Promising Cannabis Stocks To Research - November 12th

Key Points

• MarketBeat’s screener flagged Glass House Brands, SHF Holdings, Aurora Cannabis, Trulieve Cannabis, and Tilray Brands as cannabis stocks with the highest recent dollar trading volume.
• All five stocks were down in Thursday trading. Glass House fell to $1.25 and Tilray to $2.50, both near their respective 52-week lows.
• Trulieve had the largest market capitalization among the five at about $2.09 billion; Aurora reported a low debt-to-equity ratio of 0.03, while Trulieve’s current ratio was 5.52.

Glass House Brands, SHF, Aurora Cannabis, Trulieve Cannabis, and Tilray Brands are the five Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks are shares of publicly traded companies involved in growing, processing, distributing, or selling cannabis and related products or services. Their performance can be affected by industry growth, changing regulations, and other risks specific to the cannabis market. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Glass House Brands (GLAS)

Glass House Brands is a vertically integrated cannabis company. Glass House Brands is based in LONG BEACH, Calif.

Shares of NYSE:GLAS traded down $0.61 on Thursday, hitting $1.25. The stock had a trading volume of 6,123,017 shares, compared to its average volume of 656,573. Glass House Brands has a twelve month low of $1.06 and a twelve month high of $13.93. The company has a quick ratio of 0.70, a current ratio of 1.33 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $4.97. The company has a market cap of $116.40 million and a P/E ratio of -1.66.

Read Our Latest Research Report on GLAS

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.

Shares of SHF stock traded down $0.00 during mid-day trading on Thursday, reaching $0.02. 246,094,160 shares of the stock were exchanged, compared to its average volume of 30,760,459. The company has a market cap of $12,420.00, a price-to-earnings ratio of -0.00 and a beta of 1.01. The firm has a 50-day simple moving average of $0.90 and a 200 day simple moving average of $5.26. SHF has a fifty-two week low of $0.01 and a fifty-two week high of $25.20.

Read Our Latest Research Report on SHFS

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 ACB stock traded down $0.03 on Thursday, reaching $5.03. The stock had a trading volume of 1,022,481 shares, compared to its average volume of 1,180,973. The company has a quick ratio of 2.60, a current ratio of 5.00 and a debt-to-equity ratio of 0.03. Aurora Cannabis has a 12 month low of $2.56 and a 12 month high of $6.36. The firm's 50-day moving average is $4.21 and its two-hundred day moving average is $3.58. The firm has a market capitalization of $330.24 million, a price-to-earnings ratio of -5.12 and a beta of 0.65.

Read Our Latest Research Report on ACB

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.

Shares of NYSE:TRLV traded down $0.38 on Thursday, hitting $10.86. The company had a trading volume of 468,066 shares, compared to its average volume of 985,402. Trulieve Cannabis has a 1-year low of $4.62 and a 1-year high of $13.28. The company has a market cap of $2.09 billion and a PE ratio of 54.16. The stock's 50 day moving average is $11.17. The company has a current ratio of 5.52, a quick ratio of 3.65 and a debt-to-equity ratio of 0.45.

Read Our Latest Research Report on TRLV

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 NASDAQ TLRY traded down $0.10 during trading hours on Thursday, reaching $2.50. 1,781,434 shares of the stock were exchanged, compared to its average volume of 4,279,654. Tilray Brands has a 52 week low of $2.47 and a 52 week high of $15.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.11 and a current ratio of 1.88. The firm has a market capitalization of $370.21 million, a price-to-earnings ratio of -1.79 and a beta of 2.04. The stock's fifty day simple moving average is $3.48 and its 200 day simple moving average is $5.25.

Read Our Latest Research Report on TLRY

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