Hey there, I don't post all this often but I saw your post and wanted to respond with a legit answer. Usually mods will get mad if you recommend or pump different stocks on the page of a particular stock, because of that, it's a bit difficult to directly respond to the question you've asked but I'm going to try. I've been in your boots in the past and hopefully I can save you from some future pain by sharing my knowledge.
AMMJ is definitely one of the better MJ stocks on paper but nothing is ever guaranteed especially in the OTC. Someone recommended SRNA to you which also is a real company. I actually like their business focus more than AMMJ but SRNA has quite a lot of debt unlike AMMJ. Debt doesn't typically matter in the OTC (if you are solely flipping/trading) unless the shares go through a reverse split to raise more capital. This can and does happen and it means that the shares you bought would then be worth a half or less of what you bought them at. Sometimes reverse splits can be good when a company is proving that it needs the capital to support its growth trends, but when a company has horrendous debts, it usually isn't a good sign. SRNA will probably be alright through November and the remaining part of this year but it is not something I would ride out long-term just because of its debt.
Another thing that is very important to look at is float. Float is the number of liquid shares that are trading on the market rather than the number of shares issued. A lower float, esp. under 100 million shares, means that a stock has the potential to spike up dramatically when it goes on a run/there is demand. The float of a stock can "lock" which essentially means buyers have bought and supply is basically dry. If there is less of something and demand goes up, prices will rise accordingly with the ratio of supply and demand. Compare a company like ERBB to AMMJ and you'll see what I mean. Float then is really important if you're looking for substantial gains. Also beware of companies that continuously put out a chain of news-- it's usually a pump and dump. Anything that appears too good to be true probably is too good to be true. Yes, it is possible to make money on a pump, you can also lose a lot of money on a pump. It's very risky.
I really don't have any other MJ stocks to recommend per se but I do think plays like DIGP (No, that is not a recommendation.) and those in the testing niche are interesting. Marijuana testing will eventually be a necessity nationwide and so I see a lot of potential there. Make sure you do your own homework (DD) though because you can't trust anyone on here. That is a sure way to lose money over the years. Also, don't expect to hold your OTC stock(s) for years and years hoping that it will become a huge company. Sure, it might happen and you could get extremely rich that way but it is more likely that it doesn't happen and you lose your money. The way to trade pennies is to get in when supply is matching demand--- i.e. a stock moves sideways for a month, typically more and make sure there is a resistance level that it is holding... When I say sideways, I mean sideways, not even slightly downward. Don't put all your money in at one fell swoop either. Make sure you have cash to average down if needed. No one can predict a bottom despite whatever bullcrap they'll try to feed you. Pennies are made to be flipped-- sometimes over a matter of days and other times over a matter of months. We are not really in the Land of "Investing" then but rather the Realm of "Trading." Keep that in mind.
Look into marijuanaindex.com ... there are a handful of US and Canadian MJ stocks that are tracked there. If you click on the link at the bottom of their page to use their older site, the stocks will be divided between MJ stocks that actually report their financials and MJ stocks that do not report their financials. Usually it's a good thing to stick to the ones that report their financials-- those companies are more likely to be real.
I wish you luck with the pennies. A lot of it will still be a learning curve but I hope I've helped you some. Stay vigilant, do your own research, and don't get greedy at the end of the day.
