Tag Archive | "Best Marijuana Penny Stocks"

Marijuana Penny Stocks That Have Had The Biggest Gains


What Is Driving Big Gains In Marijuana Penny Stocks

Marijuana Penny StocksWhich marijuana penny stocks have had the biggest gains since marijuana became legal to sell in Colorado on January 1, 2014?  A number of marijuana penny stocks experienced incredible gains in price since the beginning of 2014.  The entire sector of marijuana stocks got red hot just after the new year, as the national media focused attention on Colorado’s implementation of legal marijuana sales within the state.  Many  marijuana penny stocks shot higher by hundreds and in some cases thousands of percent over the following five weeks.  This article profiles some of the marijuana penny stocks that experienced the biggest gains since the new year began.

While it is too late to profit from the January 2014 surge in marijuana penny stock prices, it is worthwhile to perform an analysis of which marijuana penny stocks had the biggest gains during early 2014 to identify which stocks may be big gainers the next time the marijuana stock sector heats up and is poised for another round of above-average gains.  While it is difficult to determine which events might trigger additional sector-wide rallies in marijuana stocks, there are two events that could possibly spur new rallies, including marijuana legalization initiatives in several states that will be on the ballot in November 2014 and Washington State’s plans for allowing legal marijuana sales to commence on December 1, 2014.

The marijuana industry is still quite small, with only two states out of fifty having made it legal for recreational use and a number of others having legalized it for medicinal purposes.  Companies in the marijuana sector are just getting their operations off of the ground.  The growth potential for the marijuana industry and marijuana penny stocks in coming years is enormous, which means there will likely be many more thousand percent plus gainers to come.  A look at which stocks recently had large gains can yield valuable insights regarding the ones may be big gainers in the future.

Marijuana Penny Stocks That Have Had The Biggest Gains

The follow are the marijuana penny stocks that have had some of the biggest gains since the beginning of 2014.  Keep an eye on these stocks when another marijuana sector rally is on the horizon, as they may once again lead the rally.

  • Latteno Food Corp. (OTC Pink:  LATF) is involved marijuana cultivation and dispensary, and produces and markets edible medical marijuana products.  The stock closed at $0.0003 on December 31, 2013 and peaked at $0.009 on February 5, 2014, for a 2,900% gain.
LATF Chart Early 2014

LATF Had An Incredible 2,900% Gain During The First Five Weeks of 2014

  • Creative Edge Nutrition Inc (OTC Pink:  FITX) is a company that is in the process of opening a marijuana cultivation and distribution facility in Ontario, Canada.  The stock closed at $0.005 on December 31, 2013 and peaked at $0.107 on February 10, 2014, for a 2,040% gain.
  • Hemp, Inc. (OTC Pink:  HEMP) provides services and products for the medical marijuana industry and markets products made out of hemp.  The stock closed at $0.02 on December 31, 2013 and peaked at $0.299 on February 5, 2014, for a 1,395% gain.
  • Alternative Energy Partners, Inc. (OTC BB:  AEGY) is an online marijuana ordering portal at that is informally known as the Amazon of marijuana products.  The stock closed at $0.001 on December 31, 2013 and peaked at $0.01 on February 3, 2014, for a 900% gain.
  • IMD Companies, Inc. (OTC Pink: ICBU) entered the hydroponic cultivation systems and growing accessories market early in 2014.  The stock closed at $0.017 on December 31, 2013 and peaked at $0.164 on February 5, 2014, for a 865% gain.
  • Cannabis Science, Inc. (OTC Pink:  CBIS) is a company focused on marijuana-based pharmaceutical products.  The stock closed at $0.051 on December 31, 2013 and peaked at $0.293 on February 5, 2014, for a nearly 475% gain.

Caution Is Advised When Trading Marijuana Penny Stocks That Have Made Big Gains

Hemp IncMarijuana penny stocks that have made big gains should be traded with extreme caution.  Penny stock trading is all about momentum, and if the momentum that has propelled marijuana penny stocks higher in early 2014 fades, the stocks will come crashing back down to much lower levels.  The idea behind tracking the marijuana penny stocks that have made the biggest gains since the beginning of 2014 is to bring into focus the stocks that may be big gainers next time there is a penny stock rally in the marijuana sector.  From a traders perspective, the best scenario would be if these stocks settle down and trade at lower levels with light volume to set them up for the next wave of buying and potential future gains.  In the meantime, there is no point in getting caught up in any downdraft that develops in these stocks, as they find new levels to build a base.

Keep in mind that marijuana penny stocks are in most cases very young companies with uncertain finances and uncertain futures.  Some may even be outright scams, as it appears that many penny stock companies are quickly jumping on the bandwagon and putting out Press Releases (PRs) regarding the startup of marijuana related businesses that may be real or illusionary.

