading medical brand PEACE NATURALS® in Germany Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announced today that it shipped its first order of bulk cannabis, which will be sold under the PEACE NATURALS® brand in Germany. In July, Cronos signed a distribution agreement with Cansativa Group (“Cansativa”), one of the leading distributors of medical cannabis in Germany. Cansativa is a market leader in the medical cannabis market and is a driving force in the German cannabis industry. Cansativa has a network of approximately 2,000 pharmacies domestically; they currently supply around 300,000 patients in Germany’s medical market. “Re-entering the German market, which has about 83 million people, is a significant milestone for Cronos and we look forward to expanding our reach and brand awareness in Germany with the help of Cansativa,” said Mike Gorenstein, Chairman, President, and CEO, Cronos. “We intend to establish our PEACE NATURALS® brand as a top medical brand, similar to the brand’s reputation in Israel.
— Marijuana Stocks
Cannabis firm Cronos launches medical brand PEACE NATURALS in Germany
Monday, 18 September 2023, 13:45:34
Cronos Group (CRON) Monday said it had shipped its first order of bulk cannabis, which will be sold under the PEACE NATURALS brand in Germany.In July, Cronos signed a…
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