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Cheap Weed Stocks: The Best Marijuana Stocks Under $10 for 2019

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September 7, 2021
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Attitudes towards the legality of cannabis are slowly shifting around the world. Likewise, investor appetite for a growing number of cannabis company stocks is exploding. While most are traded in OTC markets, there are now a wide variety of cannabis-related investment options for investors. We’ll explore some cheap weed stocks in this article.

Most of the “household names” of the cannabis industry are either not publicly traded, or incredibly overvalued. So where does one find cheap marijuana stocks that may have more potential for appreciation over time? Right here is a good place to start!

Less Flash, Less Cash

The secret to finding cheap weed stocks that trade at reasonable P/E or forward P/E ratios is to skip over the flashy names. While Tilray trades at 4x it’s recent IPO price and Canopy Growth has a market cap of over $10 billion (despite a negative EPS of -$1.70), other lesser-known names may trade at more reasonable levels. Some of the best cheap weed stocks are outlined below.



OrganiGram Holdings Inc (OGRMF)

Ticker: OGRMF
Recent stock price: $3.75
Forward P/E (estimate): 28



OrganiGram Holdings is a small cannabis grower listed in Canada. It’s available for investment in the OTC markets under the ticker OGRMF. More info here.

OrganiGram is less flashy than many rivals, largely because it’s a smaller operation. It focuses on its primary grow site, which aims to yield over 100,000 kg of cannabis per year by 2020. By having a single grow site as the focus, OrganiGram – and its investors – hope to see better margins and quality control.

They are also focused on being a reliable supplier of high quality products, including cannabis oils. The management team appears to be taking a quality over quantity approach, which is rare for publicly traded cannabis firms. It’s difficult to say how this approach will play out, as there is much uncertainty surrounding the future pricing power of the larger cannabis producers.



OGRMF currently trades in the $3.50-$4 per share range, with a reasonable forward P/E of around 28, according to the latest estimates.

CannTrust Holdings Inc (CNTTF)

Ticker: CNTTF
Recent stock price: $5.50
Forward P/E (estimate): 24

CannTrust Holdings, another Canadian grower, is another good cheap marijuana stock. It trades under the ticker CNTTF on the NASDAQOTH. You can listen to their most recent earnings call here.

CannTrust is both a grower and a producer of various cannabis products, including oils. This allows them to boast higher margins than many of their peers, and they maintain a significant foothold in the Canadian medical marijuana market. They are certainly not the largest producer, but their focus on high quality and unique products gives them an edge.

Planned expansions will increase CannTrust’s growing capacity to more than 1 million square feet, potentially allowing it to further improve operating margins while increasing output.

Based on recently available data, the company trades at a forward P/E of about 24. The share price is currently trading in the $5-$6 range. From a fundamentals standpoint, this is one of the cheapest weed stocks out there.

KushCo Holdings, Inc (KSHB)

Ticker: KSHB
Recent stock price: $5.50
Forward P/E (estimate): N/A

KushCo Holdings, formerly known as Kush Bottles, is a bit of a different company than the others on this list. KushCo does NOT grow or produce any cannabis products. Instead, they are an ancillary provider, selling packaging solutions, vaporizers, branding solutions and more.

Their position as a ancillary cannabis company puts them in a unique – and potentially lucrative – position. While cannabis producers fight viciously for market share in a low-margin industry, KushCo benefits from the overall growth of the cannabis market – and appears to have fewer direct competitors than most growers.

KushCo is also headquartered in the US, whereas most weed stocks are located abroad (mostly in Canada). It trades at a reasonable level, and while it doesn’t have the same flash as the large cannabis producers, it still may be a worthwhile investment to look into.

KushCo is currently trading in the $5-$6 per share range. Earnings per share are negative, but management’s outlook is positive. Given the non-producer status of KushCo, this company presents a unique play on the cannabis industry.

Thoughts on Cheap Weed Stocks

If you want to find cannabis related stocks that aren’t trading at insane valuations, this list of cheap marijuana stocks is a good place to start. There are definitely other options out there, so we encourage you to explore! You can get some other ideas and industry data over at The Marijuana Index, a third-party industry watch group.

Disclaimer: The author has no position in any stock listed here. Investing in stocks carries risk, particularly when it comes to cannabis stocks.

This article is intended only as a starting point for your own research. You should always do your own due diligence on any investment you are considering.

ABOC Platinum Rewards Card Review

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September 5, 2021
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ABOC (Amalgamated Bank of Chicago) offers a number of good credit cards, including the Platinum Rewards card. If you have average credit or better, you might consider applying for this card. Learn more in our ABOC Platinum Rewards Card review.

