The following article outlines stocks that are currently under $5/share that have made some significant increases in the last 3 months. While many cannabis stocks have had their ups and downs since the beginning of January these stocks have had a steady climb.
While the stock market can sometimes not be forgiving and quite volatile, I believe these stocks might be worth keeping your eye on and/or possibly worth the investment.
In my last article I outlined more expensive stocks including Chronos, Cannopy, Aphria, Cannimed & Aurora which have stocks that range from roughly $10-$36/share which have undoubtedly provided investors a handsome return even if you invested only 2 month prior.
The stock numbers in this article are in no particular order and based on the date of this articles publication however you can and idea on their upward trends in the last few months in addition to recent increases.
1. Harvest One Cannabis Inc. (HVST)
Harvest One is a company focused on both recreational and medical marijuana. It is one of the few companies globally with the capacity to commercially cultivate and sell medicinal grade marijuana in a federally regulated government.
Currently the lowest priced stock in my list hovering around $1.92. This stock has risen from $0.66 cents in the last 3 months with a 70% increase in just the month of January 2018.
On January 17th this stock was at $1.56 and only 5 days later is at $1.92.
2. Invictus MD (IMH)
Invictus was founded in 2014 and is comitted to providing high-quality medical marijuana. All licensed producers operate under the Access to Cannabis for Medical Purposes Regulations (ACMPR) with over 250 acres of production capacity. Invictus is looking to targeting a yield of 76,000 kgs of cannabis and expanding their facilities to 520,000 square feet in 2019.
This stock has seen a stead climb from $1.28 to $2.35 in the last 3 months.
In the last 5 days this stock has rise from $2.16 to $2.35.
3. Namaste Technologies (N)
Namaste Technologies began as an international cannabis eCommerce company operating 32 sites in 20 countries and offering the largest range of brand name vaporizers and smoking hardware products on the market.
This stock has skyrocketed from only $0.22 cents to $3.39 in the last 3 months and has risen from $2.90 to $3.33 in just the last 5 days.
4. WeedMD (WMD)
WeedMD is a licensed producer of medical marijuana under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) and operates a 26,000 square foot, scaleable, state-of-the-art production facility in Aylmer, Ontario.
This stock has seen an risen from $1.05 to $2.73 in the previous 3 months.
In the last 5 days it has gone increased from $2.50 to $2.74.
5. Emblem Cannabis (EMC)
Emblem Cannabis is a Canadian healthcare and pharmaceutical company founded in 2016. It is led by Big Pharma executives and healthcare executives in a multi-million dollar venture that has uniquely positioned themselves in both the medical and recreational cannabis markets. Their state-of-the-art facility in Paris, Ontario is looking to produce upwards of 16,000 kg of cannabis per year.
Emblem has seen a slow rise in the previous 3 months from $1.69 to $2.30 however as of late it’s jumped roughly 30 cents in the last week. Keep an eye on Emblem cannabis as it does seem like a promising investment.
Honorable Mention – Newstrike Resources Ltd (HIP)
Newstrike is the owner of UP Cannabis located in Brantford, Ontario and intends to develop a diverse network of high quality cannabis brands. It’s currently awaiting a potential acquisition from cannabis giants Cannimed and Aurora which may have a drastic affect on stock prices. This stock received a lot of notoriety when Canadian band the Tragically Hip announced a partnership with the company.
This stock has gone through a roller coaster ride over the last few weeks from as low as $1.12 to $3.20. Today alone this stock has skyrocketed over 50% at one point from an opening $1.56 to a high of $2.20. It’s hard to determine what will happen to Newstrike in the coming weeks. Last week there was talk that Newstrike shareholders would receive 33 shares of Cannimed for every 1000 shares of Newstrike which potentially scared off investors. With recent news involving Aurora the stock went on the upswing.
This stock has surged from $0.34 to $2.19 in the previous 3 months and $1.66 to $2.19 in the last 5 days.
The reason why I haven’t included this stock in the top 5 is simply due to its volatility based on the recent weeks while the others saw a steady climb.
Conclusion
There are no guarantees in any of these stocks as they are calculated predication based on trends alone. As someone said “the stock market giveth and the market taketh”. If you’ve invested in any of these stocks or have any recommendations for stocks in a similar range that you believe are worth investing please leave a comment below.
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