Here are 3 hot IPOs that hit the ASX boards recently

Credit: Cimexus

In the last couple of weeks there have been a number of notable IPOs which have caught my attention.

Three which really stood out for me are listed below. Here’s what you need to know about them:

Cann Group Ltd (ASX: CAN)

Possibly the hottest industry on the Australian share market right now is the medicinal cannabis industry. So it’s not surprising to see a couple of new listings hit the bourse last week. One of those is Cann Group, which is focused on the breeding, cultivating, and manufacturing of medicinal cannabis for sale and use within Australia. Cann is perhaps best-known as being the first company in Australia to be granted a licence to research and cultivate medicinal cannabis. With a talented management team rich in experience, Cann is certainly one to watch.

Hydroponics Company Ltd (ASX: THC)

The Hydroponics Company aims to be a leading manufacturer and distributer of cannabis products and equipment. Unlike the majority of pot stocks on the Australian share market, this diversified cannabis company is already generating revenue. Yesterday Hydroponics Company announced a 22% increase in revenue to $1.1 million for its wholly owned Crystal Mountain/Dragon Vision business. As a result, management believes it is on target to achieve its full-year revenue forecast of $5 million. I feel it could be worth digging a little deeper into this company.

UUV Aquabotix Ltd (ASX: UUV)

This exciting underwater robotics company landed on the Australian share market at the end of April. It manufactures commercial and industrial grade unmanned underwater vehicles (UUVs), as well as commercial and industrial grade networked underwater cameras. Just like regular aerial drones, there seems to be endless uses for UUVs. Defence, law enforcement, aquaculture, and pipeline inspection are just a few of the markets that Aquabotix has its eye on. I believe a recent order from the U.S. Navy validates the quality of the product, giving me the belief that this could be a company with a very bright future.

Whilst these three growth shares aren't new to the ASX, they certainly are in a strong position to deliver outsized returns in the next 12 months in my opinion. Do you own them?

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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