ABOC Platinum Rewards Card review

ABOC Platinum Rewards Card Review: The Basics

  • No annual fee
  • 0% intro APR for 12 months (purchases & balance transfers)
  • $150 signup bonus after spending $1,200 in first 90 days
  • Earns 1 reward point per $1 spent on all purchases
  • Equivalent to 1% cash back
  • Redeem for statement credits, gift cards and more
  • Points do not expire as long as your account stays open
  • Extended warranty and price protection benefits
  • Full details here

ABOC Platinum Rewards Card Review

Now that we know the basics, is the Platinum card actually worth getting?

That depends. For folks with average to good credit (roughly a FICO of 630+), this is a fairly good option. It’s relatively easy to get approved for. If your FICO score is lower than 630, you may be better off with a secured credit card.

For folks with good to excellent credit, there are better no annual-fee cards to consider, such as the Citi Double Cash or the Uber Visa.

All that said, for folks in the average credit score range, this is actually a pretty solid credit card.

There’s no annual fee to worry about, the card earns a basic 1% back on all purchases, and there’s a $150 signup bonus. You may also benefit from the 0% intro APR offer, which lasts for 12 months from account opening (but note the 3% balance transfer fee).

For this category of cards, the 0% intro APR and $150 signup bonus are generous. That said, the ongoing rewards and perks are somewhat lackluster, considering there are cards offering better rewards earning rates. Depending on how much you plan to spend on the card, you may be better off going with a card with a higher earning rate.

Bottom Line

To sum up this ABOC Platinum Rewards review, we’ll say this:

For folks in the “average” credit score range of 630-700 or so, this is a solid card and well worth considering.

For folks in the “good” to “excellent” credit score range of 700+, there are better options.

The card comes from ABOC, a trusted bank with nearly 100 years of industry experience. They were founded on the principle of supporting union members and laborers, and remain dedicated to community enrichment today. In short, they are a bank you can trust.

Thanks for reading our ABOC credit card review. Leave a comment if you have questions, or if you would like to share your own experience with this bank.

Total Visa Unsecured Credit Card Review & Card Details

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September 4, 2021
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There are tons of credit cards out there – but not many options for folks with poor credit, or no credit at all. There are a couple options, though – one of which is the Total Visa. Keep reading for our Total Visa Unsecured Credit Card review.

Total Visa Unsecured Credit Card Review

Total Visa Unsecured Credit Card Review – Basics

  • For people with low/no credit
  • Does not require a security deposit (unsecured)
  • Does not earn rewards
  • Initial credit limit of $225, with options to raise over time
  • $89 one-time processing fee for starting your account
  • $75 annual fee first year; $48 per year after first year
  • $ 0 servicing fee first year; $75 per year after that
  • $29 annual fee for additional card

Who is it For?

This card really only makes sense for folks who don’t have many other options. Even if you have poor credit, there are good odds of getting approved for this product. And because you don’t have to do a security deposit, the upfront cost is a bit lower.

With that said, the fees on this product are pretty brutal. See the full review below for more info.

Total Visa Unsecured Credit Card Review

This card has extremely high fees. In the first year you’ll be hit with the $89 initial processing fee, plus the $75 annual fee, for a total of $164. In the second year, you’ll have the $48 annual fee, plus $75 servicing fee.

Honestly, that’s too many fees for a card that only offers an initial credit limit of $225. You technically get a $300 initial credit limit, but the annual fee hits right away, reducing your available credit to $225 before you even get the card in the mail. You can see the full terms of this card here.

The big “perk” of this card is that it’s unsecured. There are other unsecured cards with better terms, however. Plus, you may be better off using a secured credit card anyways, particularly considering the high fees of this card.

Think about it this way: A secured card might require you to deposit $300 in order to get a $300 credit line. The money remains yours, locked in an account you can access later. With the Total Visa, you don’t have to make that security deposit – but, you have to pay $89+$75 up front in fees, money which is no longer yours.

For most people, a quality, low-fee secured credit card like the Discover IT Secured is  a far better option.

Thanks for reading our Total Visa credit card review! Leave a comment if you have any questions.

Refinance Student Loans and Save Money?

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September 4, 2021
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The average student graduates college with more than $30,000 dollars in student loans.

Apply Now

Borrowers don’t always realize that their loans are costing them more than they think.

Interest is tacked on to the loan amount (i.e., principal) making the total cost of the loan greater.

While there is no way to eliminate student loan debt without paying it off, there are some tactics to reduce the overall cost of the principal and interest combined.

