Marijuana Stocks on Fire!
Marijuana stocks have been own fire lately. Many people around the world have made big money on some of the hottest cannabis stocks.
Some of the hottest marijuana stocks at this time are:
Canopy Growth Corporation (CGC.V) (OTC: TWMJF)
Canopy Growth Corporation, through its subsidiaries, produces and sells medical marijuana in Canada. They operate a collection of diverse brands and curated strain variety, supported by over half a million square feet of indoor greenhouse production capacity. The company offers dry cannabis and oil products primarily under the Tweed and Bedrocan brands. It also sells its products online. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. The company acquired Bedrocan Cannabis Corp. in 2015 for approximately $58 million. Canopy Growth is the largest producer of medical marijuana in Canada.
GW Pharmaceuticals plc (NASDAQ: GWPH)
GW Pharmaceuticals plc is a biopharmaceutical company that, together with its subsidiaries, engages in discovering, developing, and commercializing cannabinoid prescription medicines. It operates through three segments: Commercial, Sativex Research and Development, and Pipeline Research and Development. The company primarily offers Sativex, an oromucosal spray for the treatment of spasticity due to multiple sclerosis. It also focuses on the Phase III clinical development program of Sativex for use in the treatment of cancer pain; and Phase 2 trials in other indications, such as neuropathic pain. In addition, the company’s product pipeline includes Epidiolex, a treatment for Dravet syndrome and Lennox-Gastaut syndrome, as well as other product candidates in Phase 1 and 2 clinical development for the treatment of glioma, adult epilepsy, type-2 diabetes, and schizophrenia. In a Phase III trial for Epidiolex, the drug reduced the frequency of seizures by 39% in children with a form of epilepsy known as Dravet syndrome, compared to a 13% reduction in children who took a placebo. It operates in the United Kingdom, Europe, the United States, Canada, and Asia.
Aurora Cannabis Inc. (ACB.CN) (OTC: ACBFF)
Aurora Cannabis Inc. focuses on cultivating, harvesting, and selling medical marihuana in Canada. The company is based in Vancouver, Canada. Using water from the Canadian Rocky Mountains, Aurora cannabis plants are brought to harvest in their 55,200 sq ft. facility. Their state-of-the-art facility is designed to produce the cleanest, safest medical cannabis available on the market. Focused on providing high quality medical cannabis at affordable pricing, Aurora offers patients who register with them $8/gram strain pricing, $5/gram composite pricing, a $50 cannabis credit, free shipping Canada-wide, and influence future strains and products.
The Scotts Miracle-Gro Company (NYSE: SMG)
The Scotts Miracle-Gro Company is most well-known for the manufacturing, marketing, and selling of their extensive line of consumer lawn and garden products worldwide. Popular brand names include Scotts, Turf Builder, EZ Seed, Water Smart, PatchMaster, EverGreen, Miracle-Gro Patch Magic, Weedol, Pathclear, EdgeGuard, OxiClean, Miracle-Gro, Earthgro, SuperSoil, Miracle-Gro Organic Choice, Nature’s Care, Whitney Farms, EcoScraps, General Hydroponics, Scotts EcoSense, Tomcat, Roundup, and Home Defence to name a few. But CEO Jim Hagedorn is making big bets in hydroponics as he believes legal marijuana is a billion dollar opportunity and the biggest thing ever to happen to the lawn and gardening industry. The company shelled out $136 million for Gavita, a Dutch grow lighting and hardware company, and inked a deal to buy Arizona-based Botanicare, a plant nutrient and hydroponics products provider that notched about $40 million in sales. The company also invested heavily in Boulder’s AeroGrow indoor gardening company. In addition, the company bought out California’s General Hydroponics last year for $130 million.The company also has a Scotts LawnService segment that offers residential and commercial lawn care, tree and shrub care, and pest control services through the periodic applications of fertilizer and control products.
These are just a few of the many cannabis stocks that are making some investors a lot of money at this time.
As the cannabis industry continues to grow, marijuana stocks will likely be one of the hottest sectors of trading in North America.