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Top Marijuana Stocks for April 2021

CLIQ.TO, CARA, and GRWG are top for value, growth, and momentum, respectively

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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 economic disruption spurred by the pandemic.

Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF (MJ), have dramatically outperformed the broader market. MJ has provided a total return of 122.1% over the past 12 months, nearly double the Russell 1000’s total return of 66.1%. These market performance numbers and all statistics in the tables below are as of March 24, 2021.

Here are the top 5 marijuana stocks with the best value, the fastest growth, and the most momentum.

On March 31, 2021, New York passed a law legalizing recreational cannabis, expanding medical use, and decriminalizing possession of small amounts of marijuana, among other measures. Not all of these provisions will go into effect immediately and there is not yet a timeline by which all these measures will be fully implemented.

Best Value Marijuana Stocks

Value investing is a factor-based investing strategy in which you pick stocks that you believe are trading for less than what they are intrinsically worth, usually by measuring the ratio of the stock’s price to one or more fundamental business metrics. A widely accepted value metric is the price-to-earnings ratio (P/E Ratio). Value investors believe that if a business is cheap compared to its intrinsic value, in this case as measured by its P/E ratio, the stock price may rise faster than others as the price comes back in line with the worth of the company. These are the marijuana stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio.

Best Value Marijuana Stocks
Price ($) Market Cap ($B) 12-Month Trailing P/E Ratio
Alcanna Inc. ( CLIQ.TO) CA$7.90 CA$0.3 21.4
NIC Inc. ( EGOV) 33.81 2.3 33.5
Innovative Industrial Properties Inc. ( IIPR) 172.84 4.1 53.7
Village Farms International Inc. ( VFF.TO) CA$15.96 CA$1.3 61.2
Trulieve Cannabis Corp. ( TRUL.CX) CA$60.21 CA$7.2 85.9
  • Alcanna Inc.: Alcanna is a Canada-based retailer of alcoholic beverages and cannabis. The company operates liquor stores that sell wines, beers, and spirts, and retail cannabis stores. Alcanna employs about 1,800 people and operates 250 liquor and cannabis retail outlets.
  • NIC Inc.: NIC offers services to help governments use the Internet to provide services to citizens and businesses. The company is the nation’s largest provider of digital government services, sites, and secure payment processing. NIC also offers a platform for government licensing and regulation of the cannabis industry. The company serves more than 7,000 federal, state, and local government agencies throughout the U.S. NIC announced on February 10 that it has agreed to be acquired by Tyler Technologies Inc. (TYL) in an all-cash transaction valued at approximately $2.3 billion. Tyler Technologies is a provider of integrated software and technology services to local, state, and federal government entities. The transaction is expected to close in the second quarter of 2021.
  • Innovative Industrial Properties Inc.: Innovative Industrial Properties is a real estate investment trust (REIT) that engages in the acquisition, disposition, development, and management of industrial facilities leased to tenants in the medical cannabis industry. The company’s portfolio consists of specialized industrial and greenhouse buildings leased to state-licensed medical-use cannabis cultivators across the U.S.
  • Village Farms International Inc.: Village Farms International is a Canada-based agricultural producer. In addition to growing vegetables like tomatoes, bell peppers, and cucumbers, the company also produces cannabis. The company distributes fresh produce from over nine million square feet of Controlled Environment Agriculture (CEA) greenhouses in Canada and the U.S., as well as from partner greenhouses in Canada and Mexico.
  • Trulieve Cannabis Corp.: Trulieve Cannabis is a holding company that, through its subsidiaries, engages in the cultivation, possession, sale, and distribution of medical cannabis. Its products are designed to alleviate seizures, muscle spasms, pain, nausea, loss of appetite, and other symptoms associated with serious medical conditions such as cancer. The company operates 83 stores across the U.S., 78 of which are located in Florida, where it serves more than 450,000 patients. Trulieve recently announced that is has agreed to acquire Mountaineer Holding LLC, providing Trulieve with an additional cultivation permit and two additional dispensary permits. Trulieve agreed to acquire Mountaineer for an upfront payment of $6 million. The transaction is expected to close during the second quarter of 2021.

Fastest Growing Marijuana Stocks

These are the top marijuana stocks as ranked by a growth model that scores companies based on a 50/50 weighting of their most recent quarterly year-over-year (YOY) percentage revenue growth and their most recent quarterly YOY earnings-per-share (EPS) growth. Both sales and earnings are critical factors in the success of a company. Therefore ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quarter (such as changes in tax law or restructuring costs) that may make one or the other figure unrepresentative of the business in general. Companies with quarterly EPS or revenue growth of over 2,500% were excluded as outliers.

