3 Pot Stocks Under $5 That Could Double Your Money
The one good thing about the crash of the marijuana sector over the past year is that it's created some better buys. Cannabis investors can now scoop up potential deals that could lead to some solid gains down the road. Here are three cheap stocks trading below $5 a share that could double in value:
Neptune Wellness Solutions (NASDAQ: NEPT) is a bit safer than your typical cannabis company. Focused on purification and extraction services, Neptune helps pot producers create edible cannabis products. And that business has been strong of late.
The company released its year-end results for fiscal 2020 on June 10, showing revenue growth of 21% from the previous year. While sales in its Nutraceuticals segment, which includes omega-3 and hemp-derived
ingredients, fell by 12.9%, it became a more diversified company in the process, with its cannabis sales skyrocketing.
Source Fool.com
