On Tuesday, November 9, the S&P/TSX Cannabis Index plunged by 0.33 per cent. It has noted a month-to-date increase of 13.25 …
As the US considers decriminalization of cannabis, investors are looking for opportunities in the industry. Here are five Toronto Stock Exchange (TSX) cannabis stocks that are worth considering for purchase, all priced below $20:
1. Aurora Cannabis Inc. (ACB.TO): Aurora Cannabis is a well-established player in the industry. It has a diverse product portfolio and a strong global presence. The company has been working on improving its profitability and strengthening its financial position.
2. HEXO Corp. (HEXO.TO): HEXO is known for its high-quality cannabis products and has partnerships with major retailers. The company focuses on sustainable growth and recently announced plans to expand into the US market. HEXO has been making efforts to reduce costs and improve operational efficiency.
3. Village Farms International Inc. (VFF.TO): Village Farms, a greenhouse vegetable producer, has diversified into cannabis cultivation. The company has a strong balance sheet and a partnership with Pure Sunfarms, one of the largest cannabis producers in Canada. Village Farms has been experiencing significant revenue growth, making it an attractive investment option.
4. Organigram Holdings Inc. (OGI.TO): Organigram is a leading producer of premium cannabis products for both medical and adult-use markets. The company has gained a reputation for consistent quality and has a strong brand presence in Canada. Organigram has been focusing on strategic partnerships and expanding into international markets.
5. Sundial Growers Inc. (SNDL.TO): Sundial Growers is a cannabis producer with operations in Canada and the UK. The company offers a wide range of products including dried cannabis, pre-rolls, and oils. Sundial has been working towards expanding its distribution channels to reach a larger customer base.
These TSX cannabis stocks provide investors with an opportunity to capitalize on the potential growth in the industry as the US moves towards potential decriminalization. However, it is important to conduct thorough research and analysis before making any investment decisions.