3 Cannabis Stocks That Could Be Multibaggers in the Making: April Edition

InvestorPlace04-26

These are the potential multibagger cannabis stocks to buy and hold for the next 24 to 36 months. Curaleaf Holdings (CURLF): Management has indicated that 2024 is likely to be a catalyst year for ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430264062?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-26 18:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430264062","market":"us","top_or_hot":-1,"title":"3 Cannabis Stocks That Could Be Multibaggers in the Making: April Edition","media":"InvestorPlace","content":"<div>\n<p>These are the potential multibagger cannabis stocks to buy and hold for the next 24 to 36 months.\nCuraleaf Holdings (CURLF): Management has indicated that 2024 is likely to be a catalyst year for ...</p>\n\n<a href=\"https://investorplace.com/2024/04/3-cannabis-stocks-that-could-be-multibaggers-in-the-making-april-edition/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Cannabis Stocks That Could Be Multibaggers in the Making: April Edition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Cannabis Stocks That Could Be Multibaggers in the Making: April Edition\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/3-cannabis-stocks-that-could-be-multibaggers-in-the-making-april-edition/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These are the potential multibagger cannabis stocks to buy and hold for the next 24 to 36 months.\nCuraleaf Holdings (CURLF): Management has indicated that 2024 is likely to be a catalyst year for ...</p>\n\n<a href=\"https://investorplace.com/2024/04/3-cannabis-stocks-that-could-be-multibaggers-in-the-making-april-edition/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4547","symbol_name":"WSB热门概念","start_time":0,"source_url":"https://investorplace.com/2024/04/3-cannabis-stocks-that-could-be-multibaggers-in-the-making-april-edition/","article_id":"2430264062","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430264062","pubTimestamp":1714125600,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"These are the potential multibagger cannabis stocks to buy at undervalued levels, as they represent companies poised for stellar growth.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4547":"WSB热门概念","CURLF":"Curaleaf Hldgs Inc.","CRON":"Cronos Group Inc.","BK4007":"制药","TLRY":"Tilray Inc.","BK4557":"大麻股"},"translate_title":"3种正在形成的多袋大麻库存：4月版","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRON":1,"CURLF":1,"TLRY":1},"content_text":"These are the potential multibagger cannabis stocks to buy and hold for the next 24 to 36 months.\nCuraleaf Holdings (CURLF): Management has indicated that 2024 is likely to be a catalyst year for growth.\nCronos Group (CRON): CRON is entering into new geographies and has a strong buffer for organic and acquisition-driven growth.\nTilray Brands (TLRY): Tilray has healthy growth in international cannabis revenues and has established itself as the fifth-largest craft beer brewer in the U.S.\n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nIt’s been a wild journey for cannabis stocks in the last eight years. There have been phases of euphoria that have quickly fizzled out. Initially, it was the burden of cash burn that kept cannabis stocks depressed. This was followed by regulatory headwinds that have dented hopes of stellar growth for the sector. In my view, 2024 is another critical year for potential multibagger cannabis stocks, and there are several reasons to be optimistic.\nFirst, some of the best cannabis companies have curbed cash burn, and with growing sales, margins will likely continue to improve. Further, there seems to be positive news on the regulatory front. Germany recently legalized cannabis, and other European countries could follow suit.\nAdditionally, there are calls for reclassification of cannabis as a Schedule III drug in the United States. With the presidential election around the corner, I also expect discussions related to the federal-level legalization of cannabis. These potential positives are likely to translate into a big rally for cannabis stocks.\nCuraleaf Holdings (CURLF)\nSource: Bigc Studio / Shutterstock.comCuraleaf Holdings (OTCMKTS:CURLF) stock has witnessed a sharp rally of 110% in the last 12 months. In my view, this is just the beginning of a sustained upside backed by industry tailwinds and positive business developments.\nEarlier this week, Curaleaf completed the acquisition of Northern Green Canada. The latter is focused on expanding in the international market through its EU-GMP certification. That will provide Curaleaf with a bigger presence in Europe coupled with inroads into markets like Australia and New Zealand.\nAn important point to note is that Curaleaf reported muted revenue growth last year. However, with aggressive expansion in the European medicinal cannabis market, the company expects 2024 to be a “catalyst year.”\nIt’s, therefore, likely that revenue growth will accelerate in the coming quarters. Even with EBITDA margin remaining stable, Curaleaf is positioned for healthy operating and free cash flows. I must add here that Curaleaf has a strong presence in the United States. Potential federal-level legalization or the reclassification of cannabis as a Schedule III drug are impending catalysts.\nCronos Group (CRON)\nSource: ShutterstockCronos Group (NASDAQ:CRON) is another massively undervalued cannabis stock to buy for multibagger returns. To put things into perspective, a cash buffer of $862 million in the balance sheet is almost equal to the company’s market valuation.\nOf course, that’s not the only reason to be bullish. Business developments have been positive, and a strong cash buffer implies headroom for aggressive organic and acquisition-driven growth.\nAn important point to note is that Cronos has been making inroads into new markets. Last year, the company entered the medicinal cannabis market in Germany and Australia. That came at the right time with Germany legalizing cannabis. Inroads into new markets are likely to ensure that revenue growth accelerates.\nAt the same time, Cronos has guided for positive net change in cash for 2024. The financial flexibility is, therefore, likely to remain high and will support aggressive growth plans of geographic and product portfolio expansion.\nTilray Brands (TLRY)\nSource: Lori Butcher / Shutterstock.comTilray Brands (NASDAQ:TLRY) is another potential multibagger cannabis stock to buy. It’s worth noting that TLRY stock has remained sideways in the last six months. I expect a breakout on the upside after a consolidation backed by positive financial metrics.\nEarlier this month, Tilray reported results for Q3 2024. The company achieved net revenue of $188 million, which was higher by 30% on a year-on-year basis.\nIt’s worth noting that international cannabis net revenue increased by 44% and the company claims to have a leading market share in Germany. With the recent legalization in the country, Tilray is positioned to accelerate growth in the medicinal and recreational segments.\nLast year, Tilray focused on diversification through acquisitions. The company continues to maintain its position as the fifth-largest craft beer brewer in the United States. That also provides Tilray with a strong strategic infrastructure for expansion once cannabis is legalized at the federal level.\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/3-cannabis-stocks-that-could-be-multibaggers-in-the-making-april-edition/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430264062"}