The lesser-known Canadian marijuana stocks we’ve discovered have averaged 168% year-to-date returns on higher price and volume momentum
SmallCapPower | April 8, 2019: Today we’ve dug up four Canadian marijuana stocks that may have been overlooked due to their low stock prices. Yet, these four cannabis stocks have outperformed the market by a wide margin on average, gaining 168% YTD on higher price and volume momentum. Price and volume momentum indicate bullishness, as increased share prices on higher volumes show heightened investor interest in a stock.
*Share prices as at close April 4, 2019, data obtained from S&P Capital IQ
Harvest One Cannabis Inc. (TSXV:HVT) – $0.97
Harvest One Cannabis is a Canada-based company that has exposure to the front and back end of the cannabis value chain through owning three subsidiaries and holding minority interest in one: United Greeneries, a licensed producer; consumer; and minority interest in Burb Cannabis, retail operations. On April 1, 2019, HVT acquired a 52% interest in Greenbelt Greenhouse Ltd. (Greenbelt), which ensures HVT an additional 152,000 sq. ft. This acquisition secures a location for extraction capabilities for its infused products and will increase annual production capacity to 15,000 kg.
- Market Cap: $180.1 Million
- YTD Return: 126%
- 30-Day Average Volume: 1,473,000
- 90-Day Average Volume: 909,000
Heritage Cannabis Holdings Corp. (CSE:CANN) – $0.64
Heritage Cannabis Holdings is a vertically-integrated cannabis provider with two production licenses. The Company operates four subsidiaries, which include PhyeinMed Inc., CannaCure, Puerefarma Solutions, and BriteLife Sciences. PhyeinMed Inc. and CannaCure are both regulated through the Cannabis Act Regulations. Puerefarma Solutions provides extraction services and BriteLife Sciences is focused on cannabis-based medical solutions. Heritage will begin Phase 2 expansion, which is expected to provide an additional 30,000 sq. ft for additional extraction and other processing capacity within the facility. On April 1, 2019, CannaCure Corporation, a subsidiary of Heritage, received its processing and sales license.
- Market Cap: $272.0 Million
- YTD Return: 276%
- 30-Day Average Volume: 3,473,000
- 90-Day Average Volume: 3,170,000
National Access Cannabis Corp. (TSXV:META) – $0.98
National Access Cannabis owns and operates legal cannabis through a wide network of medical cannabis clinics and partner pharmacies throughout Canada. META offers educational services and as well as medical cannabis treatments for patients through physicians and health professionals. As of January 28, 2019, META operated 23 cannabis retail stores. According to management this makes META the largest private retailer in Canada. Since the beginning of legalization on October 17, 2018, the Company has reached over $20M in retail sales, with a cumulative gross margin of over 30%.
- Market Cap: $182.0 Million
- YTD Return: 66%
- 30-Day Average Volume: 935,000
- 90-Day Average Volume: 572,000
SugarBud Craft Growers Corp. (TSXV:SUGR) – $0.24
SugarBud Craft Growers is a Canada-based cannabis company that focuses on growing handcrafted, select batch, ultra-premium bud. The Company is engaged in the development, acquisition, production, and distribution of cannabis. On January 31, the Company entered into a strategic relationship with Phylos Bioscience Inc. to work on the characterization of SugarBud’s future strains.
- Market Cap: $83.5 Million
- YTD Return: 200%
- 30-Day Average Volume: 4,469,000
- 90-Day Average Volume: 2,184,000
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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