ASX-listed pot stocks reviewed

So-called pot stocks have been popular on the ASX since the start of 2017, with a number seeing their share prices rocket up.

Stemcell United Ltd (ASX: SCU) saw its share price climb nearly 3,000% in one day in March after announcing that it had appointed the industry-acclaimed “King of Cannabis” Nevil Schoenmakers as a strategic adviser.

A portfolio of the following 14 ASX companies involved in the marijuana sector has rallied 278% since the start of this year.

The largest, TPI Enterprises Limited (ASX: TPE) has a market cap of $137 million according to Commsec. Medlab Clinical Ltd (ASX: MDC) has a market cap of $84 million says Google Finance, followed by MMJ Phytotech Ltd (ASX: MMJ) with $71 million and then Auscann Group Holdings Ltd (ASX: AC8) which is valued at $57.5 million.

MGC Pharmaceuticals Ltd (ASX: MXC) is valued at $48.3 million, closely followed by Cann Group

... read more at: http://www.fool.com.au/2017/07/05/asx-listed-pot-stocks-reviewed/

Leave a Reply

Your email address will not be published. Required fields are marked *