Jim Cramer - Mad Money
GrowGeneration Corp.
GRWG-Q
WATCH
Dec 02, 2020
It has doubled in the past month after he had recommended it before the election. Now, he's letting it cool off. It's a fine way to play cannabis with Biden in the White House.
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)
(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.