Some investors think growth stocks have lost their mojo.
However, all hope is not lost. Rates remain near historical lows, and there are now some great deals in the growth space today.
In this market, I think the opportunities are very concentrated right now. However, I’ve hand-picked three stocks I think have the potential to outperform this year and beyond.
So, let’s get to it.
Curaleaf Holdings
Cannabis stocks remain topics of discussion among growth investors right now. Indeed, hopes for U.S. legalization are spurring most of these discussions today.
In this environment, I think U.S.-based MSOs like
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Now is as good a time as any to look at new and exciting options to freshen up one’s portfolio. In this article, I’m going to discuss three growth stocks with the potential to provide excellent long-term returns. These stocks are of the higher-risk, higher-reward type. But for investors bullish on growth, that’s the place to be.
Let’s dive into these options.
Lightspeed
Lightspeed POS(TSX:LSPD)(NYSE:LSPD) is near the top of the list.
This provided of point-of-sale (POS) hardware and software products has seen excellent organic growth. However, the company has diversified its portfolio and accelerated its growth through a string of acquisitions of late.
GrowGeneration Corp. (NASDAQ: GRWG)Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is a real estate company specifically focusing on leasing properties to licensed companies in the regulated U.S. cannabis industry. With its most recent expansion, IIP owns 68 properties across 18 states in the U.S. In April the company announced it entered into an agreement with a Jushi Holdings Inc. (OTC: JUSHF) subsidiary in Pennsylvania for a cannabis growing and processing facility. In detail, IIP is adding an additional $30 million in funding for the completion and buildout of the facility and has a total investment of approximately $45.8 million.
In February IIP released full-year 2020 financials that showed strong revenue growth. The company generated total revenues last year of approximately $116.9 million up 162% from 2019 but missed estimates by analysts. Another important part about IIP declared is its dividend to shareholders totaling $4.47 per share a 58% i
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