Top Marijuana Stocks on the Nasdaq for October 2021

Finance Dec 29, 2024 10 Add to Reading List

HEXO, GRWG, and SNDL are apical for value, growth, and momentum, respectively

Updated September 27, 2021

The marijuana manufacture consists of companies straight related to the research, development, and organisation of cannabis products, arsenic good arsenic companies that indirectly enactment these operations. Traditional banal marketplace indices specified arsenic the Nasdaq proceed to see much companies from the marijuana industry, arsenic a increasing fig of regions astir the satellite legalize marijuana. The fig of U.S. states that licence marijuana use successful immoderate signifier accrued to 36 aft voters successful respective states approved marijuana legalization initiatives connected their ballots successful past year’s U.S. statesmanlike election.

Some of the Nasdaq-listed marijuana companies see Tilray Inc. (TLRY) and OrganiGram Holdings Inc. (OGI). Many of these companies person managed to support gross maturation successful spite of the COVID-19 pandemic.

Marijuana stocks, arsenic represented by the ETFMG Alternative Harvest ETF (MJ), an exchange-traded fund, person outperformed the broader market. MJ has provided a full instrumentality of 47.6% implicit the past 12 months, above the Russell 1000’s full instrumentality of 40.7%. These show figures and each statistic successful the tables beneath are arsenic of Sept. 23, 2021.

Here are the apical 3 marijuana stocks connected the Nasdaq with the champion value, fastest growth, and astir momentum.

Best Value Marijuana Stocks connected the Nasdaq

These are the marijuana stocks trading connected the Nasdaq speech with the lowest 12-month trailing price-to-sales (P/S) ratio. For companies successful the aboriginal stages of improvement oregon industries suffering from large shocks, this tin beryllium substituted arsenic a unsmooth measurement of a business’s value. A concern with higher income could yet nutrient much nett erstwhile it achieves, oregon returns to, profitability. The P/S ratio shows however overmuch you’re paying for the banal for each dollar of income generated.

Best Value Marijuana Stocks connected the Nasdaq

	Price ($)	Market Cap ($B)	12-Month Trailing P/S Ratio
HEXO Corp. (HEXO)	1.92	0.5	2.6
Village Farms International Inc. (VFF)	8.50	0.7	2.9
Hydrofarm Holdings Group Inc. (HYFM)	41.76	1.8	3.1

^{Source: YCharts}

HEXO Corp.: HEXO is simply a Canada-based, vertically integrated, user packaged goods cannabis company. The institution offers some adult-use and aesculapian cannabis. Its enactment of products see dried flower, marijuana powder, cannabis oil, and cannabis-infused beverages. On Sept. 1, HEXO announced the completion of a previously-announced acquisition, valued astatine astir $50 million, successful which it bought each of the issued and outstanding shares of 48North, a Canada-based licensed cannabis producer. Each erstwhile shareholder of 48North received 0.02366 of a communal stock of HEXO banal per stock of 48North.
Village Farms International Inc.: Village Farms International is simply a Canada-based cultivation producer. In summation to increasing vegetables specified arsenic tomatoes, doorbell peppers, and cucumbers, the institution present besides produces cannabis.
Hydrofarm Holdings Group Inc.: Hydrofarm Holdings Group manufactures and distributes hydroponics products, including lighting equipment, clime power devices, plot accessories, and related products.

Fastest Growing Marijuana Stocks connected the Nasdaq

These are the marijuana stocks connected the Nasdaq with the highest year-over-year (YOY) income maturation for the astir caller quarter. Rising income tin assistance investors to place companies that are capable to turn gross organically oregon done different means, and to find increasing companies that person not yet reached profitability. In addition, earnings per stock (EPS) tin beryllium importantly influenced by accounting factors that whitethorn not bespeak the wide spot of the business. However, income maturation tin besides beryllium perchance misleading astir the spot of a business, due to the fact that increasing income connected money-losing businesses tin beryllium harmful if the institution has nary program to scope profitability.

Fastest Growing Marijuana Stocks connected the Nasdaq

	Price ($)	Market Cap ($B)	Revenue Growth (%)
GrowGeneration Corp. (GRWG)	26.60	1.6	189.7
Cronos Group Inc. (CRON)	5.90	2.2	58.1
Village Farms International Inc. (VFF)	8.50	0.7	47.9

^{Source: YCharts}

GrowGeneration Corp.: GrowGeneration operates retail hydroponic and integrated specialty gardening retail outlets. It offers works nutrition, farming soils, crops, precocious lighting technology, hydroponic and aquaponic equipment, and more. While GrowGeneration is not a pure-play cannabis company, galore of its products are utilized successful cannabis cultivation. The institution announced successful mid-September the opening of the 2 largest hydroponic plot centers to service Los Angeles County successful Southern California, the largest hydroponic marketplace successful the country. These stores are GrowGeneration's 11^th and 12^th locations successful the region, and some opened connected Sept. 24. Combined, the 2 stores comprise much than 120,000 quadrate feet.
Cronos Group Inc.: Cronos Group is simply a Canada-based diversified cannabis institution focused connected research, technology, and accumulation and organisation of adult-use and aesculapian cannabis products and cannabis oils. In precocious August, Cronos announced an important milestone successful its concern aimed astatine producing cultured cannabinoids with compartment programming institution Ginkgo Bioworks. The companies successfully achieved their productivity goals for cannabigerolic acerb (CBGA). Cost-efficient entree to the uncommon cannabis molecule is cardinal to Cronos' motorboat of its caller CBG products this fall. CBG is simply a chemic compound derived from the cannabis works known arsenic the "mother of each cannabinoids" owed to its important relation successful producing related chemicals.

Village Farms International Inc.: See supra for institution description. The institution reported 70% YOY maturation successful nett income for its Pure Sunfarms cannabis concern and 135% YOY maturation successful Pure Sunfarms' Retail Branded Sales successful Q2 2021, ended June 30. The 4th was the archetypal that Village Farms was the top-selling licensed shaper successful Ontario.

Marijuana Stocks connected the Nasdaq with the Most Momentum

These are the marijuana stocks connected the Nasdaq that had the highest full instrumentality implicit the past 12 months.

Marijuana Stocks connected the Nasdaq with the Most Momentum

	Price ($)	Market Cap ($B)	12-Month Trailing Total Return (%)
Sundial Growers Inc. (SNDL)	0.70	1.4	207.4
Tilray Inc. (TLRY)	11.63	5.2	116.8
OrganiGram Holdings Inc. (OGI)	2.41	0.7	102.5
Russell 1000	N/A	N/A	40.7
ETFMG Alternative Harvest ETF (MJ)	N/A	N/A	47.6

^{Source: YCharts}

Sundial Growers Inc.: Sundial Growers is simply a Canada-based cannabis producer. The institution produces and distributes cannabis for the adult-use and aesculapian market. It offers dried angiosperm cannabis products successful assorted formats, including pre-rolls, oils, capsules, and more. Sundial precocious announced the motorboat of Caviar Cones nether its Top Leaf brand. It is the archetypal infused merchandise of its benignant to beryllium released successful the Canadian cannabis marketplace and strengthens the company's presumption successful the inhalables products.
Tilray Inc.: Tilray is simply a Canada-based institution that engages successful cannabis research, cultivation, and distribution. It sells assorted cannabis products, hemp-based foods, and alcoholic beverages.
OrganiGram Holdings Inc.: OrganiGram Holdings's wholly owned subsidiary, Organigram Inc., is simply a Canada-based shaper of aesculapian and recreational cannabis. Its large absorption is producing indoor-grown cannabis.

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