Top Cannabis Stocks To Follow Today – April 17th

Tilray, Canopy Growth, Indivior, Innovative Industrial Properties, Aurora Cannabis, Femto Technologies, and BYND Cannasoft Enterprises are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks refer to shares in publicly traded companies that operate within the legal cannabis industry, encompassing activities such as cultivation, production, and distribution of cannabis products. They provide investors with exposure to a rapidly growing sector, which includes both medical and recreational marijuana, while also posing unique regulatory and market challenges. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Tilray (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 TLRY traded down $0.03 during mid-day trading on Thursday, reaching $0.45. 28,505,693 shares of the company’s stock were exchanged, compared to its average volume of 39,539,496. The company has a 50-day simple moving average of $0.69 and a two-hundred day simple moving average of $1.15. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. The company has a market cap of $417.26 million, a price-to-earnings ratio of -1.47 and a beta of 1.88. Tilray has a 52-week low of $0.43 and a 52-week high of $2.52.

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.

NASDAQ:CGC traded down $0.01 on Thursday, hitting $1.18. 6,993,315 shares of the stock were exchanged, compared to its average volume of 7,500,889. The stock has a fifty day moving average of $1.24 and a 200-day moving average of $2.72. The stock has a market cap of $186.37 million, a PE ratio of -0.31 and a beta of 0.92. Canopy Growth has a fifty-two week low of $0.77 and a fifty-two week high of $14.92. The company has a current ratio of 3.52, a quick ratio of 2.58 and a debt-to-equity ratio of 0.74.

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

Shares of NASDAQ:INDV traded up $0.13 during midday trading on Thursday, reaching $9.19. The company had a trading volume of 435,785 shares, compared to its average volume of 933,915. Indivior has a one year low of $7.33 and a one year high of $19.51. The stock’s fifty day moving average price is $9.53 and its 200-day moving average price is $10.33. The stock has a market capitalization of $1.27 billion, a P/E ratio of -26.23 and a beta of 0.93.

Innovative Industrial Properties (IIPR)

Shares of IIPR traded up $0.47 during midday trading on Thursday, reaching $51.43. The stock had a trading volume of 65,529 shares, compared to its average volume of 376,855. Innovative Industrial Properties has a 52 week low of $45.44 and a 52 week high of $138.35. The company has a market capitalization of $1.46 billion, a P/E ratio of 9.30 and a beta of 1.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53. The firm’s 50 day moving average price is $64.63 and its 200-day moving average price is $87.35.

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.

ACB traded down $0.01 during midday trading on Thursday, hitting $4.33. 683,531 shares of the company’s stock traded hands, compared to its average volume of 2,589,391. Aurora Cannabis has a one year low of $3.42 and a one year high of $9.35. The stock’s fifty day simple moving average is $4.85 and its 200-day simple moving average is $4.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.30 and a quick ratio of 1.60. The company has a market cap of $243.63 million, a PE ratio of 86.52 and a beta of 1.63.

Femto Technologies (FMTO)

NASDAQ:FMTO traded down $0.01 during trading hours on Thursday, hitting $0.02. 141,284,525 shares of the company traded hands, compared to its average volume of 17,784,287. Femto Technologies has a twelve month low of $0.01 and a twelve month high of $25.84. The company has a market capitalization of $55,613.00 and a PE ratio of 0.00. The stock’s 50-day moving average price is $2.45.

BYND Cannasoft Enterprises (BCAN)

Shares of NASDAQ BCAN traded down $0.01 during trading on Thursday, reaching $0.03. The company had a trading volume of 86,001,834 shares, compared to its average volume of 48,243. BYND Cannasoft Enterprises has a 52 week low of $3.95 and a 52 week high of $25.84. The business’s 50 day moving average price is $2.53 and its 200-day moving average price is $5.52.