E Not All "Pot" Stocks Are Penny Stocks: These 16 Trade Above $5/share

While it is true that most (57%) of the universe of 135 medical & recreational marijuana/cannabis "pot' stocks are penny stocks (i.e. trading for less than $1/share) 43% of them do trade in excess of $1/share of which 10 trade at $5 to $10/share and 6 trade in excess of $10/share. Below is a breakdown of the those 16 stocks with pertinent data on each and links to their web sites.

Of the 6 highest priced (i.e. $10+) stocks 5 trade on the Toronto Stock Exchange (TSE) and 1 on the Canadian Securities Exchange (CSE). Beta depicts the level of systematic and unsystematic risk based on prior performance. The 6 stocks are as follows:

(All dollar figures below are Canadian as of July 12/19 unless otherwise noted)

1.  Canopy Growth Inc. (TSE:WEED; NYSE:CGC) - $44.58 - Market Cap: $18.5B
www.canopygrowth.com Beta: 4.1

  • Business Description: The company grows, produces and sells medical marijuana supported by over half million square feet of indoor and greenhouse marijuana production selling its products under the brand names Tweed, Bedrocan, and Mettrum.
  • Latest News: The company announced on July 3rd that it had terminated its co-founder and co-CEO, Bruce Linton, as a result of the company's recently very disappointing year-end results.  Canopy’s other co-CEO, Mark Zekulin, assumed sole possession as leading executive until the transition period is completed and a replacement is found. Related Article

2. Charlotte's Web Holdings, Inc. (TSE:CWEB) - $21.17 - Market Cap: $1.9B
www.charlottesweb.com Beta: 2.9

  • Business Description: The company is a vertically-integrated cannabis company that is headquartered in Boulder, CO with an initial focus on hemp-based, cannabidiol wellness products.
  • Latest News: Charlotte’s Web recently launched a line of pet products, including functionally-focused chews with synergistic ingredients to target specific health functions, including: Calming, Hips & Joints and Cognition. On May 28 the Canadian Securities Exchange (CSE) issued a delisting notice for Charlotte’s Web Holdings confirming the senior Canadian exchange TSX as its new listing. Related Article

3. Cronos Group Inc. (TSE:CRON; Nasdaq: CRON) - $18.51 - Market Cap: $6.7B
www.thecronosgroup.com Beta: 4.1

  • Business Description: The company cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Brands, and its two recreational brands, COVE and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia and Australia to drive further cultivation and growth. In March, 2019, Cronos closed a C$2.4B strategic investment from Altria Group. This investment will help the company expand its product development and commercialization capabilities.
  • Latest News: Despite the company posting improved revenue and net loss for the fiscal first quarter on July 3rd, CRON stock has tumbled as its results fell short of analysts’ forecast. Related Article

4. Horizons Marijuana Life Sciences ETF (TSE:HMMJ) - $16.58 - Market Cap: $831.7M
www.HorizonsETFs.com  Beta: 3.2

  • Business Description: This ETF provides exposure to companies with significant business activities in, or significant exposure to, companies involved in the marijuana industry in the U.S. where local state law regulates and permits such activities, as well as in companies involved in the Canadian legal marijuana industry. The vast majority of the constituents currently trade on the Canadian Securities Exchange and NEO.
  • Latest News: The HMJR portfolio added more than 20 names to it this quarter mostly from Australia, Israel and, of course, the United States to get exposure to the early entrants into new markets. Related Article
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