The Cannabis ETF (THCX)
ARCA ARCA Primary 
Best Canadian Cannabis Stocks to Watch Right Now
As Memorial Day weekend approaches, investors are eyeing top Canadian marijuana stocks. These stocks have shown potential for significant growth. The global cannabis industry is expected to be worth over $73 billion by 2027, according to Grand View Research. Canada's leading cannabis companies, such as Canopy Growth and Aurora Cannabis, continue to dominate the market. They offer strong investment opportunities. Recently, news about U.S. legalization efforts has stirred the market. The SAFE Banking Act is gaining momentum in Congress, which could boost Canadian stocks with U.S. ties. This legislation aims to provide financial services to cannabis businesses.
Cannabis Stocks Under $2: Why Are These Small-Cap Shares Up While Broader Sector Is In The Red?
Four lesser-valued cannabis stocks showed positive performance on Monday, defying the broader sector's downtrend. These stocks—, , , and —present potential investment opportunities. Positive Performers Among Smaller Cannabis Stocks Medical Marijuana Inc. MJNA, priced at $0.0021, has total assets of $72.775 million but faces financial challenges, including a net income loss of $280.475 million and an EBITDA of -$268.242 million. MJNA maintains a gross profit margin of 79.95%. TILT Holdings TLLTF, trading at $0.035, has total assets of $231.188 million and reported revenue of $165.956 million over the last twelve months. However, with a net income loss of $62.384 million and an EBITDA of -$22.018 million, TILT's profitability is under pressure. Its gross profit margin stands at 9.54%. Trees Corp. CANN, at $0.1 per share, lists total assets of $23.247 million. Despite a negative tangible book value per share and a net income loss of $7.082 million, Trees Corp. maintains a gross profit margin of 25.76%. Trees recently reported its Q1 2024 results, revealing total revenue of $3.686 million and an operating loss of $477,348. Village Farms International VFF, priced at $1.278, holds total assets of $458.439 million with a current ratio of 2.076. With revenue of $299.024 million, VFF shows resilience despite a net income loss of $28.014 million. Their gross profit margin of 19.87% and a market cap of $138.914 million indicate a potential for recovery. Operational Efficiency Medical Marijuana Inc. demonstrates operational efficiency with a gross profit margin of 79.95%, indicating strong control over production costs despite its financial challenges. This margin suggests that MJNA could be managing effectively its cost of goods sold relative to its revenue. On the other hand, Trees Corp. maintains a gross profit margin of 25.76%, reflecting its ability to generate revenue from its operations. Despite reporting a net income loss of $7.082 million and an operating loss in its recent Q1 2024 results, both companies' operational metrics highlight their potential to sustain business activities and improve financial performance. Comparison To Larger Cannabis Companies When compared to larger cannabis companies, the valuation difference is significant. Curaleaf Holdings CURLF is priced at $5.18, down 8.64%, and AdvisorShares Pure US Cannabis ETF MSOS is at $9.08, down 5.47%. Canopy Growth CGC is at $10.48, down 3.46%, Trulieve Cannabis TCNNF at $11.73, down 6.01%, and Green Thumb Industries GTBIF at $12.59, down 4.08%. Only Aurora Cannabis ACB is up, priced at $7.51, up 1.76%. In contrast to these larger names, the smaller stocks in green today have shown modest gains: MJNA at 4.7619%, TLLTF at 1.4493%, CANN at 11.1111%, and VFF at 1.4286%. Investors may consider these lesser-valued stocks for their potential to navigate a volatile market. Each company's financial metrics and operational efficiencies could offer entry points for those looking to diversify within the cannabis sector.
Cannabis Merger Canceled: Nature's Miracle And Agrify Terminate Agreement Citing Unfavorable Market Conditions
Termination Agreements Executed With No Fees Both companies have executed termination agreements with mutual releases, canceling all prior agreements without any termination or cancellation fees. This also includes the cessation of Nature’s Miracle’s acquisition of Agrify’s outstanding debt. Get your tickets now this link , chairman and CEO of Nature’s Miracle, commented, “Based on the current unfavorable market conditions, we’ve determined this is in the best interest of our shareholders and the long-term value of our business. At Nature’s Miracle, we will continue to focus on our core indoor growing products including grow light, dehumidifier and container growing systems where we are seeing strong momentum.” Terminated Merger Planned To Enhance Revenue Streams The original merger agreement, announced on May 16, proposed that Agrify shareholders would receive 0.45 shares of Nature's Miracle common stock for each Agrify share held. Agrify would have become a wholly-owned subsidiary of Nature's Miracle, with Agrify shareholders anticipated to own approximately 30% of the combined company’s common stock. The merger was expected to bring significant benefits, including a new revenue stream for Nature’s Miracle through Agrify’s SaaS and AI technology, applicable to vertical farming. The merger was also set to enhance Nature’s Miracle’s market share by combining management teams and leveraging Agrify’s expertise in cannabis extraction. Despite the termination, both companies expressed mutual respect and appreciation. “We extend our appreciation to the Agrify team for their cooperation,” Li added. NMHI's shares were trading 22.85% lower at $0.52 per share and AGFY's shares were trading 9.83% lower at $0.3001 per share by the time of this writing around 3 PM ET Monday.
Is Aurora Cannabis Stock a Buy?
Global equities have been surging this year, including most cannabis stocks. Aurora Cannabis, a tier 1 Canadian cultivator, has been among the best performers in 2024.
Cannabis Sector Intriguing: Here's One Stock To Watch
One of the more frustrating trades this year has been the back-and-forth rallies and sell offs in the cannabis sector. MSOS is the ETF stock ticker for US Cannabis.
Marijuana Stocks To Buy In Today's Cannabis Market
Many investors see cannabis stocks as a profitable long-term investment. There has been heavy speculation with all the politics going. Recently Joe Biden expressed his efforts to make sure federal reform is put into action. But is this just a ploy to win votes or a true path towards a better and fair future for legal cannabis operators? The news on the matter has led to a rise in trading and what seems to be continuous momentum for now.
Cannabis Stocks CGC, TLRY, ACB, MSOS, CRON Pop as Justice Department Moves on Rescheduling
Cannabis stocks are once again on the move today, with some big names being seen across the sector. Shares of Canopy Growth (NASDAQ: CGC ), Tilray (NASDAQ: TLRY ), Aurora Cannabis (NASDAQ: ACB ), AdvisorShares Pure US Cannabis ETF (NYSEARCA: MSOS ), and Cronos (NASDAQ: CRON ) are all up between 2% and 10% in today's session, with Canopy Growth leading the way higher.
Looking For The Bud Light Of Cannabis
Alex Carchidi is bullish on the cannabis sector but not ready to invest in stocks, except for Innovative Industrial Properties. 2 cannabis stocks worth considering are Green Thumb Industries and Trulieve Cannabis.
Innovative Industrial Properties: 7% Dividend Yield As U.S. Cannabis Looks For Euphoria
Innovative Industrial Properties raised its dividend in December and currently offers a 7% dividend yield. The dividend is 121% covered by fiscal 2024 first quarter adjusted FFO that dipped by 16 cents sequentially. IIPR faces no maturing debt until 2026 and has a weighted average remaining lease term of approximately 14.8 years.
Cannabis stocks jump as Biden administration advances marijuana rescheduling proposal
US President Joe Biden confirmed on Thursday that the Justice Department is officially moving toward reclassifying cannabis as a lower-risk drug. The Justice Department's proposed rule will soon be posted which will be followed by a 60-day public comment period before the rule is potentially finalized, it was confirmed.
