What Are the Top Explosive Cannabis Stocks?

What Are the Top Explosive Cannabis Stocks?

Cannabis stocks have been on the rise in recent years, with the legalization of recreational marijuana in Canada and several U.S. states. As the industry continues to grow, investors are looking for the top explosivecannabis stocksto add to their portfolios. In this article, we will explore some of the best cannabis stocks to invest in.

1. Canopy Growth Corp.

Canopy Growth Corp. is one of the largest cannabis companies in the world, with operations in Canada, Europe, and the United States. It has a market capitalization of over $5 billion and is expected to continue to grow as more countries legalize marijuana. The company has partnerships with major beverage and tobacco companies, which could lead to significant growth in the future.

2. Aurora Cannabis Inc.

Aurora Cannabis Inc. is another top cannabis stock to consider. With a market capitalization of over $4 billion, the company has a strong presence in Canada and Europe. It recently acquired MedReleaf Corp., which makes it one of the largest cannabis producers in the world. The company is also exploring partnerships with major beverage companies to develop cannabis-infused drinks.

3. Tilray Inc.

Tilray Inc. is a Canadian cannabis company that has been making headlines recently. The company became the first cannabis producer to go public on a major U.S. stock exchange in July 2018. It has a market capitalization of over $2 billion and is expected to continue to grow as more states legalize marijuana in the U.S. The company has partnerships with major pharmaceutical companies, which could lead to significant growth in themedical marijuana market.

Investment Strategies

Investing in cannabis stocks can be risky, but it can also be highly profitable. It is important to do your research and choose companies that have strong fundamentals and a solid growth strategy. One strategy is to invest in a diversified portfolio of cannabis stocks to spread out the risk. Another strategy is to invest in companies that havepartnerships with major playersin other industries, such as beverage or pharmaceutical companies, which could lead to significant growth in the future.

Investment Stories

One investor who has seen great success in the cannabis industry is Brendan Kennedy, CEO of Tilray Inc. Kennedy was an early investor in the industry and started Tilray in 2013. The company has since gone public and has seen significant growth. Kennedy believes that the industry will continue to grow as more countries legalize marijuana and more people turn to cannabis for medical and recreational purposes.

Conclusion

The cannabis industry is rapidly growing and presents investors with many opportunities. Canopy Growth Corp., Aurora Cannabis Inc., and Tilray Inc. are some of the top explosive cannabis stocks to consider. However, it is important to do your research and choose companies that have strong fundamentals and a solid growth strategy. Investing in a diversified portfolio of cannabis stocks and looking for companies with partnerships in other industries can also help to spread out the risk and increase the potential for growth.