Cannabis IPOs have been red hot in 2018.
Tilray (TLRY), one of the largest cannabis companies operating in Canada and the US, is a great example.
This early industry leader began trading on the US-based NASDAQ exchange on July 20 at $24.20. Today shares are up more than 300%, trading above $100.
These kind of huge gains in a short amount of time are unusual.
However – I see another cannabis IPO ready to go off on Thursday that reminds me a lot of Tilray.
Acreage Holdings (ACRG.U) is set to become the largest cannabis IPO in the history of the US cannabis industry.
Shares started trading on the Canadian Securities Exchange.
Estimates are predicting Acreage could be worth around $4 billion after the IPO – potentially making this the largest IPO in the history of the US cannabis industry.
There are two reasons this should be an exciting cannabis IPO. Continue reading "Record $4 Billion Cannabis IPO Debuts Today"
Canopy Growth Corp (WEED, CGC) has been one of the best performing cannabis stocks in the world.
Shares of the world’s largest cannabis company are up 560% in the last twelve months.
One of the reasons Canopy has been so successful is because of CEO Bruce Linton.
Linton has developed a reputation as one of the best CEOs in the young cannabis industry.
Not only does Linton have a bold vision for Canopy and the entire cannabis industry, he has a proven history of execution.
If you missed out on Canopy’s big run higher don’t worry – I see a new way to invest in Bruce Linton and his success with Canopy. Continue reading "Can Canopy Rivers Copy Canopy's Success?"
Analysis originally distributed on August 3, 2018 By: Michael Vodicka of Cannabis Stock Trades
Game-changing companies don’t come along very often. But when they do, shareholders usually see big gains.
This pattern continues to repeat itself in the stock market.
Netflix (NFLX) is a recent example.
Back in 2007, Netflix introduced a game changer in the home entertainment industry, releasing a new service that enabled customers to stream movies from the internet into their homes.
That innovation led to ridiculous gains for Netflix shareholders that completely crushed the broader stock market.
In just the last six years, Netflix has surged from $7.50 per share to a recent high above $400. That 5,000% return means that a $10,000 investment in Netflix in 2012 would be worth about $500,000 today.
These game changers are rare and hard to find. True game-changing technology doesn’t come around very often.
That’s why I’m excited about a new cannabis stock that reminds me of Netflix in 2007. Continue reading "Sproutly Looking To Revolutionize The Cannabis Beverages Industry"
Analysis originally distributed on May 31, 2018 By: Michael Vodicka of Cannabis Stock Trades
Cannabis IPOs have a proven history of delivering big returns in a short amount of time.
Medreleaf (LEAF) is a great example.
Medreleaf became the largest Canadian cannabis IPO ever in June 2017. Investors were eager to buy and shares quickly began rising.
Less than 12 months later, shares are up 275% from the IPO price.
Today – I see this same cycle repeating itself.
One of the largest US cannabis companies just began trading on the Canadian Stock Exchange – and much like Medreleaf – I am expecting good things. Continue reading "Is This Canadian Cannabis IPO The Next Big Winner"