Pot stocks caught a lot of peoples’ attention because of the explosive growth witnessed as investors rushed into the companies and bid up the prices considerably.
Now that the bubble has completely burst, investments are still available in the sector, but a long-term investing horizon is needed and the major growth overnight is no longer possible.
Now, for investors looking for stocks with high-growth potential similar to that of the pot stocks back in 2016, there is a high-growth tech company with the potential for major rapid appreciation in the shares.
The company is a small-cap security company named Patriot One Technologies Inc (TSX:PAT).
Patriot One is a high-potential tech stock focused on improving the security of a number of end users world-wide. The company has a number of cutting-edge equipment and services it offers, with brand new high-tech advancements built for the modern age.
It started as a company whose focus was to create a safer world from acts of violence and its mission is to improve general public safety by offering top-of-the-line and innovative threat detection and counter terrorism security devices.
In today’s day and age, a number of locations that need improvements to their security such as transportation hubs, concerts, schools, banks as well as shopping centres and health care facilities.
Its strong technology has the ability to detect multiple concealed weapons, including guns, explosives and other potentially dangerous substances such as chemicals.
The company’s platform consists of sensors, alarms and cameras, which are all driven by its cutting-edge artificial intelligence (AI) technology.
The company has focused heavily on improving its AI-powered technology. It offers a number of devices that are unobtrusive and can be layered with multiple different sensors to vastly improve the security and identify threats.
The development of its technology lasted more than seven years from 2009 to 2016, which then turned to testing and refining of the platform that consisted of tweaking the algorithms and testing its platforms with a number of pilot project partners. It’s now entering the final stage of its long development for the market and is ready to begin rolling out its services.
It has even made some strong acquisitions of tech companies that specialize in AI and machine learning to integrate into its own technology and strengthen its platform’s abilities.
As it gets ready to begin to sell its technology to a number of end users, the stock is trading at one of the biggest discounts to fair value that it’s ever seen. The shares are trading just off its 52-week low at a time when the company has the most potential its ever had.
Patriot One is currently trading for a total market cap of just less than $200 million. With the cutting-edge technology it has and the need for its services by many locations and venues around the world, the company could easily be a $1 billion business in the future, which is a more than 415% increase from here.
Its services are critically important. Once it begins selling, it can confidently expect to grow its sales considerably over the next few years, creating a major opportunity for long-term investors who gain some exposure now.
