A recent editorial by Anthony Varrell of technical420 highlights five companies that are capitalizing on different verticals of the cannabis industry, including Aleafia Health (TSX: ALEF) (OTC: ALEAF), PharmaCielo (TSX.V: PCLO) (OTCQX: PCLOF), Namaste Technologies (TSX.V: N) (OTCQB: NXTTF), ManifestSeven, and Canopy Growth (TSX: WEED) (NYSE: CGC). “2020 is expected to be a breakout year for the cannabis industry and with primary growth drivers to be the opening of new markets, the maturing of existing markets, and the increasing number of products for purchase by recreational consumers in Canada,” Varrell writes. “During the last year, the cannabis sector was under substantial pressure and the valuations associated with these companies plummeted across the board. Although the recent trend has been to the downside, there is a subset of companies that have been executing on previously announced initiatives and that represent attractive growth opportunities. We believe that the recent pressure makes the sector look much more attractive from a valuation standpoint.”
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Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. It highlights companies that have the most growth potential by utilizing its proprietary analytics platform. For more information, visit www.technical420.com.
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