Hemp Inc Stock Buy !NEW!
The marijuana industry is an emerging and secular growth industry, driven by favorable legislation and increasing adoption of the medicinal use of marijuana around the world. Companies operating in the space are expected to experience strong secular growth and can become fruitful long-term investments. Industry-leading companies like Altria Group, Inc. (NYSE:MO), Philip Morris International Inc. (NYSE:PM), and Constellation Brands, Inc. (NYSE:STZ) are dipping their toes in the lucrative marijuana market and exploring investment opportunities. However, in this article, we will specifically discuss pure-play hemp stocks.
hemp inc stock buy
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We reviewed the marijuana industry and identified the key players. We narrowed down our selection to companies that have solid product pipelines and positive market sentiment. Along with each stock, we have mentioned the hedge fund sentiment, analyst ratings, top shareholders, and business models. The hedge fund sentiment was derived from Insider Monkey's database of roughly 900 elite hedge funds.
Ayr Wellness Inc. (OTC:AYRWF) has a consensus Strong Buy rating from Wall Street analysts. Over the past three months, the stock has received 5 Buy ratings and 1 Hold rating and has an average price target of $12, which implies a 409% upside from current levels. As of June 30, Ancora Advisors owns 7,300 shares of Ayr Wellness Inc. (OTC:AYRWF) which amounts to a stake of $35,000.
Some of the top large-cap stocks that have exposure to the marijuana market include Altria Group, Inc. (NYSE:MO), Philip Morris International Inc. (NYSE:PM), and Constellation Brands, Inc. (NYSE:STZ).
Trulieve Cannabis Corp. (OTC:TCNNF) is a leading American producer and cultivator of medical and recreational cannabis. Trulieve Cannabis Corp. (OTC:TCNNF) is one of the best marijuana stocks to buy now and has a consensus Strong Buy rating from Wall Street analysts. Over the past three months, 10 Wall Street analysts have given the stock Buy ratings. The stock has an average price target of $31 which represents an upside of 267% from current levels.
Over the past three months, Jushi Holdings Inc. (OTC:JUSHF) has received 3 Buy ratings and 1 Hold rating from Wall Street analysts and has a consensus Strong Buy rating. The stock has an average price target of $2.8 which represents an upside of 128.6%. Wall Street sees upside to Jushi Holdings Inc. (OTC:JUSHF) and the stock is one of the best marijuana stocks to buy now.
Verano Holdings Corp. (OTC:VRNOF) is a profitable cannabis company and also has free cash flows to fund its operations, therefore it is among the best marijuana stocks to buy now. As of September 30, the stock has a trailing twelve-month operating margin of 16.14% and free cash flows of $1.6 million.
On September 8, PI Financial analyst Jason Zandberg started coverage of Verano Holdings Corp (OTC:VRNOF) with a Buy rating and a C$22 price target. Over the past three months, the stock has received 2 Buy ratings and 1 Hold rating from Wall Street analysts and has an average price target of $11.28, which implies a 142.5% upside from current levels.
Green Thumb Industries Inc. (OTC:GTBIF) is a low-risk and profitable cannabis company to own and one of the best marijuana stocks to invest in now. According to the company's balance sheet, as of June 30, Green Thumb Industries Inc. (OTC:GTBIF) has a debt-to-equity ratio of 0.15. As of September 30, the company has a trailing twelve-month operating margin of 24.23%.
This August, Canaccord analyst Matt Bottomley revised his price target on Green Thumb Industries Inc. (OTC:GTBIF) to C$35 from C$40 and reiterated a Buy rating on the shares. Over the past three months, the stock has received 11 Buy ratings from Wall Street analysts and has a consensus Strong Buy rating. The stock's average price target sits at $23, which represents an upside of 147.5% from current share levels.
Wall Street analysts are bullish on Curaleaf Holdings Inc. (OTC:CURLF). This August, Alliance Global Partners analyst Aaron Grey revised his price target on Curaleaf Holdings Inc. (OTC:CURLF) to C$12 from C$15 and maintained a Buy rating on the shares. On August 9, Canaccord analyst Matt Bottomley revised his price target on Curaleaf Holdings Inc. (OTC:CURLF) to C$13.50 from C$14.50 and reiterated a Buy rating on the shares. Curaleaf Holdings Inc. (OTC:CURLF) has a consensus Strong Buy rating from Wall Street analysts. Over the past three months, the stock has received 9 Buy ratings and 1 Hold rating and has a median price target of $9, which implies an upside of 82.5%.
