In the cannabis stock market, differentiating the hot pot stocks from the not so hot is no easy task. We are looking at Curaleaf Holdings (CSE:CURA) (OTC:CURLF), CV Sciences (OTCQB:CVSI), and Green Thumb Industries (CSE:GTII) (OTCQX:GTBIF) today. These stocks are on the move, giving investors something to hold onto in this roller coaster industry.
Hot Pot Stocks: Curaleaf Holdings (CSE:CURA) (OTC:CURLF)
On the rise over 17% at the time of writing, CURA stock is certainly a hot pot stock to watch! In a deal struck between Curaleaf and CVS Health Corp, the company’s CBD-infused products will soon be on sale in over 800 CVS health stores across the country. This news has caused CURA stock to soar, packing on further gains to an already impressive 41% increase for this stock in 2019.
Now, Curaleaf Holdings has a market value of approximately $3.6 billion CAD and is the sixth largest cannabis company by market cap. This hot pot stock is selling for $10.67 CAD at the time of writing.
Hot Pot Stocks: CV Sciences (OTCQB:CVSI)
CVSI stock is up over 7% and selling for $5.31 at the time of writing. This Las Vegas-based company is hitting the mecca of the marijuana industry in America with its PLUS CBD brand of CBD-infused wellness products. There is no definite news to cause today’s movement for this particular hot pot stock. Rather, these shares could simply be moving on the demand for CV Sciences products in a massive market. Nevada dispensaries alone sold almost $425 million USD worth of recreational marijuana in 2018, according to a report from Review-Journal.
Hot Pot Stocks: Green Thumb Industries (CSE:GTII) (OTCQX:GTBIF)
Green Thumb Industries is another name to watch this week. At the time of writing, GTII stock is up 7.6%, selling for $19.24 CAD on the CSE. Two days ago, the company announced the date—April 9th—for its fourth quarter and full year 2018 financial results. Since then, these shares have been on the move as investors anticipate stellar results and excitement is creating the momentum.
Headquartered in Chicago, Illinois, GTI is a “national cannabis consumer packaged goods company and owner-operator of the high-growth national retail chain RISE.” With a market cap of $591 million CAD, GTI is a smaller cannabis company with a lot of growth potential ahead.
So there you have three hot pot stocks making gains today. Will they sustain them, do you think? Which one do you have your eye on?
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