Both hemp and cannabis are increasingly popular industries. But while these two industries are based on the same plant, there is a key difference. Cannabis stocks are shares of companies that offer THC and CBD products, more commonly known as marijuana. Hemp refers to products with little to no THC. Hemp is most commonly used in clothing as an eco-friendly fiber and in health foods like vegan hemp milk.
We've compiled a list of popular hemp stocks. The best stocks depend on your portfolio and investment goals—while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time. If you're looking for more info on cannabis stocks, read our guide to investing in marijuana.
We round up a selection of stocks in or related to the hemp industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy on Questrade |
|---|---|---|---|---|---|
| Levi Strauss-and-Co Class A (LEVI.US) | 21.44% | $9.5 billion (USD) | NYSE | 1,740,589 | Buy now |
| Tilray (TLRY.US) | 616.95% | $602.7 million (USD) | NASDAQ | 4,478,247 | Buy now |
| Canopy Growth (CGC.US) | -11.24% | $411.6 million (USD) | NASDAQ | 1,614,200 | Buy now |
| Ecofibre (EOFBF.US) | 0.00% | $378,873 (USD) | PINK | (data unavailable) | Buy now |
The hemp industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering hemp stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
A lot of factors go into picking the best hemp stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong hemp stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular hemp stocks in or related to the hemp industry to help narrow down your options:
Keep in mind that this is not a "best" list or a recommendation. It highlights some hemp stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each hemp stock below. Keep reading to decide if any of these companies are the right investment for you.
Levi Strauss & Co. designs, markets, and sells apparels and related accessories for men, women, and children in the United States and internationally. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Levi Strauss Signature, Denizen, and Beyond Yoga brands.
It sells its products through third-party retailers, such as department stores, specialty retailers, third-party e-commerce sites, and franchisees; and directly to consumers through company-operated mainline and outlet stores, company-operated e-commerce sites, and select shop-in-shops located in department stores and other third-party retail locations.
| Closing stock price | $24.75 |
|---|---|
| Market Capitalization | $9.5 billion |
| Gross profit (TTM) | $4.1 billion |
| Profit margin | 9.67% |
| Revenue (TTM) | $6.6 billion |
| Earnings per share (TTM) | $1.41 |
| 52-week stock price range | $17.50 – $25.70 |
Tilray Brands, Inc., a lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, the Middle East, Africa, and internationally. The company operates through four segments: Beverage, Cannabis, Distribution, and Wellness.
It also offers medical and adult-use cannabis products; resells and distributes pharmaceutical and wellness products; and produces, markets, and sells beverage products, and hemp-based food products.
| Closing stock price | $4.43 |
|---|---|
| Market Capitalization | $602.7 million |
| Gross profit (TTM) | $262.6 million |
| Profit margin | -13.26% |
| Revenue (TTM) | $915.5 million |
| Earnings per share (TTM) | -$1.04 |
| 52-week stock price range | $3.67 – $23.20 |
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis-related products for medical and adult use in Canada, Germany, the United States, and internationally. The company operates through two segments, Cannabis and Storz & Bickel.
It also provides vaporizers and accessories; dried flower and pre-rolled joints, oil, and vapes and beverages; extracts and concentrates, such as softgel capsules; and cannabis edibles, including gummies.
| Closing stock price | $0.93 |
|---|---|
| Market Capitalization | $411.6 million |
| Gross profit (TTM) | $79.5 million |
| Profit margin | -92.38% |
| Revenue (TTM) | $284.6 million |
| Earnings per share (TTM) | -$0.62 |
| 52-week stock price range | $0.84 – $2.38 |
Ecofibre Limited, together with its subsidiaries, engages in the polymer, health care, and hemp seed genetics businesses in the United States and Australia. The company operates through Ecofibre Advanced Technologies, Ananda Health, Ecofibre Genetics, and EOF Bio segments.
It offers cannabinoid based health products for human and pet consumption.
| Closing stock price | $0.00 |
|---|---|
| Market Capitalization | $378,873 |
| Gross profit (TTM) | $11 million |
| Profit margin | -58.18% |
| Revenue (TTM) | $28.4 million |
| Earnings per share (TTM) | -$0.03 |
| 52-week stock price range | $0.00 – $0.00 |
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Learn how to buy SpaceX stock in Canada and see stock performance history over time.
We break down which companies hold Ethereum, why they’re doing it and what ETH treasuries mean for markets and investors.
Want to invest in the Euro Stoxx 50 in Canada? Explore investment platforms and popular Euro Stoxx 50 index funds.
How Wealthsimple Predict works and how you can potentially use it to make money trading on real-world events.
Compare Wealthsimple and Moomoo side-by-side to decide where to trade stocks, ETFs and more.
Questrade and Moomoo do battle to decide which is the better stock trading platform.
New to Questrade? Check out available promotions and offer codes on now.
Enjoy perks like free trades and cash back when you open a stock trading account with these online broker promotions.
These are the best renewable energy stocks to buy now in Canada.
Why companies repurchase shares and who stands to benefit from the transaction.
Your guide to six Robinhood Canada alternatives for trading stocks, ETFs and more.
A step-by-step guide on how to open a trading account in Canada.
Interactive Brokers makes it easy for Canadian investors to access global exchanges with competitive rates and fees.