Canadian investors looking to multiply their wealth over the long term should consider high-potential growth stocks. Here are three Canadian companies that could turn a $10,000 investment into $100,000 within the next 10 years, thanks to innovative business models and strong growth projections.
Also Read: Canadian stocks to buy 2025
- Profound Medical (TSX: PRN)
Profound Medical is a medical device company specializing in non-invasive, image-guided ablation treatments for diseased tissue. Despite posting flat revenue of $2.2 million and a wider net loss of $15.7 million in Q2, the company is aggressively expanding its commercial footprint and currently operates in 60 active sites, with plans to reach 75 by year-end.
Notably, it achieved two key milestones:
- Completion of the CAPTAIN trial, showing strong early results.
- Launch of the TULSA-AI software, which cuts procedure time significantly.
Analysts expect free cash flow to swing positive by 2028, reaching $63 million, and a potential 475% return is forecast if valued at 20x forward cash flow.
Also Read: Long term investing in Canada
- POET Technologies (TSXV: PTK)
POET Technologies, still in pre-revenue stages, develops photonic integrated semiconductor products using its proprietary Optical Interposer platform. Q2 2025 revenue came in at just $268,469, with a net loss of $17.3 million — but this is expected during its transition from R&D to commercialization.
Key developments include:
- Fully equipped manufacturing at Globetronics.
- Capacity expansion with NationGate Solutions.
- A $30 million equity raise to support growth.
With revenue projected to rise to $141 million by 2027, POET could offer substantial upside as it scales.
- High Tide Inc. (TSXV: HITI)
High Tide is a vertically integrated cannabis company with retail, wholesale, and e-commerce operations. Though it’s currently reporting modest losses, analysts expect revenue to double from $522 million in 2024 to $1.1 billion by 2029. Adjusted earnings per share could grow to $0.64, up from a projected loss of $0.04 in 2025.
If the stock trades at 25x forward earnings by then, it could more than triple within three years — with even greater upside over the decade.
These three emerging Canadian stocks come with risks but also offer massive long-term upside for patient investors seeking transformative returns.
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