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Top Marijuana Stocks for January 2022



The marijuana trade is made up of firms that both help or are engaged within the analysis, improvement, distribution, and sale of medical and leisure marijuana. Hashish has begun to realize wider acceptance and has been legalized in a rising variety of nations, states, and different jurisdictions for leisure, medicinal, and different makes use of. A few of the largest firms within the marijuana trade embody Cover Progress Corp. (CGC), Cronos Group Inc. (CRON), and Tilray Inc. (TLRY). Many massive marijuana firms have continued to publish sizable internet losses as they concentrate on investing in tools to hurry up income progress.

Marijuana shares, as represented by the ETFMG Different Harvest ETF (MJ), have dramatically underperformed the broader market. MJ has offered a complete return of -28.6% over the previous 12 months, nicely beneath the Russell 1000’s whole return of 25.2%. These market efficiency numbers and all statistics within the tables beneath are as of Jan. 6, 2022.

Beneath we have a look at the highest 5 marijuana shares with the very best worth, the quickest progress, and probably the most momentum.

These are the marijuana shares with the bottom 12-month trailing price-to-sales (P/S) ratio. For firms within the early phases of improvement or industries affected by main shocks, this may be substituted as a tough measure of a enterprise’s worth. A enterprise with larger gross sales may finally produce extra revenue when it achieves (or returns to) profitability. The P/S ratio exhibits how a lot you are paying for the inventory for every greenback of gross sales generated.

Greatest Worth Marijuana Shares
  Worth ($) Market Cap ($B) 12-Month Trailing P/S Ratio
GrowGeneration Corp. (GRWG) 11.42 0.7 1.7
Cresco Labs Inc. (CL.CX) CA$7.73 CA$2.1 2.0
Hydrofarm Holdings Group Inc. (HYFM) 22.71 1.0 2.0
Village Farms Worldwide Inc. (VFF) 6.23 0.5 2.0
Ayr Wellness Inc. (AYR.A.CX) CA$17.90 CA$1.2 2.3

Supply: YCharts

  • GrowGeneration Corp.: GrowGeneration is a distributor of agricultural merchandise and one of many largest hydroponics suppliers within the nation. The corporate operates retail hydroponic and natural specialty gardening stores. It presents hundreds of merchandise, together with plant diet, farming soils, superior lighting expertise, and hydroponic and aquaponic tools. It owns and operates 62 retail and distribution facilities. GrowGeneration just lately introduced that it has acquired the property of Cell Media Inc. and MMI Agriculture, a cell shelving manufacturing and warehouse facility, for $9.4 million. The corporate additionally introduced in mid-December the retirement of Tony Sullivan, the corporate’s government vice chairman and chief working officer (COO). The corporate talked about no plans to fill the COO place, saying that the present operational crew was enough to develop the corporate “in 2022 and past.” GrowGeneration employed 4 individuals to fill high-level government or working positions in 2021.

  • Cresco Labs Inc.: Cresco Labs is concerned in rising, manufacturing, distribution, and packaging of hashish merchandise. The corporate operates in 10 states, together with manufacturing amenities and dispensaries. Its manufacturers embody Cresco, Reserve, Remedi, Excessive Provide, Marvel Wellness Co., Mindy’s, Good Information, Sunnyside, and FloraCal Farms. Cresco Labs’ inventory additionally trades over-the-counter (OTC) within the U.S. underneath the ticker CRLBF. The corporate introduced in December the closing of its acquisition of Laurel Harvest Labs LLC, a vertically-integrated medical registrant based mostly in Pennsylvania. The deal was first introduced in mid-October with a complete closing consideration worth of $80 million.
  • Hydrofarm Holdings Group Inc.: Hydrofarm Holdings Group is a holding firm that, via its subsidiaries, makes and distributes hydroponic merchandise to prospects all through the U.S., Canada, and Europe. The corporate presents tons of of manufacturers. It has a complete of 9 distribution facilities, providing a product line of greater than 5,000 objects. The corporate introduced in early November that it has accomplished its acquisition of Revolutionary Growers Tools Inc., a producer of horticulture benches, racking, and LED lighting techniques. The $58.0 million acquisition was introduced in late October.

