Cannabis stocks are getting a ton of attention after Tilray (TLRY) has surged to record highs. This rally has attracted negative attention and we are closely monitoring how the sector trades from here.
Today, we want to highlight 3 Canadian cannabis producers that are generating more revenue than Tilray and that are worth watching.
Canopy Growth: A Leading Global Cannabis Company
Canopy Growth (WEED.TO) (CGC) is by far the largest and most diverse licensed Canadian medical marijuana producer. The company is comprised of several wholly‑owned subsidiaries and has increased its reach by making investments and acquisitions of companies all over the globe.
Last month, the Canadian cannabis producer received a $5 billion investment from Constellation Brands (STZ) and this was served as a major catalyst for the company as well as the sector. Canopy plans to use to the capital to expand its global market position and make investments in emerging legal cannabis markets.
Canopy Growth was the first publicly traded licensed Canadian medical marijuana producer and has been. The company has a greater breadth of multi-site management than any other cannabis firm in the world. Canopy currently has cannabis operations in 12 countries on 5 continents.
With more than $5 billion in cash on hand, the company is well positioned to significantly increase market share through acquisitions. We expect to see Canopy further expand its presence across the globe and see continued growth for years to come.
Although Tilray has been stealing the headlines due to the recent price movements, Canopy possesses some of the most attractive growth prospects and we expect the company to continue to be a leader for years to come.
An Emerging Global Cannabis Leader
Aurora Cannabis Inc. (ACB.V) (ACBFF) has been making waves in the global marijuana industry and is an industry leader. From Australia to Germany, this Canadian licensed producer has significantly increased its market share and is levered to new legal cannabis markets across the globe.
