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.
Miami, FL – March 25, 2021 (EmergingGrowth.com NewsWire) — EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging...
There couldn’t be a better time for investors to get their foot in the door of cannabis stocks. Although many marijuana stocks have been trading below what they were expected to this month, the industry for cannabis has never been higher.
Meanwhile, the author notes, cannabis stocks including Tilray (NASDAQ:TLRY), Canopy Growth (NASDAQ:CGC), Cronos Group (NASDAQ:CRON), and Aurora Cannabis (NYSE:ACB) had all declined.
Most investors don’t take notice of penny tech stocks. Usually, people focus on the larger stocks within broader markets. However, the penny stocks mentioned in the article are where people should shift their focus towards.
Epazz Holdings (OTC Pink: EPAZ) ZenaTech Patent-Pending Drone Technology Releases Video of Production Version...
The production version prototype will be shipped to Ireland for Beta Testing and demonstration to potential customers in May 2021.
One of the few industries that benefited from the COVID-19 pandemic was the cannabis market. With the rapid increase in recreational use of marijuana due to quarantine plus the push for legalization for cannabis, the cannabis industry has never been hotter.
The writer notes that investors are warming up to ancillary cannabis companies that do not directly cultivate or distribute cannabis products. Among these include AFC Gamma (NASDAQ:AFCG), who announced the pricing of its IPO last week.
It is a realistic possibility that the Dow Jones Industrial Average and the S&P 500 can reach 40,000 and 5,000, respectfully. With the current economic conditions under President Biden, the Dow Jones and S&P 500 have reached record highs.
Looking at three US cannabis companies, the author notes that growth among these companies significantly outpaced the S&P 500. The companies noted include Green Thumb Industries (OTC:GTBIF) and Cresco Labs (OTC:CRLBF), who saw significant growth in their home state of Illinois, and Trulieve Cannabis (OTC:TCNNF), which has a strong foothold in Florida’s medical cannabis industry.