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Top Marijuana Stocks for December 2021

The marijuana business is made up of firms that both help or are engaged within the analysis, improvement, distribution, and sale of medical and leisure marijuana. Hashish has begun to achieve wider acceptance and has been legalized in a rising variety of nations, states, and different jurisdictions for leisure, medicinal, and different makes use of. A few of the greatest firms within the marijuana industry embody Cover Development Corp. (CGC), Cronos Group Inc. (CRON), and Tilray Inc. (TLRY). Many huge marijuana firms have continued to submit sizable web losses as they concentrate on investing in tools to hurry up income progress.

Marijuana shares, as represented by the ETFMG Different Harvest ETF (MJ), have underperformed the broader market. MJ has offered a complete return of -7.9% over the previous 12 months, effectively under the Russell 1000’s complete return of 30.4%. These market efficiency numbers and all statistics within the tables under, aside from the “Quickest Rising Marijuana Shares” desk, are as of Nov. 24, 2021. The statistics within the progress desk are as of Nov. 30, 2021.

Beneath we take a look at the highest 5 marijuana shares with the very best worth, the quickest progress, and probably the most momentum.

These are the marijuana shares with the bottom 12-month trailing price-to-sales (P/S) ratio. For firms within the early levels of improvement or industries affected by main shocks, this may be substituted as a tough measure of a enterprise’s worth. A enterprise with larger gross sales may ultimately produce extra revenue when it achieves (or returns to) profitability. The P/S ratio reveals how a lot you are paying for the inventory for every greenback of gross sales generated.

Greatest Worth Marijuana Shares
  Value ($) Market Cap ($B) 12-Month Trailing P/S Ratio
HEXO Corp. (HEXO) 1.13 0.4 1.5
Excessive Tide Inc. (HITI.V) CA$8.50 CA$0.4 2.1
Village Farms Worldwide Inc. (VFF) 7.26 0.6 2.4
GrowGeneration Corp. (GRWG) 17.76 1.1 2.6
Cresco Labs Inc. (CL.CX) CA$11.17 CA$3.1 2.9

Supply: YCharts

  • HEXO Corp.: HEXO is a Canada-based consumer-packaged items hashish firm providing leisure and medical merchandise to serve the worldwide hashish market. The corporate’s leisure manufacturers for the Canadian adult-use market embody HEXO, HEXO Plus, Up, Unique Stash, and Bake Sale. It serves the medical market below its HEXO medical hashish model. HEXO’s inventory additionally trades in Canada on the Toronto Inventory Change (TSX) below the ticker HEXO.TO. On Oct. 18, the corporate introduced the departure of co-founder and Chief Govt Officer (CEO) Sebastien St-Louis in a serious shakeup of the manager ranks. The corporate additionally introduced the resignation of Chief Working Officer (COO), Donald Courtney, who will stay as COO till a substitute is discovered. Two days later, HEXO named Scott Cooper as the corporate’s new president and CEO. Cooper beforehand served as president and CEO of Truss Beverage Co., a three way partnership (JV) between Molson-Coors Canada and HEXO.
  • Excessive Tide Inc.: Excessive Tide is a Canada-based firm engaged within the manufacture and retail of hashish equipment. The corporate operates a hashish retail chain in Canada, three equipment e-commerce platforms, and in addition is a world producer and distributor of consumption equipment. Its manufacturers embody Canna Cabana, Meta Hashish, NewLeaf Hashish, Grasscity, Smoke Cartel, Every day Excessive Membership, DankStop, CBDcity, FAB CBD, Blessed CBD, Valiant Distribution, and Well-known Brandz. Excessive Tide’s on-line platforms had almost 100 million web site visits in 2020. The corporate’s inventory additionally trades within the U.S. on the Nasdaq below the ticker HITI. The corporate lately introduced an settlement to amass 80% of NuLeaf Naturals LLC, a producer and distributor of premium cannabinoid wellness merchandise, for roughly $31.2 million. Below the phrases of the deal, it would even have a three-year possibility to amass the remaining 20% of NuLeaf at any time.
  • Village Farms Worldwide Inc.: Village Farms Worldwide is a Canada-based vertically built-in greenhouse produce firm. Along with rising, producing, and distributing recent to nationwide grocers in North America, the corporate additionally produces hashish. The corporate’s manufacturers embody: Village Farms Contemporary, a vertically built-in greenhouse grower; Pure Sunfarms, a hashish producer; ROSE LifeScience, a hashish producer and distributor; Balanced Well being Botanicals, a CBD model with an e-commerce platform; Village Fields Hemp, a hemp grower; and VF Clear Vitality, a subsidiary that converts landfill gasoline to wash vitality. Village Farms’ inventory additionally trades in Canada on the TSX below the ticker VFF.TO. The corporate introduced in mid-November that it has acquired 70% of ROSE LifeScience, a vertically-integrated branded hashish producer, for CA$46.7 million ($36.5 million) in money and Village Farms shares.
  • GrowGeneration Corp.: GrowGeneration is a distributor of agricultural merchandise and one of many largest hydroponics suppliers within the nation. The corporate operates retail hydroponic and natural specialty gardening shops. It affords hundreds of merchandise, together with plant diet, farming soils, superior lighting expertise, and hydroponic and aquaponic tools. It owns and operates 62 retail and distribution facilities. GrowGeneration lately introduced the termination of its beforehand introduced acquisition of HGS Hydro. The termination was mutually agreed upon by each firms. GrowGeneration additionally introduced its acquisition of All Seasons Gardening, a backyard provide middle based mostly in New Mexico. Monetary phrases of the transaction weren’t disclosed.
  • Cresco Labs Inc.: Cresco Labs is concerned in rising, manufacturing, distribution, and packaging of hashish merchandise. The corporate operates in 10 states, together with manufacturing amenities and dispensaries. Its manufacturers embody Cresco, Reserve, Remedi, Excessive Provide, Surprise Wellness Co., Mindy’s, Good Information, Sunnyside, and FloraCal Farms. Cresco Labs’ inventory additionally trades OTC within the U.S. below the ticker CRLBF. The corporate lately introduced that it has closed its acquisition of Bay LLC, which operates three dispensaries and does enterprise below the identify “Treatment Pennsylvania”. The acquisition was first introduced in late September 2021 with a transaction worth of $90 million.

