Top Cannabis Stocks To Watch Now - February 21st

As of February 21st, several cannabis stocks are catching the attention of investors. According to MarketBeat's stock screener, the following seven companies are worth watching: Tilray, Canopy Growth, Aurora Cannabis, Indivior, Innovative Industrial Properties, Gibraltar Industries, and Turning Point Brands. These stocks represent shares in companies involved in the growth, distribution, and sale of cannabis-related products. Their recent trading volumes indicate strong investor interest in this dynamic industry.

Tilray (TLRY)

Tilray, Inc. is engaged in the research, cultivation, processing, and distribution of medical cannabis. Headquartered in Canada, it distributes products across various countries including Argentina, Australia, and Germany. Recently, the stock price was noted at $0.87 with a trading volume of over 16 million shares. Tilray's market capitalization sits at approximately $812 million, with a notable price-to-earnings ratio of -2.88.

Canopy Growth (CGC)

Canopy Growth Corporation, alongside its subsidiaries, focuses on producing and selling cannabis and hemp products primarily in North America and Europe. The company's stock recently traded at $1.65, achieving robust trading activity with about 5.5 million shares exchanged. Canopy Growth currently holds a market capitalization of $256 million.

Aurora Cannabis (ACB)

Aurora Cannabis Inc. specializes in the production and sale of cannabis products in Canada and internationally. Their recent stock price was recorded at $5.90, with a trading volume of approximately 1.25 million shares. The company boasts a market cap of around $323 million.

Indivior (INDV)

Indivior PLC engages in developing prescription medications for treating opioid dependence. As of late trading, shares were priced at $8.77. The company's market capitalization stands at $1.21 billion, and its trading volume was around 766,000 shares.

Innovative Industrial Properties (IIPR)

Innovative Industrial Properties focuses on real estate solutions for the cannabis industry, trading at $72.27, with a reported trading volume of 81,547 shares. The market cap for this company is around $2.05 billion.

Gibraltar Industries (ROCK)

This company offers products for the renewable energy sector and recently traded at $64.58 with a trading volume of 67,731 shares. Gibraltar Industries has a market cap of about $1.96 billion.

Turning Point Brands (TPB)

Turning Point Brands is involved in the manufacture and distribution of consumer products. It recently saw its stock price at $68.91, with a trading volume of 30,527 shares. Their market capitalization is approximately $1.22 billion.

In conclusion, these cannabis stocks represent significant investment opportunities in a growing market. As the landscape of cannabis continues to evolve, monitoring these companies may provide insights for potential investment strategies.

cannabis, stocks, investment