Top US Penny Stocks 2018: A Comprehensive Guide

In the dynamic world of stock trading, penny stocks have always been a popular choice for investors looking for high-risk, high-reward opportunities. In 2018, several penny stocks in the United States stood out from the crowd, capturing the attention of both seasoned traders and newcomers. This article will delve into the top US penny stocks of 2018, their performance, and what made them so attractive to investors.

1. Canopy Growth Corporation (WEED)

Canopy Growth Corporation, a leading cannabis producer in Canada, was one of the most notable penny stocks in 2018. With a market cap of just over 5 billion, the company experienced a meteoric rise, reaching a high of 72.45 per share. Canopy Growth’s success can be attributed to its strategic partnerships, strong brand presence, and robust product portfolio. As the global cannabis market continues to expand, Canopy Growth remains a top pick for investors seeking exposure to this rapidly growing industry.

2. Cronos Group Inc. (CRON)

Another top performer in the cannabis sector was Cronos Group Inc. This Canadian cannabis company, which specializes in the development and production of cannabis-infused products, saw its stock soar in 2018. With a market cap of approximately 3.5 billion, Cronos Group’s stock reached a peak of 45.70 per share. The company’s strategic partnerships with major players in the industry, such as Altria Group Inc., contributed to its impressive performance.

3. Green thumb Industries Inc. (GTBIF)

Green thumb Industries Inc., a vertically integrated cannabis company based in the United States, was another standout penny stock in 2018. With a market cap of around 1.5 billion, the company’s stock reached a high of 24.50 per share. Green thumb Industries’ focus on high-quality cannabis products, along with its strong distribution network, helped it gain traction in the market.

4. HEXO Corp. (HEXO)

HEXO Corp., a Canadian cannabis company, also made a significant impact on the penny stock scene in 2018. With a market cap of approximately 2.5 billion, the company’s stock reached a high of 44.70 per share. HEXO Corp.’s innovative approach to cannabis production and its commitment to sustainability helped it attract investors looking for long-term growth opportunities.

5. Tilray Inc. (TLRY)

Tilray Inc., a global leader in medical cannabis research and production, was another top-performing penny stock in 2018. With a market cap of around 5 billion, the company’s stock reached a high of 300 per share. Tilray’s focus on research and development, along with its expansion into international markets, contributed to its impressive performance.

Conclusion

The top US penny stocks of 2018 were characterized by their strong performance in the cannabis sector, strategic partnerships, and innovative approaches to their respective industries. As the global market continues to evolve, these companies remain attractive investment opportunities for those willing to take on the associated risks.