Cannabis — Penny Stocks To Buy 2017
Growth in Canadian medical sales and preparation for adult-use Partnership with Constellation Brands InMed Pharmaceuticals Research into cannabinoid-based therapies
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: While large-cap players saw triple-digit gains, ultra-low-priced "sub-penny" stocks saw even more extreme volatility. For example, Sprout Tiny Homes Inc. (STHI) reportedly gained 7,150% during the year, while UMF Group Inc. (UMFG) rose 7,100% . Growth in Canadian medical sales and preparation for
: A watershed moment occurred in October 2017 when beverage giant Constellation Brands bought a 9.9% stake in Canopy Growth for $245 million. This validated the industry to institutional investors and triggered massive rallies across other penny stocks like Aurora Cannabis , which surged as investors searched for the next major partner. For example, Sprout Tiny Homes Inc
While 2017 was a banner year, it was also highly speculative; subsequent years saw many of these same stocks lose significant value as the "hype" met the reality of post-legalization logistics.
: A unique feature of 2017 was the divergence between markets. While Canadian licensed producers (LPs) like Aphria and Village Farms flourished under a clear path to federal legalization, U.S.-based stocks remained largely stagnant due to federal prohibition and legal uncertainty. Notable Performers of 2017 Stock Name 2017 Performance (Approx.) Key Driver Aurora Cannabis (ACB)