This Top Canadian Cannabis Stock Has Exploded 1,500% in 2017

Today, we're showing you the top Canadian cannabis stock of 2017 - Amfil Technologies Inc. (OTCMKTS: AMFE). Shares of this firm have rocketed 1,500% so far in 2017.

Here's a complete list of 10 top-performing Canadian marijuana stocks this year. After the list, we'll show you the best way to profit from Canada's 2018 legalization, which could boost sales in the country by 400% in the next four years...

Canadian Cannabis Stock Current Price 2017 Gain (as of Oct. 12)
Amfil Technologies Inc.


$0.16 +1,500%
Newstrike Resources Ltd.


$0.26 +528.1%
Cavan Ventures Inc.


$0.04 +300%
Cronos Group Inc.


$2.52 +149.5%
Isodiol International Inc.


$0.24 +130%
Revive Therapeutics Ltd.


$0.17 +112.5%
CTT Pharmaceutical Holdings Inc.


$0.12 +100%
ABcann Global Corp.


$0.96 +90%
Enertopia Corp.


$0.04 +66.7%
Aphria Inc.


$6.21 +65.2%

Pot Profits: Forget Jeff Sessions! These Five Canadian Pot Stocks Are Set to Skyrocket. Click Here...

Canadian cannabisAmfil Technologies is an Ontario-based company that acquires small businesses across the construction and marijuana industries. The biggest month for the stock was April, when AMFE surged 166.7%, from $0.03 to $0.08, after the firm announced a partnership with a hydroponics manufacturer.

On April 21, Amfil announced it will be teaming up with Roto-Gro World Wide Inc. - which sells hydroponic garden systems to marijuana growers - to develop and distribute the GROzone EcoPr03 Antimicrobial System. This is Amfil's device that kills harmful organisms during the hydroponic growing process, allowing cannabis to grow in water rather than traditional soil.

Amfil's entrance into the high-growth hydroponics industry is largely what's driven AMFE stock higher this year. According to Manifest Mind LLC, the value of all hydroponically grown plants around the world will climb to $24 billion next year. That's up 20.3% from 2015.

While AMFE might be a tempting way to profit from the hydroponics industry, Money Morning Director of Technology and Venture Capital Research - and marijuana expert - Michael A. Robinson has an even better stock.

This company - which began as a lawn and garden company 150 years ago - was one of the first to invest in the potential of hydroponics. In 2015, it purchased a hydroponics firm in what was then the garden company's biggest acquisition in 17 years.

Media outlets considered the acquisition extremely risky, but Michael's recommendation has made investors a killing. According to a Bloomberg report, this firm's revenue just from its hydroponics business is set to grow 300% in the next few years.

Although it's not a penny stock, Michael believes this company could end up being one of the top-performing stocks in the hydroponics industry...

The Best Cannabis Stock to Buy in the Hydroponics Industry

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Michael recommends Scotts Miracle-Gro Co. (NYSE: SMG) as the best way to profit from the growing hydroponics sector.

Scotts Miracle-Gro has long been known for selling a wide variety of garden products. The uses for its line of products have included insect control, lawn fertilization, gardening, and landscaping.

But the company has pushed into the marijuana industry in recent years, particularly in 2015, when it made a big acquisition...

On April 3, 2015, Scotts announced it would acquire General Hydroponics - a leading innovator in the hydroponics field for 40 years - for $130 million. This marked Scotts' largest acquisition since 1998, when it bought European garden company Rhone-Poulenc Jardin for $147.5 million.

Scotts buying General Hydroponics was a way to create a new revenue stream, which could grow as hydroponics becomes more mainstream.

"Scotts CEO Jim Hagedorn sees the purchase as just the first of several moves, all aimed toward the goal of creating a $1 billion yearly business," Michael said. "That's a nice addition for a business that currently generates around $3 billion in sales."

SMG stock also offers a competitive dividend of $0.53 per share (2.14% yield). The company has raised its payout every year since 2010, when it was just $0.13. Most marijuana stocks are unprofitable, meaning they don't pay dividends at all.

But SMG's dividend is even better than big peers Central Garden & Pet Co. (Nasdaq: CENT) and Andersons Inc. (Nasdaq: ANDE). Central Garden doesn't offer a dividend, while Andersons only pays $0.16 per share for a 1.80% yield.

With a strong foothold in the hydroponics sector and a generous dividend, SMG is the best marijuana stock to buy today.

A Pot "Bombshell" Just Hit Canada: For our neighbors to the north, it's shocking news. But it could be the best news of all time for marijuana stock investors. In fact, this single "bombshell" event could unleash a new pot stock boom that will blow the doors off anything we've seen up to this point. And by putting a couple of hundred bucks into a handful of tiny Canadian weed companies, you could pocket life-changing gains - turning a few hundred bucks into a fortune overnight. Watch this now to get all the details...

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