Marijuana Stocks Set to Surge in 2021, Along With Pot Revenue Gains

marijuana stocksMarijuana Stocks Looking Strong in 2021

2021 could be the best year yet for pot stocks.

It’s a tall order, I know. And I’m not closed to the possibility that marijuana stocks in 2021 may not experience the best year on record, even if they do surge.

But there’s a lot to be excited about.

First and most important is revenue. As with all industries in the stock market, investors and analysts spend most of their time thinking about revenue and profitability.

Nevertheless, companies that show no profitability can be still be immensely successful by promising future profitability, alongside growing revenue. In other words, it’s okay for a company to lose money (for a time), so long it has a clear path toward profitability and it makes progress toward that goal quarter after quarter.

We’ve seen a good number of marijuana companies gravitate toward profitability. The most obvious move that comes to mind was the firing of Bruce Linton from his position as CEO of Canopy Growth Corp (NYSE:CGC), a company he founded and raised to prominence as the industry standard-bearer.

Linton’s firing by shareholders was largely seen as a move to edge the company away from expansion and more toward profitability, something that was further cemented by its recent layoffs. (Source: “Cannabis Company Canopy Growth to Close 5 Sites, Lay Off 220 people,” CBC, December 9,…

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marijuana stocksMarijuana Stocks Looking Strong in 2021

2021 could be the best year yet for pot stocks.

It’s a tall order, I know. And I’m not closed to the possibility that marijuana stocks in 2021 may not experience the best year on record, even if they do surge.

But there’s a lot to be excited about.

First and most important is revenue. As with all industries in the stock market, investors and analysts spend most of their time thinking about revenue and profitability.

Nevertheless, companies that show no profitability can be still be immensely successful by promising future profitability, alongside growing revenue. In other words, it’s okay for a company to lose money (for a time), so long it has a clear path toward profitability and it makes progress toward that goal quarter after quarter.

We’ve seen a good number of marijuana companies gravitate toward profitability. The most obvious move that comes to mind was the firing of Bruce Linton from his position as CEO of Canopy Growth Corp (NYSE:CGC), a company he founded and raised to prominence as the industry standard-bearer.

Linton’s firing by shareholders was largely seen as a move to edge the company away from expansion and more toward profitability, something that was further cemented by its recent layoffs. (Source: “Cannabis Company Canopy Growth to Close 5 Sites, Lay Off 220 people,” CBC, December 9,…

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