Fastest Growing Marijuana Stocks
Price ($) Market Cap ($B) EPS Growth (%) Revenue Growth (%)
Cara Therapeutics Inc. ( CARA) 19.44 1.0 N/A 2,380
GrowGeneration Corp. ( GRWG) 45.81 2.5 100.0 152.6
NIC Inc. (EGOV) 33.81 2.3 73.3% 62.1
Jushi Holdings Inc. ( JUSH.CX) CA$8.23 CA$0.9 N/A 600.0
Cresco Labs Inc. ( CL.CX) CA$16.46 CA$3.6 N/A 314.9
  • Cara Therapeutics Inc.: Cara Therapeutics is a clinical-stage biopharmaceutical company focused on developing therapies primarily for the treatment of pruritus, a skin condition causing severe itchiness. The company owns several patents, one of which has claims to certain cannabinoid compounds. Cara Therapeutics has a number of drugs under development that are in various stages of clinical trials. The company’s EPS growth is not recorded in the table above because its earnings changed from negative in Q4 2019 to positive in Q4 2020, its most recent reported quarter and which ended December 31, 2020.
  • GrowGeneration Corp.: GrowGeneration is a distributor of agricultural products. The company operates retail hydroponic and organic specialty gardening retail outlets. It offers thousands of products, including plant nutrition, farming soils, advanced lighting technology, hydroponic and aquaponic equipment, and more. As one of the largest hydroponics suppliers in the country it owns and operates 52 retail and distribution centers. GrowGeneration recently announced the appointment of Jeffrey Lasher to the role of chief financial officer (CFO), effective April 15, 2021. Mr. Lasher has previously served as CFO at several other companies, including West Marine Inc. and Crocs Inc. (CROX).
  • NIC Inc.: See above for company description.
  • Jushi Holdings Inc.: Jushi Holdings is a holding company focused on building a portfolio of branded cannabis and hemp-based assets. The company is engaged in retail, distribution, cultivation, and processing operations. Its brands include: The Bank, focused on plant genetics and cultivation; The Lab, specializing in vape products and concentrates; Nira, maker of hemp-based CBD products that are physician formulated; Nira+, producer of medicinal THC products; Seche, offering various branded ground and flower cannabis products; and Tasteology, a provider of THC-infused products. Jushi’s EPS growth is not recorded in the table above because its earnings changed from positive in Q3 2019 to negative in Q3 2020, its most recent reported quarter and which ended September 30, 2020.
  • Cresco Labs Inc.: Cresco Labs is a consumer-packaged cannabis products company involved in growing, manufacturing, and distribution. The company operates in nine states, owns production facilities and dispensaries, and holds 29 retail licenses. Its brands include Cresco, Reserve, Remedi, Mindy’s, Good News, High Supply, Wonder Wellness Co., and FloraCal Farms. Cresco’s EPS growth is not recorded in the table above because its earnings changed from negative in Q3 2019 to positive in Q3 2020, its most recent reported quarter as of March 24, 2021 and which ended September 30, 2020. The company recently announced that it has agreed to acquire Cultivate Licensing LLC and BL Real Estate LLC (collectively known as Cultivate), a Massachusetts-based vertically integrated operator, for upfront consideration of $90 million and an earnout of up to $68 million. The transaction is expected to close in Q4 2021.

Marijuana Stocks with the Most Momentum

Momentum investing is a factor-based investing strategy in which you invest in a stock whose price has risen faster than the market as a whole. Momentum investors believe that stocks which have outperformed the market will often continue to do so, because the factors that caused them to outperform will not suddenly disappear. In addition, other investors, seeking to benefit from the stock’s outperformance, will often purchase the stock, further bidding its price higher and pushing the stock higher still. These are the stocks that had the highest total return over the last 12 months.

