With the meme stock trend in full effect and electric vehicles getting so much attention, sometimes it feels as if cannabis cultivators like Ayr Wellness (OTCMKTS:AYRWF) are getting left behind. That’s a shame because there’s plenty of upside potential with AYRWF stock.
Source: Jetacom Autofocus / Shutterstock.com
InvestorPlace contributor Josh Enomoto actually included Ayr Wellness in his recently published list of the seven best cannabis stocks to buy for the second half of 2021.
That list is a must-read, and it really got me thinking about AYRWF stock. The company’s definitely in expansion mode, so why isn’t the stock price higher?
I have a funny feeling that it will be higher soon as the market comes to appreciate Ayr Wellness’ value proposition. Until then, investors can grab some shares and keep an eye on the company as it’s a cannabis-market up-and-comer worth watching.
A Closer Look at AYRWF Stock
AYRWF stock commenced trading under that ticker symbol on the over-the-counter (OTC) markets, in early December 2020. At that time, the share price was slightly above $20.
A price surge ensued during the next couple of months. The bulls cheered, no doubt, as the stock catapulted to a 52-week high of $37.50 on Feb. 10, 2021.
However, AYRWF stock was unable to hold that level. The share price dropped below $30 in April and stayed there for the next couple of months.
As of June 14, the stock was trading at $28 and change. Is this relatively low price…
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With the meme stock trend in full effect and electric vehicles getting so much attention, sometimes it feels as if cannabis cultivators like Ayr Wellness (OTCMKTS:AYRWF) are getting left behind. That’s a shame because there’s plenty of upside potential with AYRWF stock.
Source: Jetacom Autofocus / Shutterstock.com
InvestorPlace contributor Josh Enomoto actually included Ayr Wellness in his recently published list of the seven best cannabis stocks to buy for the second half of 2021.
That list is a must-read, and it really got me thinking about AYRWF stock. The company’s definitely in expansion mode, so why isn’t the stock price higher?
I have a funny feeling that it will be higher soon as the market comes to appreciate Ayr Wellness’ value proposition. Until then, investors can grab some shares and keep an eye on the company as it’s a cannabis-market up-and-comer worth watching.
A Closer Look at AYRWF Stock
AYRWF stock commenced trading under that ticker symbol on the over-the-counter (OTC) markets, in early December 2020. At that time, the share price was slightly above $20.
A price surge ensued during the next couple of months. The bulls cheered, no doubt, as the stock catapulted to a 52-week high of $37.50 on Feb. 10, 2021.
However, AYRWF stock was unable to hold that level. The share price dropped below $30 in April and stayed there for the next couple of months.
As of June 14, the stock was trading at $28 and change. Is this relatively low price…
