After a huge run higher in 2016 and 2017 – cannabis stocks are in a bear market. That is creating an opportunity for new investors to enter the sector while shares of early industry leaders are trading well below the 52-week high. Here are three small cap cannabis stocks trading up to 60% below the 52-week high – from the Potnetwork. Enjoy!
Small-cap weed stocks give individual cannabis stock investors a decided advantage over institutional behemoths looking to flood the market. As volatile as the pot stock market has been of late, small-cap options offer investors an opportunity to fund long-term growth while grabbing a significant share of their preferred company.
With the focus on cannabis’ significant players like Aurora Cannabis (TSX:ACB), Canopy Growth (TSX:WEED), and Aphria Inc. (TSX:APH), it can be easy for investors to feel lost in the shuffle; to feel as if the moment has passed. Here are three small-cap pot stock plays.
With nine acquisitions in the U.S last year alone, including a recent expansion of their foothold in Arizona, MPX Bioceutical Corporation (CSE:MPX) (MPXEF) made clear in a recent investor phone call that the company can be selective with future deals. Furthermore, MPX brass has no interest in ramping up their grow-space square footage, a testosterone-fueled size competition that management rightfully argues has dwindling margins. This small-cap pot stock takes a cerebral view of the marijuana market, going after the much more lucrative capital investments in higher margin extracts.
Based in Ontario, MPX Bioceutical Corporation, with a market cap of $240 million, holds a number of U.S.-based assets. Through wholly owned subsidiaries the company provides operations and oversight assistance to two medical cannabis brands in Arizona, Health for Life dispensaries and Melting Point Extracts. They also hold assets in Ontario, Maryland, Massachusetts, and most notably Nevada, home to GreenMart of Nevada NLV, LLC a licensed cultivation, production, and wholesale business.
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Disclaimer: This report is for entertainment purposes only. Every investor should consult with an investment advisor before making investment decisions. The Vodicka Group, Inc. is not a broker/dealer. We do not receive compensation for mentioning stocks. At various times, the clients, publishers and employees of Vodicka Group, Inc., may buy or sell the securities discussed for purposes of investment or trading. Michael Vodicka owns shares of Canopy and Aurora.