In this article, let’s look at the top 10 Canadian Marijuana stocks you should be investing.
Cannabis is also called marijuana. In Canada, cannabis has been made legal since 2001 but only for medical purposes. In June 2018 it was made legal for recreational use by the government. Its legalization has seen companies producing cannabis and their products enter the Canadian stock market. Above all, It is believed that cannabis originated in Asia and spread to the rest of the world. They first got popular in the African nations and particularly with the Jamaicans and their reggae music.
Canadian Marijuana Stocks
Cannabis was initially made illegal by various countries owing to it that it had psychoactive effects on the consumer and it was wrong to use it.
Types Of Marijuana
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Cannabis sativa, is the real marijuana and has psychoactive effects
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Cannabis sativa L. has no psychoactive effects and is used by manufacturing companies in products like oil
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Other species include Indica and Ruderalis
Top 10 Canadian Marijuana Stocks In 2020
1. Canopy Growth Corp
First on this list of Canadian Marijuana Stocks is “Canopy Growth Corp”.
Canopy Growth Corp is the first Canadian company to venture into the Marijuana industry.
In other words, since its inception Canopy Growth Corporation has expanded tremendously and sold its products under various brands such as Tweed.
Tweed gained recognition through annexing it had with the famous musician Snoop Dog. Importantly, Canopy Growth trades on the Toronto and New York Stock Exchanges.
TSX
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Current ($) – 26.71
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52 Week High ($) – 70.98
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52 Week Low ($) – 25.19
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Market Cap ($) – 9.26B
NYSE
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Current ($) – 20.40
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52 Week High ($) – 52.74
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52 Week Low ($) – 17.89
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Market Cap ($) – 7.07B
2. Aurora Cannabis
Next on this list of the Best Canadian Marijuana Stocks is “Aurora Cannabis”.
Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton.
It trades on the Toronto Stock Exchange as ACB. As of 2019, Aurora Cannabis had eight licensed production facilities, five sales licenses, and operations in 24 countries.
Aurora has a market capacity of $5.071B.
The company was licensed in early January to sell oil. Its entry into the stock exchange tracks back to 2016 and has seen tremendous growth since then.
Also, It’s has been able to acquire companies such as MedReleaf Corp. and Whistler Medical Marijuana Corporation, a company that produced organic cannabis.
Aurora Announces Financial Results for the Fourth Quarter and 2019 Fiscal Year
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Generates Net Revenue of $98.9 Million, Up 52% From Prior Quarter
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Net Revenue Increases 61% to $94.6 Million From Prior Quarter
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Reports Gross Margin Net Revenue of 58%
3. Aphria Incorporation
Third on this list of the Best Canadian Marijuana Stocks is “Aphria Incorporation”.
Aphria Inc. is a Canadian company. It is listed on the Toronto Stock Exchange and the New York Stock Exchange and has a market capitalization of $3 billion making it one of the largest cannabis companies in the world.
On the other hand, Aphria Incorporation is into the production of dry and cannabis oil.
In April 2018, the company announced selling its products through Shoppers Drug Mart.
4. The Cronos Group
Fourth on this list of the Best Canadian Marijuana Stocks is “The Cronos Group”.
Cronos Group is an innovative global cannabinoid company
It produces its own products and sells them through other companies.
Its market value in the stock market is $2.844B.
5. The Hexo Corporation
Next on this list of the Best Canadian Marijuana Stocks is “Hexo Corporation”.
Located in Quebec, this company is a licensed medical producer.
Ever since HEXO Corp was incorporated in 2013 and became a publicly listed company in Canada in 2017. They have constantly expanded, grown and performed as a valued investment.
Despite the drop in its stock, the company just launched a product by the name Original Stash.
The market capacity stands at $656.233M
6. CannTrust Holdings Inc
Sixth on this list of the Canadian Marijuana Stocks is “CannTrust Holdings Inc”.
CannTrust is a leading federally licensed provider of medical cannabis.
It’s the winner of seven Canadian Cannabis Awards in 2018, including the top award, Licensed Producer of the Year.
On the other hand, CannTrust Holdings has a market capacity of $195.117M, and it entered the New York Stock Exchange market early in 2019.
7. Namaste Technologies Inc
Seventh on this list of the Best Canadian Marijuana Stocks is “Namaste Technologies Inc”.
Namaste Technologies is a Cannabis eCommerce and a marijuana-related tech company.
Likewise, the company uses artificial intelligence to assist patients and customers, and conducts business selling vaporizers and smoking paraphernalia in 20+ countries with 30+ websites and currently has over 1.5 million global customers
Above all, Namaste Technologies has a market capacity of $97.082M.
It’s more focused on the e-commerce of medical cannabis production.
Also, the company has spread its wings to twenty different countries and also has incorporated CannMart Incorporation into its portfolio.
8. OrganiGram Holdings Inc
Eighth on this list of the Best Canadian Marijuana Stocks is “OrganiGram Holdings Inc””.
OrganiGram Holdings Inc is a Canada licensed producer of cannabis products.
The company focuses on producing indoor-growth for patients and adult recreational consumers, as well as developing overseas business partnerships.
As a result, It’s also into the production of dry and cannabis oil.
9. Emerald Health Therapeutics
Ninth on this list of the Best Canadian Marijuana Stocks is “Emerald Health Therapeutics”.
Emerald Health Therapeutics Inc is a vertically integrated Canadian licensed producer of cannabis, focused on developing proprietary, products for medical and adult-use customers.
It is a Health Canada Licensed Producer of medical cannabis with decades of experience in pharmaceutical innovation.
Emerald Health Therapeutics, Inc. (TSXV: EMH; OTCQX: EMHTF) is a Licensed Producer under Cannabis Act and produces and sells oil for medical and recreational purposes.
A vertically integrated, seed-to-sale enterprise, Emerald has combined core competencies from decades of experience in pharmaceutical innovation with large-scale agriculture expertise focused on developing value-added products with potential wellness and medical benefits.
Emerald is part of the Emerald Health group, which is broadly focused on developing pharmaceutical, botanical, and nutraceutical products that may provide wellness and medical benefits by interacting with the human body’s endocannabinoid system.
10. The Supreme Cannabis Company Inc
Last but not the least, tenth on this list of the Best Canadian Marijuana stocks is “The Supreme Cannabis Company Inc.”
Since 2014, Supreme has emerged as one of the world’s fastest-growing, premium plant driven-lifestyle companies by effectively deploying capital, with an emphasis on disciplined growth and high-quality products.
Supreme’s vision is to improve global well-being. They are extremely proud to work with some of Canada’s leading cannabis producers and processors. As a result, we’ve entered into a number of supply agreements with top licensed cultivators to provide dried cannabis flowers.
On the other hand, the market cap of the company is $238.736M.
The company was initially referred to as Supreme Pharma before rebranding and took the name Supreme Cannabis Company Incorporation.
Also recently the company has been licensed to sell cannabis oil.
Conclusion
Now then, that was the list of the 10 best Canadian Marijuana Stocks in 2020.
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