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  Marijuana/Cannabis Stocks: Analysts Say These 5 Companies Have the Potential to More Than Double in Price This Year  
  Lorimer Wilson on 2018-03-25 13:55:46.0
 
 

…To take advantage…[of] another potential upswing in the market, we have selected five cannabis companies, which analysts believe are undervalued. The Canadian marijuana stocks on our list today currently have 100% upside on average according to analysts, indicating that these stocks could post strong returns in the near-term.

The original article has been edited here for length (…) and clarity ([ ]) by munKNEE.com - A Site For Sore Eyes & Inquisitive Minds - to provide a fast & easy read.

1. ICC Labs Inc. (TSXV:ICC)
Cannabis

ICC Labs is a producer of recreational and medical cannabis operating in Uruguay and Colombia. The Company operates ~90,000 sq. ft. of indoor production and 66 acres of outdoor hemp production, at higher CBD to THC ratios than Canadian producers. The Company sells dried cannabis and cannabinoid oil products. ICC plans to dramatically expand production, adding an additional ~400,000kg/year of dried cannabis production and 250 acres of hemp production.

  • Market Cap: $202.0 Million
  • Average Price Target: $3.26
  • Number of Analysts: 3
  • Price Upside: 132.9%

2. Harvest One Cannabis Inc. (TSXV:HVT)
Cannabis

Harvest One Cannabis is a producer of medical marijuana licensed under the ACMPR. The Company's production subsidiary currently produces 1,000 kg/y at its BC facility, and plans add a further 10,000 kg/y at two new facilities in BC and Saskatchewan. Satipharm, its distribution subsidiary, produces cannabis-based microgel capsules, primarily for distribution in Europe.

  • Market Cap: $167.2 Million
  • Average Price Target: $2.50
  • Number of Analysts: 2
  • Price Upside: 123.2%

3. WeedMD Inc. (TSXV:WMD)
Cannabis

WeedMD is a Canada-based producer of medical marijuana. The Company expects to produce ~21,000 kg/y at its two facilities by April, with future expansion plans at current sites could potentially increase production to 33,000 kg/y. WeedMD also plans to diversify, beginning the sale of cannabis oils and cannabinoid-infused beverages.

  • Market Cap: $194.5 Million
  • Average Price Target: $4.27
  • Number of Analysts: 3
  • Price Upside: 121.4%

4. Invictus MD Strategies Corp. (TSXV:GENE)
Pharmaceuticals

Invictus MD Strategies is a Canada-based licensed producer of marijuana. The Company currently produces 600kg out of its Acreage Pharms facility. The Company has funded production facilities capable of producing 15,000 kg/year, to be operational by the end of 2018. Invictus plans to reach 50,000 kg/year by 2022.

  • Market Cap: $149.9 Million
  • Average Price Target: $3.05
  • Number of Analysts: 2
  • Price Upside: 63.1%

5. Emblem Corp. (TSXV:EMC)
Cannabis

Emblem is a licensed producer of medical marijuana under the ACMPR. The Company currently produces 5,000 kg/y of dried cannabis and plans to add a further 17,000 kg/year by Q1 2019. Emblem also plans to launch its cannabinoid oil product in Q3 2018. Emblem aims to build relationships with retail partners in Canada and abroad.

  • Market Cap: $153.8 Million Canadian
  • Average Price Target: $2.30
  • Number of Analysts: 5
  • Price Upside: 62.0%

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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The post Marijuana/Cannabis Stocks: Analysts Say These 5 Companies Have the Potential to More Than Double in Price This Year appeared first on munKNEE dot.com.

 
 
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