Stock IPOs are one of Wall Street’s most exciting events. When shares of a company begin trading on the stock exchange, investors get their first shot to invest in an exciting, young company. These early investments can also turn out to be very profitable. That is particularly true for the cannabis industry.
Although there is plenty of risk in cannabis stock IPOs, many have turned into profit gushers in the last few years.
One example is Cresco Labs (CL, CRLBF). Cresco is one of the largest cannabis companies in the U.S. This stock is a direct play on Illinois legalizing recreational cannabis. Since going public on the Canadian Securities Exchange in December, shares have almost doubled.
New Cannabis IPOs Hitting The Street
Two new cannabis IPOs just began trading this week. That means that investors can now buy shares in these companies and do so ahead of the curve.
One is a play on California’s high-growth cannabis market. Continue reading "2 Red Hot Cannabis Stock IPOs To Play"