CannexCannex Capital Holdings Inc. (OTC: CNXXF) has been one of the fastest growing cannabis stocks on the public market this year. With growth above 160% so far, many investors have wondered whether this penny stock is still worth a look. Has growth peaked, or is it worth buying and holding long term?

The company operates a unique business model where it leases property and sells supplies to processors, dispensaries, and cultivators in the cannabis industry. The company also provides consulting services, allowing it to maximize its revenue from the growing legal cannabis industry in Canada.

The company reported earnings of $6.9 million in the 2018 fiscal year. This was the company’s first ever fiscal report after offering public over-the-counter stock. According to financial documents, the company has cash equivalents of $11.8 million, working capital of $4.1 million, and total assets of $13.7 million. One thing to understand about this stock is that the company is small. An investment is based on growth speculation, which cannot be guaranteed. However, if Cannex can capitalize on its potential, there could be significant gains for investors.

Recent property acquisitions will continue to increase revenue for Cannex. It has also entered the CBD market, which is expected to be worth $22 billion by 2022. This is an alternative stock with risk, but the potential reward could be high. Cannex is well positioned to grow along with the Cannabis industry, and today’s low price makes it accessible to every investor.

Key Data:

  • 1 Year Price Growth: 27%
  • YTD Price Growth: 20%
  • 3 Month Price Growth: 71%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.