4 Marijuana Stocks That Made New All Time Highs In 2019

To say investors responded to these announcements positively would be an understatement. There has been so much enthusiasm behind LABS that the stock has been able to carry this momentum into Friday’s trading session where it was able to reach a new all-time high of $3.42. Like GWPH, LABS was unable to hang onto all of its gains Friday as the stock slightly dipped below its all-time high close of $3.23 set in the previous trading session. In 2019 alone, LABS has produced potential gains for investors of over 103%. With all eyes on the Cannabis extraction sector, this is most likely just the beginning of LABS' meteoric rise to the top.

 

Source: Barchart

*Updated March 5, 2019, 12:00 pm EST

#5. Organigram Holdings Inc. (TSXV: OGI) (OTCQX: OGRMF)

After releasing this article last night and reading the comments on social media it was brought to our attention by an investor on our Facebook page that we missed including Organigram on this list. Thank you to Colin MacKay for bringing this to our attention. We have been tracking OGI for a long time and simply overlooked it while putting together this article. To show our appreciation for pointing this out we will be sending Colin a brand new Adidas Cannabis Investor golf shirt. Thanks again Colin for your support.

OGI opened trading on January 2, 2019, at $4.79 and immediately began its ascent towards a new all-time high. OGI’s stock received an extra boost on February 26 when the company announced it signed an LOI with the Quebec government to supply Cannabis to the province. This was a big milestone for OGI as it is now fully established in all 10 Canadian provinces. OGI was able to carry this momentum into this week and as of the time of this writing on March 5 the stock has reached a new all-time high of $9.50. It is also highly likely that OGI will close trading today at a new all-time high closing price. Investors who had the fortitude to load up on OGI when the market was in the toilet were able to realize potential gains of over 98% in 2019 alone.

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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?