With cash in the bank, this Colorado cannabis company finds itself among the top in the United States…
Sometimes there is an investment that doesn’t quite fit in with our model portfolios, but it offers such a good profit opportunity that I want to make sure all of our members know about it.
That’s the case with Medicine Man Technologies (OTC: MDCL).
This company has a smaller market cap than a company like Canopy Growth Corp. (NYSE: CGC), which means it doesn’t take much to send the price up and down. If a lot of our members rush in and buy this stock all at once, inevitably, some may buy in at the top.
Then, the price will fall, and many are disappointed they are sitting on an early loss.
For those who are really in this for the long haul, take your time!
You don’t have to buy all of your shares all at once or immediately after I send out an alert. Take a breather and decide how much capital you want to spend on Medicine Man.
What to Know About Medicine Man
From its headquarters in Colorado, this microcap cannabis stock is making big moves.
In September alone, the company announced at least seven acquisitions of other Colorado-based cannabis companies. Upon closing of the pending transactions, Medicine Man will find itself among the largest of America‘s vertically integrated operators.
This acquisition spree became possible after a law passed on May 29 that made it possible for out of state investors to invest in Colorado-based companies.
By opening up investment to private equity and venture capital funds, Medicine Man was able to raise the capital it needs to expand, which included the closing of a $21 million investment from Dye Capital & Company in July.
The company boasts a strong executive team with deep roots in cannabis.
You can also see in the chart below that the stock price has held up relative to other cannabis stocks over the summer, which is yet another sign of building market confidence in the stock.
That’s not the only reason I like Medicine Man, but it’s a positive signal worth mentioning.
I’ll have more about the company down the road, but I wanted to get this trade instruction in your hands as quickly as possible.
Also as a reminder, these are the other trades we have presented in Cannabis Profits Daily:
- Innovative Industrial Properties Inc. (NYSE: IIPR)
- Severn Bancorp. Inc. (Nasdaq: SVBI)
- Constellation Brands (NYSE: STZ)
Again, these are not in our model portfolio, as most are not pure-play cannabis stocks, but we do believe each offers a profit opportunity.
Executive Director, National Institute for Cannabis Investors
9 responses to “New Colorado Law Unleashes Sleeping Cannabis Giant”
September 24 2019