Promising Cannabis Stocks To Consider – January 31st

Tilray, Innovative Industrial Properties, Canopy Growth, Indivior, Gibraltar Industries, Turning Point Brands, and High Tide are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks refer to publicly-traded companies that are involved in the production, cultivation, distribution, or sale of cannabis or cannabis-related products. Investors buy shares in these companies in hopes of profiting from the growth of the legal cannabis industry. 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 $0.05 during trading on Friday, reaching $1.09. 13,608,171 shares of the company traded hands, compared to its average volume of 42,158,547. The stock has a 50-day simple moving average of $1.28 and a 200-day simple moving average of $1.56. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. Tilray has a twelve month low of $1.03 and a twelve month high of $2.97. The stock has a market cap of $1.02 billion, a PE ratio of -3.62 and a beta of 2.08.

Innovative Industrial Properties (IIPR)

Innovative Industrial Properties stock traded down $1.16 during trading on Friday, hitting $71.90. The company had a trading volume of 99,960 shares, compared to its average volume of 292,870. The company’s 50 day simple moving average is $83.13 and its 200-day simple moving average is $109.60. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 12.81 and a beta of 1.39. Innovative Industrial Properties has a 1-year low of $62.45 and a 1-year high of $138.35. The company has a current ratio of 11.53, a quick ratio of 11.53 and a debt-to-equity ratio of 0.15.

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 $0.08 on Friday, hitting $2.03. 1,666,253 shares of the stock were exchanged, compared to its average volume of 5,465,128. The company has a market cap of $264.12 million, a PE ratio of -0.41 and a beta of 0.87. The company has a 50-day moving average price of $2.91 and a 200-day moving average price of $4.51. Canopy Growth has a fifty-two week low of $1.99 and a fifty-two week high of $14.92. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.82.

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.

Indivior stock traded down $0.30 during midday trading on Friday, reaching $11.90. The company’s stock had a trading volume of 269,845 shares, compared to its average volume of 1,116,112. The company has a market cap of $1.64 billion, a P/E ratio of -297.43 and a beta of 0.74. The business has a 50-day simple moving average of $11.75 and a 200-day simple moving average of $11.02. Indivior has a fifty-two week low of $7.33 and a fifty-two week high of $23.22.

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.

Shares of NASDAQ ROCK remained flat at $62.42 during midday trading on Friday. The stock had a trading volume of 43,323 shares, compared to its average volume of 162,016. The firm has a fifty day simple moving average of $63.98 and a two-hundred day simple moving average of $67.68. The company has a market cap of $1.89 billion, a P/E ratio of 17.33 and a beta of 1.19. Gibraltar Industries has a 1-year low of $55.31 and a 1-year high of $87.40.

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.

TPB stock traded up $0.14 during midday trading on Friday, reaching $63.14. 33,462 shares of the company were exchanged, compared to its average volume of 180,335. The stock’s 50-day simple moving average is $59.68 and its 200 day simple moving average is $48.42. Turning Point Brands has a 1-year low of $21.98 and a 1-year high of $66.18. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 25.05 and a beta of 0.66.

High Tide (HITI)

High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.

NASDAQ:HITI traded up $0.09 during midday trading on Friday, hitting $2.81. 531,504 shares of the company were exchanged, compared to its average volume of 702,963. High Tide has a fifty-two week low of $1.57 and a fifty-two week high of $3.62. The company has a market capitalization of $227.01 million, a PE ratio of -94.17 and a beta of 0.48. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $3.11 and a 200 day simple moving average of $2.53.