The Canadian marijuana stocks on our list have recorded the biggest daily trading volume increases over the past three months
SmallCapPower | May 6, 2019: Today we have weeded out four Canadian marijuana stocks that have registered the biggest daily trading volume increases over the past three months. The selected cannabis stocks have a market capitalization in the range of $900 million to $8 billion.
*Market caps based on the closing price on May 01, 2019.
HEXO Corp. (TSX:HEXO) – $10.52
HEXO is a consumer packaged goods cannabis company that manufactures and distributes products in the Canadian market. The Company is one of the largest licensed cannabis companies in Canada. HEXO Corp operates 1.8 million sq. ft. of facilities in Ontario and Quebec and has a foothold in Greece to establish a Eurozone processing, production and distribution centre. The Company operates two brands: HEXO brand and the Hydropothecary brand. HEXO brand is targeted towards adult-use cannabis market and Hydropothecary towards medical cannabis users. On April 24, 2019, HEXO entered into irrevocable hard voting support agreements with shareholders of Newstrike Brands Ltd. representing ~38.3% of Newstrike’s issued and outstanding common shares in connection with definitive arrangement agreement under which HEXO will acquire all of Newstrike’s issued and outstanding common shares in an all-stock transaction.
- Average three month trading volume: 3.43 million
- Market Cap: $2.2 Billion
Cronos Group Inc. (TSX:CRON) – $22.91
Cronos Group is a globally-diversified and vertically-integrated cannabis company with a presence in five continents. The Company operates two wholly-owned Canadian licensed producers: Peace Naturals Project Inc. and Original BC Ltd. Peace Naturals is a global health and wellness platform while Original BC is a recreational adult-use Canadian licensed producer based in Okanagan Valley, BC, which owns brands such as Cove and Spinach. Cronos Group intends to continue to rapidly expand its global footprint as it focuses on building an international iconic brand portfolio and developing disruptive intellectual property. On March 26, 2019, Cronos Group reported its FY 2018 financial results. The Company’s net revenue surged 285% YoY to $15.7 million and gross profit before fair value adjustments came in at $8.0 million, up 294% YoY. Cronos Group reported a net loss of $19.2 million compared to net profit of $2.5 million in FY 2017.
- Average three month trading volume: 2.4 million
- Market Cap: $7.5 Billion
CannTrust Holdings Inc. (TSX:TRST) – $8.67
CannTrust is a federally-regulated licensed producer & distributor of medical and recreational cannabis. With over 40+ years of experience in pharmacy and healthcare, CannTrust’s primary focus is to produce and deliver the highest quality, standardized, pharmaceutical-grade cannabis products in Canada and globally. The Company has an exclusive joint venture with Apotex Inc., Canada’s largest and the seventh largest generic pharmaceutical manufacturer in the world, to develop novel dosage formats and products for sale, when permitted, into more than 85 countries.
- Average three month trading volume: 2.1 million
- Market Cap: $915.9 Million
Green Organic Dutchman Holdings Ltd. (TSX: TGOD) – $4.47
The Green Organic Dutchman Holdings is a premium global organic cannabis company, with operations focused on the medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use recreational market. TGOD also has organic hemp CBD oil operations in Canada, and, through its wholly-owned subsidiary HemPoland, distributes premium hemp CBD oil in the EU. On May 1, 2019, TGOD, in conjunction with Epican Medicinals, announced the opening of its second legal cannabis retail store in Jamaica, which is located on Montego Bay’s “Hip Strip.” Further on April 30, 2019, the Company’s Kelowna-based extraction processing services provider, Valens GroWorks Corp., obtained its organic certification from Pro-Cert Organic Systems Ltd.
- Average three month trading volume: 4.3 million
- Market Cap: $1.23 Billion
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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