  • Village Farms Worldwide Inc.: Village Farms Worldwide is a Canada-based vertically built-in greenhouse produce firm. Along with rising, producing, and distributing recent produce to nationwide grocers in North America, the corporate additionally produces hashish. The corporate’s manufacturers embody: Village Farms Recent, a vertically built-in greenhouse grower; Pure Sunfarms, a hashish producer; ROSE LifeScience, a hashish producer and distributor; Balanced Well being Botanicals, a CBD model with an e-commerce platform; Village Fields Hemp, a hemp grower; and VF Clear Power, a subsidiary that converts landfill gasoline to wash vitality. The corporate introduced in mid-November that it has acquired 70% of ROSE LifeScience, a vertically-integrated branded hashish producer, for CA$46.7 million ($36.7 million) in money and Village Farms shares.
  • Ayr Wellness Inc.: Ayr Wellness is a hashish firm concerned within the cultivation, manufacturing, and meting out of hashish and cannabis-derived merchandise. The corporate’s product portfolio contains flowers, seltzers and tinctures, edibles and vape merchandise underneath manufacturers together with Kynd, Origyn, Stix Preroll Co., Levia, Highway Tripper, Entourage, Haze, Depraved, Secret Orchard, and Cannapunch. Ayr Wellness additionally trades OTC within the U.S. underneath the ticker AYRWF. The corporate introduced in November that it agreed to amass Mild Ventures LLC, which owns and operates two licensed retail dispensaries in Chicago and does enterprise underneath the title “Dispensary 33”. Underneath the phrases of the deal, Ayr Wellness pays $55 million upfront with an earnout payable if sure adjusted EBITDA efficiency is achieved via Q3 2022.

These are the marijuana shares with the best year-over-year (YOY) gross sales progress for the latest quarter. Rising gross sales may help buyers determine firms which can be in a position to develop income organically or via different means, and discover rising firms that haven’t but reached profitability. As well as, earnings per share might be considerably influenced by accounting components that will not replicate the general energy of the enterprise. Nonetheless, gross sales progress can be probably deceptive concerning the energy of a enterprise, as a result of rising gross sales on money-losing companies might be dangerous if the corporate has no plan to succeed in profitability.

Quickest Rising Marijuana Shares
  Worth ($) Market Cap ($B) Income Progress (%)
GrowGeneration Corp. (GRWG) 11.42 0.7 110.9
Verano Holdings Corp. (VRNO.CX) CA$14.60 CA$3.0 106.0%
Jushi Holdings Inc. (JUSH.CX) CA$3.93 CA$0.7 104.9
Ayr Wellness Inc. (AYR.A.CX) CA$17.90 CA$1.2 100.0
4Front Ventures Corp. (FFNT.CX) CA$1.23 CA$0.7 60.4

Supply: YCharts

  • GrowGeneration Corp.: See above for firm description.
  • Verano Holdings Corp.: Verano Holdings is a vertically built-in, multistate hashish operator. The corporate produces a variety of medical and adult-use hashish merchandise, which it sells via its portfolio of manufacturers, together with: Verano, Avexia, Encore, and MÜV. It owns and operates 12 cultivation and manufacturing amenities and 93 retail places in plenty of states all through the U.S. The corporate’s inventory additionally trades OTC within the U.S. underneath the ticker VRNOF. Verano just lately introduced the appointment of Brett Summerer as chief monetary officer (CFO). Summerer has over 21 years of economic administration, together with at Basic Motors Co. (GM), Kraft Heinz Co., (KHC) and Corning Inc. (GLW). He replaces Brian Ward.
  • Jushi Holdings Inc.: Jushi Holdings is a holding firm targeted on branded hashish and hemp-based property. The corporate is engaged in retail, distribution, cultivation, and processing operations. Its manufacturers embody: The Financial institution, targeted on plant genetics and cultivation; The Lab, specializing in vape merchandise and concentrates; Nira, a maker of hemp-based CBD merchandise which can be doctor formulated; Nira+, a producer of medicinal THC merchandise; Sèche, which presents varied branded floor and flower hashish merchandise; and Tasteology, a supplier of THC-infused merchandise. Jushi additionally trades OTC within the U.S. underneath the ticker JUSHF. The corporate introduced in mid-November that it has agreed to amass NuLeaf Inc., a Nevada-based, vertically-integrated operator, for $62.5 million. The acquisition is predicted to shut throughout the first half of 2022.