These are the marijuana shares with the best year-over-year (YOY) gross sales progress for the newest quarter. Rising gross sales may help buyers establish firms which might be in a position to develop income organically or via different means, and discover rising firms that haven’t but reached profitability. As well as, earnings per share might be considerably influenced by accounting elements that won’t mirror the general energy of the enterprise. Nonetheless, gross sales progress may also be doubtlessly deceptive concerning the energy of a enterprise, as a result of rising gross sales on money-losing companies might be dangerous if the corporate has no plan to succeed in profitability.

Quickest Rising Marijuana Shares
  Value ($) Market Cap ($B) Income Development (%)
GrowGeneration Corp. (GRWG) 16.78 1.0 110.9
Verano Holdings Corp. (VRNO.CX) CA$14.57 CA$3.0 106.0
Jushi Holdings Inc. (JUSH.CX) CA$5.05 CA$0.9 104.9
Ayr Wellness Inc. (AYR.A.CX) CA$21.81 CA$1.5 100.0
Excessive Tide Inc. (HITI.V) CA$7.99 CA$0.4 99.4

Supply: YCharts

  • GrowGeneration Corp.: See above for firm description.
  • Verano Holdings Corp.: Verano Holdings is a vertically built-in, multistate hashish operator. The corporate produces a variety of medical and adult-use hashish merchandise, which it sells via its portfolio of manufacturers: Verano, Avexia, Encore, and MÜV. It owns and operates 11 cultivation and manufacturing amenities and 87 retail areas in a lot of states all through the U.S. The corporate’s inventory additionally trades OTC within the U.S. below the ticker VRNOF.
  • Jushi Holdings Inc.: Jushi Holdings is a holding firm centered on branded hashish and hemp-based belongings. The corporate is engaged in retail, distribution, cultivation, and processing operations. Its manufacturers embody: The Financial institution, centered on plant genetics and cultivation; The Lab, specializing in vape merchandise and concentrates; Nira, a maker of hemp-based CBD merchandise which might be doctor formulated; Nira+, a producer of medicinal THC merchandise; Sèche, which affords varied branded floor and flower hashish merchandise; and Tasteology, a supplier of THC-infused merchandise. Jushi additionally trades OTC within the U.S. below the ticker JUSHF. The corporate introduced in mid-November that it has agreed to amass NuLeaf Inc., a Nevada-based, vertically-integrated operator, for $62.5 million. The acquisition is anticipated to shut through the first half of 2022.
  • Ayr Wellness Inc.: Ayr Wellness is a hashish firm concerned within the cultivation, manufacturing, and meting out of hashish and cannabis-derived merchandise. The corporate’s product portfolio contains flowers, seltzers and tinctures, edibles and vape merchandise below manufacturers together with Kynd, Origyn, Stix Preroll Co., Levia, Street Tripper, Entourage, Haze, Depraved, Secret Orchard, and Cannapunch. Ayr Wellness additionally trades OTC within the U.S. below the ticker AYRWF. The corporate lately introduced that it has agreed to amass Light Ventures LLC, which owns and operates two licensed retail dispensaries in Chicago and does enterprise below the identify “Dispensary 33”. Below the phrases of the deal, Ayr Wellness can pay $55 million upfront with an earnout payable if sure adjusted EBITDA efficiency is achieved via Q3 2022.
  • Excessive Tide Inc.: See above for firm description.

Momentum investing is a factor-based investing technique through which you spend money on a inventory whose worth has risen sooner than the market has as a complete. Momentum buyers imagine that shares which have outperformed the market will usually proceed to take action as a result of the elements that precipitated them to outperform won’t immediately disappear. As well as, different buyers, searching for to profit from the inventory’s outperformance, will usually buy the inventory, additional bidding its worth larger and pushing the inventory larger nonetheless. These are the shares that had the best complete return over the previous 12 months.

Marijuana Shares with the Most Momentum
  Value ($) Market Cap ($B) 12-Month Trailing Complete Return (%)
Sundial Growers Inc. (SNDL) 0.67 1.4 179.2
Excessive Tide Inc. (HITI.V) CA$8.50 CA$0.4 176.4
OrganiGram Holdings Inc. (OGI) 2.03 0.6 81.3
Revolutionary Industrial Properties Inc. (IIPR) 261.49 6.3 74.7
Tilray Inc. (TLRY) 10.50 4.9 57.2
Russell 1000 N/A N/A 30.4
ETFMG Different Harvest ETF (MJ) N/A N/A -7.9

Supply: YCharts

  • Sundial Growers Inc.: Sundial Growers is a Canada-based diversified hashish firm engaged within the cultivation, manufacturing and processing, and retailing of assorted hashish merchandise. The corporate focuses on inhalables for the Canadian adult-use market. Its branded merchandise can be found in flower, vape, pre-roll, and different kinds. The corporate’s manufacturers embody Sundial, High Leaf, Palmetto, and Grasslands. Sundial introduced on Nov. 11 that its board of administrators has accredited a brand new share repurchase program authorizing the corporate to repurchase as much as CA$100 million ($78.1 million) of its excellent widespread shares. The variety of shares to be bought and the timing of these purchases will probably be decided by the corporate’s administration and board. The repurchase program will expire on Nov. 19, 2022.
  • Excessive Tide Inc.: See above for firm description.
  • OrganiGram Holdings Inc.: OrganiGram Holdings is a Canada-based producer of medical and leisure hashish centered on producing high-quality, indoor-grown hashish. It’s the mum or dad firm of Organigram Inc., a producer of hashish merchandise, and The Edibles and Infusions Corp., a cannabis-infused, soft-chew and confectionary producer. Its manufacturers embody The Edison Hashish Co., Indi, Bag o’ Buds, SHRED, and Trailblazer. OrganiGram’s inventory additionally trades in Canada on the TSX below the ticker OGI.TO.
  • Revolutionary Industrial Properties Inc.: Revolutionary Industrial Properties is a real estate investment trust (REIT) that engages within the acquisition, disposition, improvement, and administration of commercial amenities leased to tenants within the regulated medical hashish business. The corporate’s portfolio consists of specialised industrial and greenhouse buildings leased to state-licensed, medical-use hashish cultivators throughout the U.S. Revolutionary Industrial Properties introduced in October that it has acquired a 201,000 sq. foot industrial property in California and entered right into a long-term lease with Gold Flora LLC. The acquisition worth of the property was $51.0 million. Gold Flora is a vertically-integrated operator with in depth expertise within the regulated hashish business. The operator is anticipated to finish tenant enhancements on the property for which Revolutionary Industrial Properties will present reimbursement of $9.0 million, bringing the whole anticipated funding within the property to be $60.0 million.
  • Tilray Inc.: Tilray is a Canada-based hashish way of life and consumer-packaged items firm with world operations. The corporate engages in hashish analysis, cultivation, and distribution. It sells varied hashish merchandise, hemp-based meals, and alcoholic drinks. Tilray affords merchandise below greater than 20 manufacturers in additional than 20 nations in North America, Europe, Australia, and Latin America.

The feedback, opinions, and analyses expressed herein are for informational functions solely and shouldn’t be thought of particular person funding recommendation or suggestions to spend money on any safety or to undertake any funding technique. Although we imagine the knowledge offered herein is dependable, we don’t warrant its accuracy or completeness. The views and techniques described in our content material will not be appropriate for all buyers. As a result of market and financial situations are topic to speedy change, all feedback, opinions, and analyses contained inside our content material are rendered as of the date of the posting and will change with out discover. The fabric just isn’t meant as an entire evaluation of each materials truth concerning any nation, area, market, business, funding, or technique.

