4 Marijuana Stocks That Made New All Time Highs In 2019

IIPR has flown under many investors’ radar and in 2019 alone has soared over 81% after reaching an all-time high on February 28 of $81.60. The stock actually closed at an all-time high the day before on February 27th at a price of $79.48. IIPR opened trading on January 2, 2019, at $44.95. With gains like this more people should be paying attention to IIPR.

 

Source: Barchart

#3. GW Pharmaceuticals plc (NASDAQ: GWPH)

The third stock on our list is none other than pot stock OG GW Pharma. When you think of top Marijuana stocks, GW Pharma has to be on your short list. GWPH made major headlines in 2018 when their drug Epidiolex became the first ever Cannabis derived CBD drug to receive FDA approval. This landmark announcement is not what sparked GW’s recent surge up the charts. On February 26, 2019, GW Pharma released its quarterly earnings and announced a 67% increase in revenue bolstered by the start of their Epidiolex sales.

News of GW’s strong financial results caused investors to flock to GWPH and the stock to surge. GWPH carried this momentum into this week and actually hit their all-time high of $182.23 Friday. The stock was not able to hold onto all of its gains and closed trading $176.43. Because of this small pullback, GW’s all-time high close was Friday, March 1, 2019, when it closed the day at $177.34. Investors who were fortunate enough to ride GW’s wave realized potential gains of up to 89% in 2019 alone.

 

Source: Barchart

#4. MediPharm Labs Corp. (TSXV: LABS) (OTCQB: MLCPF)

Last but certainly not least, we wrap up our list with the new kid on the block MediPharm Labs. A relative newcomer to the scene, LABS has wasted no time making a name for itself and fattening investors' trading accounts in the process. The Cannabis extraction specialists made a couple of big announcements in February which helped further propel their stock to new all-time highs. On February 12, 2019, LABS announced it had signed a $35 million Cannabis oil sale agreement. To follow that up, on February 21 the company announced its first international agreement with AusCann Group to export Cannabis oil to Australia.

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I have NOT been compensated for this article and hold NO positions in any of the companies mentioned.

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Weed Investor 1 year ago Member's comment

What are your favorite cannabis stocks that you'd recommend to someone just getting into this space?