  • Ayr Wellness Inc.: See above for firm description.
  • 4Front Ventures Corp.: 4Front Ventures owns and operates hashish cultivation and manufacturing amenities. It cultivates marijuana, produces hashish flower, edibles, and oil-based merchandise, and distributes its merchandise by way of medical dispensaries or adult-use shops. The corporate owns and operates manufacturing and retail amenities throughout 5 U.S. states. Its companies embody: BrightLeaf Improvement, which oversees cultivation, manufacturing, and manufacturing; Mission Dispensaries, a community of branded medical dispensaries and adult-use shops; and Pure Ratios, a maker of therapeutic hashish merchandise. 4Front’s inventory additionally trades OTC within the U.S. underneath the ticker FFNTF.

Momentum investing is a factor-based investing technique by which you spend money on a inventory whose value has risen sooner than the market has as an entire. Momentum buyers imagine that shares which have outperformed the market will typically proceed to take action as a result of the components that prompted them to outperform won’t immediately disappear. As well as, different buyers, searching for to profit from the inventory’s outperformance, will typically buy the inventory, additional bidding its value larger and pushing the inventory larger nonetheless. These are the shares that had the best whole return over the previous 12 months.

Marijuana Shares with the Most Momentum
  Worth ($) Market Cap ($B) 12-Month Trailing Complete Return (%)
Revolutionary Industrial Properties Inc. (IIPR) 224.74 5.4 28.2
Enviornment Prescribed drugs Inc. (ARNA) 92.97 5.7 24.0
Sundial Growers Inc. (SNDL) 0.61 1.3 13.4
4Front Ventures Corp. (FFNT.CX) CA$1.23 CA$0.7 7.0
OrganiGram Holdings Inc. (OGI) 1.64 0.5 5.8
Russell 1000 N/A N/A 25.2
ETFMG Different Harvest ETF (MJ) N/A N/A -28.6

Supply: YCharts

  • Revolutionary Industrial Properties Inc.: Revolutionary Industrial Properties is a actual property funding belief (REIT) that engages within the acquisition, disposition, improvement, and administration of commercial amenities leased to tenants within the regulated medical hashish trade. The corporate’s portfolio consists of specialised industrial and greenhouse buildings leased to state-licensed, medical-use hashish cultivators throughout the U.S. Revolutionary Industrial Properties introduced in October that it has acquired a 201,000 sq. foot industrial property in California and entered right into a long-term lease with Gold Flora LLC. The acquisition value of the property was $51.0 million. Gold Flora is a vertically-integrated operator with intensive expertise within the regulated hashish trade. The operator is predicted to finish tenant enhancements on the property for which Revolutionary Industrial Properties will present reimbursement of $9.0 million, bringing the overall anticipated funding within the property to be $60.0 million.

