Best Marijuana Penny Stocks to Buy Now

1. Aleafia Health (OTCMKTS: ALEAF)
2. Aphria (NYSE: APHA)
3. Aurora Cannabis (NYSE: ACB)
4. Auxly Cannabis Group (OTCMKTS: CBWTF)
5. Cannabis Sativa, Inc. (OTCMKTS: CBDS)
6. Canopy Growth Corp. (NYSE: CGC)
7. HEXO Corp. (NYSE: HEXO)
8. OrganiGram Holdings Inc. (NASDAQ: OGI)
9. The Supreme Cannabis Company (OTCMKTS: SPRWF)

What Are Marijuana Penny Stocks?

The stock of companies in the ever-growing marijuana industry is known as marijuana penny stocks. These companies may be pure weed industry plays, retailing to customers via dispensaries, growing the herb, transporting to distribution locations, or producing products to use the end product. Here are seven of the top cannabis penny stocks investors are buying up right now.

1. Aleafia Health (OTCMKTS: ALEAF)

With share prices ranging from $0.53 to $1.00, Aleafia health meets every criterion of the marijuana penny stock definition. But with developing cultivation assets and an approximate $280 million market cap putting it on the track to become a major Canadian player, Aleafia Health is not a typical penny stock.

In March 2019, Aleafia Health acquired Emblem and in doing so, combined two of Canada’s clinic-medical service providers that also grow their own marijuana. Once this merger was complete, Emblem and Aleafia had 40 clinics and were serving more than 60,000 patients. Most importantly, though, this new unification foresees an annual output of 138,000 kilos of peak product keeping Aleafia among Canada’s top 10 marijuana producers.

2. Aphria (NYSE: APHA)

Setting itself apart from other marijuana companies, Aphria is active in the production of hydroponic cannabis and selling it for medical use. Backed-up by the Canadian government, predictions are good that Aphria will be around for years to come and already have seen their shares rise six-fold in the last three years.

3. Aurora Cannabis (NYSE: ACB)

Entering 2019 with shares that have increased more than tenfold in just three years and listed on the New York Stock Exchange, Aurora Cannabis is definitely a top marijuana penny stock. Bringing in an impressive revenue of $55.2 million in 2018, up from $1.44 million in 2016, Aurora saw a positive net income in 2018 after several years of losses, positioning them to be a leader on the penny pot stocks list for years to come.

4. Auxly Cannabis Group (OTCMKTS: CBWTF)

Another penny pot company with shares available for under $1, Auxly Cannabis Group has a value of more than $350 million. Blending two worlds of the pot industry, Auxly Cannabis grows its own marijuana. It is a licensing agent providing up-front capital for growers wanting to develop or expand their greenhouses in exchange for a portion of the product at below-market cost.

Once the Auxly Cannabis Group is fully operational, it anticipates retailing the equivalent of 170,000 kilos annually, including its portion of more than 12 licensed partners, various joint ventures, and products from wholly-owned grow farms. Just outside Canada’s top five cannabis-producing companies, Auxly is expected to be a significant player in the weed market.

5. Cannabis Sativa, Inc. (OTCMKTS: CBDS)

Cannabis Sativa, Inc. is a Nevada based company that develops, manufactures, and sells herbal-based skincare products. It’s stock reached $3.88 a share in January 2019 and has since fallen to as low as $0.67. At its high, it had a market cap of over $175 million and currently sits at about $20 million.

6. Canopy Growth Corp. (NYSE: CGC)

Another Canadian-based company benefiting from several advantages that help keep it running nicely, Canopy Growth Corp. separates itself from other marijuana stocks in the fact that it is generating a significant level of revenues while maintaining low costs. With a stock that has increased almost 30-fold since the start of 2019, it also boasts nearly $500 million in current assets compared to $92 million in current liabilities and $1.52 billion in total assets compared to $234 million in total liabilities.

Canopy Growth Corp stock is more fairly valued than just about any other company in the industry as long as it continues to maintain these growth levels, solid financial position, and strong balance sheets.

7. HEXO Corp. (NYSE: HEXO)

2019 has been a stellar year for the Canadian-based HEXO Corp, most notably acquiring Newstrike Brands and significantly bolstering its near-term outlook and production capacity and securing a CA$65 million credit facility from two top Canadian financial institutions this year. These two accomplishments have HEXO significantly increasing its financial capacity for more business development opportunities. The stock is currently trading at 3.4 times less than next year’s anticipated sales, making it a lower-rung valuation for a high-growth marijuana entity.

