These Are the TOP Cannabis Stocks for July 2020

Industry News - Top 2020 Stocks

As of today, many a company is engaged in the development, distribution, and sale of recreational and medical marijuana in the budding cannabis industry. 

What’s more, cannabis has been legalized in an increasing number of countries and states for medicinal, recreational, and other uses. Currently, the biggest names in the cannabis industry include Cronos Group Inc., GW Pharmaceuticals PLC, and Canopy Growth Corp. Unfortunately, many of these giants have experienced significant net losses while focusing on revenue growth and equipment investment.

In addition, cannabis stocks have drastically underperformed for the wider market over the past year, as represented by the ETFMG Alternative Harvest ETF. In fact, cannabis stocks have an overall return of −54.4% compared to the S&P 500’s overall return of 5.6%. 

Without any further stalling, here are the top 3 cannabis stocks with the most momentum, best value, and the fastest growth of revenue.

Most Momentum

The following cannabis stocks displayed the highest total return over the previous year.

Sprott Inc.

  • Price — CA$46.05
  • Market Cap — CA$1.2 billion
  • 12-month trailing total return — 38.7%

Sprott is an investment management services company from Canada. This Canadian company’s wealth management division, Sprott Capital Partners, includes different product offerings in the cannabis sector.

Amyris Inc.

  • Price — $4.23
  • Market Cap — 0.8 billion
  • 12-month trailing total return — 26.7%

This industrial biotechnology company focuses on producing a variety of quality products for clean beauty, fragrance and flavor markets, as well as wellness and health. Consequently, cannabis is used in some of its products.

Best Value

The following cannabis stocks have the lowest 12-month trailing price-to-sales ratio.

Harvest Health & Recreation Inc.

  • Price — CA$1.10
  • Market Cap — CA$398.2 million
  • 12-Month Trailing P/S Ratio — 1.7

This famous Canadian company focuses on dispensaries, production facilities for both recreational and medicinal cannabis, as well as the cultivation of cannabis.

Village Farms International Inc.

  • Price — CA$6.31
  • Market Cap — CA$354.9 million
  • 12-Month Trailing P/S Ratio — 1.7

Next up, we have Canadian Village Farms International, an absolute giant in agricultural production. Apart from producing cannabis, interestingly enough, this company also cultivates bell peppers, cucumbers, and tomatoes.

Fastest Growing

The following are cannabis stocks with the highest rates of year-over-year revenue growth for the latest quarter. 

Note: the rising revenue displays the company’s growing business.

The Valens Co.

  • Price — CA$2.56
  • Market Cap — CA$326.9 million
  • Revenue Growth — 1,340%

Previously known as Valens GroWorks Corp, this cannabis company specializes in formulation and processing in Canada.

4Front Ventures Corp.

  • Price — CA$0.56
  • Market Cap — CA$366.1 million
  • Revenue Growth — 323.7%

Not only does this company operate a number of cannabis production and cultivation facilities, but it also packages its own products and distributes them.

And, that’s all folks! Stay tuned for more exciting news on famous cannabis companies as we will definitely write more about them in the very near future.

Leave a Comment

Your email address will not be published. *