Promising Cannabis Stocks To Follow Now – July 12th

Tilray Brands, Indivior, and Canopy Growth are the three Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies involved in the cultivation, processing, distribution or retail sale of cannabis and cannabis-derived products. Because marijuana’s legal status varies by jurisdiction and remains subject to regulatory change, these stocks often exhibit higher volatility and regulatory risk than many other sectors. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Tilray Brands (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.

NASDAQ:TLRY traded down $0.06 during trading on Friday, reaching $0.58. The company’s stock had a trading volume of 35,228,212 shares, compared to its average volume of 31,051,401. The firm has a market cap of $584.27 million, a price-to-earnings ratio of -0.55 and a beta of 1.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 2.62. The firm has a 50 day moving average of $0.45 and a 200-day moving average of $0.71. Tilray Brands has a 12 month low of $0.35 and a 12 month high of $2.15.

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.

NASDAQ:INDV traded up $0.10 during trading on Friday, reaching $15.47. The company’s stock had a trading volume of 1,027,372 shares, compared to its average volume of 1,228,329. The firm has a 50 day moving average of $13.16 and a 200-day moving average of $11.39. Indivior has a 12 month low of $7.33 and a 12 month high of $15.88.

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.

NASDAQ:CGC traded down $0.06 during trading on Friday, reaching $1.13. The company’s stock had a trading volume of 12,951,807 shares, compared to its average volume of 6,561,189. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.10 and a current ratio of 3.12. The firm has a market cap of $207.77 million, a price-to-earnings ratio of -0.28 and a beta of 0.73. Canopy Growth has a 12 month low of $0.77 and a 12 month high of $8.65. The firm has a 50 day moving average of $1.41 and a 200-day moving average of $1.57.