In the coming years, the global legal cannabis market is expected to grow at a jaw-dropping pace. With new states and countries openeing up, the market size is expected to reach over $70 billion by 2029. This is precisely why investors have begun to warm up to cannabis stocks. These include cannabis penny stocks like CRXPF which gained a staggering 9,900% today – but is it a buy?
With the rising popularity of penny stocks by reddit and r/wallstreetbets, these stocks should be considered for excellent intraday plays. Sure, these are speculative plays but they offer an excellent risk/reward matrix.
Sure, very few penny stocks should be considered for long term plays but with gains like 9,900% penny cannabis stocks like CRXPF have our full attention.
CRXPF Gains 9,900% But is it a Buy?
Before trading commenced this morning, CanninBot sent a signal for CRXPF to our subscribers. Legally, we will not tell folks to buy stocks so we give stocks like CRXPF a ‘strong‘ rating. In fact, these ratings happen prior to trading. Interestingly enough, for every $1 invested in CRXPF, our clients made an eye-popping $100. You probably already know, returns like these are simply not as prevalent with the larger-cap cannabis stocks like Canopy Growth and Aurora Cannabis.
What is CRXPF?
Is CRXPF a Buy?
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