Another write up by Keith (Motley Fool) 3 Marijuana Stocks to Buy After the Market Meltdown
The stock market just gave investors a gift -- three marijuana stocks with great growth prospects that can be bought at bargain prices.
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3. Origin House
You might not have heard of Origin House -- and for good reason. Until a few days ago, its name was CannaRoyalty, and even before then it was something of an under-the-radar marijuana stock. The company's previous name reflected its roots in royalty streaming in the cannabis industry. Now, though, it has a different focus.
Origin House operates five licensed cannabis distribution and manufacturing facilities in California. The company has a saying, "Win California, win the world." There's some truth in the statement. Even with the rapid expansion of the legal recreational marijuana market in Canada and medical marijuana markets in Europe, California will generate nearly one-fourth of all global marijuana sales in 2022.
Winning California shouldn't be too hard for Origin House. It already ranks as the top cannabis distributor in the state. The company also markets several of its own brands of cannabis products. Origin House plans to introduce more of its own brands throughout the rest of 2018 and into 2019, said CEO Marc Lustig on a phone call.
The company appears to be on track for profitability next year. With strong growth prospects in California and in Canada thanks to its acquisition of vape retailer 180 Smoke, Origin House should generate revenue of around $325 million by 2020, according to investment analyst Beacon Securities. That's pretty much what the company's market cap is now, which means that this stock should have a lot of room to run.
https://www.fool.com/investing/2018/10/29/3-marijuana-stocks-to-buy-after-the-market-meltdow.aspx