Today we have weeded out four Canada-listed marijuana stocks with returns as high as 260% during the past three months
SmallCapPower | October 12, 2018: Today, we have identified four Canada-listed marijuana stocks that have made significant gains in the past three months, with an average total return of 132%. For reference, Canopy Growth Corp (TSX:WEED) climbed 64% in the same period. The companies on our list have a market capitalization below $200M while achieving average daily volume greater than 50k.
International Cannabrands (CSE:JUJU) – $0.22
International Cannabrands is a cannabis company that produces and licenses cannabis branded products to producers and processors. Cannabrands holds the exclusive license to the JuJu Royal Ultra-Premium Cannabis brand. JuJu Royal was created and inspired by Julian Marley, son of famous reggae musician Bob Marley. On October 11, 2018, the Company announced that it had entered into an agreement with Desert Zen Fulfillment LLC to distribute the JuJu Royal brand in Southern California. Additionally, the Company announced plans to raise $5M in a financing agreement co-led by Gravitas Securities Inc and Canaccord Genuity Corp.
- Market Cap: $34.6 Million
- 3-Month Total Return: 266.7%
- 1-Year Total Return: 57.1%
- Average Daily Volume (3 Month Average): 256k
Planet 13 Holdings Inc. (CSE:PLTH) – $2.63
Planet 13 Holdings operates cannabis cultivation facilities and dispensaries across Nevada. The Company has a total cultivation capacity of 2,100 lbs/year from its two cultivation facilities in Las Vegas and Beatty, Nevada. Planet 13 is set to launch its largest dispensary, the Planet 13 Superstore, in November located adjacent to the Las Vegas strip. The dispensary is projected to serve over 2,000 customers daily and will cover more than 40,000 square feet. The Company reported US$1M in EBITDA for the first half of 2018.
- Market Cap: $163.1 Million
- 3-Month Total Return: 202.3%
- 1-Year Total Return: 163.0%
- Average Daily Volume (3 Month Average): 92k
LGC Capital Ltd. (TSXV:LG) – $0.18
LGC Capital focuses on investing in emerging cannabis companies as it seeks to capitalize on the global cannabis market. Currently, the Company has made significant investments in cultivation companies with Tricho-Med Corporation in Canada and Little Green Pharma in Australia. Other active pursuits involve opportunities in Italy and Jamaica. On October 5, 2018, LGC Capital announced that Little Green Pharma had completed its second successful cannabis harvest in its facility near Perth, Australia.
- Market Cap: $66.6 Million
- 3-Month Total Return: 37.0%
- 1-Year Total Return: 8.8%
- Average Daily Volume (3 Month Average): 910k
Indiva Limited (TSXV:NDVA) – $0.75
Indiva operates in cannabis production and oil extraction from its London, Ontario production facility. The facility is 40,000 sq. ft. but current production is limited to an 8,000 sq. ft. segment. Annual production capacity is currently estimated at 2,500-3000 kg per year but will increase once the remaining 30,000 sq. ft. retrofit of the facility is complete. The Company has plans to open 10 cannabis dispensaries in 2019, targeting high-density, high-traffic locations within Ontario including Toronto, Ottawa and London.
- Market Cap: $62.3 Million
- 3-Month Total Return: 23.0%
- 1-Year Total Return: -40.0%
- Average Daily Volume (3 Month Average): 101k
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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