10 Canadian Marijuana Stocks for Your Portfolio
- Canopy Growth. Market Cap: $11.357B Canopy ( CGC ) is touted as Canada’s first unicorn in the pot market. ...
- Aurora Cannabis. Market Cap: $1.725B Aurora Cannabis ( ACB) debuted on the Toronto Stock Exchange (TSX) in July 2017 and on the NYSE in October 2018.
- Aphria. ...
- The Cronos Group. ...
- The Hexo Corporation. ...
- CannTrust Holdings. ...
- Namaste Technologies Inc. ...
Full Answer
What are the best Canadian marijuana stocks?
These are some of the best options in the space.
- Innovative Industrial Properties. Innovative Industrial Properties ( IIPR, $189.94) is a real estate investment trust (REIT) that invests in greenhouses and industrial facilities for the medical cannabis industry.
- Silver Spike Acquisition II. ...
- AdvisorShares Pure US Cannabis ETF. ...
- ETFMG Alternative Harvest ETF. ...
Is it too late to invest in Canadian marijuana stocks?
Your eyes are not deceiving you. Through May 11, 2020, Canadian marijuana stock Aurora Cannabis (NYSE: ACB) was a fixture as the most-held stock on Robinhood. It should be noted that Aurora had a single-digit share price, making it a likely candidate to be gifted to new members.
Is it legal to own Canadian marijuana stocks?
Yes, the companies are cleared by Health Canada and are producing legal medical marijuana. Maybe soon with good news, they can supply the recreational market with good quality weed inspected by Health Canada.
How to invest in Canadian cannabis stocks?
Canadian Stocks to Buy: This Cannabis Stock Is Poised to Soar in 2021!
- The U.S. election was a big deal for this company. In November, five additional U.S. ...
- Vertically integrated operations. The ability for Curaleaf to grow its market share in recreational marijuana is largely due to its impressively vertically integrated business model in the United States.
- Growth trajectory impressive. The U.S. ...
See more
What happened Canadian marijuana stock?
Canadian cannabis stocks lost a good deal of value during the pandemic but the market doesn't look to be going anywhere. When Tilray acquired Aphria in 2021, it became the largest Canadian cannabis producer by market cap. Canadian cannabis stocks often grow and distribute in the EU, as licensing allows.
Why is aurora stock so low?
The plunge in Aurora shares comes as existing shareholders react to a new round of financing that the company said will bring $150 million to the company. The funding comes from a bought deal financing agreement with underwriters for 61.2 million units at a share price of $2.45 per share.
What company just made a deal with the Canadian government?
Shopify CFO: Cannabis deal with Ontario government positions company for other opportunities. Russ Jones, CFO at Shopify joins BNN to talk about the company's latest quarter, after it saw a 71% revenue jump compared to the same time last year.
Is Aurora A marijuana?
Aurora is the second largest cannabis company in the world by market capitalization, after Canopy Growth Corporation. The company began trading on the NYSE on October 23, 2018 using the ticker ACB.
Is Aurora a good buy?
Aurora Cannabis remains a high-risk bet for investors, despite losing 97% in market value due to its weak financials and a competitive market.
Will Aurora stock go up?
Aurora Cannabis Inc (NASDAQ:ACB) The 10 analysts offering 12-month price forecasts for Aurora Cannabis Inc have a median target of 2.68, with a high estimate of 4.00 and a low estimate of 1.59. The median estimate represents a +98.53% increase from the last price of 1.35.
Will EI be extended again after September 2021?
The transition from old to new will take several years. In the meantime, implementing the EI changes committed in Budget 2021, including, for example, a permanent extension of EI sickness benefits to 26 weeks, will take the Government's full operational attention and capacity until mid to late 2022.
Is Shopify Canadian owned?
Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.
Is USMCA good for Canada?
“The USMCA is good for Canada's economy and good for Canada's middle-class workers and families. It addresses modern-day trade issues and supports prosperity for Canadians by ensuring that our businesses, entrepreneurs, workers, ranchers, farmers and fishers continue to have preferential access to our largest market.”
Where can I buy Aurora marijuana stock?
Invest in Aurora Cannabis on Stash Stash allows you to purchase smaller pieces of investments, called fractional shares, rather than having to pay the full price for a whole share. of Aurora Cannabis stock, you'll need to sign up for Stash and open a personal portfolio.
Where can you buy medical marijuana in Canada?
