Where Will Jushi Holdings Be in 1 Year?
Jushi Holdings (OTC: JUSHF) is a newcomer to the U.S. cannabis market, but investors should probably keep an eye on it. While it has only a few dozen retail locations and fewer than 500 employees, Jushi just might be a powerhouse in the making thanks to its unique market strategy. Rather than entering cannabis markets haphazardly, Jushi targets regional markets with high barriers to entry, like Pennsylvania and Illinois. It also seeks to compete in distressed and highly competitive markets like Nevada and California, seeing an opportunity to succeed where other companies are failing.
There's a lot of work to do before Jushi proves that this strategy will pay off. Right now, it's essentially a penny stock. Its price is highly volatile, and it's unclear whether the company has what it takes to grow in the long term. Within a year, this picture is unlikely to be fully clarified, but investors will have significantly more data to judge whether the company is worth an investment for long-term growth. Let's take a peek at Jushi's future plans and compare them to where it is at the moment.
Image source: Getty Images.
Source Fool.com
