Benzinga Called It! Converted Organics Gains 25% in 3 Weeks (COIN)

On September 24, Benzinga pointed out a few stocks that could benefit if marijuana is legalized. One stock, Converted Organics Inc. COIN, has performed extraordinarily well in the time since the article. Converted Organics operates processing facilities that use food waste and other raw materials to manufacture all-natural fertilizer and soil amendment products combining nutritional and disease suppression characteristics. The company's products maximize the grow potential of marijuana plants, while minimizing disease. The stock would surely benefit if marijuana fertilizers become more popular and widely-used. When Benzinga pointed out this stock on September 24, shares were trading at $0.432. In the last three weeks, the stock has surged more than 25%, to $0.586. What's especially intriguing about this company is its upside potential. Shares have declined significantly in the past couple years, but traded above $10 in 2008. If the stock can make a run toward $1, the potential percentage gain on this cheap stock would be considerable. Shares are up 6.4% today, to $0.585. Keep an eye on this company, it could surprise you!