Winning Cannabis Stocks in 2019? Extractors
It’s well known that 2019 was a brutal year for cannabis stocks. But, as reported by Bloomberg, there were some winners in the sector, and they tended to be the extractors. Examples include Valens Co., with gains of 127% for the year, and MediPharm Labs Corp., which was up 122%. Both companies are extractors from Canada.
CEO of Faircourt Asset Management, Charles Taerk, is quoted in the article as saying, “…a love for these companies [was built] because their return on invested capital is so great, they’re so efficient.”
The companies extract cannabis oil to be used in a range of cannabis products, such as vapes, edibles, beverages, and topical products.