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Top 10 Canadian Marijuana and Cannabis Stocks

Melisa R. H. Posted On January 22, 2019
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Considering investing in the cannabis sector? The sector has seen enormous gains and made early investors very wealthy. The demand for legal weed will continue to grow following its legalization. For those looking for good names, here are 10 marijuana companies that you should consider.

👨‍⚕️ Healthcare

Canopy Growth Corp. (WEED-T)

Canopy Growth Corp. (WEED-T) — Stockchase
Canopy Growth Corp. (WEED-T) — Stockchase

Opinion about WEED-T: Good for marijuana exposure. Speculative, but quality. 

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Aurora Cannabis (ACB-T)

Aurora Cannabis (ACB-T) — Stockchase
Aurora Cannabis (ACB-T) — Stockchase

Opinion about ACB-T: Avoid the sector. High risk, speculative. Doesn't see catalysts to drive the sector higher, especially if Republicans succeed in the US election.

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Aphria Inc (APHA-T)

Aphria Inc (APHA-T) — Stockchase
Aphria Inc (APHA-T) — Stockchase

Opinion about APHA-T: (A Top Pick Dec 17/20, Up 93.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with APHA has triggered its stop at $19. To be disciplined, we recommend covering the position. Combined with the previous recommendation to cover 50%, this will create a net investment return of 59%.

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Cronos Group Inc (MJN-X)

Cronos Group Inc (CRON-T) — Stockchase
Cronos Group Inc (CRON-T) — Stockchase

Opinion about CRON-T: It got stuck above $30 and is now building a nice base. He likes this.

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The Hydropothecary Corp (HEXO-T)

Hexo Corp (HEXO-T) — Stockchase
Hexo Corp (HEXO-T) — Stockchase

Opinion about HEXO-T: Has diversified into other areas than straight flower production. Focusing on the US for cannabis. HEXO will survive in Canada. Has not seen much this year. There will be an acceleration soon. Has a dominant position in Quebec. Would look at buying into it.

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Canntrust Holdings Inc. (TRST-T)

Canntrust Holdings Inc. (TRST-T) — Stockchase
Canntrust Holdings Inc. (TRST-T) — Stockchase

Opinion about TRST-T: (A Top Pick Oct 04/18, Down 87%) A perfect example on staying atop your stocks. He sold around $9.88. Never fund to sell on a loss, and he did and that saved a lot of money.

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Namaste Technologies Inc. (N-X)

Namaste Technologies Inc. (N-X) — Stockchase
Namaste Technologies Inc. (N-X) — Stockchase

Opinion about N-X: He is hesitant to look into the social media companies related to the cannabis sector. He does not believe there is enough defensible on the technology side to say data gathering is a beneficial business in this space yet.

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Organigram Holdings (OGI-X)

Organigram Holdings (OGI-X) — Stockchase
Organigram Holdings (OGI-X) — Stockchase

Opinion about OGI-X: Flies under the radar, not top tier because of its size. Tremendous respect for management team. Very efficient, and that's probably why BATS invested. Will be one of the fastest growing sectors in next decade.

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Emerald Health Therapeutics Inc (EMH-X)

Emerald Health Therapeutics Inc (EMH-X) — Stockchase
Emerald Health Therapeutics Inc (EMH-X) — Stockchase

Opinion about EMH-X: This company has a lot of scientific research to support the health care aspects of cannabis. They also have extensive experience in low cost farming economics as part of their partnership with Village Farms (VFF-T).

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Supreme Pharmaceuticals Inc (FIRE-X)

Supreme Pharmaceuticals Inc (FIRE-X) — Stockchase
Supreme Pharmaceuticals Inc (FIRE-X) — Stockchase

Opinion about FIRE-X: Go all in into this? Don't go all in into any cannabis stock, a sector that hasn't shown earnings yet. He has a convertible debenture of Supreme, who have executed well. But this space is now under tremendous pressure, ever since legalization.

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You can also choose a Marijuana-related ETF but the industry is still small and Marijuana ETFs are not well diversified so if you have the time, you might be better picking the individual names.

💹 ETF

Horizon’s Medical Marijuana (HMMJ-T)

Horizon's Medical Marijuana (HMMJ-T) — Stockchase
Horizon's Medical Marijuana (HMMJ-T) — Stockchase

Opinion about HMMJ-T: The cannabis space has had time to consolidate, taking out the weaker players. The sector has been down for 5 years. There's long-term opportunity in this space following persistent negative returns. Consolidation clears the decks, though. Wait till February to see if selling has abated, following tax-loss selling at the end of…

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