Tilray Brands, Canopy Growth, and Turning Point Brands are the three Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks are shares of publicly traded companies whose business activities center on the cultivation, production, distribution or sale of cannabis and related products. This can include growers of medical and recreational flower, manufacturers of extracts or edibles, biotechnology firms developing cannabinoid-based therapies, and ancillary service providers such as equipment suppliers or testing labs. Because the legal status of cannabis varies widely across jurisdictions, these stocks tend to be more volatile and sensitive to regulatory and policy changes. 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.
Shares of Tilray Brands stock traded down $0.04 on Thursday, hitting $1.22. The company had a trading volume of 110,579,822 shares, compared to its average volume of 39,978,027. The business has a 50-day simple moving average of $0.56 and a 200-day simple moving average of $0.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.46 and a quick ratio of 1.49. The company has a market cap of $1.34 billion, a PE ratio of -0.53 and a beta of 1.85. Tilray Brands has a 52 week low of $0.35 and a 52 week high of $1.98.
Read Our Latest Research Report on TLRY
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 Canopy Growth stock traded down $0.15 on Thursday, hitting $1.50. The company had a trading volume of 19,875,178 shares, compared to its average volume of 9,678,712. The company has a market cap of $306.70 million, a PE ratio of -0.49 and a beta of 0.67. Canopy Growth has a 52 week low of $0.77 and a 52 week high of $7.21. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.07 and a quick ratio of 2.10. The business has a 50-day simple moving average of $1.25 and a 200-day simple moving average of $1.36.
Read Our Latest Research Report on CGC
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.
NYSE:TPB traded up $0.52 during trading hours on Thursday, reaching $100.36. 122,094 shares of the company's stock were exchanged, compared to its average volume of 266,787. The company has a market capitalization of $1.81 billion, a P/E ratio of 42.00 and a beta of 0.66. Turning Point Brands has a 12 month low of $38.05 and a 12 month high of $102.90. The company has a quick ratio of 2.64, a current ratio of 4.22 and a debt-to-equity ratio of 1.30. The business's 50-day simple moving average is $78.71 and its two-hundred day simple moving average is $69.31.
Read Our Latest Research Report on TPB
See Also
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