These 12 stocks are where canna-investors should place their bets. Each company is a licensed producer (LP) of cannabis in Canada.
1. Canopy Growth (TSE: WEED)
Market cap: $14.5 billion; owns Ontario-based LP, Tweed; with it’s recent $4 billion investment, Constellations Brands, whose stable of alcohol companies includes Corona and Mondavi, now owns 38% of Canopy.
2. Aurora Cannabis (OTC: ACBFF)
Market cap: $7.3 billion; Alberta-based LP also owns Ontario-based LP, MedRelief Corp. as well as subsidiaries CannaMed and Hempco Food and Fiber; on Sept. 17, it was reported that Coca-Cola had contacted Aurora about launching a CBD soft drink in Canada.
3. Tilray Inc. (NASDAQ: TLRY)
Market cap: $10.2 billion; owns the British Columbia-based LP; on Sept. 17, it was reported that the DEA will begin to import cannabis from Tilray for research purposes.
4. Aphria Inc. (TSE: APH)
Market cap: $4.5 billion; owns the Ontario-based LP.
5. Cronos Group (TSE: CRON)
Market cap: $2.3 billion; owns Ontario-based LP, Peace Naturals Project Inc.
6. The Green Organic Dutchman (TSE: TGOD)
Market cap, $1.9 billion; owns the Ontario-based LP.
7. Hexo Corp. (TSE: HEXO)
Market cap: $1.6 billion; owns Quebec-based LP, Hydropothecary; in August, Hexo signed an agreement with