This is how much money Jushi could have made you with a $500 investment…
Jushi Holdings Inc. (OTC: JUSHF) is a cannabis multistate operator (MSO) that has been popping up on more buy lists of the best cannabis stocks to own right now.
It has been separating itself from the wannabes with its strategy of operating in areas of the country that only allow for a limited number of business licenses to sell cannabis.
For example, in Santa Barbara, a city of 90,000 where the median income is as high as $87,000 and more than seven million tourists spend close to $2 billion (before COVID-19), there are only three dispensaries allowed to meet these folks’ demand for cannabis.
On October 14, 2020, Jushi became one of them.
Jushi also has dispensaries in Illinois, Pennsylvania, and Virginia, where it employs a similar strategy as it does in Santa Barbara.
The results are paying off.
In Q3 2020, Jushi increased sequential revenue (quarter-over-quarter) 67% to $24.9 million, while gross profit increased 64% sequentially to $12.3 million.
And for 2021, the company provided forward guidance of $205 million to $255 million in revenue, with plans to announce Q4 2020 and full results for 2020 on April 29, 2021.
It’s been a great year for anyone who has owned JUSHF stock.
Last year, the Jushi stock price was trading for $0.86 per share. As of this writing, it’s trading for $5.77 per share.
If you invested $500 one year ago in Jushi, it would be worth $3,354 today.
Not a bad year at all!
Of course, that won’t help make you money unless you have a time machine.
But if you haven’t bought Jushi stock yet, that’s okay.
Because by the end of 2021, we’re going to share a stock price prediction that will blow those early gains out of the water…
Jushi Holdings 2021 Stock Price Target
By the end of 2021, Executive Director Don Yocham projects that Jushi stock could trade for $41 per share.
“I think they could easily generate $1 billion in sales in 5 years. I consider that conservative, but let’s stick with that for now,” Don said in December 2020.
Then, looking at different data points in his projection model, Don arrived at a price target of $41 per share.
But the numbers are only one part of this equation.
You also have to go behind the scenes and get to know the team driving your investment…
Like Don did when he went to the grand opening of Jushi’s Santa Barbara location and when we brought in Jushi President Erich Mauff for a live Q&A so that members of the National Institute for Cannabis Investors (NICI) could ask Erich questions directly.
That’s the type of insider access we bring all of our members at NICI.
If you’re new to cannabis investing, we highly suggest bookmarking our homepage so that you can easily access our most recent alerts on how to make the most money in cannabis investing.
To make sure you receive our trade alerts when we’re buying stocks like Jushi so you can get ahead of everyone else, here’s everything you need to know about NICI Membership.
To your investing success,
Partner, RADD Capital
4 responses to “Investing $500 in Jushi Holdings 1 Year Ago Is Worth This Much Today”
April 21 2021