  • Enviornment Prescribed drugs Inc.: Enviornment Prescribed drugs is a medical stage biopharmaceutical firm that’s creating a various portfolio of therapeutic candidates targeted on the areas of gastroenterology, dermatology, and cardiology. It doesn’t at the moment have any medicines or merchandise which were accredited to be used by any well being authority. The corporate is engaged on creating a drug for treating ache associated to gastrointestinal problems referred to as Olorinab, which makes use of cannabinoids. The corporate introduced in mid-December that it has agreed to be acquired by Pfizer Inc. (PFE) for roughly $6.7 billion. Pending approval by regulators, the deal is predicted to shut within the first half of this yr.
  • Sundial Growers Inc.: Sundial Growers is a Canada-based diversified hashish firm engaged within the cultivation, manufacturing and processing, and retailing of assorted hashish merchandise. The corporate focuses on inhalables for the Canadian adult-use market. Its branded merchandise can be found in flower, vape, pre-roll, and different varieties. The corporate’s manufacturers embody Sundial, Prime Leaf, Palmetto, and Grasslands. Sundial introduced in November that its board of administrators has accredited a brand new share repurchase program authorizing the corporate to repurchase as much as CA$100 million ($78.6 million) of its excellent frequent shares. The repurchase program will expire on Nov. 19, 2022.

  • 4Front Ventures Corp.: See above for firm description.
  • OrganiGram Holdings Inc.: OrganiGram Holdings is a Canada-based producer of medical and leisure hashish targeted on producing high-quality, indoor-grown hashish. It’s the dad or mum firm of Organigram Inc., a producer of hashish merchandise, and The Edibles and Infusions Corp., a cannabis-infused, soft-chew and confectionary producer. Its manufacturers embody The Edison Hashish Co., Indi, Bag o’ Buds, SHRED, and Trailblazer. OrganiGram’s inventory additionally trades in Canada on the TSX underneath the ticker OGI.TO. The corporate just lately introduced that it has acquired Laurentian Natural Inc., a licensed hashish producer, for CA$36 million ($28 million) plus an earnout if sure EBITDA thresholds are surpassed by Laurentian in 2022 and 2023.

The feedback, opinions, and analyses expressed herein are for informational functions solely and shouldn’t be thought of particular person funding recommendation or suggestions to spend money on any safety or to undertake any funding technique. Although we imagine the knowledge offered herein is dependable, we don’t warrant its accuracy or completeness. The views and techniques described in our content material will not be appropriate for all buyers. As a result of market and financial circumstances are topic to fast change, all feedback, opinions, and analyses contained inside our content material are rendered as of the date of the posting and will change with out discover. The fabric isn’t meant as a whole evaluation of each materials truth concerning any nation, area, market, trade, funding, or technique.

Investopedia requires writers to make use of major sources to help their work. These embody white papers, authorities information, unique reporting, and interviews with trade specialists. We additionally reference unique analysis from different respected publishers the place applicable. You may be taught extra concerning the requirements we comply with in producing correct, unbiased content material in our
editorial coverage.

  1. YCharts. “Monetary Information.” Accessed Jan. 6, 2022.

  2. GrowGeneration Corp. “Firm Info.” Accessed Jan. 6, 2022.

  3. GrowGeneration Corp. “GrowGeneration Acquires Cell Media Inc. and MMI Agriculture.” Accessed Jan. 6, 2022.

  4. GrowGeneration Corp. “GrowGeneration Publicizes Retirement of Tony Sullivan, EVP, and COO.” Accessed Jan. 6, 2022.

  5. Cresco Labs Inc. “ABOUT US.” Accessed Jan. 6, 2022.

  6. Cresco Labs Inc. “Our Manufacturers.” Accessed Jan. 6, 2022.

  7. Cresco Labs Inc. “Cresco Labs Closes Acquisition of Pennsylvania Vertically Built-in Medical Registrant, Laurel Harvest.” Accessed Jan. 6, 2022.

  8. Cresco Labs Inc. “Cresco Labs to Develop Management in Pennsylvania Via Acquisition of Vertically Built-in Operator, Laurel Harvest.” Accessed Jan. 6, 2022.

  9. Hydrofarm Holdings Group Inc. “Our Manufacturers.” Accessed Jan. 6, 2022.

  10. Hydrofarm Holdings Group Inc. “About Hydrofarm.” Accessed Jan. 6, 2022.

  11. Hydrofarm Holdings Group Inc. “Hydrofarm Completes Acquisition of Revolutionary Growers Tools, Inc.” Accessed Jan. 6, 2022.

