RE:3 Canadian Stocks Under $5 Ready to Rise in 2020 Canada has hosted some of the most explosive growth stocks on the planet. As a relatively smaller market compared to the global stage, Canadian stocks also have a tendency to become underpriced. The combination of rapid growth and cheap valuations can be a goldmine for opportunistic investors.
In 2019, several iconic Canadian stocks went on sale. All are dealing with their fair share of hurdles, but under the right conditions, shares could more than double in 2020. All of the stocks listed below are now under $5 apiece.
Buy some cannabis
The cannabis downturn of 2019 was horrific. Nearly every pot stock fell more than 50% from their highs. Yet all hope is not lost. Most analysts still agree that sales should explode through 2030 and beyond. Long-term sales estimates range between $100 billion and $300 billion. Companies that can stick around for the long haul should find a way to win.
As with any industry-wide downturn, the smallest companies got it the worst. Green Organic Dutchman Holdings, for example, is down 90% from its peak. The company’s minuscule $200 million market cap is likely keeping it off the radar of most investors. That’s caused shares to trade at an 80% discount to the competition.
If want to bet on a cannabis reversal in 2020, this stock should have the most upside.
Profit from this reversal