Investing

8 Pot Stocks Expected To Double This Year

Missouri-based brokerage and investment bank Stifel, along with its newly-acquired Canadian affiliate GMP Capital, is calling a loud ‘Buy’ on a range of cannabis stocks that its analysts think can stand apart and deliver major gains by taking advantage of their financial position and competitive edge in 2020…

First, let’s take a look at which companies Stifel thinks will do well in the U.S. marketplace: (Prices are in CDN Dollars)

  1. TerrAscend (CSE:TER) (OTCQX:TRSSF)
    • Rating: BUY
    • Price Target: $9.00
    • Today’s Price: $3.16
    • Implied Upside: +184.81%
  2. Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF).
    • Rating: BUY
    • Price Target: $24.00
    • Today’s Price: $8.64
    • Implied Upside: 177.8%
  3. Cresco Labs (CSE:CL) (OTCQX:CRLBF)
    • Rating: BUY
    • Price Target: $20.00
    • Today’s Price: $7.24
    • Implied Upside: +176.2%
  4. Green Thumb Industries (CSE:GTII) (OTCQX:GTBIF)
    • Rating: BUY
    • Price Target: $32.00
    • Today’s Price: $11.25
    • Implied Upside: +184.4%
  5. Trulieve Cannabis (CSE:TRUL) (OTCQX:TCNNF)
    • Rating: BUY
    • Price Target: $32.00
    • Today’s Price: $13.55
    • Implied Upside: +136.2%
  6. iAnthus Holdings (CSE:IAN) (OTCQX:ITHUF)
    • Rating: BUY
    • Price Target: $5.00
    • Today’s Price: $1.76
    • Implied Upside: +184.1%
  7. Harvest Health (CSE:HARV) (OTCQX: HRVSF)
    • Rating: BUY
    • Price Target: $7.50
    • Today’s Price: $3.45
    • Implied Upside: +117.4%

…In Canada, Stifel’s favorite is:

  •  Fire & Flower Holdings Corp. (TSX:FAF) (OTCPK:FFLWF)
    • Rating: BUY
    • Price Target: $2.25
    • Today’s Price: $0.87
    • Implied Upside: +158.6%.
Editor’s Note:  The above excerpts from the original article  have been edited ([ ]) and abridged (…) for the sake of clarity and brevity.  The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.  Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

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Source: munknee.com

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