Perhaps the best reason to consider purchasing this marijuana penny stock is Truss, their joint venture with Molson Coors Brewing, grabbing an outsize portion of the up and coming marijuana-infused beverage market. This venture is vital to HEXO’s overall value proposition as it’s anticipated to grow into a multi-billion-dollar industry in the coming years.

At the very least, marijuana-infused beverage sales should help transform HEXO into a consistently profitable company, with even Wall Street anticipating them making a profit as soon as 2020.

8. OrganiGram Holdings Inc. (NASDAQ: OGI)

Thanks to a unique three-tier indoor growing system, OrganiGram boasts some of the lowest production costs in the industry for its award-winning dried flower portfolio. The business never really getting caught up in the “green rush” that was responsible for pushing valuations into the upper stratosphere, and is currently selling at about 5-times projected sales for next year.

However, the low valuation isn’t the main reason investors should purchase shares of this stock. OrganiGram has several upcoming ventures anticipated to debut in 2020, including a nano-emulsification product created as a rapid-acting beverage additive and partnering with Canada’s Smartest Kitchen.

OrganiGram’s upcoming marijuana products can turn into significant moneymakers for them as the demand for non-combustible types of cannabis continues to grow. OrganiGram may also be the next marijuana company to strike a significant partnership deal as they actively seek a partner for its nano-emulsification tech.

9. The Supreme Cannabis Company (OTCMKTS: SPRWF)

With a stock price that has been as high as $1.72 and low as $0.51 in 2019, Ontario-based The Supreme Cannabis Company has a market cap almost identical to the Auxly Cannabis Group.

While Auxly Cannabis and Aleafia Health are predicted to be major retailers and/or producers of marijuana, Supreme Cannabis is expected to be more of a mid-tier producer anticipating around 50,000 kilos of product each year from its 7ACRES facility. What sets Supreme Cannabis apart from its competitors is its focus on quality, producing premium and ultra-premium level marijuana. While average and discount grade cannabis has a highly competitive market, there’s minimal competition in the ultra-premium grade level. This leaves investors with little fear of oversupply and incredible pricing power for those companies focusing on growing high-quality pot.

In addition to utilizing genetics in its production of premium marijuana, the 7ACRES facility is also anticipated being among the top-yielding facilities in the marijuana industry with its total flowering space increasing to 230,000 square feet for a run-rate yield of 33,580 kilos annually, more than 45% higher than the anticipated industry average.

Ultra-premium marijuana buyers also tend not to be easily influenced by traditional pot culture, making them less susceptible to downtrends in the economy and leading to more consistent cash-flow for the company.

Most investors believe the popularity of marijuana and other cannabis-related products will continue to grow and will most likely become legal in most, if not all, of the 50 United States. This should translate to a continued increase in value for marijuana companies and their stocks, as well.

For example, some of the leaders in the space include:

• Canopy Growth
• Cronos Group
• and Aurora Cannabis

Once you’re done reading those, it becomes easy to understand why some think MJNA stock is one of the best marijuana penny stocks out there. If trading marijuana penny stocks isn’t your style, then check out these marijuana stocks to buy here.

Now, let’s take a look at the details of Medical Marijuana Inc stock.

OTCMKTS:MJNA Company Overview

Medical Marijuana Inc stock started trading on OTCMKTS around a decade ago. Since its 2009 high of $2.25, MJNA stock is more than 90% off its all-time high (ATH). Now, based on its current price, some investors might see it as a value play. The reason being: Medical Marijuana Inc developed the world’s first legal supply of cannabidiol (CBD).

Now, the company is focused on:

• Creating the international CBD pipeline.
• Cannabis drug and medication development.
• Legal cannabis consumer products.
• Support services for the cannabis industry.
• Developing new markets for medicinal marijuana.

Medical Marijuana Inc Stock owns multiple companies:

• HempMeds.
  • This is Medical Marijuana Inc stock’s distribution company, which delivers high-quality CBD hemp oil products to the global market. HempMeds started in 2012, and it’s become one of the top CBD hemp oil companies in the world. This company services all 50 states in the U.S. and more than 40 countries.
• Kannalife Sciences.
  • This is a biomedical company that engages in the research and development (R&D) of novel treatments targeting hepatic encephalopathy (HE) and chronic traumatic encephalopathy (CTE). Additionally, Kannalife Sciences is researching treatments for neurodegenerative diseases. Now, Kannalife owns exclusive licenses from the National Institutes of Health for the commercialization of “Cannabinoids as Antioxidants and Neuroprotectants.”
• Kannaway.
  • Kannaway has clout in the cannabis industry. That said, Kannaway was the first direct-marketing company to offer cannabis to consumers. Now, Kannaway has evolved into a lifestyle brand and focuses on sustainable and healthy choices with its hemp products.
• Phyto Animal Health.
  • This company offers hemp products to pet, as well as livestock owners. More specifically, Phyto Animal Health offers CBD supplements as an alternative to chemical-based products given to animals.
• HempMeds Brasil.
• HempMed Mexico.

