Last week, The Motley Fool published an article discussing cannabis stocks that have the potential to grow, even double, your recent stimulus payment.
The writer notes that investors who are more risk-tolerant may find significant gains by investing in select cannabis stocks. Specifically, the article calls out one Canadian and one American cannabis company that may see growth soon. These include Village Farms (NASDAQ:VFF), which the writer notes as having serious potential by way of its 100% ownership of low-cost greenhouse, Pure Sunfarms, along with strong reported results from their recently reported fourth quarter. The author also recommends looking into Trulieve (OTCMKTS:TCNNF), a Florida-based company continuing to grow into more states.
The writer could have also mentioned additional companies with high-growth potential, like CLS Holdings USA, Inc. (OTCQB:CLSH;CSE:CLSH). CLS Holdings USA, Inc. (OTCQB: CLSH; CSE:CLSH) is a vertically integrated cannabis producer and retailer offering a wide variety of cannabis products through two subsidiaries: Oasis Cannabis and City Trees. The Company holds a U.S. Patent for a proprietary extraction and conversion methodology, which delivers products with a higher level of quality and consistency. The Company’s business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting.
Oasis Cannabis has operated a cannabis dispensary in the Las Vegas market since dispensaries first opened in Nevada in 2015 and has been recognized as one of the top marijuana retailers in the state. Its location within walking distance to the Las Vegas Strip and Downtown Las Vegas in combination with its delivery service to residents allows it to efficiently serve both locals and tourists in the Las Vegas area. Accolades for the dispensary include “Best Dispensary for Pot Pros” by Desert Companion Magazine, and the shop has been listed on Thrillist’s “Best Las Vegas Dispensaries” lists, including their “Best Weed Delivery in Las Vegas” during the COVID-19 pandemic. In August 2017, CLS Holdings USA, Inc. (OTCQB:CLSH; CSE:CLSH) commenced wholesale offerings of cannabis in Nevada with the launch of its City Trees brand of cannabis concentrates and cannabis-infused products.
Founded in 2017, City Trees is a Nevada-based cannabis cultivation, production and distribution company. Offering a wide variety of products with consistent results, City Trees award-winning products are available in numerous dispensaries throughout the state of Nevada. City Trees’ current offerings include ethanol extracted distillate-based products including disposable vape pens, cartridges, distillate applicators, and tinctures, along with hydrocarbon extracted craft concentrates. The brand has received numerous awards for its offerings, including two High Times Awards for its Calm 1:1 cartridge and Blue Agave Tincture, and a Las Vegas Cannabis Award for Best Syringe for Jack Herer. City Trees also offers toll processing through its extraction facility, working with brands across the state of Nevada to produce concentrates for numerous partners. In September 2020, City Trees unveiled its rebranded offerings, featuring new design criteria and a reinforcement of its commitment to sustainability. An integral part of its brand identity, City Trees transitioned to recyclable packaging in tandem with its redesign, and has made a significant partnership with the Arbor Day Foundation, wherein each sale of a 1:1 product is accompanied by a donation that will plant a tree. In 2020, this partnership resulted in 115,000 trees planted in the Chattahoochee-Oconee National Forest in Georgia through the combined efforts of 19 companies, including City Trees.
Recently, CLS Holdings USA, Inc. (OTCQB:CLSH; CSE:CLSH) announced its second quarter results for fiscal 2021, which included a 61% increase in revenue over the second fiscal quarter of 2020. This was driven by a 58% increase in year over year quarterly revenue at City Trees, and continued growth in traffic and average transaction totals at Oasis Cannabis.
Following this quarterly update, CLS Holdings USA, Inc. (OTCQB: CLSH; CSE:CLSH) released its monthly results for December 2020. These results showed a 50.2% increase in monthly revenue compared to December 2019, including a 174% increase in year over year monthly revenue from City Trees. With a variety of new products released in February 2021, this division is further solidifying its position as an industry leader in extraction in Nevada.
Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.