CanvasRx Canada's Medical Cannabis Marketplace.
Who owns Tweed?
Canopy Growth CorporationTweed Farms in Niagara-on-the-Lake, Ontario was the world's largest legal cannabis greenhouse in 2014. At that time, it had 350,000 square feet (33,000 m2) of indoor space....Tweed FarmsCoordinates43.1683°N 79.1195°WOwnerCanopy Growth CorporationTechnical detailsFloor area1,000,000 sq ft (93,000 m2)6 more rows
Marijuana, Cannabis, And Cannabinoids – What Do Investors Need To Know
Understanding the terms associated with marijuana stocks, especially the ones that are used interchangeably, can ensure that you are investing in the right companies.
History Of Marijuana Stocks In Canada
Marijuana – While not technically the newest asset class in Canada, it rose to prominence in 2018 when it was legalized by the federal government. Marijuana companies that had to follow stringent guidelines when it came to the cultivation, development, and distribution of even medical marijuana, finally got free rein.
Best Marijuana Stocks In Canada
Canada has one of the largest numbers of marijuana companies in the world. Some of the best marijuana stocks in Canada, with the potential for powerful growth when the industry finally turns a corner for the better, are:
Will Marijuana Stocks In Canada Ever Recover?
Most likely. It’s not a definitive yes because we can never predict a future trend with a hundred percent certainty, but all the evidence points towards it happening.
How To Buy Marijuana Stocks In Canada
The cheapest way to buy marijuana stocks is from discount brokers. My top choices in Canada are:
Conclusion
The marijuana stocks are primed for growth, although it might not be as explosive as it was the right time.
What is Schumer's pot bill?
Schumer’s pot bill said to open up banking, stock exchanges. A new Senate proposal to legalize marijuana would let cannabis companies use banking services and trade on major stock exchanges, according to a person involved in negotiations on the legislation, a potentially dramatic breakthrough for an industry long stymied by federal restrictions.
Does Jones Soda have a pot infused drink?
Jones Soda taps new financing to develop pot-infused drinks. Jones Soda Co., the maker of soft drinks known for its unusual flavors, plans to launch a line of pot-infused drinks, edibles, and other related products. Jul 14.
Is cannabis a part of the free trade agreement?
Former Mexican President Vicente Fox expects cannabis will be a part of the new North American free-trade deal following the country's Supreme Court decision to loosen some of the rules on how the drug can be consumed.
Is cannabis legal in Canada?
Nearly three years after cannabis was legalized in Canada, more Canadians consume pot than previously thought, while the overall stigma of the plant continues to fade, according to a new study released by Dalhousie University.
Canopy Growth (TSE: WEED)
Canopy Growth is one of Canada’s largest integrated marijuana companies. The Ontario headquartered company was founded in 2013 and took its current form after a merger with Bedrocan Cannabis in 2015. The company operates on a multi-brand strategy under which it operates multiple brands that offer an assortment of products based on marijuana.
Cronos Group (TSE: CRON)
Cronos Group is a cannabis research and retail company headquartered in Toronto. The company is very focused on cannabis-based therapy and product development. Cronos operates across five continents.
Aurora Cannabis (TSE: ACB)
Aurora Cannabis is a cannabis production company and retailer. Aurora has a razor focus on cannabis production and retailing at scale than other companies on this list. Although the company also has a multi-brand strategy, it has a massive capacity and aims to dominate its sector with licensed permission at 625,000 kgs per year.
Tilray Inc (TSE: TLRY)
Tilray is a Toronto headquartered cannabis production company that operates in North America and Europe. The company recently concluded its merger with Aphyria Inc., a major player in the marijuana market. With the merger, Tilray is now an integrated research, cultivation, and retailing major with a far larger footprint.
Cresco Lab (CNSX: CL)
Cresco Labs is an integrated marijuana production, distribution, and retailing company. Cresco serves both the consumer and medical sectors. The company mainly operates in the United States with licenses in nine states. Cresco is headquartered in Chicago. The company has been growing hand over fist over the past few quarters.
Canadian Weed & Pot Stocks to Buy
With the current market value of Canadian cannabis stocks and the potential for gains, marijuana stocks show some upward momentum. Find out which of the best pot stocks you should buy that could yield potential profits in the short and long term.
What are Marijuana Stocks?
Marijuana stocks are companies directly involved in the production, processing, and distribution of cannabis-derived products. We can’t see the future, but we believe they represent a strong opportunity for growth.
