Alimentation Bargain pot stocks are heavily discounted in today’s market, with some falling into the penny-stock range. While this creates plenty of opportunities, many investors are looking for stable and proven picks that still offer plenty of value. Alimentation Couche Tard Inc. (OTC: ANCUF) is outside of traditional bargain territory with a closing price of $24.52 on Monday, however, some elements make it an option to consider in April.

Alimentation Couche Tard is an independent convenience store operator based in Canada. It operates company-owned and franchised stores. Its main products include general convenience goods and fuel. Most recently, it has invested in cannabis company Fire and Flower with a 10% stake. This gives it access to the cannabis retail market. It aims to leverage its well-known brand and wide distribution network to break out in the adult-use industry.

Unlike most bargain cannabis stocks, this company generates yearly profits of over $1 billion and currently has around $1 billion in free cash. This makes it more financially stable than other competitors in the cannabis market. Revenue has increased in all of the previous five fiscal years. With a price target of $30.56 and a dividend yield of 0.79%, there’s both an income and growth opportunity here for investors.

Key Data:

  • 1 Year Price Growth: -18.47%
  • YTD Price Growth: -22.17%
  • 3 Month Price Growth: -24.37%

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.