Tilray Brands, Indivior, Canopy Growth, Incannex Healthcare, Turning Point Brands, Aurora Cannabis, and Innovative Industrial Properties are the seven Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks are shares of publicly traded companies whose primary business involves the cultivation, processing, distribution or ancillary services of cannabis and hemp products. Investors trade these equities to gain exposure to the rapidly evolving legal cannabis market, which is subject to regulatory shifts, consumer trends and emerging medical research. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.
Tilray Brands (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.
TLRY traded up $0.06 on Tuesday, reaching $0.56. The company had a trading volume of 47,560,456 shares, compared to its average volume of 30,147,967. The company has a current ratio of 2.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. Tilray Brands has a one year low of $0.35 and a one year high of $2.15. The company has a market capitalization of $567.87 million, a P/E ratio of -0.54 and a beta of 1.82. The company has a fifty day moving average of $0.43 and a 200-day moving average of $0.72.
Read Our Latest Research Report on TLRY
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.
Indivior stock traded down $0.33 on Tuesday, hitting $15.22. The company's stock had a trading volume of 551,054 shares, compared to its average volume of 1,238,370. The company has a fifty day moving average price of $12.87 and a 200-day moving average price of $11.29. The firm has a market cap of $2.10 billion, a P/E ratio of -49.10 and a beta of 0.65. Indivior has a one year low of $7.33 and a one year high of $15.88.
Read Our Latest Research Report on INDV
Canopy Growth (CGC)
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.
Shares of CGC stock traded up $0.02 on Tuesday, reaching $1.22. The company had a trading volume of 4,500,299 shares, compared to its average volume of 6,347,178. Canopy Growth has a 12 month low of $0.77 and a 12 month high of $8.65. The company has a current ratio of 3.12, a quick ratio of 2.10 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $1.42 and a 200-day moving average of $1.60. The stock has a market cap of $223.40 million, a PE ratio of -0.30 and a beta of 0.73.
Read Our Latest Research Report on CGC
Incannex Healthcare (IXHL)
Incannex Healthcare Inc., a clinical stage pharmaceutical development company, engages in the research, development, and sale of medicinal cannabinoid and psychedelic pharmaceutical products and therapies. It develops products for the treatment of obstructive sleep apnoea (OSA), traumatic brain injury (TBI) and concussion, lung inflammation (ARDS, COPD, asthma, bronchitis), rheumatoid arthritis, inflammatory bowel disease, anxiety disorders, addiction disorders, pain, and other indications.
Shares of IXHL traded up $0.00 during midday trading on Tuesday, reaching $0.22. 22,461,521 shares of the stock were exchanged, compared to its average volume of 15,089,141. The company has a market cap of $6.33 million, a P/E ratio of -0.18 and a beta of 7.47. The stock's 50 day simple moving average is $0.20 and its 200 day simple moving average is $0.92. Incannex Healthcare has a twelve month low of $0.08 and a twelve month high of $3.12.
Read Our Latest Research Report on IXHL
Turning Point Brands (TPB)
Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.
TPB stock traded down $0.79 during trading on Tuesday, hitting $71.48. The company had a trading volume of 64,279 shares, compared to its average volume of 192,037. Turning Point Brands has a one year low of $33.35 and a one year high of $81.25. The business has a 50-day moving average of $72.75 and a 200-day moving average of $64.88. The company has a current ratio of 4.42, a quick ratio of 2.64 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1.28 billion, a PE ratio of 31.35 and a beta of 0.75.
Read Our Latest Research Report on TPB
Aurora Cannabis (ACB)
Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
Shares of Aurora Cannabis stock traded up $0.11 during trading hours on Tuesday, hitting $4.54. 762,408 shares of the company's stock traded hands, compared to its average volume of 1,570,937. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.31 and a quick ratio of 2.16. The stock has a market capitalization of $255.19 million, a price-to-earnings ratio of 41.27 and a beta of 1.75. Aurora Cannabis has a 12-month low of $3.42 and a 12-month high of $7.20. The company has a fifty day simple moving average of $5.02 and a 200-day simple moving average of $4.74.
Read Our Latest Research Report on ACB
Innovative Industrial Properties (IIPR)
Innovative Industrial Properties stock traded up $1.02 during trading hours on Tuesday, reaching $56.32. The company had a trading volume of 56,522 shares, compared to its average volume of 280,911. The company has a debt-to-equity ratio of 0.15, a current ratio of 10.73 and a quick ratio of 10.73. The company has a 50-day moving average price of $56.00 and a 200 day moving average price of $61.91. Innovative Industrial Properties has a 12-month low of $45.44 and a 12-month high of $138.35. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 10.83 and a beta of 1.69.
Read Our Latest Research Report on IIPR
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