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Top Marijuana Stocks To Invest In For Long Term| Five Best Cannabis Stocks For November - YouTube
Channel: Stocks Telegraph
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cannabis has proven to be one of the
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most swiftly growing industries
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with the increasing acceptance of
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cannabis among american consumers and
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other parts of the world cannabis stocks
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are a great asset to add to your
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portfolio
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according to data from leafly an online
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marijuana marketplace legal u.s cannabis
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sales medicinal and recreational
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increased 71 percent in 2020
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that totals around a net value of 18.3
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billion dollars
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still with many growth opportunities
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cannabis stocks could be a risky
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investment
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it could be years before marijuana is
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legalized at the federal level
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until that occurs nothing can be certain
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things are in pipeline and there's a lot
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of enthusiasm around the marijuana
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supporters
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there are cannabis stocks that have
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covered their basics pretty well and are
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already famous among investors
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we bring you the five best cannabis
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stocks to buy and hold in november 2021.
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before we begin subscribe to our channel
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and hit the notification button for
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timely updates
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you can also check our website
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stockstelegraph.com
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for more news on the market the first
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cannabis stock for november on our list
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is altria group incorporated having the
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ticker symbol mo
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ultria group is one of the world's
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largest producers and marketers of
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tobacco cigarettes and related products
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altria has also invested in the canadian
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cannabis firm kronos group
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mo stock is nearing its next earnings
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report which is expected to be october
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28 2021.
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wall street analysts are looking for a
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positive response from altria mo stock
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is projected to report earnings of 1.27
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per share
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that will represent a 6.72
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growth year-over-year
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whereas the quarterly revenue is
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expected around
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5.79 billion dollars up 1.92
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from the year ago period apart from that
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there's another news that could act as a
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catalyst for mo
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the fda recently updated on the
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company's views e-cigarette products
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that are under approval process
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the signals from the fda look positive
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and views e-cigarette products could be
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sold in the u.s
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that would be the first such approval in
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the industry
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there are a few other views products
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that altria is working on
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however they haven't submitted any
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approval request to the fda
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in case if the company gains more
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approvals for its e-cigarette products
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it will be great for the long term this
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year mo stock has gained nearly 21
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investors should keep on following the
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trend and november could be the month to
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gain profits from the stock
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the second cannabis stock on our list is
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high tide having the ticker symbol
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h-i-t-i
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high tide is a pure-play cannabis
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company and has a major stake in canada
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and united states
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however the company is growing globally
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now
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lately the company has made some
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progressive decisions and collaborations
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that make hiti one of the favorite
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stocks for november
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high tide signed a credit agreement with
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atb financial worth 25 million dollars
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that will help the company to establish
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a revolving credit facility with atb
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the agreement comprises an interest rate
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of less than six percent per annum
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that's what the high-tide shareholders
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have been looking forward to securing
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non-dilutive financing from a leading
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canadian bank
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apart from that two other major
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developments are exciting to note
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high tide recently acquired the majority
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stake in blessed cbd
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this acquisition will help high tide to
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enter the global e-commerce marketplace
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for hemp-derived cbd products the second
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major development high tides subsidiary
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cabana has obtained the license to
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operate in the canadian province british
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columbia
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the legal cannabis sales in british
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columbia doubled between 2019 and 2020.
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the total gross revenues in bc were
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recorded at around 290 million dollars
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that opens a major source of revenue for
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high tide
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hiti stock is trading around its major
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support level of the last 52-week period
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roth capital has a buy rating for the
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stock with a price target of 12
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before moving on to the next stock if
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you're still with us please like this
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video
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your support keep us motivated and helps
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us grow
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do share your thoughts in the comment
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box
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the scots miracle grow company is the
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next cannabis stock on our list
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scots trades with the ticker symbol smg
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the scots miracle grow company
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originally began as a manufacturer and
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seller in consumer lawn garden and pest
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control products
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the company now offers plant fertilizers
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for cannabis plants
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moreover scots has multiple cannabis
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adjacent and pure cannabis companies
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smg is really investing big to integrate
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its business into the cannabis market
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smg stock is currently trading near its
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lowest point of the year
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mostly we see companies with their
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stocks trading with overpricing compared
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to their intrinsic value
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when we look at scots shares they are
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trading below their intrinsic value
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that puts the stock in a huge upside
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according to simply wall street smg
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stock is nearly 45 below their intrinsic
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value estimate overall smg shares have
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dropped over 25 year to date
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but lately it has shown signs of
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recovery
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in october the stock is up by
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4.20 percent so far
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that is an indicator that we might be
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heading upwards from here by the end of
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2021
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to support this the quarterly sales have
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increased by almost 8 percent
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that's minimal but considering the p e
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ratio which is
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14.92 shows a strong buying sentiment
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for smg
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is more of a good long-term buy but it
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will give options for investors to make
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profits in the short term as well
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the fourth stock on our list is cara
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therapeutics with the ticker name cara
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cara therapeutics had a spectacular run
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in the first half of 2021 but the stock
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has lost half its value since may
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cara is a biotech firm and biotechs can
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give you a wild ride
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cara's ties to cannabis relate to its
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preclinical research involving c r 7 0 1
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c 7 0 1 is a cannabinoid receptor
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agonist that's designed to treat chronic
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pain
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the company has been impressive on the
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operational side but the stock hasn't
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impressed at all in the past few months
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however if we look at the trend of
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kara's stock it shows that it has given
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plenty of trade opportunities for
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traders and short-term investors the
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technical indicators show that cara
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would be a good buy heading into
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november
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as mentioned the company has progressed
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on development projects
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it recently presented positive results
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from the care phase ii clinical trial of
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oral dye phlychthalin for the treatment
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of atopic dermatitis patients
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carl is currently trading around its
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major support level of the 52-week
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period
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the trend shows that the stock pumps
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from this region
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the current ratio and quick ratio both
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are at 10.80
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showing good short-term prospects for
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business development the last cannabis
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stock on our list is amoris incorporated
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having the ticker symbol amrs amorous
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was part of our previous video best
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cannabis stocks to buy before christmas
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if you want to watch that click on the
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top right corner of your screen
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the company has been performing well and
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amrs could be a solid buy in the coming
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months
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amaris is focusing on expansion and has
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already partnered with various companies
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in driving innovation in biotech
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amrs stock has solid fundamentals that
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make it a good stock to buy any time
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it's in the buying zone
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the return on equity is an impressive
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264
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and the quarterly earning per share has
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improved by a staggering 105
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apart from that the quick ratio and
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current ratio are at 3.10 and 3.70
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respectively
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these are few strong indicators for the
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stock in the short term amorous has
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licensed the onyx genome engineering
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platform from inscriptor a leading gene
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editing technology company
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in collaboration with inscriptor amrs
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will create joint research and
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development opportunities to expand the
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onyx platform functionality the onyx
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platform offers significant potential
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for generating greater genetic diversity
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in amorous projects
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that could lead the company to more
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efficient product innovation
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in september amherst acquired beauty
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labs a leader in ai technology in the
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clean beauty business
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as we have mentioned there are few key
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projects that amrs is working on
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the company means business and exploring
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new ways to generate revenue
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that has really enthused its investors
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the analyst firm cohen recently resumed
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the outperform rating for amrs stock
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with a
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price target
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the average price target for the stock
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is around 22.83
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therefore amrs could be a key player
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among other cannabis stocks to perform
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well in the coming months we'll end our
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video here and would like you to leave
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your responses in the comment box
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we really value your opinions
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also don't forget to subscribe to our
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channel and hit the bell icon
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