Thursday, June 01, 2017 6:00:06 PM
For investors who understand the risk and have patience, marijuana penny stocks offer some of the biggest potential profits today.
For example, shares of Medical Cannabis Payment Solutions (OTCMKTS: REFG) have climbed 71.3% in the last 12 months. Shares of OrganiGram Holdings Inc. (OTCMKTS: OGRMF) have done even better, skyrocketing 105.45% over the last 12 months.
In comparison, the Dow Jones Industrial Average is only up 18.07%.
To help investors find these explosive profits, we're giving you a list of marijuana stocks to watch in June.
However, investing in marijuana penny stocks should be treated as speculative right now because cannabis is still illegal under federal law.
marijuana penny stocksAlso, penny stocks are known to have volatile price swings, and most pot stocks trade on over-the-counter markets that aren't regulated like the Nasdaq or NYSE. The stocks on our list are speculative, too – not official recommendations.
These seven companies have recently launched new products, opened stores, conducted research and development, or made important announcements that could lead to an increase in sales.
Here are the seven pot stocks on our radar right now:
Company Stock Symbol Price as of May 31
Digipath Inc. DIGP $0.19
Earth Science Tech Inc. ETST $0.90
GB Sciences Inc. GBLX $0.28
Kaya Holdings Inc. KAYS $0.17
Lexaria Bioscience Corp. LXRP $0.37
Signal Bay Inc. SGBY $0.02
Weed Inc. BUDZ $0.62
Marijuana Penny Stocks to Watch, No. 5: GB Sciences Inc.
On May 23, medical marijuana researcher GB Sciences Inc. (OTCMKTS: GBLX) announced it was filing a patent application for chronic pain and heart therapies.
GB Science's pain solutions are free of THC, the psychoactive component of cannabis, which would limit potential abuse and make it more attractive as a medical solution.
In its May 23 press release, the company also said its novel heart disease formulations would compete in the $316 billion U.S. heart therapy market.
Shares of GBLX closed at $0.28 per share on May 31 and are down 16.05% so far in 2017.
https://moneymorning.com/2017/06/01/7-marijuana-penny-stocks-to-watch-in-june/
Recent GBLX News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/30/2024 09:13:41 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 09:24:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/16/2024 07:12:09 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/12/2024 09:39:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 10:07:34 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 10/10/2023 02:00:29 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM