Flower One Cannabis stocks have been heavily impacted by the Coronavirus Pandemic, with prices falling significantly over the last two months. This ‘reset’ of the market has created some fear, but there are also strong opportunities for bargain investors. Flower One Holdings Inc. (OTC: FLOOF) is a pick worth considering. Its bargain price and strong financial position make it interesting in April.

Flower One cultivates, produces, and wholesales Cannabis in the North American market. Based in Canada, it is highly active in Nevada and is aiming to expand into California in 2020. The company has recently added to its capacity, with a 60,000 sq. ft. facility next to its existing 400,000 sq. ft. production headquarters.

Revenue is expected to grow to $54 million in 2020, up from the $130,969 that was reported in the 2019 fiscal year. The current average analyst estimate price for this stock is $2.53, suggesting a strong upside for investors who buy now.

Sales during the coronavirus outbreak are likely to be mild, but the company has more than $30 million of capital assets and $5.6 million of free cash available. This will help it to endure the current economic conditions. For the price upside alone, this is an alternative investment worth considering today.

Key Data:

  • 1 Year Price Growth: -88.45%
  • YTD Price Growth: -61.28%
  • 3 Month Price Growth: -50.41%

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.