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: 1. Canopy Growth Stock (TSX) Ticker: WEED Market Capitalization: $4.3 billion
Full Answer
Should you invest in Canadian marijuana stocks if federal legalization passes?
If U.S. federal legalization goes through, it’s not just American cannabis companies that will benefit. Instead, Canadian marijuana stocks should benefit from full legalization as well.
What are the largest marijuana stocks in Canada?
Far and away the largest of the Canadian marijuana stocks by market cap, Canopy Growth is worth more than $12 billion. An international business with operations in Canada, the U.S., Germany and the United Kingdom, Canopy Growth is a vertically integrated business, producing, distributing and selling marijuana.
Are Canada's cannabis stocks underperforming?
Canada legalized marijuana for recreational use in October 2018 which drove Canadian pot stocks to record highs. However, in the last two and a half years, several cannabis stocks have grossly underperformed the broader markets due to a wide variety of structural issues.
Is organigram the best Canadian Marijuana stock to buy?
One of the smallest of these Canadian marijuana stocks by market cap, OrganiGram is worth about $930 million. In part due to its small size, OGI stock tends to be one of the more volatile names on this list, and trades for less than $5 a share.
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What is the Zenabis acquisition?
The Zenabis acquisition is expected to accomplish two important things for HEXO: It makes it the third-largest licensed recreational cannabis company in Canada, and it gives it overnight exposure to Europe's medical marijuana market. Best Canadian marijuana stocks: Aurora Cannabis ( ACB)
How much is Organigram worth?
OrganiGram Holdings ( OGI) One of the smallest of these Canadian marijuana stocks by market cap, OrganiGram is worth about $930 million. In part due to its small size, OGI stock tends to be one of the more volatile names on this list, and trades for less than $5 a share.
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 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 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.
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.
Tilray
In May 2021, Tilray and Aphria merged to form the largest Canadian cannabis company in terms of sales. Tilray is valued at a market cap of $9.32 billion and the company is forecast to generate $562 million in sales this year.
Canopy Growth
Another Canadian giant operating in the marijuana space is Canopy Growth, a stock valued at a market cap of $11.2 billion. While Canopy Growth stock has returned an astonishing 922% in the last five years, it’s down 61% from all-time highs.
HEXO
Valued at a market cap of $1.03 billion, HEXO has established itself as one of the leading marijuana companies in Canada. HEXO is all set to increase its revenue at an accelerated pace given its recent acquisition spree.
Village Farms
Village Farms produces, markets, and distributes greenhouse tomatoes, bell peppers, and cucumbers in North America. It operates via three segments that include produce business, energy business, and cannabis and hemp business.
Cronos Group
In the last five years, Cronos Group stock has gained a monstrous 4,700% in market value. However, it has also lost 68% in market value since early 2019, currently valuing it at a market cap of $3.65 billion.
Aurora Cannabis
Another beaten-down marijuana stock that can make a comeback is Aurora Cannabis. Its one of the most popular cannabis stocks among investors and is currently valued at a market cap of $2 billion. Aurora Cannabis is down 95% from record highs as it continues to dilute shareholder wealth with regular equity capital raises.
Sundial Growers
Another Canada-based marijuana producer that is grappling with mounting losses is Sundial Growers. In the first quarter of 2021, Sundial’s cannabis sales were down 30% year over year at $11.7 million.
Is recreational marijuana legal in Canada?
Canada legalized recreational marijuana on Tuesday with the historic passing of Bill C-45 in the Senate. Marijuana stocks surged following the vote, even beating what was an otherwise down day on the global markets. Canadian Licensed Producers Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) and Aurora Cannabis Inc. (TSX:ACB) (OTCQB:ACBFF) both jumped six percent at their highest peak on Wednesday, with number three Aphria Inc. (TSX:APH) climbing four percent.
Is canopy growing in Canada?
As the number one Licensed Producer in Canada, Canopy Growth Corporation is set for significant gains in the coming months. Prepping for this surge in the recreational market includes the 2.4 million square feet of greenhouse space with which Canopy is already working. The company acquired supply agreements with half of the Canadian provinces ahead of legalization, and new dispensaries are scheduled to open in Saskatchewan, Manitoba, and Newfoundland and Labrador to meet demand.
When was marijuana legalized in Canada?
Canada's House of Commons passed the Cannabis Act (Bill C-45) in November 2017 to legalize the recreational use of marijuana. And in June 2018, it received the Royal Assent (formal approval of an act by a monarch). 3 .
What is OGI in cannabis?
OrganiGram Holdings ( OGI) is a licensed producer of medical marijuana products . It began trading on the Nasdaq in May of 2019. This company's portfolio includes dry cannabis and cannabis oil, along with accessories like vaporizers that can be purchased on its website.
How many states allow pot?
As of November 2020, a total of 35 states as well as the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands allow pot for medical use. 1 And many states are still grappling with the issue of recreational usage. This is a stark contrast to what's happening up north.
Is marijuana a controlled substance?
The U.S. has been plagued with many restrictions because marijuana is still considered a controlled substance at the federal level.
What is GTBIF in cannabis?
Green Thumb Industries (GTBIF) Source: Shutterstock. Next up on this list of marijuana stocks, Green Thumb Industries is a leading name in the cannabis consumer packaged goods industry . The company has operations in 12 states and runs 56 retail stores.
What did Schumer do to remove cannabis from the Controlled Substances Act?
More specifically, Schumer introduced The Cannabis Administration and Opportunity Act, which would “ remove cannabis from the Controlled Substances Act.”. Additionally, it would introduce regulations to tax cannabis products and “expunge federal records of nonviolent cannabis offenders.”.
Will marijuana stocks go up in 2022?
As a result, U.S. pot stocks could be looking at a big breakthrough in 2022. Hence, it would be prudent for investors to scoop up the most promising marijuana stocks before they take off.
Is Hexo stock good?
Of course, sales did take a hit in the most recent quarter due to strain cultivation decisions and production troubles. However, HEXO stock is in an overall good position.
U.S. Marijuana Legalization & Canadian Marijuana Stocks
While I analyze the entire legal marijuana industry—both U.S. and Canadian pot stocks—there’s a fundamental difference between the two. The simple fact is that what’s good for U.S.-based pot stocks may actually be bad for Canadian weed stocks, and vice versa.
Analyst Take
With so much regarding U.S. marijuana legalization still up in the air, it’s clear as day that there’s a lot of potential locked within the top pot stocks in Canada and the U.S.