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Potstocks

$GRWG is my Top Pick in the Cannabis SpaceSince Q1 2018 through their most recent quarter GrowGeneration has seen quarterly sales grow 10X. As of the writing of this post the stock price is up about 4X over the same time period. They have grown sales by over 100% YoY on each of their last 8 quarterly earnings reports and have recorded bottom line profits in 4 of their last 6 quarters (a rare feat in the cannabis space). Going forward I see no signs of that slowing down. Some catalysts include legalization, earnings, and potential M&A. Legalization measures are on the ballot in New Jersey, Arizona, Mississippi, Montana and South Dakota. The most important of these is NJ where I believe it is likely to pass. This will continue to drive more and more legal production of cannabis. While the growers and distributors can be adversely impacted by fluctuations in prices GrowGeneration never actually touches nor sells the plant. They sell the materials and equipment required for growing cannabis and therefore benefit most from increased production. GRWG is set to report earnings on 11/16/2020 and I expect them to post another stellar quarter. I expect to see the stock price trade up to is previous high at about $22 ahead of the print. If they post another profitable quarter and maintain their impressive sales growth the stock could easily trade up to the $25-$30 range. Longer term the sky is the limit. In my opinion the biggest threat to GRWG is if a large competitor like Home Depot or Lowes tries to compete and sell their own cannabis production supplies. While this is not a threat to be taken lightly, but I believe the more likely outcome would be a partnership considering GrowGeneration has already developed relationships with some of the biggest cannabis growers. Trust is extremely important in the cannabis space making these relationships more valuable than they would be in other sectors. I have followed and owned this stock for a few years and plan to add on any meaningful pullback until or unless the fundamentals change course.
NASDAQ:GRWGLong
by ckornhauser121
7
Potential Massive Double Bottom. (CANN)Looking at major s&r levels on general cannabis Corp otc pennystock. I will throw a couple of shares in the portfolio on a potential support play. Just a buy and hold small diversification and I'll forget about it. If respects levels we could probably get a pop up towards $1 - $1.25 My indicators are not providing a buy signal, just a potential support play. Sometimes you just feel like rolling the dice 🎲🎲 Longterm hold. Diversify! Never go all in, especially OTC Markets!
OTC:CANN
by UnknownUnicorn2319099
1
Looking for a sizable advance in pot stocks - CRBP to outperformFirst I would like to start by saying that we are looking for a major bottom in pot stocks. Corbus Pharmaceuticals is one stock in the weed sector, which is already showing signs of a lasting low in place near 3.30 and overall leading to the upside along with Aurora and Apharia. The first piece of evidence is the upside break of the descending price channel that has contained the entire bear market since late 2016. Prices subsequently retested the upper side of the channel, which then acted as support to the latest drop. This is another positive sign for the bulls. We view this breakout as the early stages of a third-wave advance in Elliott terms. This implies sharply higher prices towards the Fibonacci cluster into the 18-19 area. Likely stopping point for prices in wave ((3)) are marked on the chart with the wave ((1)) high near 11 a major obstacle. Above there confirms the presence of wave ((3)) and adds upside traction. Disclaimer: This is not trading advice! I am merely expressing my opinion, utilizing the Wave Principle as my main tool. You should always do your own research before risking your hard-earned money. The opinion expressed in this post is for educational purposes only!
NASDAQ:CRBPLong
by ivoxpaco