In the past, we highlighted the top performing cannabis stocks of 2017. Some of which have seen continued success through the first few months of 2018. However, their prices have leveled off with their production.
The key to making money in the stock world is finding value. Many times, this comes from a low priced stock that performs well over a period of time. The Motley Fool picked two stocks that are trending upward; quickly. Their potential for growth in 2018 is skyrocketing with every move the companies make.
Two Pot Stocks Looking at a Big 2018
Namaste Technology is a budding marijuana hardware company based in Toronto, Canada. Marijuana hardware includes vaporizers and other instruments that are used to consume the herb. The company’s hardware is currently featured on over 30 e-commerce sites across 20 countries.
Namaste Technologies is broadening their horizons as they attempt to take advantage of the growing number of countries that are legalizing marijuana for medical and recreational use. For Namaste, the larger the number of legal users, the larger the prospective market is.
One way that Namaste is expanding is by acquiring weaker companies and forming partnerships with stronger companies. One of the companies Namaste Technologies acquired was CannaMart in April 2017. CannaMart is a cannabis distribution company. Namaste Technologies also plans on launching a medical dispensary of their own called Namaste MD in 2018. Further, Namaste Technologies came to an agreement with Aurora Cannabis for the exclusive rights to sell Namaste Vaporizers.
Emerald Health Technologies
If you follow our blog, you know that we highlighted Emerald Health Technologies in our 2017 round up. After a strong year, Emerald Health is poised for an even bigger 2018. The company is planning to take advantage of the expected legalization of recreational cannabis use in Canada.
After a deal with Village Farms International in 2017, Emerald Health now has the potential growing capacity of 5.8 million square feet across Canada. This gives Emerald Health the largest growing capacity of any single company in Canada.
More recently, Emerald Health Technologies has come to terms on a joint venture with DMG Blockchain Solutions. DMG Blockchain Solutions also goes by CannaChain Technologies. The firm is hoping to ease the process managing supply chains as well as managing taxes on all levels of government.
When you invest in a company, you are investing in the long term. While we can not guarantee the success of these companies, we can highlight what they are doing well. If you decide to invest, we wish you the best of luck. At the end of the day, we hope our advice helps you make smart and thought out financial decisions.