Tilray, Aurora Cannabis, Canopy Growth, Innovative Industrial Properties, Quantum Biopharma, SNDL, and Turning Point Brands are the seven Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks refer to publicly traded companies that are engaged in various aspects of the cannabis industry, including cultivation, production, distribution, and sale of cannabis and cannabis-related products. Investors may purchase shares of these companies in order to participate in the growth potential of the legal cannabis market. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.
Tilray (TLRY)
Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.
Shares of NASDAQ:TLRY traded down $0.02 during midday trading on Friday, hitting $0.93. The stock had a trading volume of 13,854,904 shares, compared to its average volume of 47,032,719. Tilray has a 12 month low of $0.91 and a 12 month high of $2.97. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. The business's 50-day simple moving average is $1.22 and its 200-day simple moving average is $1.51. The company has a market cap of $868.27 million, a P/E ratio of -3.09 and a beta of 2.07.
Read Our Latest Research Report on TLRY
Aurora Cannabis (ACB)
Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
Aurora Cannabis stock traded down $0.37 during mid-day trading on Friday, hitting $6.26. 1,508,068 shares of the company's stock traded hands, compared to its average volume of 4,500,354. The firm has a 50 day simple moving average of $4.44 and a two-hundred day simple moving average of $5.18. Aurora Cannabis has a fifty-two week low of $2.84 and a fifty-two week high of $9.35. The stock has a market cap of $343.15 million, a price-to-earnings ratio of 125.33 and a beta of 1.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.30 and a quick ratio of 1.88.
Read Our Latest Research Report on ACB
Canopy Growth (CGC)
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 the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.
Canopy Growth stock traded down $0.01 during mid-day trading on Friday, hitting $1.88. 3,561,469 shares of the company's stock traded hands, compared to its average volume of 8,263,908. Canopy Growth has a fifty-two week low of $1.75 and a fifty-two week high of $14.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.39 and a quick ratio of 1.07. The stock has a market cap of $245.73 million, a price-to-earnings ratio of -0.38 and a beta of 0.86. The firm has a 50 day simple moving average of $2.56 and a two-hundred day simple moving average of $4.13.
Read Our Latest Research Report on CGC
Innovative Industrial Properties (IIPR)
Shares of Innovative Industrial Properties stock traded down $0.76 during trading on Friday, reaching $73.80. The company's stock had a trading volume of 55,388 shares, compared to its average volume of 273,489. Innovative Industrial Properties has a 52 week low of $62.45 and a 52 week high of $138.35. The business's 50-day moving average price is $76.71 and its 200-day moving average price is $106.57. The company has a quick ratio of 11.53, a current ratio of 11.53 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.09 billion, a PE ratio of 13.14 and a beta of 1.40.
Read Our Latest Research Report on IIPR
Quantum Biopharma (QNTM)
Quantum Biopharma Ltd. is a biotechnology pharmaceutical research and development company, which focuses on the cultivation, process, and sale of medical cannabis. It operates through the Biotechnology and Strategic Investments segments. The Biotechnology segment is involved in the research and development of the company's three drug candidates consisting of FSD-PEA, Lucid-PSYCH, and Lucid-MS.
QNTM traded down $1.14 on Friday, hitting $9.51. 325,054 shares of the stock were exchanged, compared to its average volume of 4,649,779. Quantum Biopharma has a 12 month low of $2.70 and a 12 month high of $70.85. The company has a 50-day moving average of $4.77. The firm has a market capitalization of $18.27 million, a price-to-earnings ratio of -0.62 and a beta of 0.61.
Read Our Latest Research Report on QNTM
SNDL (SNDL)
SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.
SNDL traded down $0.01 on Friday, hitting $1.86. 1,137,848 shares of the stock were exchanged, compared to its average volume of 2,178,942. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.61 and a quick ratio of 4.16. The firm has a market capitalization of $487.46 million, a price-to-earnings ratio of -5.98 and a beta of 3.11. SNDL has a 12 month low of $1.31 and a 12 month high of $2.93. The business has a 50-day moving average of $1.81 and a two-hundred day moving average of $1.97.
Read Our Latest Research Report on SNDL
Turning Point Brands (TPB)
Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.
NYSE TPB traded down $1.35 during trading on Friday, hitting $68.98. 21,986 shares of the company's stock were exchanged, compared to its average volume of 215,909. The company has a current ratio of 4.21, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33. The company has a market cap of $1.22 billion, a PE ratio of 27.37 and a beta of 0.65. Turning Point Brands has a fifty-two week low of $22.47 and a fifty-two week high of $70.57. The stock's 50 day moving average price is $60.54 and its two-hundred day moving average price is $50.54.
Read Our Latest Research Report on TPB
Recommended Stories
Before you consider Tilray, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tilray wasn't on the list.
While Tilray currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
