CytoDyn Inc. (OTCMKTS: CYDY) just released stunning numbers which takes the company down one of two roads. The first road is a quick review by the FDA...
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.
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.
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.
AXIM Biotechnologies’ (AXIM) Partner Empowered Diagnostics Files Emergency Use Authorization With FDA for Its...
AXIM Biotechnologies’ (AXIM) Partner Empowered Diagnostics Files Emergency Use Authorization With FDA for Its Rapid COVID-19 Neutralizing Antibody Test
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.
Halberd Corporation (HALB) Completes Compilation of Medical Articles in Support of Nutraceuticals in Their...
Halberd Corporation (HALB) Completes Compilation of Medical Articles in Support of Nutraceuticals in Their VITA-SHIELD-MAX Immune Booster
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.
Companies like Village Farms International (NASDAQ:VFF), a greenhouse agriculture giant, and real estate developer Innovative Industrial Properties Inc. (NYSE:IIPR) are expanding into the industry as well. Similarly, not all companies focus on the psychoactive plant that is the primary focus of legalization - companies like Charlotte’s Web (OTCMKTS:CWBHF) focus on non-psychoactive, therapeutic products that have also seen growing interest.
Among the companies mentioned by the author were Cresco Labs (OTC:CRLBF), who currently operates in 9 states and is positioned to enter additional markets with strategic acquisitions later this year. The writer notes another multi-state operator that currently operates in 12 states - Green Thumb Industries (OTC:GTBIF), which also has an eye toward new markets and partnerships. Finally, the author notes Jushi Holdings (OTC:JUSHF), which currently operates 16 retail locations across 4 states.