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Promising Cannabis Stocks Worth Watching - December 16th

Tilray Brands logo with Medical background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat's screener names Tilray (TLRY), Canopy Growth (CGC) and Aurora Cannabis (ACB) as the three cannabis stocks to watch, chosen for having the highest dollar trading volume among cannabis names in recent days.
  • All three firms operate internationally across cultivation, processing and distribution — Tilray and Canopy have broad global footprints, while Aurora focuses on Canadian and European markets.
  • Cannabis stocks are typically highly volatile and sensitive to legal/regulatory changes, and MarketBeat offers research reports on TLRY, CGC and ACB for investors seeking more detailed analysis.
  • MarketBeat previews the top five stocks to own by May 1st.

Tilray Brands, Canopy Growth, and Aurora Cannabis are the three 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 cannabis industry — including cultivation, processing, distribution, biotechnology, ancillary products and services, or retail. These stocks trade on major exchanges or over‑the‑counter and are often characterized by high volatility and legal/regulatory sensitivity, reflecting changing laws and market uncertainty as well as potential growth opportunities. 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

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.

Read Our Latest Research Report on ACB

Read More

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

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

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tilray Brands wasn't on the list.

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

View The Five Stocks Here

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