Six Cannabis Stocks Getting Busy Ahead Of A 'Green Christmas'

cbdMD, Inc. (NYSE: YCBD), one of the nation’s leading and most highly trusted and recognized cannabidiol (CBD) brands, announced on its financial results for the fourth quarter of 2020 on December 22. Net sales increased by 77% year-over-year to a record of $41.9 million in the company's fiscal 2020. This is an increase from the $23.6 million in company's fiscal 2019. cbdMD's gross profit margin increased to 63% in fiscal 2020 compared to the 61% increase reported for 2019.

GW Pharmaceuticals plc (Nasdaq: GWPH), the world leader in the commercialization of cannabinoid prescription medicines, along with U.S. subsidiary Greenwich Biosciences, announced on December 21 that JAMA Neurology has published the results of the company’s positive Phase 3 clinical trial of EPIDIOLEX® oral solution and its effectiveness in seizures associated with tuberous sclerosis complex.

HEXO Corp (NYSE: HEXO)announced on December 18 that, following shareholder approval of the previously announced consolidation of its issued and outstanding common shares based on four into one share reverse stock split at its annual and special meeting of shareholders back on December 11.

Organigram Holdings Inc. (Nasdaq: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, announced the launch of three new Edison Cannabis Co. Indica strains on December 22. These new strains include high-potency Black Cherry Punch, Ice Cream Cake, and full-flavor Slurricane.

Sundial Growers Inc. (Nasdaq: SNDL) announced on December 21 that the company is now debt-free, following the prepayment of the remaining outstanding principal under its senior secured non-revolving term credit facility of $21.9 million CAD. As of today, no debt remains outstanding for Sundial Growers.

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