American pot stocks that did amazingly well in May
Some people in the cannabis space have more to smile about than others. Are you one of the lucky cannabis investors whose marijuana stocks came through for May? Do you have some extra cash from these astonishing marijuana stocks?
The American Cannabis Operator Index, which was launched at the end of October 2018 with a value of 100, declined to 70.64 in late December of 2018. April 2019 saw these marijuana stocks rally to as high as $119.53. The year ended at 43.27. Currently, the index has dropped to 30.2, a positive trend after the terrible all-time closing low in March 2020 at 14.50. May saw the marijuana stocks rebound and bounce back by 108.3%.
Does your cannabis portfolio include these marijuana stocks?
1. TILT Holdings (CSE: TILT) (OTCTLTFF)
TILT Holdings is a combination of the leading cannabis companies that deliver products and services that are operating within the cannabis space. The company is committed to technological innovations that support success in the long term. The company services more than 2000 brands and cannabis retailers throughout 33 states and into Canada, Israel, South America, Mexico, and the European Union. This is a fantastic movement for TILT Holdings, which is currently up 60% after its 119% gain in May.
2. cbdMD (NYSE American: YCBD)
Although down by 35% year to date, these marijuana stocks have risen in the latter part of May. The company’s goal is to produce top of the line high-quality CBD products through innovation while using state-of-the-art production and manufacturing techniques.
3. Acreage Holdings (CSE: ACRG) (OTC: ACRGF)
These marijuana stocks held the seat for being among the worst-performing marijuana stocks in April and also March. They managed to rebound in May although they do remain down by over 44% per year-to-date. 2020 is to be a foreseeable record-breaking year. From seed to sale, the company is creating industry standards that are primed to deliver only the highest quality experiences and products.
4. CV Science (OTC: CVSI)
CV Science has withstood the volatile few months by rallying explosively late in May. The company operates two very distinct divisions, including consumer products and pharmaceutical products. CV Science believes wholeheartedly in the future of the hemp plant. Using the innovative and responsible application of science, Green Thumb Industries strives to enhance the health and prosperity of not only its employees but also the customers and communities they serve. The botanically based cannabidiol products improve the quality of life for all.
5. Green Thumb Industries Inc (GTBIF)
This company, a leading nation-wide cannabis consumer packaged goods business, promotes wellbeing through the unique power of cannabis. They are respectful about giving back to the community in which the retailer services. Green Thumb has 13 manufacturing facilities licenses for 96 retail locations, which operate across 12 U.S. markets. The company was established in 2014 and currently employs over 1,700 people who serve thousands of customers and patients each year.
Marijuana stocks are forever changing for the cannabis interested investor. These pot stocks may not show the same in movement next month. As the world adjusts to the COVID-19 style of living, so may the way we look at lining our pockets with current marijuana stocks.