The Canadian marijuana stocks we’ve identified today have seen consistent stock-price growth year to date while offering limited volatility to investors
SmallCapPower | September 13, 2018: Today we have weeded five Canadian marijuana stocks with strong stock charts since the beginning of the year. A strong stock chart is represented by consistent growth in share price, while limiting the prevalence of significant share-price decrease or fluctuations. On average, the stocks on our list have yielded returns of 122% YTD. For investors, these stocks have a history of significant upside while having lower volatility that could continue in the future.
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Ascent Industries Corp. (CSE:ASNT) – $0.85
Cannabis
Ascent Industries is a Canadian cannabis company focused on producing and distributing cannabis products to Canada, Oregon, and Nevada. The Company currently has three production facilities in British Columbia: Agrima Botanicals, Agrima Labs, and Agrima Meadows. In August, the Company announced that its flagship indoor cultivation facility reached full capacity with average production of 1.5kg per 1000-watt light. On September 7, 2018, Ascent announced that it had reached a supply agreement with the Ontario Cannabis Retail Corporation to supply branded cannabis products to the Ontario recreational market.
- Market Cap: $265.4 Million
- YTD Total Return: 80%
- Average Daily Volume – 30 Days: 1,340,508
- Average Daily Volume – 100 Days: 402,152
HEXO Corp. (TSX:HEXO) – $8.45
Cannabis
HEXO is a Canadian cannabis producer, operating a 50,000 sq. ft. grow facility in Quebec. The Company differentiates itself through its commitment to natural growth techniques and a focus on customer service. Current operations produce 3,600 kg of cannabis per year. The Company is the only licensed producer of the Decarb product line, a powder medical marijuana that offers consumers a safe and easy way to consume cannabis. On September 10, 2018, HEXO acquired interests in a 2M sq. ft. facility in Belleville, Ontario as part of the Company’s national expansion strategy. The facility will be used as an R&D and manufacturing centre.
- Market Cap: $1,675.4 Million
- YTD Total Return: 89%
- Average Daily Volume – 30 Days: 4,631,647
- Average Daily Volume – 100 Days: 2,610,803
iAnthus Capital Holdings Inc. (CSE:IAN) – $9.10
Cannabis
iAnthus Capital Holdings is a cannabis-focused company operating ~275,000 sq. ft. of cultivation and 39 dispensaries across six U.S. states. The Company’s primary asset, GrowHealthy, operates a 200,000 sq. ft. facility and 30 dispensaries in Florida, out of 13 state cultivation licenses and 35 open dispensaries. On August 15, 2018, the Company announced a US$8.1M investment to expand the Company’s Lake Wales facility. The expansion will increase capacity to 11,689 sq. ft. and includes a 500 sq. ft. mock dispensary used for staff training.
- Market Cap: $466.4 Million
- YTD Total Return: 264%
- Average Daily Volume – 30 Days: 304,670
- Average Daily Volume – 100 Days: 250,001
Chemesis International Inc. (CSE:CSI) – $1.05
Cannabis
Chemesis International is a licensed producer of medical and recreational cannabis in California and Puerto Rico. The Company operates a 20,000 sq. ft. manufacturing facility in Cathedral City, California with an estimated capacity of 30,000 lbs per year. Natural Ventures, the Company’s subsidiary in Puerto Rico, holds strategic partnerships with major brands including California Sap and Julian Marley’s Juju Royal.
- Market Cap: $31.7 Million
- YTD Total Return: 72%
- Average Daily Volume – 30 Days: 311,896
- Average Daily Volume – 100 Days: 126,192
Choom Holdings Inc. (CSE:CHOO) – $1.23
Cannabis
Choom is committed to growing high-grade, handcrafted, strains for the recreational consumer that retains the quality and brand image of 1970s Hawaii. The Company currently has 4 ACMPR licenses in late-stage review, with 2 acquired and 2 under review. As of August 2018, Choom has approximately 37,300 sq. ft. of greenhouse space with capacity to produce 3,700 kgs of cannabis annually. Construction is underway to increase the production platform to 700,000 sq. ft. with a capacity of 7,000 kgs by 2021.
- Market Cap: $218.2 Million
- YTD Total Return: 108%
- Average Daily Volume – 30 Days: 728,033
- Average Daily Volume – 100 Days: 1,012,951
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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