Stockchase Opinions

Jim Cramer - Mad Money GrowGeneration Corp. GRWG-Q BUY Nov 04, 2020

They run a chain of hydroponic superstores. It's growing fast through acquisition. Just two days ago, they snapped up the 3rd-largest chain to expand in California and Oregon. This industry is ripe for consolidation.
$18.980

Stock price when the opinion was issued

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BUY
It reports Wednesday and he expects strong numbers. Legalization is unstoppable as more and more states legalize weed--GRWG can only benefit.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly GRWG is a unique way to gain exposure to the "budding" cannabis market. What makes them different is that the company sells supplies (nutrients and hydroponic gear, for example) to growers. Plus they consult on major new projects and operate in 12 states. The company has been profitable since going public in 2019. It is estimated to have grown its cash position to over $160 million. Earnings are expected to double again this year to $0.38 per share. We would buy this with a stop loss at $27.50, looking to achieve $56.50 -- upside potential over 29%. Yield 0% (Analysts’ price target is $56.57)
COMMENT
Reports Tuesday morning. It tends to soar after it reports and this will happen again as cash-strapped states continue to legalize weed.
BUY
He liked it back in the teens, then it leapt to $60 and he aborted ship, then it came back down. Loves it as a cannabis play, better than its peers.
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Apr 20/21, Down 35.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GRWG has triggered its stop at $27.50. We recommend covering the position at this time. We will look for better opportunities elsewhere.
DON'T BUY
He recommended it in the $10s, then he didn't (sell signal) in the $40s and he hasn't looked back.
DON'T BUY
They reported a weak quarter, lacking organic growth.
DON'T BUY
He owned this in the teens then sold in the 40s-50s. He didn't want to get greedy. He's never looked back.
DON'T BUY
They did one roll-up too many. Their time has come and gone.
DON'T BUY
He bought, sold and didn't look back. Its time has come and gone.