2 TSX Stocks That Can Double Your $5,000

Finding a few world-class growth stocks to put in your portfolio is a great thing. However, finding companies that can indeed deliver ten times the opportunities is something else entirely.

I’d say there are plenty of companies in the small cap sector (and a few mid and large companies) that would fit this profile. However, Foolish readers who have been following my commentary for a while will know that I have a few specific Canadian companies that I think offer ten times the opportunity (or more) over the next decade.

For those looking to bet their next $5,000 in smaller, high-growth names, here are the two I’d focus on right now.

based in Vancouver The Metal Company (NASDAQ:TMC) might have one of the largest market caps in terms of total addressable market mismatches I’ve seen in a while.

As a pioneer in deep-sea mining (picking up nodules of key battery minerals from the ocean floor), TMC has pioneered a whole new set of technologies and an entire industry. Now that permits have been obtained to begin testing certain areas full of these nodules, it will be interesting to see what the timeline for large-scale operations will be.

There are certainly competitors in this field. But given TMC’s fairly low market cap (in the low few billions) relative to what could later be a multi-trillion dollar market, this is a pretty nice asymmetric bet right now, at least in my opinion.

Curaleaf

I have long thought that the cannabis bubble caused by federal legalization during Trudeau’s first term was exaggerated. That turned out to be true.

However, the American market is a market that has yet to experience this period of growth. A Canadian-listed cannabis company that currently serves most major state markets in the US, Curaleaf (TSX:CURA) remains my top pick for investors looking to benefit from the long-term global growth in the cannabis business.

I expect the US market to be much more lucrative, partly due to stricter regulation of this sector (flushing out much of the black market, which has not yet happened in Canada). This should eventually lead to higher profitability for producers, retailers and the entire value chain.

So, as the leading multi-state operator in the US, Curaleaf is my preferred way to capitalize on this trend, and I stand by this view.