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The Most Promising Penny Pot Stocks of 2019

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The Most Promising Penny Pot Stocks of 2019

Becoming an investor in the marijuana industry doesn’t have to be expensive. Penny pot stocks are a great option for people looking to profit from the thriving cannabis market.


The marijuana industry is booming, and now is a great time to buy stock in weed companies. But which stocks are good investments? Keeping up with pot stock news and prices can be overwhelming. This investment can be particularly intimidating when the stocks have a large price tag attached per share. Penny pot stocks are a perfect option if you want to invest in the weed stock market without risking too much money.

What Are Penny Stocks?

Penny stocks don’t literally cost a penny, but they are cheaper stocks generally priced under $1.00. These investments are ideal for beginners and are relatively low risk due to their low costs.¬†However, penny stocks can be highly volatile.¬†Only invest what you’re willing to lose, and don’t risk it all expecting to get rich.¬†

How to Invest in Marijuana Stocks

How do you invest in legal weed and profit from pot stocks? The majority of penny cannabis stocks are traded on the Toronto Stock Exchange (TSX), so it’s helpful to use a broker or service that supports Canadian investments. One service that supports this feature is E-Trade. Regardless, there are always U.S.-based stocks to invest in as well.

What kind of marijuana businesses are you’re willing and interested in supporting? There are a lot of variables at play when deciding which weed companies deserve your investment. Do you want to invest in a cannabis company involved in activism and social justice? Is it important for you to invest in businesses that are profitable and expanding? Do you want to buy cannabis stocks based on celebrity endorsement and the latest industry trends? Asking these kinds of questions will help you make investments that align with your needs and values.

Dank Penny Pot Stocks

Cannabis Science Inc. (OTCMKTS:CBIS)

Cannabis Science Inc. (CBIS) develops, produces, and sells medical marijuana products and cannabinoid-based pharmaceuticals throughout the United States. Their research into medical uses for cannabis has been extensive. Currently, CBIS is participating in a collaborative research agreement alongside the Dana-Farber Cancer Institute. The goal of their partnership is to investigate how cannabinoids could cure various types of cancer.

Cannabis Science Inc. was known as Gulf Onshore, Inc. until April 2009. This company based in Irvine, California and is a subsidiary of Weedmaps Media, Inc. 

Auxly Cannabis Group Inc. (OTCMKTS: CBWTF)

Auxly Cannabis Group, previously known as Cannabis Wheaton Income Corp, changed their name in June 2018. Founded back in 1987, this weed company is currently based out of Toronto, Canada. Recently, Auxly opened a flagship retail location for Kolab Project Inc. in Saskatchewan. 

SpeakEasy Cannabis Club (CSE: EASY)

SpeakEasy Cannabis Club owns around 290 acres of land in Rock Creek, British Columbia, where they are currently headquartered. This collective of cannabis growers plans on producing medical cannabis to sell throughout Canada.

SpeakEasy recently began an expansion project on their 10,000 square foot facility to increase it by 80,000 square feet. The cannabis company hopes to house a growing operation, extraction facilities, and a genetics lab in this new facility. They estimate that it will be capable of producing more than 10,000 kg of marijuana products annually. 

Aleafia Health Inc. (OTCMKTS: ALEAF)

Aleafia Health Inc. is a cannabis company dedicated to unlocking the health and wellness benefits of marijuana. Headquartered in Concord, Canada, this medical marijuana company produces a variety of products including oils, topicals, and capsules. Aleafia operates a network of useful facilities including cannabis education centers and 25 medical marijuana clinics. 

Supreme Cannabis Company (OTCMKTS:SPRWF)

Supreme Cannabis Company produces cannabis products for medical and recreational use in Canada. The company launched a top shelf cannabis oil in partnership with rapper Wiz Khalifa’s Khalifa Kush Enterprises Canada.

Supreme Cannabis Company was previously known as Supreme Pharmaceuticals, Inc. before rebranding themselves in December 2017. This Toronto-based weed company has been incorporated since 1979.

Other Affordable Weed Stocks

These pot stocks may not be as cheap as penny stocks, but the majority are under $10 per share. Weed stocks outside of the penny stock category are generally more accessible to U.S. investors.

CannTrust (NYSE: CTST)

CannTrust is a cannabis company that produces and distributes medical and recreational marijuana throughout Canada. In 2018, they won seven Canadian Cannabis Awards, including ‘Licensed Producer of the Year.’

CannTrust has a 430,000 square foot greenhouse in the heart of Canada’s Niagara region. Their core products are dried marijuana flowers and cannabis extracts for medical marijuana patients. 

HEXO (NYSE: HEXO)

HEXO Corp is an award-winning Canadian weed company that sells dried cannabis, cannabis oil, and fine-milled cannabis powder. This company offers products for both the medical and recreational cannabis market. HEXO Corp was previously known as The Hydropothecary Corporation before rebranding in August 2018. 

Aurora Cannabis (NYSE: ACB) 

Aurora Cannabis is a marijuana company from Canada that distributes several cannabis products on an international scale. The company operates and serves customers in 22 different countries and plans on expanding their reach across the globe.

Aurora’s various marijuana products vary greatly from one another. They produce marijuana flower, cannabis oil, hemp products, CBD, and marijuana-related accessories.¬†

Tilray (NASDAQ: TLRY)

Tilray is a cannabis company and global pioneer when it comes to the research, cultivation, and production of marijuana and cannabis-based products. This Canadian company exports their goods internationally to countries such as New Zealand, Australia, Chile, Argentina, Germany, South Africa, and more. 

Aphria Inc. (NYSE: APHA)

Aphria Inc. produces a variety of medical marijuana strains ranging across the sativa, hybrid, and indica spectrum.

The cannabis company produces their own marijuana flower and cannabis oils, which can be purchased online. Aphria Inc. is headquartered in Leamington, Canada. 

Are you ready for the weed stock market?

The cannabis industry is massively profitable, and investing in weed stocks could secure you some of that cash. Additionally, investing in marijuana companies can be enjoyable and will keep you in the loop on industry updates. Penny pot stocks are affordable, but they can be even more volatile than pricier stocks.  For beginners or investors on a budget though, these less expensive weed stocks are a great option.

This article is not an endorsement of these companies or their stocks. Use this guide as a starting point to affordable stock options within the cannabis industry, but always do your own research. Please invest responsibly. This article does not represent the opinions of Dank or the author Cael on whether to buy, sell, or hold shares of a particular stock. 

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