Cannabis ETF Tops In May: 5 Stocks That Led The Way

Sundial Growers Inc. (SNDL): This Canada-based company operates as a pharmaceutical company. It produces and grows cannabis strains. It has gained 76.5% in a month. The stock makes up for 1.3% share in POTX.

Aurora Cannabis Inc. (ACB - Free Report): This Canada-based company is engaged in the production and distribution of medical cannabis. Aurora Cannabis occupies the top position in the fund’s basket with 10.7% allocation. It has also delivered incredible returns of 69.5% in a month. The stock has a Zacks Rank #3 (Hold) and VGM Score of F.

cbdMD Inc. (YCBD - Free Report): This U.S.-based company owns and operates the consumer hemp-based cannabidiol brand, cbdMD. The stock has surged 69% in a month. It currently carries a Zacks Rank #3 and has VGM Score of F. YCBD accounts for 1.1% of total assets.

HEXO Corp. (HEXO - Free Report): This Quebec-based is a consumer-packaged goods cannabis company. The stock takes the eighth spot in the fund’s basket with 4.9% of the assets. It has gained 31.5% in a month. HEXO has a Zacks Rank #2 (Buy) and VGM Score of F. 

Tilray Inc. (TLRY - Free Report): This Canada-based pharmaceutical company develops cannabis-based medicines, drugs, drops, and oil products. Tilray occupies the second position in the fund’s basket with 8.1% allocation. It has gained 28.1% in a month. The stock has a Zacks Rank #3 and VGM Score of F.

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Lorimer Wilson 3 months ago Contributor's comment

None of the 11 Marijuana ETFs accurately reflect the performance of the cannabis sector because of all the cannabis "wanna be" companies that are included. Check out my exclusive TM article entitled "Marijuana" ETFs: A Troubling Expose (talkmarkets.com/.../marijuana-etfs-a-troubling-expose) for all the details.