canadian pot stock to watch

Canadian marijuana stocks have been leading the pack for quite some time now. With so many investors watching this key side of the market, many have wondered which companies are truly destined for a bright potential future. 

This question, however, is more or less unanswerable as it is still very much too early to tell. Some key factors have been outlined as guidelines for seeing which companies to take a closer look at. The most important factor for choosing a marijuana stock to watch is always to do the proper research. With this in mind, you can’t go wrong.

Top Canadian Pot Stocks To Watch

Tilray (TLRY)
Market Cap: $2.9 Billion

Tilray (TLRY Stock Report) is arguably one of the largest marijuana stocks in the world. The company has made quite a name for itself as Tilray has continued to invest in and produce cannabis. The company most recently announced its acquisition of Manitoba Harvest for around $318 million. 

pot stocks to buy Tilray (TLRY)

This was clearly a play to move into the hemp-based product market. Hemp has become extremely popular in the past few years with the addition of new and changing legislation. With so much shifting on the table for Tilray, they definitely remain a key pot stock to watch. 

ARE POT STOCK ETFs A BETTER BUY RIGHT NOW [2019]?

Canopy Growth (CGC)
Market Cap: $9.4 Billion

Canopy Growth (CGC Stock Report) is another one of the large Canadian marijuana stocks to watch. The company has worked for rapid expansion in the past few years which it has done with an influx of capital. Most notably, the company recently announced that it has intentions to acquire Acreage Holdings for over $3 billion.

penny stocks to buy Canopy Growth (CGC)

The acquisition however, cannot be completed until the U.S. chooses to legalize cannabis. Regardless, its status as one of the largest pot stocks in the market makes them a cannabis stock to watch during the second half of 2019.

ARE POT STOCK ETFs A BETTER BUY RIGHT NOW [2019]?

Cronos Group (CRON)
Market Cap: $4 Billion

Cronos Group (CRON Stock Report) completes the list of Canadian marijuana stocks to watch. The company has been working heavily in both the U.S. and Canadian marijuana markets. Recently, it announced that Cronos would be acquiring four subsidiaries from Redwood Holding group worth around $300 million. 

This seems to be yet another play to move deeper into the CBD market for the company. CBD and hemp as mentioned above are some of the largest sectors for growth in the cannabis stock market. All in all, Cronos Group continues to illustrate its commitment to the future of the pot stock market. 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Will These Pot Stocks Uplist To The Big Boards?

The holy grail for pot stocks has been uplisting onto large U.S.…

Two Pot Stocks to Watch While The Market Attempts To Bounce Back 

Issues surrounding the coronavirus have caused panic among pot stock investors. But,…

Two Pot Stocks That Deserve More Attention

Opportunity for pot stocks is everywhere. Well, most investors pay attention to…