This has been a game-changing year for the marijuana industry. Last month, Canada became the first industrialized country to legalize recreational weed in the world, and just this past week two more states — Utah and Missouri — legalized cannabis in some capacity. At seemingly every turn, history is being made, and that’s usually a great sign for investors to pay close attention.
With this in mind, we asked three of our pot-stock-focused contributors to name one marijuana stock that they believe you should be eyeing in November. Budding to the top of the list are…
Ontario-based hydroponic grower CannTrust Holdings (NASDAQOTH:CNTTF), niche cannabis distributor Origin House (NASDAQOTH:ORHOF), and potentially the third largest producer throughout all of Canada, Aphria (NYSE:APHA).
Earnings season intrigue has arrived
Sean Williams (CannTrust Holdings): With marijuana stocks moving into the next stages of their development, I believe one of the most intriguing pot stocks to watch in November is going to be CannTrust Holdings.
Ontario-based CannTrust is slated to report its quarterly operating results after the market close on Nov. 14. Although Wall Street has no profit- or loss-specific estimate, four analysts have pegged total sales at nearly $9 million Canadian, which would represent a 91% year-over-year increase. Keep in mind that CannTrust’s operating results will not include any sales since Canada legalized marijuana, although it may include some sales related to stockpiling before dispensary doors opened on Oct. 17.
It’ll be really interesting to see what CannTrust has to say with regard to its profit or loss for the recently ended quarter, as well as moving forward. On one hand, incredible demand should create a scenario where revenue rises quickly. This should, presumably, help minimizing net cash outflow. There’s also the possibility that…
Continue reading at THE MOTLEY FOOL