We write about cannabis investing a lot here at the National Institute for Cannabis Investors (NICI) – to the point that I’m talking about this stuff in my sleep.
And when you eat, sleep, and breathe cannabis investing, you start to take certain investing lingo for granted.
So, when an eagle-eyed readers came along and asked what we mean when we say a stock could “2X, 3X, or 4X your money,” I made a point right then and there to make sure we put that into real context for you.
To illustrate this, I’m going to use one of the best cannabis stocks out there – Curaleaf Holdings Inc. (OTC: CURLF).
Curaleaf is one of the largest multistate operators (MSOs) in the country, operating in 23 states with 100+ retail locations. And that sweeping presence throughout the United States has helped launch Curaleaf into one of the first ever national cannabis brands.
Today, CURLF shares are trading for $13.68. And with this company’s success so far in a fragmented market, I’m confident this stock has the potential to as much as 5X your money (especially once it’s listed on a major exchange like the Nasdaq or New York Stock Exchange).
I know this because I recommended NICI Membership subscribers buy shares of Curaleaf back in September 2020 at a price of $7.10, and those who listened are already enjoying an almost 2X return – or 100% gain – on their initial investment.
So if you bought shares last year at $7.10, reaching a $35 stock price would nearly 5X your initial investment for a 393% gain:
$7.10 x 5 = $35.50.
But if you aren’t yet a Curaleaf investor and want to buy shares today, don’t fret – you still have a shot at a hefty return.
If you bought shares at the current $13.68 price, my projected $35 stock price would be almost a 2.5X return, or a 150% gain:
$13.68 x 2.5 = $34.20 (almost $35, we’re rounding for argument’s sake).
And remember – that’s just my projection. That doesn’t even consider the very real chance that cannabis stocks will be able to list on the major stock exchanges in the next year, which will significantly increase demand – and prices – for cannabis stocks like Curaleaf.
Now, it’s not often an investor buys only one share of a company. That’s why I’ve put together a chart below that shows you what a 3X, 4X, or 5X return would look like for an initial investment in 1 and/or 50 share(s) of Curaleaf priced at $13.68.
|Price You Paid||# of Shares||3X||4X||5X|
I think you get the gist.
So in the future, when we tell you about stellar companies like Curaleaf with the potential to 5X your money, you’ll know I’m talking about some major gains. Heck, Curaleaf has already been churning out profits for NICI Membership subscribers for a few months now.
And right now, our NICI Membership subscribers have over a dozen other rockstar companies in their model portfolio.
Some of these stocks have already banked our subscribers 87%, 88%, even 256% gains; others I expect to surge another 300% over the next year.
But all have incredible moneymaking potential, which I know because I’ve already taken care of all the research and financial legwork for you. Subscribers to NICI Membership have 24/7 access to my expert insight, insider info, and top recommendations. Not a member? Click here to sign up.
Executive Director, National Institute for Cannabis Investors
July 20 2021