Curaleaf Holdings Inc. (OTC:CURLF) has low debt and is also showing the ability to maintain profitability. As of September 30, the stock has a trailing twelve-month operating margin of 11.83% and as of June 30, the company has a debt-to-equity ratio of 0.34. Curaleaf Holdings Inc. (OTC:CURLF) is among the best marijuana stocks to buy now.
Cresco Labs Inc. (OTC:CRLBF) cultivates, manufactures, and sells retail and medical cannabis products in the United States. On August 17, Cresco Labs Inc. (OTC:CRLBF) announced earnings for the second quarter of fiscal 2022. The company reported a revenue of $218.2 million and outperformed Wall Street consensus by $68,000. As of June 30, the company has a debt-to-equity ratio of 0.60. The company has a trailing twelve-month operating margin of 14.67% and is therefore ranked high among the best marijuana stocks to buy now.
On August 18, Piper Sandler analyst Michael Lavery revised his price target on Cresco Labs Inc. (OTC:CRLBF) to $6 from $9 and maintained a buy-side Overweight rating on the shares. This August, Canaccord analyst Derek Dley revised his price target on Cresco Labs Inc. (OTC:CRLBF) to C$8 from C$9.50 and reiterated a Buy rating on the shares. Over the past three months, Cresco Labs Inc. (OTC:CRLBF) has received 5 Buy ratings and 2 Hold ratings from Wall Street analysts. The stock has an average price target of $6.75 which represents an upside of 149%.
Phoenix, Arizona--(Newsfile Corp. - March 9, 2023) - The Stock Day Podcast welcomed Hemp, Inc. (OTC Pink: HEMP) ("the Company"), a company that seeks to build a business constituency for the American small hemp farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. The CVC of the Company, Bruce Perlowin, joined Stock Day host Everett Jolly.
"What exactly is a CVC?" asked Jolly to begin the interview. "CVC stands for Chief Visionary Consultant," said Perlowin. "I am a visionary; we were the first publicly traded company in the hemp industry," he shared. "So, I spearhead the direction of the company in a very creative and cutting edge way."
Jolly then asked about the Company's background and current projects. "Hemp, Inc. has the largest hemp processing facility in the western hemisphere," said Perlowin. "We make industrial hemp products," he added. "On the other end, we do CBD, CBG, CBN, coffee-enhancement CBDa and CBGa, pain creams, etc. So, we have both an industrial and medicinal line."
The conversation then turned to the Company's announcement in February detailing their largest industrial hemp/kenaf sale to date. "This is the largest order in our history and it is a continuation of a one million pound order that we received prior to coronavirus," shared Perlowin, adding that the order was partially filled prior to the COVID-19 pandemic but was put on hold due to the virus. "Now we will fulfill the rest of that order."
"Why would celebrities be interested in hemp products?" asked Jolly. "A lot of them are already marketing hemp products; it is a very popular thing," said Perlowin. "We can either provide the raw ingredient, like the CBD itself or the MTC oil", he said. "Or we can make a complete product," said Perlowin, noting the Company's coffee-enhancer, pain cream, or CBD/CBG combination products.
Jolly then asked about the Company's efforts to raise funds for non-profit organizations. "It takes two companies working together and we believe it could be possible to raise five to forty million dollars for a celebrity's charity of choice to be donated in their name," said Perlowin. "It is a powerful marketing program," he said. "It would be decorative art stock with a focus on raising money for charities."
"Is there any time frame on that project?" asked Jolly. "I have been designing this model and creating the decorative art stock for ten years," said Perlowin, adding that the Company is ready to implement the program once they find the right partner.
"How many companies do you consult for, and how do you get in touch with your clients?" asked Jolly. Perlowin elaborated on his extensive background as a pioneer in the hemp industry. "I consult for about half a dozen companies, which gives me the freedom to create these unique marketing models involving more than one company," said Perlowin. "It is multiple companies working synergistically together."
To close the interview, Perlowin discussed the potential of the Company's current projects, as well their evolving celebrity marketing strategy, and encouraged listeners and shareholders to keep up-to-date on their upcoming announcements as they continue to grow as innovators in the hemp industry.
To contact Mr. Perlowin email him at: Bruce@BrucePerlowin.com. To hear Bruce Perlowin's entire interview, follow the link to the podcast here: -hemp-inc-otc-hemp-discusses-significance-of-its-potential-partnership-with-an-a-list-celebri.
With a deep-rooted social and environmental mission at its core, Hemp, Inc. (OTC Pink: HEMP) seeks to build a business constituency for the American small hemp farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. The Company is on a mission to be a powerful engine for social change and economic revival, worldwide, by providing hemp products that are eco-friendly, sustainable, and healthy. Hemp, Inc. executives believe there can be tangible benefits reaped from adhering to a corporate social responsibility plan. 041b061a72