TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Marijuana stocks remain a hot place to invest and the sector continues to attract new investors every day.

With over 400 publicly traded marijuana companies, finding value in the marijuana sector is not as easy as it sounds. With so many options, it is not as easy to find companies that have massive growth potential.

To simplify this process, I have highlighted three marijuana stocks that we believe every investor needs to be watching.

Reliq Health: Shares Rally as it Continues to Execute

The two months have been very significant for Reliq Health Technologies (RHT.V) (RQHTF) and the market has recognized the importance of these recent developments.

August was a banner month for the healthcare technology firm and the company has contracts in place with a 12,000-patient home care agency and a 36,000 patient Accountable Care Organization (ACO) in Texas that are expected to generate between $17 and $23 million in recurring annual revenue in 2018.

During the last month, RHT.V has rallied almost 50% and the shares are trading at $0.20. While we are favorable on the recent rally, we continue to see upside to current levels and believe that Reliq is remarkably underappreciated.

The company’s market capitalization is well below the potential monthly revenue associated with its pilot programs and we are favorable on Reliq’s long-term outlook. We believe that Wall Street has significantly undervalued the company’s potential and expect this to change as the company continues to execute and deliver positive news to its shareholders.  

Canopy Growth: Expands into Spain

Canopy Growth Corporation (WEED.TO) (TWMJF) and its wholly-owned subsidiary Spektrum Cannabis GmbH announced a supply license agreement with Alcaliber, a leading player in the international pharmaceutical industry based in Spain.

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