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Investing in the stock market does not require huge capital upfront. Even with small but regular investments, one can create a significant fortune over the long term. Meanwhile, here are four Canadian stocks with substantial growth potential but are currently available for below $10.
Goodfood Market
My first pick would be
Goodfood Market (TSX:FOOD), which had reported an impressive second-quarter performance on Wednesday. Its top line grew 71% year over year to $100.6 million. The expansion of its product offerings, the introduction of a same-day delivery option, and an extensive subscription base drove its revenue. Its adjusted EBITDA margin expanded by 5.5% amid the expansion of gross margin and lower SG&A expenses.
AgraFlora Organics International Inc intends to be a top cannabis player in Canada and Europe
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Insider Cannabis Newsletter: April 9
businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.
Full Spectrum Cannabis Products Industry Expected To Remain Robust Through 2027
Financialnewsmedia.com News Commentary
PALM BEACH, Fla., April 8, 2021 /PRNewswire/ Cannabis extracts have gained wide recognition in recent years and are expected to provide impetus to cannabis market growth. Based on product type, cannabis extracts are classified into oils and tinctures. Growing legalization of cannabis in various countries, preference for cannabis oil and tinctures, and adoption of medical marijuana for treating chronic diseases like arthritis, anxiety, and Alzheimer s are the major factors propelling the growth. According to a report from Grand View, the oils segment is expected to dominate the market and is anticipated to witness the fastest CAGR of 17.5%, through 2027. The report added that the global cannabis extract market size is expected to be valued at US $28.5 billion by 2027, and it is projected to expand at a CAGR of 16.6% through 2027 also. Other key findings of the r
AgraFlora Organics CEO says recent asset sales give ‘us the financial flexibility’ to enter lucrative markets
CEO Elise Coppens said AgraFlora is in “the best financial shape that it has been in over 24 months” after the sale of EIC and AAA Heidelberg Coppens said the Edibles and Infusions Corporation sale to Organigram for proceeds of up to $35 million was a strategic decision
AgraFlora Organics International Inc (CSE:AGRA) (OTCMKTS:AGFAF) (FRA:PU31) CEO Elise Coppens told shareholders the “transformational sale” of two of its assets provided the company with the financial flexibility to look at entering more lucrative markets.
On Tuesday, AgraFlora struck an agreement to sell The Edibles & Infusions Corporation (EIC), an entity in which AgraFlora owns 43%, to Organigram Holdings Inc (TSE:OGI) (NASDAQ:OGI) (FRA:0OG) for $35 million.