VANCOUVER, BC / ACCESSWIRE / December 13, 2018 / Pot stocks have done well over the past few years, but there's still a lot of potential out there in an industry that is still in its early-growth stages. Specifically, the market for cannabis-infused beverages is still relatively new and could see tremendous sales once things really get going. The Farm Bill in the U.S. just got pushed forward this week and it will be a big step for the industry which could jumpstart the beverages segment.
There are two NASDAQ-listed stocks in this space that could present significant opportunities for investors today.
The Alkaline Water Company (NASDAQ: WTER) (TSX-V: WTER)
The Alkaline Water Company (TSX-V: WTER) (NASDAQ: WTER) recently listed on the NASDAQ and is coming off a record month of November where its sales hit more than US$3.1 million. The Company is expected to hit US$40 million in sales for this fiscal year.
The Company's key product, Alkaline88, is a big reason for its success and the strong performance is expected to continue into next year. A key area where Alkaline Water hopes to grow is in the cannabis industry where its CBD-infused water can potentially provide more health benefits for its health-conscious consumers.
The Alkaline Water Company's A88 Infused division is expected to be the first national U.S. beverage company - and the first NASDAQ-listed company - to bring true water-soluble, full-spectrum features of bioactive natural hemp extract molecules to U.S. consumers.
The Company's impressive sales results coupled with its listing on a major U.S. exchange have sent Alkaline Water's stock soaring more than 25% in just the past month, up to a new 52-week high. However, this U.S.-based stock has a lot more potential in it as unlike its Canadian counterparts, it has a much bigger market that it can tap into.
Many cannabis stocks on the TSX have been struggling lately, as the hype in the industry is starting to slow down. However, one advantage for Alkaline Water is that unlike its counterparts on the TSX, it has access to the U.S. market and it could get a big boost once its cannabis-infused beverages take off.
With roaring sales and distribution in over 47,500 retail locations across the U.S. - including two of the largest retailers in the world - the Alkaline Water Company is expected to not only be the first national U.S. beverage company to bring true water-soluble, full-spectrum features of bioactive natural hemp extract molecules to U.S. consumers, but become a leader in the hemp-derived CBD beverage space.
New Age Beverages (NASDAQ: NBEV)
Another stock that could rival the Alkaline Water Company is New Age Beverages Corp (NASDAQ: NBEV) which has its CBD products ready to go and has been waiting for the Farm Bill to pass. Once that happens, it's off to the races for New Age and it could take advantage of some significant first-mover advantages.
The Company has worked on getting the taste it wants to ensure it doesn't disappoint with consumers, as the demand for these types of products has been through the roof. In a recent press release, The Company's Senior VP of Sales, Michael Cunningham, commented that ''The demand and interest for these products is unlike I have ever seen in my career. Customers loved the taste of New Age's CBD-infused products and many of them committed to bring in the products for sale.''
New Age has the advantage of having several different product lines in its portfolio that have helped The Company generate more than US$50 million in sales last year. The Company's top line has been steady this year, but if its CBD products are able to be released that will be a game-changer for New Age.
The stock has been performing well lately with the share price up significantly as a result of its latest M&A.
Unlike most CBD-infused beverage plays in the stock market, both the Alkaline Water Company and New Age Beverage Corp have tens of millions in sales and a strong built-in distribution platform.
Now that the Farm Bill has passed both the Senate and House, it's off to the races for these two NASDAQ stocks.
Disclosure: Directors of Mugglehead own shares of Alkaline Water.
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