Cannabis Stocks To Consider – June 6th

Indivior, Canopy Growth, Cronos Group, Tilray, and Turning Point Brands are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies operating in the legal marijuana industry. These firms may be involved in growing and processing cannabis, developing cannabinoid-based medicines, or supplying ancillary products and services such as cultivation equipment and compliance software. Investing in cannabis stocks offers exposure to the sector’s growth potential and evolving regulatory landscape. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

Shares of INDV traded up $0.26 during trading hours on Friday, hitting $13.85. 631,751 shares of the company were exchanged, compared to its average volume of 1,068,019. The company has a market cap of $1.91 billion, a PE ratio of -39.33 and a beta of 0.66. The firm’s 50 day moving average is $10.77 and its 200-day moving average is $10.84. Indivior has a 52 week low of $7.33 and a 52 week high of $17.09.

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.

Shares of CGC stock traded up $0.24 during mid-day trading on Friday, reaching $1.61. The stock had a trading volume of 4,662,321 shares, compared to its average volume of 5,914,052. The firm’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.96. The company has a quick ratio of 2.58, a current ratio of 3.52 and a debt-to-equity ratio of 0.74. Canopy Growth has a one year low of $0.77 and a one year high of $8.65. The firm has a market cap of $295.10 million, a PE ratio of -0.42 and a beta of 0.79.

Cronos Group (CRON)

Cronos Group Inc. operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.

Shares of CRON stock traded up $0.07 during mid-day trading on Friday, reaching $1.98. The stock had a trading volume of 2,475,333 shares, compared to its average volume of 1,323,143. The firm’s 50 day simple moving average is $1.88 and its 200 day simple moving average is $1.93. Cronos Group has a one year low of $1.60 and a one year high of $2.57. The firm has a market cap of $761.20 million, a PE ratio of -15.19, a P/E/G ratio of 1.74 and a beta of 1.06.

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.

TLRY traded up $0.01 during trading on Friday, hitting $0.40. The company’s stock had a trading volume of 12,045,071 shares, compared to its average volume of 28,735,151. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $403.60 million, a price-to-earnings ratio of -1.34 and a beta of 1.95. The firm’s 50 day moving average price is $0.47 and its two-hundred day moving average price is $0.86. Tilray has a 12 month low of $0.37 and a 12 month high of $2.15.

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 TPB stock traded up $0.75 during trading hours on Friday, hitting $75.47. 34,308 shares of the company’s stock were exchanged, compared to its average volume of 173,945. The stock’s 50-day moving average is $65.22 and its 200-day moving average is $62.87. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 29.94 and a beta of 0.69. Turning Point Brands has a 52 week low of $30.61 and a 52 week high of $81.05.