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2 sports betting + 2 cannabis stocks : An Investor Telegraph Exclusive

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Sports betting and cannabis stocks are proving to be safe bets in 2021. As the effects of the pandemic are wearing off, Investor Telegraph presents a 2+2 opportunity for investing

GAN Limited (NASDAQ: GAN)

The stock jumped nearly 25% in December, as the bullishness toward online gambling stocks started gaining momentum. But for GAN the biggest news was a public offering of 7.2 million shares for $15.50 per share during the pandemic times. The offering was announced mid-month and raised about $111 million for the company before fees.

This was a big offering for a company like GAN, but it could be the right move long term. Its value looks attractive at its present price of $25

Scientific Games Corporation’s (NASDAQ: SGMS)

The company develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally.

The company is bordering on breakeven, as it is expected to give a profit of US$12m in 2021. In recent trading, shares of Scientific Games Corp crossed above the average analyst 12-month target price of $45.00, changing hands for $45.51share.

The stock has returned a staggering 763% to shareholders over the last five years and looks like an investment at the present price of $47.

GrowGeneration (NASDAQ: GRWG)

GRGW is known for its retail of hydroponic and organic specialty gardening products. In fact, it is currently the largest player in the U.S. with 40 retail and distribution centers.

The stock had a great year in 2020 with its shares grow from about $4 last January to $40 at the end of December — a roughly 900% gain. GrowGeneration also entered the pandemic economy from a place of remarkable strength, having reported 176% revenue growth in 2019.

The company has reported consistent, record revenue increases throughout the pandemic while continuing to expand its retail presence in new key markets. At a price of $ 45, it has all the looks of a potential winner.

OrganiGram Holdings (NASDAQ: OGI)

Based in Atlantic Canada, OrganiGram sells medical cannabis both online and via phone to individuals and physicians. The company operates five healing centers for post-traumatic stress disorder treatment, chronic pain, trauma therapy, and medical cannabis as alternative medicine.

OGI stock gained momentum in the first week of Feb and has since been very actively traded. Medicinal cannabis is now legal in 30 states in America with a projected market of $37.9 billion by 2024 according to research.

The stock looks undervalued at $ 3.00 presently.

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