One way is with a student loan refinance.

Depending on how long you’ve been out of school, your annual income and credit history is likely to have improved.

By refinancing your existing student loans you may see a dramatic reduction in your interest rate – even a few points.

With only a few exceptions, it is generally advisable for all student debt holders to at least explore a refinancing scenario, especially since getting your rate through LendKey’s platform will have no impact on your credit score.

Refinancing student loans allow you to do a few things.

loans

If you have multiple loans, you can combine them into one brand new loan making it more convenient to stay on top of personal finances.

You’ll also sometimes have the opportunity to release cosigners on your existing loans eliminating them from any liability for your loans.

But probably most exciting is the opportunity to save money. With a student loan refinance, you are replacing all of your existing student loans (or a single student loan if you only have one) with a new loan with new terms.

By qualifying for a lower interest rate or reducing the payback period of the new loan, you could save thousands in interest over the life of the loan.

Is there a catch to refinancing student loans?

You still have to qualify for a loan to refinance.

However, the idea is that over time your credit score has improved and you are now bringing in a steady income with the degree you got.

A better credit score could mean more attractive loan terms and rates.

With a steady income, you would also be viewed as a lower-risk refinancer.

You would need to carefully consider when refinancing federal student loans though because they often come with benefits, such as loan forgiveness in certain career paths.

When refinancing, you’d lose those student loan benefits—so decide whether or not you’d use any of them before refinancing.

How to Refinance?

Depending on the type of loans you have, there are two options when refinancing your student loans.

If you have only federal student loans, refinancing is usually done through the Federal Direct Consolidation Loan Program offered by the government.

If you have private student loans, you’ll have to go through a private lending institution such as a bank or credit union.

Finally, federal and private student loans can both be combined into a single new loan with better rates, better terms and one easy-to-keep-track-of bill to pay every month.

However, it must be done through a private bank or credit union. Keep in mind that refinancing federal student loans will eliminate the benefits that come with them.

When you’re ready to get started, LendKey can help you navigate your student loan refinance through our network of more than 300 credit unions and community banks.

Refinance Student Loans and Save Thousands?

By
-
September 4, 2021
0

The average student graduates college with more than $30,000 dollars in student loans.

Apply Now

Borrowers don’t always realize that their loans are costing them more than they think.

Interest is tacked on to the loan amount (i.e., principal) making the total cost of the loan greater.

While there is no way to eliminate student loan debt without paying it off, there are some tactics to reduce the overall cost of the principal and interest combined.

One way is with a student loan refinance.

Depending on how long you’ve been out of school, your annual income and credit history is likely to have improved.

By refinancing your existing student loans you may see a dramatic reduction in your interest rate – even a few points.

With only a few exceptions, it is generally advisable for all student debt holders to at least explore a refinancing scenario, especially since getting your rate through LendKey’s platform will have no impact on your credit score.

Refinancing student loans allow you to do a few things.

loans

If you have multiple loans, you can combine them into one brand new loan making it more convenient to stay on top of personal finances.

You’ll also sometimes have the opportunity to release cosigners on your existing loans eliminating them from any liability for your loans.

But probably most exciting is the opportunity to save money. With a student loan refinance, you are replacing all of your existing student loans (or a single student loan if you only have one) with a new loan with new terms.

By qualifying for a lower interest rate or reducing the payback period of the new loan, you could save thousands in interest over the life of the loan.

Is there a catch to refinancing student loans?

You still have to qualify for a loan to refinance.

However, the idea is that over time your credit score has improved and you are now bringing in a steady income with the degree you got.

A better credit score could mean more attractive loan terms and rates.

With a steady income, you would also be viewed as a lower-risk refinancer.

You would need to carefully consider when refinancing federal student loans though because they often come with benefits, such as loan forgiveness in certain career paths.

When refinancing, you’d lose those student loan benefits—so decide whether or not you’d use any of them before refinancing.

How to Refinance?

Depending on the type of loans you have, there are two options when refinancing your student loans.

If you have only federal student loans, refinancing is usually done through the Federal Direct Consolidation Loan Program offered by the government.

If you have private student loans, you’ll have to go through a private lending institution such as a bank or credit union.

Finally, federal and private student loans can both be combined into a single new loan with better rates, better terms and one easy-to-keep-track-of bill to pay every month.

However, it must be done through a private bank or credit union. Keep in mind that refinancing federal student loans will eliminate the benefits that come with them.

When you’re ready to get started, LendKey can help you navigate your student loan refinance through our network of more than 300 credit unions and community banks.

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