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Olga Boiko

As the medicinal and recreational cannabis businesses continue to grow across Canada, so does the notion that more and more people would like to invest in the industry. With that in mind, we thought it’d be pertinent to provide you with a quick look at six Canadian cannabis stocks worth watching.

Canopy Growth Corporation

Market Cap: $16.1 Billion

CEOs: Bruce Linton & Mark Zekulan 

  • In April 2014, Canopy became the first publicly traded cannabis company in North America. Canopy is a licensed producer of medical and recreational cannabis
  • Popular brands include Tweed, Spectrum Cannabis, DNA Genetics, and CraftGrow
  • Canopy embraces innovation through strategic initiatives and partnerships like Canopy Animal Health, Storz & Bickel’s medically approved vaporizers, and ebbu, “a global leader in data-driven, lab-tested cannabinoid research”

Aurora Cannabis Inc.

Market Cap: $9.3 Billion

CEO: Terry Booth 

  • Aurora first reached the stock market in 2017. The company says it creates the “safest and most thoroughly tested medical cannabis” available
  • Aurora has a diverse product line that includes dried cannabis, cannabis oil, milled decarb, milled blend, frost, and Softgels
  • The company provides helpful, online resources to those who may be new, or inexperienced, when it comes to purchasing cannabis for medicinal purposes 

Tilray Inc.

Market Cap: $7.6 Billion

CEO: Brendan Kennedy

  • After going public in July 2018, Tilray sells cannabis oil drops and dried whole flower cannabis for medicinal use, as a well as a broad selection of accessories like vaporizers and storage solutions
  • Tilray created the VAC Bridge Program, an initiative that allows military veterans to place two orders a month (totalling $1,000), until they receive coverage approval from Veterans Affairs Canada
  • Tilray will soon acquire Manitoba Harvest, “the world’s largest hemp food company” in a cash and stock deal

Cronos Group Inc.

Market Cap: $4 Billion

CEO: Michael Gorenstein

  • Hitting the stock market in February 2018, Cronos has 100% ownership stakes in Peace Naturals Medicinal Cannabis and Original BC. The company also owns 21.5% of the Whistler Medical Marijuana Company
  • Cronos has a five-year distribution agreement with G.Pohl-Boskamp, which brings its line of products to more than 12,000 pharmacies in Germany
  • In December 2018, Cronos received a $2.4 billion equity investment from American tobacco corporation, Altria Group Inc. 

Aphria Inc.

Market Cap: $2.5 Billion

CEO: Vic Neufeld  

  • Aphria went public in 2014 and continues to create products for medicinal use, including dried cannabis and oils
  • Aphria became the first licensed producer of medicinal cannabis to partner with Shoppers Drug Mart. Aphria products are available through the e-commerce site, shoppersdrugmart.ca
  • The company is hoping to create “a thin, quick-dissolve strip that may provide an effective and accurate dose delivery” to consumers

HEXO Corp.

Market Cap: $1.6 Billion

CEO: Sebastien St. Louis

  • By the end of January 2019, HEXO Corp. reached a $57.5 million public offering of common shares
  • HEXO Corp. has its HEXO brand “adult-use” cannabis brand based out of Gatineau, QC. The focus here is “innovative, smoke-free and traditional cannabis products”
  • HEXO Corp.’s medicinal brand is Hydropothecary. The company states that its expanding production space will allow it to produce 108,000 kilograms of this cannabis brand annually

*Market Cap information was gathered on February 20, 2019 via the Marijuana Index.

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