Are you an investor who is looking for what could be the next weed stock to take over the next US state? Or an investor looking for an undervalued cannabis stock to its peers? Or maybe an investor who loves company fundamentals and wants to know the best performing marijuana stock in the latest round of financials? In any case, Charles Taerk, CEO Faircourt Asset Management Inc CEO and Ninepoint Alternative Health Fund portfolio manager, has you covered detailing the cannabis stocks you don’t want to miss.
As the cannabis industry grows and more markets come online through state-level legalization, new companies always provide opportunities for investors. U.S. MSOs have extremely attractive valuations – especially when compared to other growth sectors like tech, trading at significantly higher valuations. In this vein, there are a few noteworthy marijuana companies whose stocks shouldn’t be overlooked from their latest financials and steps towards growth.
The Ninepoint Alternative Health Fund is always up to date with the latest happenings within the cannabis market globally. The fund has a 1-year positive return of 37.42% as of July 30 – a hard task in today’s weed stock climate. The fund has some fundamental theses, including capitalizing on the rise in healthcare expenditures, driven by an ageing global population, pushing consumers to seek cheaper alternatives to treat chronic conditions. In addition, with the legalization of cannabis, the industry is anticipating high growth in medical and recreational use, and accordingly, the funds top 3 funds are: