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Our top picks for the best cannabis stocks include Canopy Growth, The Green Dutchman and WeedMD. We also list other weed stocks worth watching on as the sector continues to expand and more competitors enter the space.
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.
Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increases and decrease in value.
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.
To avoid smaller, more speculative stocks, we only include companies with a market cap of more than CAD $200 million. In order to better compare historical data, we filtered out stocks that have been listed for less than five years.
We do not guarantee the performance or returns of any investment. Our methodology might filter out some good stocks, so our decision to include or exclude a stock from this list does not indicate whether it’s a good or bad investment. For more info about our algorithm, check out our stock ranking page.
The algorithm was last updated 27 January 2021. This list and data was compiled July 6, 2021.
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. 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. WeedMD sells to medical patients, across the senior’s market, through supply agreements with Shoppers Drug Mart and through 6 provincial distribution agencies.
The Green Organic Dutchman Holdings Ltd., through its subsidiaries, produces and sells organic cannabis in Canada. It offers organic cannabis products, such as cannabis plants, cannabis plant seeds, dried cannabis, fresh cannabis, cannabis oils, cannabis topicals, cannabis extracts, and edible cannabis to retailers or distributors, and federal licensed entities.
These other Canadian weed stocks may be worth keeping an eye on as the sector continues to grow.
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. The company supplies cannabis extract products to patients, physicians, pharmacies, hospitals, governments, and researchers.
Aurora Cannabis Inc. produces and distributes medical cannabis products worldwide. It is involved in facility engineering and design, cannabis breeding, genetics research, production, derivatives, high value-add product development, home cultivation, wholesale and retail distribution. The company produces various dried cannabis, oil, capsules and topical kits for medical use as well as vaporizers and vaporizer accessories.
To invest in any of these weed stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.
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