8 Most Popular Canadian Weed Stocks – BudExpressNOW

If you plan to invest in weed stocks, now is the best time. The marijuana market is booming, especially in the country of Canada. The recent wave of legalization has made many top marijuana businesses more valuable than ever. What’s more, many Canadian weed companies also operate in the U.S. and other valuable countries. So what are the most popular Canadian weed stocks to look into?

There are many Canadian weed stocks to choose from. Some are huge organizations whereas others are fast-rising companies. You should always do your research before putting your money in any stocks, but these seem like some of the most solid investments right now. Here are eight of the most popular Canadian weed stocks.

1. Canopy Growth Corp. (NYSE: CGC)

Canopy Growth Corp is one of the absolute biggest names in the marijuana industry. The company is based in Ontario but has multiple brands and international operations in the United States and even Jamaica.

As such, this is a very strong weed stock to invest in. They also have huge room for improvement, especially thanks to deals such as a $4 billion investment from constellation brands- a huge corporation known for brands such as Corona and Modelo beer.

Aurora Cannabis (OTC: ACBFF)

2. Aurora Cannabis (OTC: ACBFF)

Along with Canopy, Aurora Cannabis is one of the leading marijuana companies by far. They sell both dry cannabis strains and cannabis oils, which helps them cater to both recreational and medical users. They’ve also had a significant expansion in the past year, including their acquisition of MedReleaf Corp.

Aurora Cannabis continues to grow year-on-year and, now cannabis is fully legal across Canada, they have the potential to grow more in 2019. They also have international operations in 18 countries which gives them even more reach in the cannabis industry. This is a stock well worth looking into.

3. CannTrust Holdings (NYSE:CTST)

CannTrust Holdings is another popular Canadian weed stock. They’re one of the biggest names in the industry and have had some solid growth in 2019. Their stock value could grow even more throughout 2019 as the sales of weed in Canada continue to grow.

CannTrust has one of the largest marijuana facilities in Canada at 430,000 square foot. They’ve also won several awards for their products. They focus on medical cannabis and, as such, have a good foothold in the CBD sector as well as medical cannabis strains.

4. Cronos Group (NASDAQ:CRON)

Cronos Group is one of the most popular Canadian weed stocks by far, and it should continue to perform well. The Toronto-based company has expanded its reach by making deals with companies such as Ginkgo Bioworks and Altria Group.

As the cannabis industry in Canada continues to grow, Cronos Group seems like one of the companies that will be at the forefront. They’re also getting in on the highly profitable CBD market. After a strong performance in early 2019, their stock took a dip in March, but this might make it the perfect time to invest for cheap.

HEXO (NYSEMKT:HEXO)

5. HEXO (NYSEMKT:HEXO)

HEXO is an up-and-coming cannabis company based out of Gatineau, Quebec. They currently make most of their profits by supplying the Quebec market with quality cannabis. However, the company looks to expand its reach across the rest of Canada.

HEXO has shown much ambition and potential for improvement, such as their recent acquisition of Newstrike Brands. This big-money move will see them add 470,000 sq. ft. of production space and offer specially branded products through their deals, including a partnership with The Tragically Hip.

While the name may not be as big as some of the other top Canadian cannabis stocks, this is definitely one that looks like it could grow throughout the year.

6. OrganiGram Holdings Inc (CVE: OGI)

OrganiGram might not be as big of a player as some of the top Canadian weed companies, but it does show a lot of potential. The company is based out of Moncton, New Brunswick and supplies much of the Atlantic region.

OrganiGram Holdings produces dry cannabis, cannabis oils, pre-rolled joints, blends and various other products available for wholesale. It also exports products internationally. This is a good stock to look into if you want something cheaper than the major Canadian cannabis companies like Canopy.

Aphria Inc. (OTC: APHQF)

7. Aphria Inc. (OTC: APHQF)

Aphria is a major Canadian cannabis company with a market cap of $3 billion. The company is based out of Ontario and produces various medical cannabis strains and oils for a wide market. They sell both via physical stores and online.

Aphria stands out ahead of many competitors for being one of the lowest cost producers of medical cannabis products. They provide a wide range of strains, spanning indica, sativa, and hybrid, along with high-quality cannabis oils. This has seen them become one of the most popular Canadian weed stocks in 2019.

8. CannaRoyalty Corp (CNSX: OH)

Last but not least, CannaRoyalty Corp (also known as Origin House) is a valuable Canadian weed stock. They have strong operations in both Canada and California, two of the leading markets for cannabis sales.

Their stock has had steady growth throughout the past year and could grow even further. With a current value of 11.45 CAD, this is one of the best underrated Canadian weed stocks. The company works on a range of international brands which should see it become an even more valuable stock in the future.

Conclusion

With Canada quickly becoming a leading global hotspot for cannabis products, there are many popular Canadian weed stocks to invest in. While these are some of the most popular Canadian marijuana stocks, there are plenty of other companies with the potential to grow and become more valuable over time.

It’s important to note that you must always do your research before investing. No matter how safe a stock looks, there’s always the risk that you may lose money while investing. With that said, marijuana stocks look to be well on the rise and right now is a better time than ever to get in on the action. If you want to start investing in Canadian weed stocks, be sure to check these eight top stocks out.