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Five cannabis stocks under $10 you need to buy
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Loading...Many top cannabis - Canadian-based stocks are still unnoticed by Wall Street. However, this is starting to change as more and more analysts are beginning to look into this sector. Not only have they begun to watch it, but also buy buy-ins for some of the hottest companies.
The cannabis industry is now starting to look like the technology sector before the dot com in the mid - 1990s. It is quite possible that some of these companies will disappear over the next ten years. But it's also very likely that some of the top companies will bring huge revenue to their investors.
Aurora Cannabis
The company has made a number of takeovers to grow and develop all of its business lines. Thus, the company gained top spot in the industry for the first quarter of the year. Aurora Cannabis (NYSE: ACB) manufactures and distributes medicinal products from cannabis. It is vertically and horizontally diversified into a number of activities and segments to optimally harness the potential of cannabis. Their products contain dry cannabis and cannabis oil. CanniMed vegan capsules and herbal products, as well as evaporators and cannabis herbal processing equipment. Jefferies rated them with a buy-in rating as well as a $ 11.36 price target.
CannTrust
CannTrust Holdings (NYSE: CTST) manufactures and distributes cannabis pharmaceuticals and medications in Canada. Sell dried cannabis and cannabis oil extract to customers who have proven their medical records. The company works in partnership with Gold Coast University Hospital.
The company also focuses on nanotechnology to create new products in the fields of medicine, cosmetics, healthcare and the pet sector.
Merrill Lynch has recently begun to monitor the company by assigning a buy-in rating of $ 11.
Hexo
This is another popular company in the cannabis sector. Hexo Corp (NYSE: HEXO) is a highly diversified company that develops a diverse portfolio of cannabis products. The company is based in Quebec, Canada, being a preferred supplier for the region of this type of product. The company also makes national deliveries, with plans to do international ones.
Hexo works in partnership with Fortune 500 companies, contributing to the value of their products, developing new technology in the field, infrastructure, and offering consulting services for already established companies but not yet in the sector.
Merrill Lynch follows Hexo with a buy-in rating and a $ 10 price target.
New Age Beverages
This industry also applies to established beverage companies. New Age Beverages (NASDAQ: NBEV) is a company involved in the development, marketing, sales and distribution of beverages that are ready for direct consumption. The company's portfolio includes Coco Libre, Xing Tea, Xing Energy, Aspen Pure, Bucha Live Kombucha, Mellow Mood and One Drop.
In 2018, the company launched the Noni + Collagen product and announced that for the first two months of sales it generated $ 4 million profit. And as of January 2019, New Age is licensed to sell beverages with cannabis extract.
Alliance Global has placed them a buy rating with a $ 8 Target Target. Wall Street analysts even put even a higher target of $ 8.85.
Green Organic Dutchman
More aggressive investors may want to take a look at this company. This is a Canadian-based company that engages in research and development of cannabis production. It produces organic cannabis products, including organic dried cannabis, cannabis cannabis and cannabis oils, as well as fresh seeds used in medicine.
In June 2018, the company held a 49.18% stake in Epican, a leading manufacturer of cannabis products in Jamaica. It carries out the whole process from cultivation to collection and production.
Jefferies with a buy-in rating for the company and a $ 4.64 price target.
Photo: Flickr
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