Sunday, June 2, 2019

Cannabis (marijuana) stocks

The MJ ETF peaked when recreational cannabis went into effect in the fall of 2018 after staging a massive run leading up to the highly anticipated event.

Since then, the onus has been on companies to deliver. Most of them have begun reporting enviably strong sales growth, but the euphoric valuations had priced in a generous amount of future success.

The cannabis market is still nascent and the THC and CBD markets have tremendous long-term potential. Headwinds in the form of regulations and capacity constraints appear to be abating as the industry starts to mature. The growth outlook remains very promising.

(by market cap)                
Ticker       Company name Mkt Cap
  • MJ  The Cannabis ETF
  • CGC  Canopy Growth  11.359B; Ontario, Canada
  • ACB  Aurora Cannabis  6.648B; Edmonton, Canada; medical cannabis products. As of September 2018, it had eight licensed production facilities, five sales licenses, and operations in 18 countries.  
  • CRON  Cronos  4.698B; Toronto, Canada
  • TLRY  Tilray  4.146B; BC, Canada
  • APHA  Aphria  1.531B; Ontario, Canada
  • IIPR  Innovative Industrial Properties  1.286B; acquires industrial properties and rents space to marijuana growers.
  • HEXO  HEXO Corp.  1.171B; Quebec-based 
  • OGI  Organigram  842.522M; Canada; The company’s stock began trading on the Nasdaq on May 21, 19. Previously it was traded in Canada and over the counter in the U.S.
  • KSHB  KushCo  440.088M; California; packaging supplies, vaporizer cartridges, heating technologies, batteries
  • CTST  CannTrust  361.912M; Ontario, Canada
  • NBEV  New Age Beverages  298.774M; Denver, Colorado
  • PYX  Pyxus Int'l  140.531M; Morrisville, North Carolina; Tobacco company with a minor investment made in a few cannabis operators.
  • KERN  Akerna  102.477M; Orlando, Florida

OTC Markets
  • CURLF  (OTCMKTS)  Curaleaf  2.939B; Wakefield, Massachusetts
  • CRLBF (OTCMKTS) Cresco Labs  1.058B; Chicago, Illinois
  • CWBHF (OTCMKTS)  Charlotte's Web  647.919M; Boulder, Colorado
  • TGODF  (OTCMKTS) The Green Organic Dutchman 644.674M; Mississauga, Canada
  • ACRGF   (OTCMKTS) Acreage Holdings  526.485M; NYC-based
  • CVSI  (OTCMKTS) CV Sciences  409.426M;  Nevada-based
  • ORHOF  (OTCMKTS)  Origin House  387.251M; Ottawa, Canada;  Invests in the legal cannabis sector, prefers to take majority stake in companies. 
  • MMNFF (OTCMKTS) MedMen Enterprises  351.475M; Culver City, California
  • GGBXF  (OTCMKTS)  Green Growth Brands  324.663M; Toronto, Canada; Offers cannabis, tetrahydro cannabidol, cannabidiol, and cannabis-infused consumer products, as well as technology and consulting services for the cannabis industry. As of June 12, 2019, it operated 50 Seventh Sense branded botanical therapy shops.
  • SPRWF  (OTCMKTS)  The Supreme Cannabis Company  296.619M  Toronto, Canada
  • CURR (OTCMKTS) CURE Pharmaceutical  154.265M; Oxnard, California
  • NXTTF   (OTCMKTS)  Namaste Technologies  125.366M; Vancouver, Canada
  • VVCIF (OTCMKTS)  VIVO Cannabis  113.304M; Canada 
  • TRTC  (OTCMKTS)  Terra Tech 54.163M; Irvine, California
  • IMLFF  (OTCMKTS)  InMed Pharmaceuticals  43.592M; Vancouver, Canada; develops cannabinoid-based therapies
  • CBDS  (OTCMKTS)  Cannabis Sativa  37.865M; Nevada; skin care products used to relieve pain for sore muscles, joints, arthritic, and back pain; 
  • CANN  (OTCMKTS)  General Cannabis  28.998M; Denver, Colorado

Horizons Marijuana Life Sciences Index ETF - Canada

Canada Marijuana Stocks
Canada's marijuana stocks launched their invasion of U.S. exchanges in February 2018, when Cronos Group (CRON) became the first straight-up pot company to list on the Nasdaq. In the months since, recreational pot use turned legal in Canada and seven other Canadian pot producers piled into U.S. exchanges competing to pick up mainstream credibility and a lot more investor cash.

Canopy Growth stock followed Cronos Group, listing on the New York Stock Exchange in May 2018. Canopy has since become the world's most valuable weed company, with a market capitalization of $9 billion.

Last July, Tilray followed, via an IPO — making it the first weed company to debut exclusively on a U.S. exchange. Every other Canadian pot producer trading on a U.S. exchange also trades in Canada.

Aurora Cannabis (ACB) listed on the NYSE in October, and Aphria (APHA) in November. Hexo hit the NYSE American in January. CannTrust landed on the NYSE in February, but CannTrust stock crashed after running afoul of regulators. Organigram (OGI) listed on the Nasdaq in May.

The companies can list on the U.S. platforms because they don't violate federal law in their own country.

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