Best Cannabis Stocks To Add to Your Watchlist – February 01st

Tilray, Gibraltar Industries, Innovative Industrial Properties, Turning Point Brands, and Canopy Growth are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks refer to publicly traded companies involved in the production, distribution, and sale of cannabis products, including medical cannabis, recreational cannabis, and ancillary products and services related to the cannabis industry. Investing in cannabis stocks offers the opportunity to participate in the growth of the rapidly expanding legal cannabis market. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Tilray (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

Shares of TLRY traded down $0.08 during mid-day trading on Friday, hitting $1.05. The company’s stock had a trading volume of 38,103,466 shares, compared to its average volume of 39,208,952. Tilray has a one year low of $1.03 and a one year high of $2.97. The stock’s 50-day moving average is $1.27 and its two-hundred day moving average is $1.56. The firm has a market capitalization of $984.54 million, a PE ratio of -3.50 and a beta of 2.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 2.54.

Gibraltar Industries (ROCK)

Gibraltar Industries, Inc. manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.

Gibraltar Industries stock traded down $1.05 during mid-day trading on Friday, reaching $61.37. The company had a trading volume of 479,165 shares, compared to its average volume of 153,300. The company has a 50 day moving average of $63.79 and a 200-day moving average of $67.59. Gibraltar Industries has a 52 week low of $55.31 and a 52 week high of $87.40. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 17.05 and a beta of 1.19.

Innovative Industrial Properties (IIPR)

Shares of NYSE IIPR traded down $1.39 during mid-day trading on Friday, hitting $71.67. The company had a trading volume of 405,217 shares, compared to its average volume of 260,005. Innovative Industrial Properties has a 12 month low of $62.45 and a 12 month high of $138.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 11.53 and a quick ratio of 11.53. The firm has a market cap of $2.03 billion, a P/E ratio of 12.75 and a beta of 1.39. The business’s 50-day simple moving average is $82.42 and its 200-day simple moving average is $109.27.

Turning Point Brands (TPB)

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.

Shares of NYSE:TPB traded up $0.73 during trading on Friday, hitting $63.73. 285,005 shares of the stock were exchanged, compared to its average volume of 166,024. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 25.29 and a beta of 0.66. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21. Turning Point Brands has a 1-year low of $21.98 and a 1-year high of $66.18. The company’s fifty day simple moving average is $59.73 and its 200-day simple moving average is $48.71.

Canopy Growth (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.

CGC stock traded down $0.11 during midday trading on Friday, hitting $1.99. The stock had a trading volume of 5,235,077 shares, compared to its average volume of 5,026,409. Canopy Growth has a 52 week low of $1.96 and a 52 week high of $14.92. The firm has a market capitalization of $259.56 million, a price-to-earnings ratio of -0.40 and a beta of 0.87. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The stock has a 50-day simple moving average of $2.87 and a 200 day simple moving average of $4.47.