This Marijuana Stock to Watch Has Absolute Breakout Potential

Not all cannabis stocks are winners. However, our pick for the top marijuana stock to watch right now has the potential for a major breakout.

Cannabis is unquestionably one of the hottest sectors in the economy right now. But that also means many companies are trying to cash in and make a quick buck based on hype alone. This is a recipe for losing money if you're an investor.

Instead, investing in companies with the right business model, leadership, and growth prospects will help you grow your money as this sector catches fire.

That could happen in a hurry when the U.S. cannabis prohibition ends.

And our top cannabis stock to watch right now could be one of the biggest winners when it does...

This Marijuana Stock to Watch Is Poised for a Breakout

Our pot stock to watch is Neptune Wellness Solutions Inc. (NASDAQ: NEPT).

This is a Quebec-based health and wellness company that focuses on the development and sale of various science-based products.

THREE STATES just legalized marijuana, and these three stocks could potentially see a 1,000% boost. Click here to learn more...

Money Morning first took a look at Neptune at the end of 2018, and it was much different than the picture we see today. Last year, we saw a company that had been in business for 20 years that was still having trouble turning a profit.

The company specializes in nutraceutical oils derived from marine animals, such as krill and cod. Extraction is its core competency, but it provides this service primarily as a third-party, with few branded products of its own.

In the past five years, the company has only raised about $76.6 million in proceeds from inventory sales, the sale of intellectual property, and equity offerings. It hasn't had many profitable years, but it began to re-focus its efforts in 2018.

Neptune started focusing its extraction expertise on the cannabis sector last year, producing extracts made from marijuana. While it was off to a slow start, the growth so far this year has been anything but tortoise-like.

Since the beginning of 2019, the NEPT share price has soared 123%, and it has gone up nearly 40% since July 9.

These are fantastic gains for what has become a hot weed stock, but they are only the beginning. Now that the company has announced a major leadership shake-up and some new deals with big players in the marijuana industry, this stock is positioned to skyrocket in the coming months.

Here's how high it could go...

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Why This Cannabis Company Should Be on Your Watch List

Neptune's board just announced that Michael Cammarata will be the company's new head, a replacement for CEO Jim Hamilton.

Michael was a co-founder of Schmidt's Naturals, which was eventually acquired by Unilever NV (NYSE: UN). He has also been a longtime leader in the wellness industry who is expected to spearhead several new developments and acquisitions for Neptune.

Health Canada recently provided the company with amendments to expand its production capacity to 200,000 kg, completing the second phase installation of its ethanol-based extraction system.

It also has an agreement to acquire Sugarleaf Labs LLC for $18 million by the end of July. This is a North Carolina-based hemp processor, so this deal allows Neptune to expand its operations to the United States.

Neptune also has an expanding list of stable clients that will add to its bottom-line results.

These include major contracts with Tilray Inc. (NASDAQ: TLRY), Canopy Growth Corp. (NYSE: CGC), and Green Organic Dutchman Holdings Ltd. (OTCMKTS: TGODF). These agreements amount to a total of more than 500,000 kg of cannabis, much of which is earmarked for CBD extracts and other products.

Genuine corporate turnarounds aren't easy, and they aren't something you see every day - even though we gave you a list of some famous companies that have turned the tide.

However, Neptune is a company that has shifted its focus and made fundamental changes in its business that are going to continue providing catalysts for explosive growth.

Wall Street analysts are already projecting Neptune could surge 50% higher in the next 12 months. And that's just the start.

These 3 Stocks Are the Key to 2019's Greatest Profits

The 2018 midterm election was a turning point for the cannabis industry.

We expect nothing short of historic profits by the end of the year.

But not all pot stocks will hand you life-changing wins. In fact, often the companies making headlines are least likely to see the biggest gains.

These three stocks, on the other hand, are flying under the radar... for now. Each of them could see exponential stock price acceleration at any moment, and if you get in before that happens, you could turn a token stake into a lifetime of wealth.

I don't know of any other sector providing anywhere near this level of growth now.

Click here to learn more.

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