Analysts Say These 5 Cannabis Stocks Could More Than Double In Value

Written by Sean Mason of SmallCapPower.com

…To take advantage…[of] another potential upswing in the market, we have selected five cannabis companies, which analysts believe are undervalued. The Canadian marijuana stocks on our list today currently have 100% upside on average according to analysts, indicating that these stocks could post strong returns in the near-term.

1. ICC Labs Inc. (ICC/ICCLF)
Cannabis

ICC Labs is a producer of recreational and medical cannabis operating in Uruguay and Colombia. The Company operates ~90,000 sq. ft. of indoor production and 66 acres of outdoor hemp production, at higher CBD to THC ratios than Canadian producers. The Company sells dried cannabis and cannabinoid oil products. ICC plans to dramatically expand production, adding an additional ~400,000kg/year of dried cannabis production and 250 acres of hemp production.

2. Harvest One Cannabis Inc. (HVT/HRVOF)
Cannabis

Harvest One Cannabis is a producer of medical marijuana licensed under the ACMPR. The Company’s production subsidiary currently produces 1,000 kg/y at its BC facility, and plans add a further 10,000 kg/y at two new facilities in BC and Saskatchewan. Satipharm, its distribution subsidiary, produces cannabis-based microgel capsules, primarily for distribution in Europe.

3. WeedMD Inc. (WMD/WDDMF)
Cannabis

WeedMD is a Canada-based producer of medical marijuana. The Company expects to produce ~21,000 kg/y at its two facilities by April, with future expansion plans at current sites could potentially increase production to 33,000 kg/y. WeedMD also plans to diversify, beginning the sale of cannabis oils and cannabinoid-infused beverages.