Are you looking for the next big cannabis investment? Valuations are high right now, as over the past year the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) has soared more than 140%. That's well above the S&P 500 and its remarkable gains of 70%. That means you will be paying a hefty premium for many pot stocks right now.
However, there's one popular way to get in early (and secure a cheap valuation) on what might be the next big thing. That's by investing in a special purpose acquisition company (SPAC). Investing in a SPAC is a riskier move, since you don't have years of financial records to sift through and analyze, but if you are willing to take a chance, a SPAC could set you up for some strong gains. And there's one that is particularly attractive that you should keep a close eye on today: Greenrose Acquisition Corp (NASDAQ: GNRS) .
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For further details see:
This Hot New Cannabis SPAC Gives Investors Exposure to Some of the Hottest Markets