Cannabis and Hemp Sector Ideas

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>>> Top Marijuana Stocks for November 2020

VFF.TO, JUSH, and GRWG are top for value, growth, and momentum, respectively


Investopedia

By MATTHEW JOHNSTON

Nov 5, 2020


https://www.investopedia.com/investing/top-marijuana-stocks/?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral


The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. Cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal and other uses. Some of the biggest companies in the marijuana industry include Canopy Growth Corp. (CGC), Cronos Group Inc. (CRON), and Tilray Inc. (TLRY). Many big marijuana companies have continued to post sizable net losses as they focus on investing in equipment to speed up revenue growth, which remains strong despite the pandemic-spurred economic downturn.

On November 3, 2020, voters in New Jersey, Arizona, and Montana approved ballot measures to legalize recreational marijuana, and Mississippi has voted to legalize medical marijuana use. South Dakota, approved ballot measures to approve both.

Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF (MJ), have dramatically underperformed the broader market. MJ has provided a total return of -42.5% over the past 12 months, well below the Russell 1000's total return of 15.6%, as of October 27, 2020.1? All statistics in the tables below are as of October 28.

Here are the top 3 marijuana stocks with the best value, the fastest growth, and the most momentum.

Best Value Marijuana Stocks

These are the marijuana stocks with the lowest 12-month trailing price-to-sales (P/S) ratio. For young companies that have not reached profitability, this can provide an idea of how much business you’re getting for each dollar invested.

Best Value Marijuana Stocks

Price ($) Market Cap ($M) 12-Month Trailing P/S Ratio

Village Farms International Inc. (VFF.TO) CA$6.57 CA$433.3 1.7

Aurora Cannabis Inc. (ACB.TO) CA$5.24 CA$636.8 1.8

Harvest Health & Recreation Inc. (HARV.CX) CA$1.91 CA$700.9 2.6


Village Farms International Inc.: Village Farms International is a Canada-based agricultural producer. In addition to growing standard vegetables like tomatoes, bell peppers, and cucumbers, the company now also produces cannabis.

Aurora Cannabis Inc.: Aurora Cannabis is a Canada-based company engaged in the production, distribution, and sale of cannabis products. The company announced on September 8 the appointment of Miguel Martin to the role of Chief Executive Officer (CEO). Michael Singer, who was serving as Interim CEO, stepped down from his temporary role, but will remain the company's Executive Chairman.2?

Harvest Health & Recreation Inc.: Harvest Health & Recreation is a Canada-based cannabis company that specializes in cultivation, dispensaries, and production facilities for medicinal and recreational marijuana.

Fastest Growing Marijuana Stocks

These are the marijuana stocks with the highest year-over-year (YOY) sales growth for the most recent quarter. Rising sales show that a company’s business is growing. This is often used to measure growth of young companies that have not yet reached profitability.

Fastest Growing Marijuana Stocks

Price ($) Market Cap ($M) Revenue Growth (%)

Jushi Holdings Inc. (JUSH) CA$3.49 CA$376.9 6,730

Neptune Wellness Solutions Inc. (NEPT.TO) CA$2.43 CA$312.9 389.9

Cresco Labs Inc. (CL.CX) CA$9.51 CA$1,976 226.7


Jushi Holdings Inc.: Jushi Holdings is a holding company focused on building a portfolio of branded-cannabis and hemp-based assets engaged in retail, distribution, cultivation, and processing operations. The company announced at the beginning of October preliminary revenue estimates for Q3 2020, which ended September 30, 2020. Jushi expects record third-quarter revenue of $24 million.3?

Neptune Wellness Solutions Inc.: Neptune Wellness Solutions is a Canada-based integrated health and wellness company. The company is focused on building a portfolio of natural, plant-based consumer products, including cannabis and hemp.

Cresco Labs Inc.: Cresco Labs is a consumer-packaged cannabis products company involved in growing, manufacturing, and distribution.
Marijuana Stocks with the Most Momentum

These are the marijuana stocks that had the highest total return over the last 12 months.

Marijuana Stocks with the Most Momentum


Price ($) Market Cap ($M) 12-Month Trailing Total Return (%)

GrowGeneration Corp. (GRWG) 17.85 851.1 362.4

Trulieve Cannabis Corp. (TRUL) CA$31.21 CA$3,529 135.0

Planet 13 Holdings Inc. (PLTH) CA$4.47 CA$530.1 125.8
Russell 1000 N/A N/A 15.6

ETFMG Alternative Harvest ETF (MJ) N/A N/A -42.5


GrowGeneration Corp.: GrowGeneration is a distributor of agricultural products. The company operates retail hydroponic and organic specialty gardening retail outlets. It offers plant nutrition, farming soils, crops, advanced lighting technology, hydroponic and aquaponic equipment, and more. GrowGeneration has made two recent acquisitions. The company announced on October 12 that it had acquired Hydroponics Depot, the largest indoor and outdoor garden center in Phoenix.4? A week later, the company announced its acquisition of Big Green Tomato, a Michigan-based hydroponic equipment store.5?

Trulieve Cannabis Corp.: Trulieve Cannabis is a Canada-based holding company that, through its subsidiaries, engages in the cultivation, possession, sale, and distribution of medical cannabis. The company announced in mid-September that it has entered agreements to acquire cultivator and producer PurePenn LLC and Pioneer Leasing & Consulting LLC, known collectively as PurePenn. In addition, Trulieve is buying dispensary operator Keystone Relief Centers LLC, known as Solevo Wellness.6?

Planet 13 Holdings Inc.: Planet 13 is a holding company that, through its subsidiaries, develops cannabis-based products. The company's products include cannabis, cannabis extracts, infused products, vapes, edibles, and more. Planet 13 announced in early October preliminary estimates of record quarterly revenue of $22.8 million for Q3 2020.

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