Proper due diligence is necessary to root out the scams and separate them from legitimate marijuana companies that truly have the potential to experience explosive growth in coming years, as the marijuana business grows.  A good place to start due diligence is on the Pink Sheets (otcmarkets.com) website.  Check the company’s share structure to see if the float and/or authorized shares is bloated with billions of shares.  Also, check to see if the company has a history of doing reverse splits, as this is an indication of a scam company that is interested in selling shares, rather than building a business that rewards shareholders.  Use Google or your favorite search engine to search for the company and company directors with the word “scam” in the search query to see if others have identifed the penny stock as a scam.  If a marijuana penny stock appears to pass the scam evaluation, then turn to search engines again to see if any well known financial websites or commentators are talking about the companies.  If any are talking positively about a particular marijuana penny stock, it may be a good candidate for future big gains the next time the marijuana stock sector heats up.

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The Best Marijuana Penny Stocks To Trade and Invest In


The Best Marijuana Penny Stocks | Not All Stocks Are Equal

Best Marijuana Stocks
Even at this early stage of development, it is important to find the best marijuana penny stocks to trade and invest in to increase your chances of successfully trading or investing in the marijuana sector.  Since the marijuana industry is so young, it is hard to determine which companies are the strongest and which marijuana penny stocks might produce the largest gains in the long run.  However, it is not too early to start looking at what these budding companies are made of and the tangible assets they have that might lead to their success.
Marijuana Stocks
One thing that can be done at this point is to identify the marijuana companies and penny stocks that have real potential to succeed and avoid the ones that are obviously scams.  Many penny stock companies are jumping into the marijuana sector because it is such a hot sector of the stock market.  Similar to the dot.com stock mania of the late 1990s, any penny stock company that mentions intentions to enter the marijuana business is seeing a spike in the price of their shares.  Penny stock companies that do not have established marijuana businesses and appear to just be promoting themselves as players in the marijuana industry should be greeted with skepticism.  It is best to avoid these stocks as long-term investments, and trade them with caution, as they likely will not have the ongoing marijuana business operations to justify their short-term stock price spikes.

What To Consider To Find The Best Marijuana Penny Stocks

What factors do you need to consider when searching for the best marijuana penny stocks to trade and invest in?  The following are some of the most important factors that help traders and investors sort through the myriad of penny stocks connected to the marijuana industry to find the strongest candidates and screen out the questionable ones that should be approached cautiously or avoided altogether.

  • A solid business plan is very important.  Stocks ultimately trade higher when companies follow through on a realistic business plan and start to generate revenues as they implement their business plan.  Be leery of marijuana companies that are in the development stage with no operations.
  • Good management is also very important.  A business plan is only as good as the management team that implements it.  Research the management team of marijuana companies to see if they have a history of successful business development.
  • Revenues and earnings.  Many penny stocks are just development stage companies with no revenue generating business operations.  If a marijuana company is actually in the operating stage and reporting revenues, and in some cases earnings, that is a good sign that they are company that has a future.
  • A good track record of reporting.  If a marijuana company consistently files the required reports on time to stay in good standing with the stock quotation system that their shares trades on, that is a good sign that management is serious about their business.
  • No history of dilution.  Examine the history of changes in stock structure for marijuana companies.  If there is a history of dilution and reverse splits associated with a company or management personnel, this a red flag that management has a track record of diluting their shares and their current marijuana venture might be a another stock selling scheme.

Any stock remotely connected to the marijuana industry has seen an increase in price as the marijuana sector has rallied.  Many companies that are primarily focused on providing products or services to the burgeoning marijuana industry have seen their stock prices increase by hundreds and in some cases even thousands of percent.  Of course, not all stocks classified as marijuana stocks are of equal stature.  Some are bonafide companies that are growing marijuana-based businesses, while others are just latching onto the stock craze and proposing marijuana related business ventures that are only tangentially related to the marijuana industry or have no realistic chances of succeeding.

Ideas Regarding Marijuana Penny Stocks To Play Marijuana Frenzy

Since the marijuana industry is such a young fledgling industry that is just getting started, many of the companies involved are quite small penny stocks that trade on the Over The Counter (OTC) markets, including the Over The Counter Bulletin Board (OTC BB) and the Pink Sheets (otcmarkets.com).  It can be difficult to figure out which companies are in the marijuana sector.  For a list of marijuana stocks that are publicly traded on United States stock quotation services, see List of Marijuana Stocks To Profit From Marijuana Business.

Trade and Invest Cautiously In Marijuana Penny Stocks

Best Medical Marijuana Stocks
With the online message boards buzzing with chatter about which publicly traded marijuana penny stocks to invest in and ones to trade for a quick pop, traders and investors have to step back and keep things in perspective.  As stated above, not all penny stocks in the marijuana sector are of equal stature or have the same prospects for success in the future.  A trader or investor cannot just throw money at marijuana penny stocks and expect it all to work out.  Some stocks in this sector will excel and turn into huge business enterprises, as marijuana is legalized in more areas of the United States and throughout the world; however, other stocks will decline, as their marijuana business plans do not pan out.

Do not get caught up in the hype.  Marijuana penny stocks tend to spike higher when the news flow is positive and then drift lower until the next news-driven price spike.  Carefully assess which marijuana penny stocks are worth trading and investing in, and chose entry points carefully.

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