Promising Cannabis Stocks To Watch Today – March 3rd

Indivior, Tilray, and Innovative Industrial Properties are the three Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of companies that are involved in the production, distribution, cultivation, or ancillary services related to cannabis. These stocks offer investors exposure to the cannabis industry, which is subject to evolving regulatory frameworks, rapid market growth, and unique operational challenges. 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 Indivior stock traded up $0.65 on Monday, reaching $9.89. The stock had a trading volume of 1,369,216 shares, compared to its average volume of 549,428. The company has a 50 day moving average price of $11.14 and a 200 day moving average price of $10.67. The stock has a market capitalization of $1.36 billion, a P/E ratio of -28.22 and a beta of 0.73. Indivior has a 1 year low of $7.33 and a 1 year high of $22.53.

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.

NASDAQ TLRY traded down $0.02 on Monday, hitting $0.72. 14,273,830 shares of the company’s stock traded hands, compared to its average volume of 45,845,664. The company has a current ratio of 2.54, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10. Tilray has a 1-year low of $0.71 and a 1-year high of $2.97. The firm’s 50-day moving average price is $1.13 and its two-hundred day moving average price is $1.42. The firm has a market capitalization of $673.24 million, a PE ratio of -2.39 and a beta of 2.07.

Innovative Industrial Properties (IIPR)

NYSE IIPR traded down $0.90 on Monday, hitting $71.05. The company had a trading volume of 108,569 shares, compared to its average volume of 287,973. The company has a market capitalization of $2.01 billion, a PE ratio of 12.85 and a beta of 1.40. The company’s fifty day moving average price is $70.05 and its 200-day moving average price is $102.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53. Innovative Industrial Properties has a 12-month low of $62.45 and a 12-month high of $138.35.