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Promising Cannabis Stocks To Watch Today - October 13th

Tilray Brands logo with Medical background

Key Points

  • Tilray Brands, Canopy Growth, and SNDL are identified as the top cannabis stocks to monitor due to their high trading volume over recent days.
  • Tilray operates in various countries, focusing on the research and distribution of medical cannabis products, while Canopy Growth specializes in the production and sale of cannabis and hemp-based products primarily in the US and Canada.
  • SNDL Inc. diversifies its offerings by also selling alcohol products, in addition to engaging in the adult-use and medical cannabis markets.
  • MarketBeat previews the top five stocks to own by November 1st.

Tilray Brands, Canopy Growth, and SNDL 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 cultivation, processing, retail, biotechnology, and ancillary services — and may be listed on major exchanges or traded over the counter. For investors, these equities provide exposure to the growing legal cannabis market but typically carry elevated regulatory, legal, and price-volatility risks due to shifting laws, limited banking access, and uncertain demand and profitability. 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.

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.

Read Our Latest Research Report on CGC

SNDL (SNDL)

SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.

Read Our Latest Research Report on SNDL

Further Reading

Should You Invest $1,000 in Tilray Brands Right Now?

Before you consider Tilray Brands, you'll want to hear this.

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While Tilray Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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