The biggest names in the cannabis sector continue to attract all the media attention, and for good reason: they’re industry juggernauts and are considered bellwethers.
But this earnings season, there are a growing number of overlooked marijuana stocks reporting strong financial results.
Two of the more interesting small marijuana stocks that crushed it this earnings season are Terrascend Corp (OTCMKTS:TRSSF, CNSX:TER) and iAnthus Capital Holdings Inc (OTCMKTS:ITHUF, CNSX:IAN). Best of all, both companies provided strong outlooks.
All of which means investors should pay close attention to these two under-the-radar cannabis plays.
Terrascend is the first North American marijuana company with scale operations in both the U.S. and Canada. It’s also the only cannabis company that has logged sales in the U.S., Canada, and Europe. (Source: “Terrascend Investor Presentation, October 2019,” Terrascend Corp, last accessed November 22, 2019.)
The Mississauga, Ontario, Canada-based Terrascend Corp is a recreational and medical cannabis company that supplies products, brands, and services to the global cannabinoid market.
“Apothecarium” is the company’s award-winning cannabis dispensary, with retail locations in Nevada and California.
Terrascend’s acquisition Arise Bioscience Inc manufactures medical marijuana, Ascendant Laboratories is a biotechnology and licensing company, and Valhalla Confections manufactures premium cannabis-infused edibles.
Recent developments have helped bring more attention to Terrascend’s long-term potential.
In October, it received a license from Health Canada to sell cannabis extracts, edibles, and topicals. (Source: “TerrAscend Receives License to Sell Cannabis Extracts, Topicals, and Edibles,” Terrascend Corp, October 22, 2019.)
Terrascend is also in the process of expanding its cultivating and processing facility, from 17,800 square feet to 51,800 square feet. (Source: “TerrAscend Canada Triples Licensed Cultivation and Processing Capacity,” Terrascend Corp, October 7, 2019.)
This crucial step will help Terrascend get its products into Europe and other international markets.