In this video, Irk dives deep into the untapped potential of #GrowGeneration (#GRWG) #stock as an #investment opportunity. GrowGeneration is a leading provider of hydroponic and organic gardening supplies in North America, catering to both commercial and home-grow markets.
With the increasing popularity of cannabis cultivation, GrowGeneration has witnessed exceptional growth in recent years. As more states legalize the use of marijuana for medicinal and recreational purposes, the demand for hydroponic supplies continues to surge. GrowGeneration stands at the forefront of this burgeoning industry, offering a comprehensive range of products and services.
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CHAPTERS:
0:00 What is GrowGeneration and what products and services does it offer?
0:47 Is GrowGeneration’s stock as volatile as the rest of the cannabis sector?
1:15 How can an investor manage risk when investing in a sector like cannabis?
1:44 What happened to cannabis stocks after the Department of Health and Human Services (HHS) recommended reclassifying cannabis?
2:04 What are some Buying and Selling Price Targets for GrowGeneration’s stock?
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2 Comments
What do you think of investing in GrowGeneration (GRWG) or cannabis stocks, in general? Are they uninvestable until Congress or the DEA makes a move?
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I bailed on GRWG a couple of months ago, haven't looked back but maybe I should. I bought a very few TLRY soon after seeing your video on it. More or less have my own ETF of pot stocks, largest being HITI, which has covered calls on it. I didn't intend for HITI to be as big as it is (still small percentage), but kept buying as it plummeted to bring my cost down, generally with the option premiums. I'd have done the same with GRWG, but didn't make it to 100 shares and when it popped, I took advantage of a not quite so huge loss.
Big addition – re-addition – this week was CSIQ. I got assigned a put. Owned it for a couple of years previously and it was very good for covered calls until it sadly (but profitably) got called away. I'm happy to see it affordable again. It won't stay there.
Have good week, Irk.