The agreement between Amyris and LAVVAN, Inc., a newly-formed company backed by leaders across the pharmaceutical, cannabis, and financial sectors, intends to bring the first fermentation-derived cannabinoid products to market.
List of the most popular penny and large cap marijuana stocks
33 states legalized medical marijuana & 11 approved adult recreation
* We are not affiliated with nor endorse any of the companies on the lists below and nothing on this site constitutes a recommendation to buy or sell. Which ones are our favorites from this list? The one’s with Bullish CHARTS!! Join our community and get analysis of pot stocks weekly when they are running and get in on our stock alerts!
Looking for a list of marijuana penny pot stocks to watch in 2021? We give a list of the most popular potstocks and teach how to trade them. The world of legalization of medical marijuana has changed everything for marijuana penny stocks! With all of the legislative changes in the last 5 years, its important to check out and stay on top of the top penny stocks.
Like any other stock, you can buy potstocks through a stockbroker. And, that includes those listed on the major exchanges and in other places like OTC markets. However, investors need to take caution. There is another way to buy penny stocks, and that is through the over-the-counter or OTC market. Check out our best brokerage firms list.
12-Month Trailing P/S Ratio: 1.5
The company reported fiscal first-quarter 2021 revenue of $44.1 million up 91% from the prior year. Marking, Fire & Flowers fourth consecutive quarter of positive adjusted EBITDA with $2.3 million. The company’s Hifyre digital retail platform generated $2.8 million in Fiscal Q1 an increase of 252% year over year. Fire & Flower sustained a net loss of $61.6 million in the first quarter. In June the company announced a strategic supply agreement to expand its Humbles portfolio to Fire and Flower customers online and in-store throughout North America.
One area that investors are keeping a close eye on in August is marijuana penny stocks. For those not familiar with penny stocks these are any stocks trading under the $5 mark. This area of the market is known to be high-risk substantial price fluctuations. Most investors prefer to use short-term trading methods with cannabis penny stocks.
Primarily day trading and swing trading are more commonly used by investors to produce returns. In the first quarter top, marijuana penny stocks saw significant upside until almost mid-February. Now after several months of pullbacks and consolidation these penny pot stocks could be primed for gains in the market.
Top Marijuana Penny Stocks To Watch
As an investor, it’s always important to do your due diligence on a cannabis stock before investing. Observing how a penny stock performs in the market and researching a company’s earnings may help you make the best investments. In 2021 many investors and analysts believe some form of federal cannabis reform and marijuana legalization has a good chance of advancing through Congress. Since the presidential election, the possibility of ending cannabis prohibition has increased significantly.
Are you looking for the top marijuana stocks for your list in August? In July the best cannabis stocks to invest in have seen significant market volatility. Going Into earnings the cannabis sector has experienced declines in the past several months. On the last day of July, most top pot stock is in the red strong earnings could usher in some upside next month for the cannabis sector.
Fire & Flower Holdings Corp. is a leading adult-use cannabis retailer with more than 85 corporate-owned stores in its network. Primarily, the company’s wholly-owned technology development subsidiary, Hifyre Inc., continues advancing its retail operations model while providing additional independent high-margin revenue streams. The company has also been developing international expansion into new markets. Recently, Fire & Flower entered the U.S. cannabis market through a strategic licensing partnership with American Acres. The licensing partnership and acquisition option with American Acres gives Fire & Flower entry into the California, Arizona, and Nevada cannabis markets. In addition, Fire & Flower subsidiary Hifyre entered into a strategic agreement with leading U.S. analytics company BDSA.
At the present time, MedMen Enterprises Inc. is a cannabis retailer with locations in California, Nevada, Illinois, and Florida. The company has an extensive selection of high-quality products, including MedMen-owned brands LuxLyte, and MedMen Red. In its third-quarter fiscal 2021 results, the company saw net revenue of $31.7 million up 2.8% from the previous quarter. In addition, MedMen delivered total revenue across operations of $37.8 million an increase of $8.2% sequentially.
Here are the top three marijuana penny stocks with the best value, the fastest growth, and the most momentum.
To begin with, cannabis stocks face higher-than-normal risk and volatility due to a long list of factors. Many publicly traded cannabis companies are young, unproven enterprises that face a complicated, fast-changing market that includes different laws across many local, state and regional jurisdictions. Also, cannabis use is still illegal at the U.S. federal level. The challenges are particularly great for marijuana penny stocks, and investors should be especially cautious and perform more than their usual due diligence when investing in these companies. Some up-and-coming names in the marijuana penny stock category include High Tide Inc. (HITI.V) and Vireo Health International Inc. (VREOF).
Medical and recreational cannabis use has been legalized in a growing number of U.S. states and on a national level in Canada, fueling a burgeoning legal cannabis industry in recent years. Cannabis stocks are now a prime focus for investors seeking potentially explosive sales and stock growth. But there are certain considerations associated with marijuana stocks that investors should keep in mind.
Best Value Marijuana Penny Stocks
Marijuana stocks, represented by the ETFMG Alternative Harvest ETF (MJ), have solidly outperformed the broader market. MJ has provided a total return of 61.1% over the past 12 months, ahead of the Russell 1000’s total return of 43.2%. Note that MJ targets a broad assortment of cannabis industry stocks, including penny stocks. These market performance numbers and all statistics in the tables below are as of July 2, 2021.
These are the marijuana penny stocks with the lowest 12-month trailing price-to-sales (P/S) ratio. For companies in early stages of development or industries suffering from major shocks, this can be substituted as a rough measure of a business’s value. A business with higher sales could eventually produce more profit when it achieves, or returns to, profitability. The price-to-sales ratio shows how much you’re paying for the stock for each dollar of sales generated.
These are the marijuana penny stocks with the highest year-over-year (YOY) sales growth for the most recent quarter. Rising sales can help investors identify companies that are able to grow revenue through organic or new ways, as well as find growing companies that have not yet reached profitability. In addition, earnings per share can be significantly influenced by accounting factors that may not reflect the overall strength of the business. However, sales growth can also be potentially misleading about the strength of a business, because growing sales on money-losing businesses can be harmful if the company has no plan to reach profitability.
These are the marijuana penny stocks that had the highest total return over the last 12 months.