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If you're looking for the top marijuana penny stocks to watch in October 2017, then check out our list of the biggest gainers in September. One of these marijuana stocks has seen a 200% return, meaning it's tripled in value so far this month.
After the list, we'll show you how you can make money from Canada's "bombshell" pot legalization set to hit in 2018 – a move that could grow sales by 400% through 2021…
|Marijuana Penny Stock||Share Price||September 2017 Return|
|Vapir Enterprises Inc.|
|Novo Integrated Sciences Inc.|
|Diego Pellicer Worldwide Inc.|
|Zynerba Pharmaceuticals Inc.|
|Lexaria Bioscience Corp.|
|UMF Group Inc.|
BREAKING: New Legislation Could Turn Tiny Pot Stocks into Millions. Click Here…
The top marijuana penny stock on our list is Vapir Enterprises Inc., which develops vaporizers used for both aromatherapy and smoking cannabis oil. Shares of VAPI stock have soared 200%, from just $0.01 per share at the Aug. 31 close to $0.03 today (Thursday, Sept. 28).
Although no major news has sparked Vapir's 200% rally in September, the stock saw spikes in trading volume on Sept. 11, Sept. 12, and Sept. 18. Those days saw volumes of 229,595 shares, 135,560 shares, and 119,785 shares, respectively. According to data from MarketWatch, those were extremely high compared to VAPI's average volume of 41,500 shares over the last two months (65 days).
These upticks in trading volume from buyers – which boost the stock price – are common when it comes to pot stocks like Vapir, since they're traded on over-the-counter (OTC) markets. These aren't as heavily regulated as the Nasdaq or New York Stock Exchange (NYSE), which are monitored by the SEC. Stocks trading on unregulated exchanges move more on speculation than news, which is why they see often random surges in volume.
While VAPI's 200% gain might tempt you to buy in now, we don't recommend investing in it or any other top marijuana penny stock on the list. Since they've already seen double- and triple-digit returns, they may have run out of momentum and start to dip from here.
Money Morning Director of Technology & Venture Capital Research – and marijuana investing expert – Michael A. Robinson wants to position you for future gains. That's why right now he's looking ahead to Canada's highly anticipated cannabis legalization set for July 1, 2018.
In his newest time-sensitive briefing, he shares the most important info regarding this groundbreaking Canadian legislation. Plus, he'll also show investors who can tolerate some risk how they can make money from Canada's legislation with five tiny cannabis stocks.
Here's how to receive Michael's urgent briefing before these five pot stocks surge from Canada's legalization, which could increase cannabis sales by 400% in four years…