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Hypervaluation is an ongoing problem in the pot business these days. We all understand there is a lot of money to be had in this booming industry, but stocks vary between the insane and the absurd.

Luckily, there are still some very undervalued pot stocks in this arena. What’s more, the brands listed below have given their investors between 5% and 95% over the last year. Let’s see how to get the most bang for your investment dollars.

1. Red White & Bloom

With 25 stores over six states, Red White & Bloom is a great pot-grower selling large quantities of flowers, concentrates, edibles and CBD products. The company has a great wholesale business where its products are in more than 700 locations.

The company expects it can create 500,000 lbs of CBD and 12,500kg of cannabis each year. In 2020, its revenue was just $40.3 million. But this year, it expects to boost sales to between $300 and $450 million. Upcoming events include the release of wholesale CBD, 10 new stores in Michigan, and expansion into newly legalized Arizona.

Maybe investors believe the company is too ambitious, as its shares are selling at just 0.59 times forward revenue. But Red White & Bloom is currently one of the best growing cannabis brands across the nation and I believe it can live up to its hype.

2. Acreage Holdings

In 2020, Acreage’s achievements include starting recreational pot sales in Maine, moving into Pennsylvania, and started new brands in Ohio, Illinois, New Jersey, and New York. Right now, the company has 29 dispensaries spread over 13 states and 18 processing and cultivation facilities. Its sales grew from $74 million to $114.5 million between 2019 and the end of 2020.

The company had a net loss of $286.6 million. That was a significant change from its $150.3 million loss from a year ago. Luckily, that increase was due to a noncash expense of $188 million in asset impairments. 

And even better, there is a built in price floor. Because to expand into the States, the Canadian pot-giant Canopy Growth is purchasing Acreage for $843 million. The stock is currently selling at a low 5.4 times revenue for a yearly sales growth of 54%, making the company a terrific cannabis stock you don’t want to miss. 

3. Charlotte’s Web 

Charlotte’s Web is the #1 wholesaler of CBD in North America. Its pet CBD, ingestibles, bath and beauty products, topicals, gummies and capsules are inside more than 22,000 retailers across the region. The company is expanding to 1,100 new locations each quarter.

In 2020, its revenue took a hit as many retail locations closed due to the pandemic. During this same time, its e-commerce sector grew to be over two-thirds of the company’s $95.2 million in sales. Even though the company’s revenue went up 0.67% from 2019, I would expect it to go up sharply as reopenings push the wholesale segment higher.

With these things going for it and a price of only 4.8 times future sales, I believe Charlotte’s Web is still very cheap.

Author: Blake Ambrose

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