Happy 2020! I've had my eye on a few stocks since last year, and while a lot of people have been absolutely burned by weedstocks in the past few years (I have, just a little bit as well), I still feel like this is may be a good time to enter cautiously. While weed stocks are naturally very violatile, I can see it becoming more and more valuable in the next 10 years. These are not stocks for the faint of heart - if you are going to jump ship when you see a little red in your account, I do NOT recommend weed stocks. Buy and hold - thus the importance of doing due diligence and believing in the companies that you do. I have done my research but I encourage you to do so as well. Disclaimer, some of the stocks below I personally have a stake in or plan to purchase some in the near future. The stocks I already have shares in I will put an * next to it.
APHA & APHA.TO*
Aphria, aphria, every redditor's snowflake stock. It's been steadily increasing in marketshare and taking over in the marketplace. Well, I'm a redditor and I do see a great future in Aphira and can't believe how undervalued it is. It is a quiet giant that has been making smart moves when other companies have been playin' around. Although as someone who is enviornmentally conscious, I'm really not happy with the non-reusable vapes, they do have plans to roll out cartridges in the future. On the other hand their products seem to be very popular so I am going to keep an eye on the next earnings call on Jan 14, 2020. I expect great things.
EVE.V*
Eve Cannabis caught my eye and is the first penny stock I've ever purchased. Eve caters to women, has a women CEO and just got a massive permit for manufacturing. I think it has a lot of potential and I feel that they will be very popular amongst women - they plan to have products such as wine and bath bombs. Love that!
GTI
All the talk about Illinois is no joke, lots of money to be made there. Green thumb industries has a promising future. They have a lot of licenses and they operate under the dispensary RISE in the U.S. a strong contender to dominate the industry. I see a bright future with this one as well.
What are your thoughts? Are you looking to buy into weed stocks 2020? Please let me know what you think!
VH
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