Investopedia requires writers to make use of major sources to help their work. These embody white papers, authorities knowledge, unique reporting, and interviews with business specialists. We additionally reference unique analysis from different respected publishers the place acceptable. You may be taught extra concerning the requirements we comply with in producing correct, unbiased content material in our
editorial policy.
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  2. HEXO Corp. “Our Story.” Accessed Nov. 26, 2021.

  3. GlobalNewswire Inc. “HEXO Announces Strategic Executive Changes.” Accessed Nov. 27, 2021.

  4. GlobalNewswire Inc. “HEXO Announces Scott Cooper as President & CEO.” Accessed Nov. 27, 2021.

  5. Excessive Tide Inc. “Invest.” Accessed Nov. 26, 2021.

  6. Excessive Tide Inc. “About.” Accessed Nov. 26, 2021.

  7. Excessive Tide Inc. “Brands.” Accessed Nov. 26, 2021.

  8. Excessive Tide Inc. “High Tide Continues Expansion into Global CBD Market With Acquisition of Colorado Based NuLeaf Naturals.” Accessed Nov. 27, 2021.

  9. Village Farms Worldwide Inc. “About.” Accessed Nov. 26, 2021.

  10. Village Farms Worldwide Inc. “Brands.” Accessed Nov. 26, 2021.

  11. XE.com Inc. “1 CAD to USD – Convert Canadian Dollars to US Dollars.” Accessed Nov. 27, 2021.

  12. Village Farms Worldwide Inc. “Village Farms International Acquires 70% of Québec-Based ROSE LifeScience, a Leading Vertically Integrated Branded and Third-Party Supplier to the Québec Cannabis Market.” Accessed Nov. 27, 2021.

  13. GrowGeneration Corp. “Company Information.” Accessed Nov. 26, 2021.

  14. GrowGeneration Corp. “GrowGeneration Announces Mutual Termination of HGS Acquisition, Updates Guidance, and Enters New Mexico’s Thriving Cannabis Market with Acquisition of All Seasons Gardening.” Accessed Nov. 27, 2021.

  15. Cresco Labs Inc. “ABOUT US.” Accessed Nov. 26, 2021.

  16. Cresco Labs Inc. “Our Brands.” Accessed Nov. 26, 2021.

  17. Cresco Labs Inc. “Cresco Labs Closes Acquisition of Three High-Performing Pennsylvania Dispensaries.” Accessed Nov. 27, 2021.

  18. Cresco Labs Inc. “Cresco Labs to Acquire Three High-Performing Pennsylvania Dispensaries.” Accessed Nov. 27, 2021.

  19. Verano Holding Corp. “Investor Relations.” Accessed Nov. 26, 2021.

  20. Verano Holdings Corp. “Home Page.” Accessed Nov. 26, 2021.

  21. Jushi Holdings Inc. “Brands.” Accessed Nov. 26, 2021.

  22. Jushi Holdings Inc. “Jushi Holdings Inc. Further Expands Nevada Footprint Through Agreement to Acquire Vertically Integrated State Operator.” Accessed Nov. 27, 2021.

  23. Ayr Wellness Inc. “Our Brands.” Accessed Nov. 26, 2021.

  24. Ayr Wellness Inc. “Ayr Wellness Enters Agreement to Acquire Dispensary 33 in Chicago.” Accessed Nov. 27, 2021.

  25. Sundial Growers Inc. “Sundial Corporate Presentation – August 2021,” Web page 4 (PDF Obtain). Accessed Nov. 26, 2021.

  26. Sundial Growers Inc. “Sundial Corporate Presentation – August 2021,” Web page 14 (PDF Obtain). Accessed Nov. 26, 2021.

  27. Sundial Growers Inc. “Sundial Corporate Presentation – August 2021,” Web page 11 (PDF Obtain). Accessed Nov. 26, 2021.

  28. Sundial Growers Inc. “Sundial Announces Share Repurchase Program.” Accessed Nov. 27, 2021.

  29. OrganiGram Holdings Inc. “About Us.” Accessed Nov. 26, 2021.

  30. Revolutionary Industrial Properties Inc. “Our Business.” Accessed Nov. 26, 2021.

  31. Revolutionary Industrial Properties Inc. “Our Portfolio.” Accessed Nov. 26, 2021.

  32. Revolutionary Industrial Properties Inc. “Innovative Industrial Properties Acquires Property in California and Executes Long-Term Lease with Gold Flora.” Accessed Nov. 27, 2021.

  33. Tilray Inc. “Investors.” Accessed Nov. 26, 2021.

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