Cannabis & Hemp Stocks Investment Tools – Schedule Demo Now!


3 Best Cannabis Stocks for the Reefer Rebound

Check out these 3 best cannabis stocks and snag some shares before the reefer rebound.

  • Cresco Labs (CRLBF): Industry-leading margins with a balanced sales approach
  • Curaleaf (CURLF): Nationwide presence and currently trading well-below market value
  • Trulieve Cannabis (TCNNF): Strong fundamentals, cash flows and financial future

3 Best Cannabis Stocks for the Reefer Rebound: #1 Cresco Labs

Cannabis MSO heavyweight, Cresco Labs is valued at a market cap of $2.16 billion. A vertically integrated cannabis operator, Cresco Labs currently has 40 dispensaries in 10 states and has grown its sales from $43 million in 2018 to $476 million in 2020.

Most states have a limit on the licenses they are allowed to issue and this barrier to entry allows Cresco and peers to enjoy a competitive advantage in the markets they operate in. Cresco Labs reported revenue of $210 million in Q2, a rise of 123% year over year.

It reported a net profit of $2.7 million in Q2 compared to a loss of $41 million in the prior-year quarter. Cresco expects to generate $1 billion in sales by end of 2021, making it among the first marijuana companies to reach the milestone.

Wall Street expects Cresco Labs stock to gain over 60% compared to its current trading price.

Stock Trading Algorithm

3 Best Cannabis Stocks for the Reefer Rebound: #2 Curaleaf

Right now, Curaleaf is the largest US cannabis operator, according to market cap, and it operates 95 dispensaries in 23 states with 23 cultivation sites and more than 30 processing sites.

New Jersey may well turn out to be a prime market for Curaleaf. It will do one of two things: Either consumers from neighboring states of Connecticut and New York will flock to New Jersey to buy Curaleaf products for recreational use or both states might hasten legalization of pot for recreational use.

The stock has returned over 66% year-to-date and it currently trades at $10.49. Analysts covering the stock have an average target of $12.19, an upside of 16.2% from current prices. The upper end of the target is $18. As more states in the US legalize recreational pot use, Curaleaf is one of the best companies that will benefit amid recent legalization.

Cannabis Stock Predictor

3 Best Cannabis Stocks for the Reefer Rebound: #3 Trulieve

Trulieve has expanded its national footprint through acquisitions of Solevo Wellness and PurePenn. The company is serious about expanding.

In fact, Trulieve expects all of these acquisitions and expansion strategies to start paying off as early as 2021. In its guidance for 2021, it accounted for a full year of operations from Pennsylvania, continued growth in Florida as well as its Massachusetts, Connecticut, and California locations.

Adult-use cannabis has already been legalized in over 16 states in the United States of America, including Washington D.C, and with full legalization in Canada, recreational marijuana is clearly here to stay.

With Trulieve stock closing at ~$17 on April 12th, analysts have a 12-month average target price of $69.04 for Trulieve Cannabis, an upside of over 60%. Cannin.com recommends you invest if you haven’t yet done so as Trulieve is a good stock to buy.

3 Best Cannabis Stocks for the Reefer Rebound


About Cannin: Your Cannabis Stocks Resource

78% of Cannin’s fundamentals prove true within 30 days or less on 100+ recommendations over the past 2 years.

Cannin is your #1 trusted resource for cannabis stocks. Our global team of experts evaluates all emerging cannabis stock investing opportunities. In fact, we aggregate hundreds of hours of financial research and provide tips on the best cannabis stocks for 2021. 

Use Cannin as your resource for:

Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.

Are you looking to buy stock in hemp companies or marijuana companies for 2021? If so, are you interested in new penny hemp stock companies? Or, looking for the best Canadian cannabis stocks to invest in? Maybe, you’re looking to leverage the power of algorithmic stock trading to beat the cannabis market? We can help.

Are you interested in cannabis stocks like Curaleaf, Trulieve, Aurora Cannabis, Charlotte’s Web, Canopy Growth, or Hemp Inc.?

Predict price movements of cannabis stocks several hours in advance with our proprietary algorithmic stock trading software.

  • +34% Gains in 2022
  • +56% Gains in 2021
  • +30% Gains in 2020
  • +49.8% Gains in 2019
  • Backtested since 2012

In fact, we’re so confident you’ll love our algotrading cannabis stock signals, we’re willing to give you a one week risk-free trial to see it for yourself.

Profit from the best cannabis stocks – we’ll show you how at cannin.com.