Marijuana Stocks with the Most Momentum
Price ($) Market Cap ($B) 12-Month Trailing Total Return (%)
GrowGeneration Corp. (GRWG) 45.81 2.5 1,180
Amyris Inc. ( AMRS) 18.76 5.0 772.6
Jushi Holdings Inc. (JUSH.CX) CA$8.23 CA$0.9 648.2
Aphria Inc. ( APHA) 17.45 5.5 546.3
TerrAscend Corp. ( TER.CX) CA$13.15 CA$2.3 517.4
Russell 1000 N/A N/A 66.1
ETFMG Alternative Harvest ETF (MJ) N/A N/A 122.1
  • GrowGeneration Corp.: See above for company description.
  • Amyris Inc.: Amyris produces and distributes products that serve markets for specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals. The company is also working on developing and producing cannabinoid products. Amyris announced in the second half of February positive pre-clinical results for its RNA COVID-19 vaccine platform. The company announced in October 2020 that it had entered into a collaboration agreement and exclusive license with the Infectious Disease Research Institute to advance a novel RNA vaccine platform and develop a COVID-19 vaccine.
  • Jushi Holdings Inc.: See above for company description.
  • Aphria Inc.: Aphria is a Canada-based licensed producer of medical cannabis products. Its medical cannabis is 100% greenhouse grown, allowing its plants to benefit from natural sunlight. The company’s products include oils, softgels, oral sprays, and cartridges. Aphria has scheduled a special meeting of shareholders on April 14, 2021 to approve a previously announced business combination with Tilray. Tilray is scheduled to hold its own special meeting of stockholders on April 16, 2021 to approve the merger. The agreement to combine the two companies was announced in December. The combined company would operate under the Tilray name and would be worth approximately $3.9 billion, based on the companies’ share prices on December 15, 2020. The merger agreement is expected to close during the second quarter of 2021.
  • TerrAscend Corp.: TerrAscend is a Canada-based integrated cannabis company offering a range of products, brands, and services for the global medical- and adult-use cannabis markets. Its portfolio of businesses include: The Apothecarium, a cannabis dispensary; Arise Bioscience Inc., a manufacturer and distributor of hemp-derived products; Ilera Healthcare, a medical marijuana cultivator, processor, and dispenser; Valhalla Confections, a manufacturer of cannabis-infused edibles; and more. TerrAscend recently announced that Jason Ackerman was stepping down from his roles as chief executive officer (CEO) and executive chairman, effective March 23, 2021. Jason Wild, the company’s chairman, assumed the executive chairman position. Wild said that differences over management style and culture led the board to decide to part ways with Ackerman. TerrAscend is looking for a new CEO.

The comments, opinions and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. While we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described on our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy.

These are the marijuana stocks with the best value, fastest growth, and most momentum for April 2021.

Best CBD Oil Stocks

Sugarmade (OTC: SGMD)

Sugarmade Inc. is a premier cannabis producer in the U.S. It operates business through 3 segments — paper and paper-based products, non-medical supplies and cannabis products delivery service and sales. Through its brand Budcars, Sugarmade sells more than 260 cannabis products.

The stock has a 52 week low of $.001 and a 52 week high of $.02, with a market cap of $12.114 million. Sugarmade is highly liquid, trading an average of 97 million shares daily with 2020 revenues of $5.33 million.

Aphria (NASDAQ: APHA)

Through an unrelenting commitment to the people, planet and product, Aphria produces high-quality cannabis in natural growing conditions. It owns and operates 2 medical brands including Aphria and Broken Coast, along with 3 adult-use brands such as Solei, Riff and Good Supply.

The CBD oil stock has a market cap of $1.1 billion and has high liquidity with an average daily trade volume of 3.4 million shares. It has an EPS of $0.09 and a P/E ratio of 49.33. Aphria generated total revenue of $174 million in 2019, making it one of the best stocks under $5 to invest in.

An institutional investor has made a strategic investment of CAD 100 million in Aphria. The investor has agreed to purchase 14,044,944 units of the company at a price of CAD $7.12 per share. Aphria also increased its net cannabis revenue by 65% compared to the last quarter of 2020.

Village Farms Intl (NASDAQ: VFF)

As one of the largest and longest-operating greenhouse growers in North America, Village Farms International produces and distributes premium cannabis to national growers in the U.S. and Canada.

The cannabis stock has a market cap of $288 million and trades over 1 million shares per day. It has an EPS of $0.04 and a P/E ratio of 128. Village Farms International generated total revenue of $144 million in 2019, making it one of the best stocks under $10.

Village Farm International recently reported its revenue in Q1 2020 and declared that it has had a profitable business for the 5th consecutive quarter. The cannabis company has also announced that it has expanded its credit facility with its existing lender by $59 million.

GrowGeneration (NASDAQ: GRWG)

GrowGeneration Corp. is a premier supplier of cannabis and cannabis-growing equipment. These products include organic nutrients, drip systems, water pumps, air pumps, LED lights and commercial light systems. It is the largest hydroponic supplier in the U.S., with 31 retail and distribution centers.

The cannabis stock has a market cap of $849 million and has an EPS of $0.02. It has an annual dividend yield of $0.02 per share. GrowGeneration has high liquidity and trades more than 1.7 million shares per day. It generated revenue of $79 million in 2019.

Neptune Wellness Solns (NASDAQ: NEPT)

Neptune Wellness Solutions Inc. is an integrated health and wellness company. It crafts high-quality hemp extracts such as essential oils, edibles, tinctures and sprays. The supply chain capabilities of Neptune Wellness Solutions provide end-to-end customer solutions. The company designs its products using the finest ingredients sourced from verified suppliers.

The marijuana stock has a market cap of $206 million. It has high liquidity and trades over 948,000 shares per day. Neptune Wellness Solutions generated revenue of $24 million in 2019.

