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13 Cannabis Stocks Investors Should Be Looking At Instead Of Rocky Mountain Brands - Mushroomstocks | Mushroomstocks
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13 Cannabis Stocks Investors Should Be Looking At Instead Of Rocky Mountain Brands

Sep 22, 2017 • 11:02 AM EDT
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2 MIN READ  •  By Michael Berger
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While the legal marijuana industry offers investors a lot of attractive investment opportunities, it also offers a lot of risk.

Investors must be selective if they want to capitalize on this burgeoning industry and focus on companies that are executing on business initiatives, well capitalized, and led by a management that is focused on creating value for company shareholders.

Yesterday, we highlighted Terra Tech (TRTC) as a stock to be careful with as insiders and management (including the CEO and CFO) have been selling stock while claiming that the company is in the middle of a major turnaround.

When investors are looking at marijuana stocks as an investment opportunity, it is important to analyze the company’s structure. We especially recommend considering the number of shares outstanding and authorized.

Rocky Mountain Plunges After Increasing the Authorized Share Count

Today, we want to highlight another company that we believe investors need to be cautious with. The company, Rocky Mountain High Beverages (RMHB) is a company that we have been on the sidelines with for a long time and we remain cautious at current levels.

Yesterday, Rocky Mountain High Brands saw its shares plunge more than 23% after announcing that it was increasing the number of authorized shares to 4 billion.

The company’s President and CEO Michael Welch said this increase was done to accommodate equity financing, to provide capacity for acquisition opportunities, and to provide RMHB flexibility well into the future.

13 Stocks to Watch 

We remain on the sidelines and cautious with RMHB after yesterday’s move lower and will monitor how the shares trade from here. The shares rallied well off its lows yesterday and RMHB was down more than 38% at one point (traded as low as $0.017).

Over the last few years, the marijuana industry has seen incredible growth and this has led to a significant increase in the number of investment opportunities available. While we are favorable on this growth, investors need to be careful and focus on companies that are positioned to be leaders for years to come.

We want to help investors focus on some of the best positioned cannabis stocks and have listed 13 stocks that we are favorable on over the long-term: GW Pharmaceuticals (GWPH), Canopy Growth (WEED.TO) (TWMJF), OrganiGram (OGI.V) (OGRMF), Emblem Corp. (EMC.V) (EMMBF), Kush Bottles (KSHB), Aphria (APH.TO) (APHQF), Aurora Cannabis (ACB.TO) (ACBFF), Reliq Health Technologies (RHT.V) (RQHTF), Isodiol International (ISOLF) (ISOL.CN), CannTrust (TRST.CN), Invictus MD Strategies (IMH.V) (IVITF), Lexaria Bioscience (LXRP), and Cannimed Therapeutics (CMED.TO) (CMMDF)

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.


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