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Stocks: ACBFF, CGC, TLRY, XXII

This Marijuana Penny Stock Could Soar 363%

By Money Morning Staff Reports, Money Morning • October 22, 2018

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Marijuana penny stocks are one of the most popular ways to profit from the booming marijuana industry.

You see, marijuana penny stocks have the kind of explosive growth potential large-cap stocks often can't match.

They also give investors an opportunity to get in on the ground floor in the marijuana industry without breaking the bank.

marijuana penny stocksNow, these benefits don't mean marijuana penny stock investing is risk free. As always, penny stock investors should never invest more than they can afford to lose.

However, we've identified a pot penny stock on the verge of surging more than 300%, which is why you need to see this stock pick before it's too late...

Marijuana Penny Stocks Have Room to Run 

Mainstream marijuana stocks have already locked in tremendous gains this year, and that could be just the beginning as the legalization movement gains momentum.

Marijuana cultivation supplier Canopy Growth Corp. (NYSE: CGC) has risen 132% since January.

In Case You Missed It: Former Speaker of the House John Boehner was once marijuana’s biggest enemy… now he’s advising Americans to go “ALL IN” on cannabis. To see his shocking prediction, click here...

Cannabis start-up Tilray Inc. (NASDAQ: TLRY) jumped an astonishing 631% since this year.

And Aurora Cannabis Inc. (OTCMKTS: ACBFF) is up 173% since August.

These are exciting gains. However, surging share prices have pushed these stocks out of reach for many investors.

And while these are some of the best marijuana stocks available, you're unlikely to get the best value for your investment if you buy these companies today.

This is especially the case when we look at the price-to-sales (PS) ratio of these firms.

The PS ratio reveals the value of a company's sales revenue. PS ratios relative to industry averages can tell us if a company is over- or undervalued.

Canopy Growth, which is valued at $11.4 billion, currently trades at a PS ratio of 132.

And Aurora Cannabis, valued at $9.2 billion, has a PS of 106.

For leading businesses in the marijuana sector, these PS ratios are incredibly high.

For comparison, our top marijuana penny stock to watch right now only has a PS ratio of 14.34, indicating the company is undervalued and has plenty of room to grow.

It's currently trading for just over $2 a share.

And it could surge over 300% this year alone...

Our Top Marijuana Penny Stock to Watch Today

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

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Constant Asabia
Constant Asabia
4 years ago

The information I got here seem helpful. I'll love to subscribe to get more updates.

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