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In 2018, the marijuana industry experienced a significant boom, and many investors were eager to jump on the bandwagon. With the legalization of cannabis in various states, the demand for marijuana stocks soared. One of the most popular investment options at the time were penny stocks, which are shares priced below $5. This article highlights the top 10 US marijuana penny stocks in 2018 and their potential for growth.
1. CannTrust Holdings Inc. (CNTT) CannTrust Holdings Inc. was one of the leading cannabis companies in Canada and the United States. The company focused on the production and sale of medical cannabis. In 2018, it was one of the most sought-after penny stocks in the industry, with a market capitalization of around $1.2 billion.
2. HEXO Corp. (HEXO) HEXO Corp. was another Canadian marijuana company that made a name for itself in 2018. The company focused on the production of cannabis derivatives and was known for its innovative extraction technology. HEXO's stock experienced a massive surge in 2018, making it one of the top penny stocks in the industry.
3. Aurora Cannabis Inc. (ACB) Aurora Cannabis was a Canadian-based company that operated in both the medical and recreational cannabis markets. The company had a strong presence in the United States and was known for its high-quality products. In 2018, Aurora Cannabis was one of the most popular penny stocks in the industry, with a market capitalization of around $5.6 billion.
4. Tilray Inc. (TLRY) Tilray was a Canadian cannabis company that focused on the production and sale of medical cannabis. The company had a significant presence in the United States and was known for its high-quality products. In 2018, Tilray's stock experienced a massive surge, making it one of the top penny stocks in the industry.
5. Green Thumb Industries Inc. (GTBIF) Green Thumb Industries was a US-based cannabis company that operated in both the medical and recreational markets. The company had a strong presence in several states and was known for its high-quality products. In 2018, GTBIF was one of the most popular penny stocks in the industry, with a market capitalization of around $1.7 billion.
6. Canopy Growth Corporation (CGC) Canopy Growth was a Canadian cannabis company that operated in both the medical and recreational markets. The company had a significant presence in the United States and was known for its high-quality products. In 2018, Canopy Growth was one of the most popular penny stocks in the industry, with a market capitalization of around $7.4 billion.
7. Cronos Group Inc. (CRON) Cronos Group was a Canadian cannabis company that focused on the production and sale of medical cannabis. The company had a significant presence in the United States and was known for its high-quality products. In 2018, Cronos Group was one of the top penny stocks in the industry, with a market capitalization of around $4.2 billion.
8. MedMen Enterprises Inc. (MMENF) MedMen Enterprises was a US-based cannabis company that operated in both the medical and recreational markets. The company had a strong presence in several states and was known for its high-quality products. In 2018, MMENF was one of the most popular penny stocks in the industry, with a market capitalization of around $1.4 billion.
9. Curaleaf Holdings Inc. (CURLF) Curaleaf Holdings was a US-based cannabis company that operated in both the medical and recreational markets. The company had a strong presence in several states and was known for its high-quality products. In 2018, CURLF was one of the top penny stocks in the industry, with a market capitalization of around $2.2 billion.
10. Acreage Holdings Inc. (ACRGF) Acreage Holdings was a US-based cannabis company that operated in both the medical and recreational markets. The company had a strong presence in several states and was known for its high-quality products. In 2018, ACRGF was one of the most popular penny stocks in the industry, with a market capitalization of around $1.3 billion.
These companies represented the top marijuana penny stocks in 2018, and many investors were able to capitalize on their growth. However, it is important to note that investing in penny stocks carries significant risks, and investors should conduct thorough research before making any investment decisions.
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