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Best Cannabis Stocks To Keep An Eye On - April 19th

Tilray logo with Consumer Staples background

Tilray, Canopy Growth, Indivior, Innovative Industrial Properties, Gibraltar Industries, Turning Point Brands, and Aurora Cannabis are the seven Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks are shares of companies that operate in the legal cannabis industry, including those involved in cultivation, production, processing, and distribution of cannabis and related products. Their market performance is often influenced by regulatory changes, industry trends, and evolving consumer demand in both medical and recreational sectors. 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 Tilray stock traded down $0.03 during trading on Friday, hitting $0.45. The stock had a trading volume of 44,059,783 shares, compared to its average volume of 29,393,479. The firm has a market cap of $421.94 million, a price-to-earnings ratio of -1.50 and a beta of 1.88. Tilray has a 12 month low of $0.43 and a 12 month high of $2.52. The business's 50-day moving average is $0.67 and its 200 day moving average is $1.13. The company has a current ratio of 2.54, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10.

Read Our Latest Research Report on TLRY

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.

NASDAQ CGC traded up $0.01 during trading on Friday, reaching $1.19. The company's stock had a trading volume of 12,421,238 shares, compared to its average volume of 6,733,564. The stock has a market capitalization of $188.75 million, a PE ratio of -0.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.52 and a quick ratio of 2.58. The firm has a fifty day moving average of $1.22 and a 200 day moving average of $2.67. Canopy Growth has a one year low of $0.77 and a one year high of $14.92.

Read Our Latest Research Report on CGC

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

INDV traded down $0.05 on Friday, reaching $9.01. The company had a trading volume of 1,484,689 shares, compared to its average volume of 944,714. Indivior has a 52-week low of $7.33 and a 52-week high of $19.13. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -25.74 and a beta of 0.93. The business has a 50 day simple moving average of $9.50 and a 200 day simple moving average of $10.32.

Read Our Latest Research Report on INDV

Innovative Industrial Properties (IIPR)

Shares of NYSE:IIPR traded up $0.54 during trading on Friday, reaching $51.50. The company had a trading volume of 194,685 shares, compared to its average volume of 270,653. The company has a fifty day moving average of $64.18 and a two-hundred day moving average of $86.78. The company has a current ratio of 14.32, a quick ratio of 11.53 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.46 billion, a P/E ratio of 9.31 and a beta of 1.59. Innovative Industrial Properties has a 12 month low of $45.44 and a 12 month high of $138.35.

Read Our Latest Research Report on IIPR

Gibraltar Industries (ROCK)

Gibraltar Industries, Inc. manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.

Shares of ROCK traded down $0.02 during midday trading on Friday, reaching $51.78. The stock had a trading volume of 179,753 shares, compared to its average volume of 211,578. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.58 and a beta of 1.22. The company's 50-day moving average is $60.42 and its 200 day moving average is $63.84. Gibraltar Industries has a 12-month low of $48.96 and a 12-month high of $81.90.

Read Our Latest Research Report on ROCK

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 up $0.43 on Friday, reaching $57.72. 113,731 shares of the company's stock traded hands, compared to its average volume of 159,706. The stock has a market cap of $1.03 billion, a PE ratio of 22.90 and a beta of 0.70. Turning Point Brands has a 12 month low of $26.87 and a 12 month high of $72.54. The stock has a 50-day simple moving average of $61.56 and a 200 day simple moving average of $57.71. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78.

Read Our Latest Research Report on TPB

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.

Shares of Aurora Cannabis stock traded up $0.10 during trading on Friday, reaching $4.44. The company's stock had a trading volume of 1,192,372 shares, compared to its average volume of 2,129,765. The company has a market cap of $249.59 million, a price-to-earnings ratio of 88.82 and a beta of 1.63. The firm's 50-day moving average is $4.77 and its two-hundred day moving average is $4.74. Aurora Cannabis has a 52-week low of $3.42 and a 52-week high of $9.35. The company has a quick ratio of 1.60, a current ratio of 3.30 and a debt-to-equity ratio of 0.07.

Read Our Latest Research Report on ACB

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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