ACOL is NOT in the Cannabis business, and yet it i
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So why is this company such a fantastic buy? For several reasons!
They have entered the Canadian market that is about to legalize the use of Cannabis and this will explode the use of their container product line.
Also consider the value to the Cannabis sellers. They want to attract customers and the marketing of their products and they in turn will also make available the containers to keep their products fresh. Pot exposed to air will in time like all plants will dry out and become rotten garbage and so keeping the cannabis as fresh as possible for the longest time will help sales.
That being said the cannabis sellers would do well to control the market by eliminating as much competition by owning ACOL and using the containers for their own products. So that means ACOL is a take over candidate. Well if they are a buy out target in the future and the price keeps rising the acquiring company will have to pay more for the company, (ACOL). You see where I am going with this?
The direction for this stock is up.
Yes there are other container manufacturers, however none as well established as ACOL and even so they also will be a target for take over and that will limit the cannabis competition. Oh and ACOL is not limited to just Canada. As the United States expands the use of cannabis both for casual and medical use the market will continue to grow.
So with all this said is ACOL a buy and hold.YOU BETTER BELIEVE IT OR YOU WILL MISS OUT ON A KILLING!