Story Highlights
- A bombshell earnings report prompted one cannabis stock to rally 44%.
- But investors overlooking a hidden detail are putting their money behind the wrong name.
- Anthony Planas reveals why the Street got the story wrong — and how you can profit from it.
Don’t blink … cannabis stocks are ripping higher.
In case you missed it, pot stocks are shaking off close to a yearlong bear market.
And one company in particular incited the sector’s rally: OrganiGram Holdings Inc. (Nasdaq: OGI).
The Canadian producer posted earnings that bulldozed investors’ expectations. That’s because its revenue shot up roughly 50% since last quarter.
Shares of OrganiGram closed 44% higher on January 15. But the gains didn’t stop there.
The Horizons Marijuana Life Sciences Index ETF (Toronto: HMMJ), an exchange-traded fund (ETF) with top North American cannabis holdings, rallied 6.5% on the day.
This was enough to lift other beaten-down names:
- Hexo Corp. (NYSE: HEXO) rallied 16%.
- Aurora Cannabis Inc. (NYSE: ACB) shot up 14%.
- And Cronos Group Inc. (Nasdaq: CRON) gained nearly 6%.
But the hype-fueled rally should raise questions in investors’ minds: What actually caused the rally? And is it too late to get in?
In this week’s Marijuana Market Update, I answer those exact questions. I tell you exactly what OrganiGram’s earnings mean — and which specific company is the best buy in the sector right now. (Hint: It isn’t OrganiGram.)
Profit From Wall Street’s Knee-Jerk Reaction
![Aphria & OrganiGram Report — What It Means for You; Planet 13 Stalls Out [Cannabis StockCast #41]](https://i.ytimg.com/vi/ehzbaylZJ9I/hqdefault.jpg)
Wall Street is still overlooking one of the best-kept secrets in the cannabis sector.
This company saw revenue grow 337% since it went public last year. And unlike its peers, it’s in the black with positive earnings.
But this is only the start for this tiny Ontario-based company. That’s because, with the launch of Cannabis 2.0 in Canada, its products and services will be in huge demand.
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Good investing,
Internal Analyst, Banyan Hill Publishing