Best Cannabis Stocks Worth Watching – May 13th

Canopy Growth, Tilray, Village Farms International, Innovative Industrial Properties, and Gibraltar Industries are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies whose business activities center on the legal cannabis industry, including cultivation, processing, distribution, retail and ancillary services. These equities give investors exposure to both medical and recreational marijuana markets, as well as related sectors such as biotechnology and equipment manufacturing. Their performance is often driven by shifting regulations, consumer adoption rates and advances in cannabis research. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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 $0.03 on Tuesday, hitting $1.49. 3,400,190 shares of the company’s stock were exchanged, compared to its average volume of 5,926,257. The stock has a 50-day moving average of $1.13 and a 200-day moving average of $2.30. The company has a current ratio of 3.52, a quick ratio of 2.58 and a debt-to-equity ratio of 0.74. Canopy Growth has a 52 week low of $0.77 and a 52 week high of $11.95. The stock has a market cap of $273.92 million, a price-to-earnings ratio of -0.39 and a beta of 0.79.

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 TLRY traded down $0.01 during trading hours on Tuesday, reaching $0.45. The stock had a trading volume of 10,848,908 shares, compared to its average volume of 28,502,624. The stock has a market capitalization of $452.82 million, a PE ratio of -1.50 and a beta of 1.95. Tilray has a 12 month low of $0.41 and a 12 month high of $2.31. The company’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 2.54.

Village Farms International (VFF)

Village Farms International, Inc., together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.

Village Farms International stock traded up $0.21 during trading hours on Tuesday, reaching $0.91. 4,664,545 shares of the company’s stock were exchanged, compared to its average volume of 456,376. The company has a quick ratio of 1.09, a current ratio of 2.05 and a debt-to-equity ratio of 0.16. The firm’s 50 day simple moving average is $0.63 and its 200 day simple moving average is $0.73. The firm has a market capitalization of $102.75 million, a PE ratio of -2.03 and a beta of 2.17. Village Farms International has a twelve month low of $0.45 and a twelve month high of $1.48.

Innovative Industrial Properties (IIPR)

Shares of IIPR traded down $0.16 during trading hours on Tuesday, hitting $55.72. The stock had a trading volume of 69,368 shares, compared to its average volume of 353,951. Innovative Industrial Properties has a 1-year low of $45.44 and a 1-year high of $138.35. The firm has a market capitalization of $1.56 billion, a P/E ratio of 10.08 and a beta of 1.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53. The firm has a 50 day simple moving average of $57.62 and a 200-day simple moving average of $76.85.

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.

NASDAQ ROCK traded up $1.14 during trading hours on Tuesday, hitting $63.08. The company’s stock had a trading volume of 59,994 shares, compared to its average volume of 219,023. Gibraltar Industries has a 52 week low of $48.96 and a 52 week high of $81.90. The company has a market capitalization of $1.86 billion, a PE ratio of 14.11 and a beta of 1.30. The company’s 50-day simple moving average is $57.75 and its two-hundred day simple moving average is $62.29.