Top Cannabis Stocks Worth Watching – July 4th

Indivior, Tilray Brands, and Canopy Growth are the three Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are publicly traded shares of companies involved in the legal cannabis industry, including cultivation, manufacturing, distribution and ancillary services such as testing and equipment supply. By buying these stocks, investors gain exposure to the potential growth of medical and recreational marijuana markets. However, they also face heightened risk from regulatory changes, banking restrictions and evolving consumer trends. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

Shares of INDV stock traded up $0.69 on Friday, reaching $16.09. The company’s stock had a trading volume of 2,981,689 shares, compared to its average volume of 1,234,663. The company has a market capitalization of $2.22 billion, a P/E ratio of -51.89 and a beta of 0.65. Indivior has a 12-month low of $7.33 and a 12-month high of $15.58. The stock’s 50 day simple moving average is $12.70 and its 200-day simple moving average is $11.24.

Tilray Brands (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

NASDAQ TLRY traded up $0.05 during trading on Friday, reaching $0.53. The company’s stock had a trading volume of 43,044,202 shares, compared to its average volume of 29,904,634. The firm has a fifty day moving average of $0.43 and a 200 day moving average of $0.74. Tilray Brands has a one year low of $0.35 and a one year high of $2.15. The stock has a market capitalization of $534.45 million, a PE ratio of -0.51 and a beta of 1.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.62 and a quick ratio of 1.61.

Canopy Growth (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.

Shares of NASDAQ CGC traded up $0.11 during midday trading on Friday, hitting $1.30. 9,848,145 shares of the company’s stock were exchanged, compared to its average volume of 6,323,839. The company has a current ratio of 3.12, a quick ratio of 2.10 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average price is $1.43 and its two-hundred day moving average price is $1.64. The company has a market cap of $238.11 million, a price-to-earnings ratio of -0.32 and a beta of 0.73. Canopy Growth has a 12-month low of $0.77 and a 12-month high of $8.65.