And one cannabis “penny stock” that has caught investors’ attention recently is High Tide , a small Canadian cannabis retail store operator.
It’s more likely the latter than the former.
On the brick-and-mortar side, the company operates about 85 stores across multiple provinces.
The company is growing very quickly, due to both higher sales per store and rapid unit expansion.
Importantly, this growth isn’t coming at the expense of margins.
Because there are already so many cannabis stores in Canada – over 600 stores in both Alberta and Ontario – and the infrastructure is already there, the most logical way consolidation will happen here is through acquisition.
Second, the company has the cash to execute on this strategy.
Instead, the top 2 cannabis stocks to buy today belong to the industry’s growing powerhouse, and its most important technology infrastructure provider.
By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends.
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