Cannabis Stocks To Research - November 7th

Key Points

• MarketBeat’s screener named Trulieve Cannabis, SHF Holdings, and Tilray Brands as cannabis stocks with the highest recent dollar trading volume.
• Trulieve rose $0.64 to $11.54, with 1.55 million shares traded; its market capitalization was $2.22 billion.
• SHF traded at $0.03 on exceptionally high volume of about 656 million shares, while Tilray gained $0.11 to $2.92—below its 50-day and 200-day moving averages.

Trulieve Cannabis, SHF, and Tilray Brands are the three Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks are shares of publicly traded companies involved in the cannabis industry, including growers, retailers, manufacturers, and businesses that provide related products or services. Their performance can be affected by industry growth, changing laws, and regulatory uncertainty. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Trulieve Cannabis (TRLV)

Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, California, Massachusetts, Connecticut, Pennsylvania, and West Virginia, as well as directly to patients through home delivery.

Trulieve Cannabis stock traded up $0.64 during mid-day trading on Friday, hitting $11.54. The company had a trading volume of 1,550,714 shares, compared to its average volume of 1,272,252. The stock has a market cap of $2.22 billion and a PE ratio of 104.90. Trulieve Cannabis has a 1 year low of $4.62 and a 1 year high of $13.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.98 and a current ratio of 5.94. The business has a fifty day moving average of $11.21.

Read Our Latest Research Report on TRLV

SHF (SHFS)

SHF Holdings, Inc., through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.

SHFS stock traded down $0.00 during midday trading on Friday, reaching $0.03. 655,835,714 shares of the company were exchanged, compared to its average volume of 135,883,648. The company has a market cap of $14,202.00, a price-to-earnings ratio of -0.00 and a beta of 1.01. SHF has a 1-year low of $0.02 and a 1-year high of $29.04. The stock's 50-day simple moving average is $1.02 and its 200 day simple moving average is $5.48.

Read Our Latest Research Report on SHFS

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 up $0.11 during trading hours on Friday, hitting $2.92. The company had a trading volume of 4,428,100 shares, compared to its average volume of 4,368,304. The company's 50-day moving average is $3.59 and its two-hundred day moving average is $5.34. Tilray Brands has a twelve month low of $2.48 and a twelve month high of $15.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.11. The company has a market cap of $431.55 million, a P/E ratio of -2.09 and a beta of 2.04.

Read Our Latest Research Report on TLRY

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