Investing in iAnthus (OTC: ITHUF)
THIS Is My #1 Stock Pick for 2019
On Tuesday, iAnthus Capital (OTC: ITHUF), a multi-state cannabis operation, announced earnings.
The company showed some pretty wide losses, and that exposed a lot of weak hands. The stock fell about 5% in early trading, and folks were emailing me about whether or not they should sell.
Only a fool would sell.
Honestly, iAnthus is probably my number one pot stock for the year.
It’s one of the biggest vertically integrated cannabis players in the country. It’s operational in 11 states and generates revenue in nine of those states, with a tenth one expected to begin generating revenue before summer.
It boasts $168 million in assets and has about $45 million in cash.
It’s one of the fastest-growing cannabis players in the U.S., but it’s actually trading at a 30% discount to its peers.
This year, it’ll likely do $150 million in revenue. Compare that to the $49 million it did for FY 2018.
Although the stock got hit in the morning of the day it released earnings, by the end of the day, it had gained 8.5%.
Make no mistake: In the cannabis industry, opportunity waits for no one. And when those weak hands unloaded their iAnthus shares, there was a mob of bulls happy to buy them on the cheap.
By the end of the year, iAnthus will likely be trading at around $9.00 a share, representing a potential gain of about 60%.
My point is simple...
In the cannabis space, there are lots of ups and downs. But long term, this is the greatest investment opportunity of the 21st century. And if you want to make some real money in this space, you have to focus on the long game and not panic every time there’s a correction.
I know this from experience.
Take OrganiGram Holdings (TSX-V: OGI), for instance.
Back in 2015, I recommended buying this stock when it was trading at just $0.40 a share.
It was a quality operation through and through.
Solid management, plenty of cash, and a product that was in high demand.
However, three months after I made that initial recommendation, the stock fell to about $0.30 a share, representing a loss of 25%.
But this was merely a blip, a short-term correction that would eventually be forgotten faster than all that algebra you learned in high school.
And there were a few of these corrections along the way.
But those who stayed focused and didn’t let panic dictate their investment decisions ended up scoring a massive gain.
Today, OrganiGram trades around $9.75 a share.
Those who bought at $0.40 a share — and didn’t panic every time there was a small correction — are now sitting on gains in excess of 2,300%!
Now, if you didn’t get in on OrganiGram back in 2015, don’t worry. There are plenty more opportunities out there for some very big gains in the cannabis space.
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Here’s What’s Next...
Last week I was in California, visiting 13 companies over the course of six days.
It was a marathon, to say the least. But it was well worth it.
On this trip, I uncovered a number of new companies that I’ll soon be recommending to members of my Green Chip Stocks investment community.
Some of these companies are public, and some will be public in a matter of months.
Although, full disclosure: I’ve been investigating these stocks since January and have used an advanced algorithm to help me identify them. It’s actually the same algorithm I used to identify OrganiGram, which, as you know, has delivered gains in excess of 2,300%.
I used it to uncover these stocks, too, which have also delivered massive gains:
- MariMed (OTC: MRMD) — 377%
- Aphria, Inc. (TSX: APHA) — 1,174%
- Aleafia Health (TSX: ALEF) — 179%
- HEXO Corp. (TSX: HEXO) — 391%
- Canopy Growth Corporation (TSX: WEED) — 3,015%
Make no mistake: Between my research trips and my sophisticated algorithm, known as the S-50 Trigger, picking pot stock winners has become so easy that it hardly even feels like work anymore.
But none of that matters.
The only things that matter are the profits.
And boy, do we have a bunch of new ones coming.
In fact, my next pot stock pick may be coming as soon as tomorrow. You can click here to join my group before I send it out.
Or, if you just want to see my process on how I pick so many winning pot stocks, just click here.
I’ve made it very easy for any investor to not only understand this system but also use it to make a boatload of cash.
To a new way of life and a new generation of wealth...
@JeffSiegel on Twitter
Jeff is the founder and managing editor of Green Chip Stocks, a private investment community that capitalizes on opportunities in alternative energy, organic food markets, legal cannabis, and socially responsible investing. He has been a featured guest on Fox, CNBC, and Bloomberg Asia, and is the author of the best-selling book, Investing in Renewable Energy: Making Money on Green Chip Stocks. For more on Jeff, go to his editor's page.
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