In this article, let’s take a look at the top 10 Canadian marijuana stocks you should invest in.
Cannabis is also called marijuana. In Canada, cannabis has been legalized since 2001 but only for medical purposes. In June 2018, its recreational use was legalized by the government. Its legalization saw cannabis companies and their products enter the Canadian stock market. Importantly, cannabis is believed to have originated in Asia and spread to the rest of the world. They first became popular in African countries and particularly with Jamaicans and their reggae music.
Canadian Marijuana Stocks
Cannabis was initially made illegal by various countries because it had psychoactive effects on the user and was wrong to consume.
Types of Marijuana
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Cannabis sativa, is 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 such as 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 enter the marijuana industry.
In other words, since its inception, Canopy Growth Corporation has grown significantly and sold its products under various brands such as Tweed.
Tweed gained his recognition by joining forces with the famous musician Snoop Dog. It is important to note that Canopy Growth trades on the Toronto and New York stock exchanges.
Toronto Stock Exchange
Canopy Growth Corporation (WEED:CA)
New York Stock Exchange
Canopy Growth Company (CGC)
Next on this list of best Canadian marijuana stocks is “Aurora Cannabis”.
Aurora Cannabis Inc. is a licensed Canadian cannabis producer, headquartered in Edmonton.
It trades on the Toronto Stock Exchange under the name 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 $5.071 billion.
The company was authorized in early January to sell oil. It went public in 2016 and has seen considerable growth since then.
Additionally, it was able to acquire companies such as MedReleaf Corp. and Whistler Medical Marijuana Corporation, a company that produces organic cannabis.
Aurora Announces Fourth Quarter and Full Year 2019 Financial Results
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Generates a net income of $98.9 millionup 52% compared to the previous quarter
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Net income increases by 61% to $94.6 million From the previous quarter
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Announces gross margin and net income of 58%
3. Aphria Incorporation
Third on this list of top 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 engaged in the production of dry oil and cannabis oil.
In April 2018, the company announced the sale of its products through Shoppers Drug Mart.
4. The Cronos group
Fourth on this list of top Canadian marijuana stocks is “The Cronos Group”.
Cronos Group is an innovative global cannabinoid company
It makes its own products and sells them through other companies.
Its market value on the stock market is $2.844 billion.
5. The Hexo company
Next on this list of the best Canadian marijuana stocks is “Hexo Corporation”.
Located in Quebec, this company is an approved medical producer.
Since HEXO Corp was incorporated in 2013 and became a publicly traded company in Canada in 2017. It has continued to expand, grow and behave like a valued investment.
Despite its stock decline, the company has just launched a product called Original Stash.
Market capacity stands at $656.233 million
6. CannTrust Holdings Inc.
On the other hand, CannTrust Holdings has a market capacity of $195.117 million and entered the New York Stock Exchange market in early 2019.
7. Namaste Technologies Inc.
Seventh on this list of top Canadian marijuana stocks is “Namaste Technologies Inc”.
Namaste Technologies is a cannabis e-commerce company and marijuana-related technology company.
Likewise, the company uses artificial intelligence to help patients and customers, and operates its vaporizer and smoking accessories sales business in over 20 countries with over 30 websites and currently has over 1.5 million customers worldwide.
Above all, Namaste Technologies has a market capacity of $97.082 million.
It is more focused on e-commerce of medical cannabis production.
Furthermore, the company has spread its wings in twenty different countries and has also incorporated CannMart Incorporation into its portfolio.
8. OrganiGram Holdings Inc.
Eighth on this list of top Canadian marijuana stocks is “OrganiGram Holdings Inc.”
OrganiGram Holdings Inc is a Canadian licensed producer of cannabis products.
The company focuses on the production of indoor-grown plants for patients and adult recreational consumers, as well as the development of overseas business partnerships.
Accordingly, it is also engaged in the production of dry oil and cannabis oil.
9. Emerald Health Therapeutic
Ranking ninth on this list of top Canadian marijuana stocks is Emerald Health Therapeutics.
Emerald Health Therapeutics Inc is a vertically integrated Canadian licensed cannabis producer focused on developing proprietary products for medical and adult-use customers.
They are a Health Canada licensed medical cannabis producer with decades of experience in pharmaceutical innovation.
Emerald Health Therapeutics, Inc. (TSXV: EMH; OTCQX: EMHTF) is a licensed producer under the Cannabis Act and produces and sells oil for medical and recreational purposes.
A vertically integrated seed-for-sale company, Emerald has combined core competencies from decades of experience in pharmaceutical innovation with large-scale agricultural expertise focused on developing value-added products with potential wellness and health benefits.
Emerald is part of the Emerald Health Group, which focuses largely on the development of pharmaceutical, botanical and nutraceutical products that can provide wellness and health benefits by interacting with the human body’s endocannabinoid system.
10. The Supreme Cannabis Company Inc.
Last but not least, tenth on this list of the best Canadian marijuana titles is “The Supreme Cannabis Company Inc.”
Since 2014, Supreme has established itself as one of the fastest growing premium plant-based lifestyle companies in the world through efficient deployment of capital, with a focus 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 the leading cannabis growers and processors in Canada. As a result, we have entered into a number of supply agreements with top licensed cultivators to supply dried cannabis flowers.
On the other hand, the market capitalization of the company is $238.736 million.
The company was initially called Supreme Pharma before changing its name to Supreme Cannabis Company Incorporation.
Also recently, the company obtained a license to sell cannabis oil.
Conclusion
So here is the list of the 10 best Canadian marijuana stocks in 2020.
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