A List of Canadian Marijuana Stocks
In June 2018, the Cannabis Act made cannabis use completely legal throughout the country. As such, the cannabis industry has flourished. Here’s a list of Canadian marijuana stocks you might add to your portfolio.
A List of US Marijuana Stocks
Unlike Canada, marijuana is still federally illegal for recreational use in the United States even though it’s been legalized or decriminalized in several states, so there are some good investment opportunities.
Is marijuana legal in Canada?
In Canada, recreational cannabis use was federally legalized in 2018, allowing a number of legitimate pot companies to spring up, many of which went public. Canadian pot stocks are the best way for U.S. investors to gain exposure to the global expansion of legal marijuana, a market that experts see growing by roughly 18% annually between 2020 ...
Is APHA a Canadian stock?
Along with Aurora, APHA is one of only two Canadian marijuana stocks highlighted here with profits over the last 12 months, and it trades for about 60 times trailing earnings. Aphria's revenue for its last reported six-month period rose 24% from the same period a year before, as the marijuana industry continues to boom.
Is Aurora Cannabis publicly traded?
The $2 billion Aurora Cannabis is one of Canada's earliest publicly traded weed stocks, and in recent quarters it has been putting up attractive growth numbers in its medical cannabis business. In its last fiscal quarter, which concluded at the end of December, medical cannabis revenue rose 42% year over year, as its international medical cannabis sales boosted growth, soaring 562%. Aurora's consumer cannabis division is also growing, rising 25% last quarter compared to the same period in the prior year. That division sells things like vapes, edibles and concentrates directly to consumers.
What you should know before buying weed stocks
This list of the best weed stocks is meant to help you conduct your own research in finding the best cannabis stocks to buy right now. It is not investment advice. No single stock or list of stocks will suit all investors, and we all have different goals and needs.
How did we pick the best Canadian cannabis stocks?
We used Finder’s proprietary algorithm to identify the best weed stocks listed on the TSX based on price, performance, profit, revenue and dividends. Our fundamental analysis filters stocks by taking into account historical prices, dividends, revenue growth, (low) price volatility and profit margins.
Canopy Growth Corporation (TSX: WEED)
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.
WeedMD Inc. (TSXV: WMD)
WeedMD Inc. produces, distributes, and sells medical-grade cannabis in Canada. It offers dried cannabis, cannabis plants and seeds, cannabis oil, edibles, extracts and topicals, and others, as well as cannabis flower products.
The Green Organic Dutchman Holdings Ltd (TSX: TGOD)
The Green Organic Dutchman Holdings Ltd., through its subsidiaries, produces and sells organic cannabis in Canada.
Other weed stocks to watch
These other Canadian weed stocks may be worth keeping an eye on as the sector continues to grow.
Tilray, Inc. (TSX: TLRY)
Tilray Inc. (formerly known as Aphria Inc.) researches, cultivates, produces and distributes medical cannabis and cannabinoids with operations in Canada, the United States, Europe, Australia, New Zealand and Latin America. The company offers cannabis-lifestyle and consumer packaged goods as well as hemp-based foods and alcoholic beverages.
When will cannabis concentrates become legal in Canada?
Once cannabis concentrates become legal in Canada on October 17, 2019, the Company plans to start commercializing its intellectual property portfolio with B2B processing services to licensed cultivators.
What is Nextleaf cannabis?
Nextleaf Solutions is a licensed extraction technology company that has created a portfolio of issued and pending patents that relate to the Company’s industrial-scale process of generating purified cannabinoid distillate, which is a cannabis concentrate that is used in value-added products. Nextleaf has a portfolio of eight issued patents and over 35 pending patents pertaining to the production of high-purity, cannabinoid rich distillate, the key ingredient used in the manufacturing of standardized THC and CBD infused products. Once cannabis concentrates become legal in Canada on October 17, 2019, the Company plans to start commercializing its intellectual property portfolio with B2B processing services to licensed cultivators. On October 16, 2019, Nextleaf announced it added Dr. Sherry Boodran, a former Senior Regulatory Compliance Office with Health Canada, to its Board.
Where is weedMD located?
As of now, the Company owns and operates two licensed facilities: 1) in Aylmer, Ontario, a 26,000 sq. ft. facility and; 2) a 158-acre property located in Strathroy, Ontario, which also includes a 616,000 sq. ft.