Moreover, Medical Marijuana Inc stock has these brands in its portfolio:

• Kannactiv.
• Real Scientific Hemp Oil.
• Dixie Botanicals.
• Cannabis Beauty Defined.
• Rev!ve.
• CanChew.
• HempVap.
• KannaKick.

Now that we’ve gone over Medical Marijuana Inc stock’s brands and business, let’s take a look at its target cannabis sub-industries.

OTCMKTS:MJNA Target Industries

Here’s a look at Medical Marijuana Inc’s target industries:

Source: OTCMKTS:MJNA

Now, if you look at the chart above, the cannabis industry can be broken down into four sub-industries, which OTCMKTS: MJNA targets. According to The Arc View Group, the cannabis industry is projected to grow from $9.2B in 2017 to $47.3B in 2027… that’s a compound annual growth rate of 18% over the forecast period. Consequently, Medical Marijuana Inc is well-positioned to take some market share in this industry.

More specifically, the sub-industry growth rates can be broken down to:

• Recreational Marijuana: U.S. sales are projected to reach $12.5B by 2025, up from $3.2B.
• Medical Marijuana: U.S. sales are projected to reach $12.5B by 2025, up from $5.1B in 2017.
• CBD Oil: Sales are projected to grow from $202M to $2.1B by 2020.
• Hemp: Product sales are forecast to grow to $1.9B by 2020, up from $820M in 2017.

Moving on, let’s take a look at the chart on Medical Marijuana Inc and some recent catalyst events.

OTCMKTS:MJNA Stock Price Performance

Now, when penny stock traders are looking for potential buys… they often look to price charts. For example, here’s a look at how you could’ve traded it at one point, based on OTCMKTS:MJNA stock price performance.

This pattern is known as a bull flag pattern. With this chart pattern, you see OTCMKTS:MJNA price run higher… thereafter, the stock consolidates and trades within the two horizontal lines. Thereafter, you would buy on the break above the resistance area (or the upper blue horizontal line). As a result, once it runs up 10 to 20%, you take profits. That’s exactly how Jeff Williams trades penny stocks… and he’s used his strategies to generate returns like these:

If you want to learn more about Jeff Williams and how he’s able to generate these insane returns by trading penny stocks… then check out the webinar below.

Moving on.

It’s not only about understanding out to read charts if you want to trade OTCMKTS:MJNA… it’s also about staying up to date on catalyst events, corporate press releases, and industry news. That said, let’s look at some recent press releases.

Medical Marijuana Inc Stock Recent Catalysts

Now, Medical Marijuana Inc has been making moves in the industry. As a result, some traders are eyeing this penny stock… and some think it’s one of the best marijuana penny stocks. For example, Medical Marijuana Inc’s subsidiaries Kannaway, HempMeds, and Dixie Botanicals recently received Certification Seals from the U.S. Hemp Authority. Consequently, this has some investors viewing this as an undervalued stock. You see, Medical Marijuana Inc received these seals because it satisfied several stringent industry standards for quality and safety.

Why is this seal important?

Well, the certification educates hemp farmers and producers about the standards to guarantee consistent quality. Since Medical Marijuana Inc received this seal, the company will gain trust from consumers… and potentially build a market share in the $47.3B cannabis industry.

Not only that, but OTCMKTS:MJNA also launched a new line of herb accessories online. In turn, the company should be able to generate more revenues for the quarters to come. The company introduced 29 new herb accessories to its e-commerce website, which include vaporizers, pipes, and glasses. Additionally, Medical Marijuana Inc offers storage containers and grinders.

Moreover, some of the company’s subsidiaries became the first companies to have CBD products listed in Prescribers’ Digital Reference. As a result of this news, the company could further market its products, which should bring in more revenue.

As always, before you consider an investment in penny stocks, make sure you conduct your due diligence and understand the intricacies of trading penny stocks… like how to avoid the Pattern Day Trader rule, and choosing the right broker.