Our stock pick for today will be Cronos. Looks like a decent buy considering the hype around pot stocks.
As the dates gets closer to the Canadian Marijuana legalization(expected Oct 17), positive sentiments may drive this stock up. With alot potential growth and a rumours on Coke + Marijuana(Wild Dreams) this stock is one to watch.
Another counter from the same sector that interest us is Aurora Cannabis. Looks bright long term but high risk due to high speculation.
On a TA point. rebounded above $8 and looks like a potential break out. We will not put all our eggs on this but to diverse a small portion for big growth.
@GoldmanTraderef, Yes it was approved, but not fully legalize.If you read the article it says " 8 - 12 weeks" that date is Oct 17. Just google "marijuana legalize date"
cnbc.com/2018/06/19/canada-approves-recreational-use-of-marijuana.html