Top Marijuana Stocks on the Nasdaq for June 2022

The marijuana trade consists of firms instantly associated to the analysis, improvement, and distribution of hashish merchandise, in addition to firms that not directly assist these operations. Traditional inventory market indices such because the Nasdaq proceed to incorporate extra firms from the marijuana trade, as a rising variety of areas around the globe legalize marijuana. A complete of 37 U.S. states now allow using marijuana in some type.

Nasdaq-listed marijuana firms embrace Tilray Brands Inc., Organigram Holdings Inc., and GrowGeneration Corp. Many of those firms managed to keep up quick income development despite the huge disruptions brought on by the COVID-19 pandemic.

Marijuana shares, as represented by the ETFMG Alternative Harvest ETF (MJ), an exchange-traded fund, have considerably underperformed the broader market. MJ has supplied a complete return of -62.5% over the previous 12 months, nicely beneath the benchmark Russell 1000 Index’s whole return of -5.2%. These efficiency figures and all statistics within the tables beneath are as of May 23, 2022.

Here are the highest three marijuana shares on the Nasdaq with the most effective worth, quickest development, and finest efficiency.

These are the marijuana shares buying and selling on the Nasdaq alternate with the bottom 12-month trailing price-to-sales (P/S) ratio. For firms within the early phases of improvement or industries affected by main shocks, this may be substituted as a tough measure of a enterprise’s worth. A enterprise with larger gross sales finally might produce extra revenue when it achieves (or returns to) profitability. The P/S ratio exhibits how a lot you’re paying for the inventory for every greenback of gross sales generated.

Best Value Marijuana Stocks on the Nasdaq

 
Price ($)
Market Capitalization (Market Cap) ($B)
12-Month Trailing P/S Ratio

GrowGeneration Corp. (GRWG)
4.97
0.3
0.7

Aurora Cannabis Inc. (ACB)
2.74
0.6
3.1

Tilray Brands Inc. (TLRY)
4.49
2.2
3.1

Source: YCharts

GrowGeneration Corp.: GrowGeneration operates retail hydroponic and natural specialty gardening stores. It provides plant diet, farming soils, crops, superior lighting expertise, hydroponic and aquaponic gear, and extra. Though GrowGeneration just isn’t a pure play hashish firm, lots of its merchandise are utilized in hashish cultivation. The firm lately introduced monetary outcomes for Q1 of its 2022 fiscal 12 months (FY), the three-month interval ended March 31, 2022. GrowGeneration reported a web lack of $5.2 million, a major deterioration from web revenue of $6.1 million posted within the year-ago quarter. Net gross sales fell 9.2% in comparison with the year-ago quarter amid weaker demand throughout the trade.
Aurora Cannabis Inc.: Aurora Cannabis is a Canada-based hashish firm serving each the medical and recreational-use markets. Some of its manufacturers embrace Aurora Drift, Daily Special, MedReleaf, and CanniMed. The firm introduced in early May that it has accomplished its beforehand introduced acquisition of TerraFarma Inc., the guardian firm of Thrive Cannabis. Aurora paid an preliminary consideration of CA$38 million ($30 million) and pays as much as an extra CA$30 million in potential earnout quantities, topic to Thrive reaching sure income targets inside two years.
Tilray Brands Inc.: Tilray Brands is a cannabis-lifestyle and shopper packaged items firm. Its portfolio features a broad collection of hashish choices, hemp-based meals, and craft drinks.

These are the marijuana shares on the Nasdaq with the best YOY gross sales development for the latest quarter. Rising gross sales may help traders establish firms which are in a position to develop income organically or by means of different means, in addition to discover rising firms that haven’t but reached profitability. In addition, earnings per share might be considerably influenced by accounting components that won’t mirror the general power of the enterprise. However, gross sales development may also be doubtlessly deceptive concerning the power of a enterprise, as a result of rising gross sales on money-losing companies might be dangerous if the corporate has no plan to succeed in profitability.

Fastest Growing Marijuana Stocks on the Nasdaq

 
Price ($)
Market Cap ($B)
Revenue Growth (%)

Organigram Holdings Inc. (OGI)
1.15
0.4
118.0

Cronos Group Inc. (CRON)
3.18
1.2
98.5

Sundial Growers Inc. (SNDL)
0.40
1.0
77.9

Source: YCharts

Organigram Holdings Inc.: Organigram Holdings is a Canada-based producer of medical and leisure hashish. Its subsidiaries embrace Organigram Inc., Laurentian Organic Inc., and The Edibles and Infusions Corp.
Cronos Group Inc.: Cronos Group is a Canada-based hashish firm centered on advancing hashish analysis, expertise, and product improvement. Its worldwide model portfolio contains Spinach, Happy Dance, and PEACE+. The firm introduced in March the appointment of Mike Gorenstein as chairman, president, and chief govt officer (CEO). Gorenstein is a founding father of Cronos Group and beforehand served the identical three positions till September 2020, when he grew to become the manager chairman. He was named to those roles to interchange Kurt Schmidt, who’s retiring.
Sundial Growers Inc.: Sundial Growers is a Canada-based hashish producer. The firm operates cultivation and processing services, retail shops, and likewise sells alcoholic drinks. Sundial introduced in late March that it has accomplished its beforehand introduced acquisition of Alcanna Inc. for about CA$320 million ($249 million). Alcanna is without doubt one of the largest private-sector retailers of alcohol in North America.

These are the marijuana shares that had the smallest declines in whole return over the previous 12 months out of the businesses we checked out.

Marijuana Stocks on the Nasdaq with the Best Performance

 
Price ($)
Market Cap ($B)
12-Month Trailing Total Return (%)

Sundial Growers Inc. (SNDL)
0.40
1.0
-46.8

Cronos Group Inc. (CRON)
3.18
1.2
-56.9

Organigram Holdings Inc. (OGI)
1.15
0.4
-57.9

Russell 1000
N/A
N/A
-5.2

ETFMG Alternative Harvest ETF (MJ)
N/A
N/A
-62.5

Source: YCharts

Sundial Growers Inc.: See above for firm description.Cronos Group Inc.: See above for firm description.Organigram Holdings Inc.: See above for firm description.

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