  12. Hydrofarm Holdings Group Inc. “Hydrofarm Indicators Settlement to Purchase Revolutionary Growers Tools; Publicizes Preliminary 3Q21 Monetary Outcomes and Offers Up to date Full Yr 2021 Outlook.” Accessed Jan. 6, 2022.

  13. Village Farms Worldwide Inc. “About.” Accessed Jan. 6, 2022.

  14. Village Farms Worldwide Inc. “Manufacturers.” Accessed Jan. 6, 2022.

  15. XE.com Inc. “1 CAD to USD – Convert Canadian {Dollars} to US {Dollars}.” Accessed Jan. 6, 2022.

  16. Village Farms Worldwide Inc. “Village Farms Worldwide Acquires 70% of Québec-Based mostly ROSE LifeScience, a Main Vertically Built-in Branded and Third-Celebration Provider to the Québec Hashish Market.” Accessed Jan. 6, 2022.

  17. Ayr Wellness Inc. “Our Manufacturers.” Accessed Jan. 6, 2022.

  18. Ayr Wellness Inc. “Ayr Wellness Enters Settlement to Purchase Dispensary 33 in Chicago.” Accessed Jan. 6, 2022.

  19. Verano Holding Corp. “Investor Relations.” Accessed Jan. 6, 2022.

  20. Verano Holdings Corp. “VERANO WELCOMES VETERAN CPG INDUSTRY FINANCE EXECUTIVE BRETT SUMMERER AS CHIEF FINANCIAL OFFICER.” Accessed Jan. 6, 2022.

  21. Jushi Holdings Inc. “Manufacturers.” Accessed Jan. 6, 2022.

  22. Jushi Holdings Inc. “Jushi Holdings Inc. Additional Expands Nevada Footprint Via Settlement to Purchase Vertically Built-in State Operator.” Accessed Jan. 6, 2022.

  23. 4Front Ventures Corp. “About Us.” Accessed Jan. 6, 2022.

  24. 4Front Ventures Corp. “Divisions.” Accessed Jan. 6, 2022.

  25. Revolutionary Industrial Properties Inc. “Our Enterprise.” Accessed Jan. 6, 2022.

  26. Revolutionary Industrial Properties Inc. “Our Portfolio.” Accessed Jan. 6, 2022.

  27. Revolutionary Industrial Properties Inc. “Revolutionary Industrial Properties Acquires Property in California and Executes Lengthy-Time period Lease with Gold Flora.” Accessed Jan. 6, 2022.

  28. Enviornment Prescribed drugs Inc. “WHO WE ARE.” Accessed Jan. 6, 2022.

  29. Enviornment Prescribed drugs Inc. “OLORINAB.” Accessed Jan. 6, 2022.

  30. The Wall Avenue Journal. “Pfizer to Purchase Enviornment Prescribed drugs in $6.7 Billion Deal.” Accessed Jan. 7, 2022.

  31. Enviornment Prescribed drugs Inc. “PFIZER TO ACQUIRE ARENA PHARMACEUTICALS.” Accessed Jan. 6, 2022.

  32. Sundial Growers Inc. “Sundial Company Presentation – August 2021,” Web page 4 (PDF Obtain). Accessed Jan. 6, 2022.

  33. Sundial Growers Inc. “Sundial Company Presentation – August 2021,” Web page 14 (PDF Obtain). Accessed Jan. 6, 2022.

  34. Sundial Growers Inc. “Sundial Company Presentation – August 2021,” Web page 11 (PDF Obtain). Accessed Jan. 6, 2022.

  35. Sundial Growers Inc. “Sundial Publicizes Share Repurchase Program.” Accessed Jan. 6, 2022.

  36. OrganiGram Holdings Inc. “About Us.” Accessed Jan. 6, 2022.

  37. Organigram Holdings Inc. “Organigram Acquires Quebec-Based mostly Laurentian Natural Inc. in Accretive Transaction.” Accessed Jan. 6, 2022.




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