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CBD Oil Stock Movers of the Day

Stay up to date with the latest price movements of CBD oil stocks on the market today. You can also review these premarket movers to help you trade stocks before trading sessions open.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

Premarket CBD Oil Stocks
  • Gainers
  • Losers
Symbol Last Price Change % Change Trade
Symbol Last Price Change % Change Trade
CWEB 56.6299 -4.75 -7.74% Trade
VFF 12.44 -0.96 -7.17% Trade
TLRY 19.7708 -1.369 -6.48% Trade
ACB 8.425 -0.555 -6.19% Trade
NBEV 2.655 -0.135 -4.84% Trade
OGI 3.147 -0.153 -4.64% Trade
CRON 8.72 -0.41 -4.5% Trade
CGC 29.91 -0.99 -3.21% Trade
CRBP 1.81 -0.06 -3.21% Trade
ZYNE 4.35 -0.13 -2.91% Trade
Market CBD Oil Stocks
  • Gainers
  • Losers
Symbol Last Price Change % Change Trade
TAP 53.198 0.788 1.5% Trade
CRBP 1.88 0.01 0.53% Trade
HEXO 6.31 0.03 0.47% Trade
ABBV 105.64 0.26 0.24% Trade
ACB 9 0.02 0.22% Trade
Symbol Last Price Change % Change Trade
CWEB 58.4 -2.98 -4.86% Trade
VFF 13.2 -0.2 -1.5% Trade
TLRY 20.94 -0.2 -0.95% Trade
NBEV 2.7705 -0.019 -0.7% Trade
OGI 3.28 -0.02 -0.61% Trade
CGC 30.8 -0.1 -0.33% Trade
MO 51.3 -0.08 -0.16% Trade
MJ 22.45 -0.01 -0.05% Trade
After Hours CBD Oil Stocks
  • Gainers
  • Losers
Symbol Last Price Change % Change Trade
ZYNE 4.39 0.04 0.91% Trade
ACB 8.48 0.07 0.83% Trade
CARA 26.739 0.209 0.78% Trade
VFF 12.45 0.05 0.4% Trade
OGI 3.17 0.01 0.31% Trade
CGC 30.02 0.08 0.26% Trade
ABBV 105.23 0.11 0.1% Trade
TLRY 19.78 0.02 0.1% Trade
HEXO 6.18 0.005 0.08% Trade
SMG 247.85 0.15 0.06% Trade
Symbol Last Price Change % Change Trade
CRBP 1.81 -0.02 -1.1% Trade
NBEV 2.65 -0.02 -0.75% Trade

Chetan Shekar
Contributor, Benzinga

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After the legalization of marijuana in the U.S., many companies are actively engaged in the research, development and distribution of cannabis. Cannabidiol (CBD) is the non-psychoactive substance present within cannabis and its products such as CBD oil has had a major impact on the health and wellness industry.

Take a look at these CBD oil stocks that are generating millions of dollars in revenue this year.

  • Overview: CBD Oil Stocks
  • Best Online Brokers for CBD Oil Stock
  • Features to Look for in CBD Oil Stock
  • Don’t Panic, It’s Organic

Overview: CBD Oil Stocks

Since ancient times, cannabis has been used as a form of medicine and as a means to induce euphoria. Indian sages have also mentioned the medicinal use of marijuana in Vedic hymns of antiquity.

However, President Richard Nixon banned the cultivation and sale of marijuana in the U.S. as part of his “war on drugs” campaign in 1970. It wasn’t until the Compassionate Use Act of 1996 was passed that California became the first state to legalize marijuana to treat people with severe or chronic diseases. As of 2020, 33 states in the U.S. have legalized the medical use of marijuana and 11 states have legalized the recreational use of marijuana.

According to a recent report by the New Frontier Data, the legal sale of cannabis could reach $30 billion by 2025. Due to such high potential to earn profits, alcohol companies have started to invest big in CBD oil companies.

Constellation Brands Inc. (NYSE: STZ) has invested close to $4 billion in Canopy Growth Corp. (NYSE: CGC). Molson Coors (NYSE: TAP) invested $1.8 billion in Hexo (TSX: HEXO). Budweiser (NYSE: BUD) entered a joint venture to develop non-alcoholic CBD drinks with Tilray Inc. (NASDAQ: TLRY).

You can still catch up with the market trend and gain some good earnings by investing in CBD oil stocks today.

Best Online Brokers for CBD Oil Stock

Online brokers let you browse and trade thousands of stocks listed on major stock exchanges. These platforms are bundled with tons of educational resources and tools to let you manage your stock portfolio on the go. Many of these online brokers also allow you to trade stocks commission-free.

Benzinga has handpicked these online brokers to get you started.

The rampant growth of the cannabis industry has sparked investor interest in CBD oil stocks. Consider investing in these stocks to grow your portfolio organically.