3 Canadian Cannabis Stocks On A Roll Recently

www.investing.com/analysis/3-canadian-cannabis-stocks-on-a-roll-recently-200524598

By Sean Mason, SmallCapPower.com | May 14, 2020 02:04AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

-16.67%

Add to/Remove from Watchlist

NDVA

-11.11%

Add to/Remove from Watchlist

ACB

+5.88%

Add to/Remove from Watchlist

FIRE

0.00%

Add to/Remove from Watchlist

TER

-0.48%

Add to/Remove from Watchlist

CRON

+2.94%

Add to/Remove from Watchlist

NRTH

0.00%

Add to/Remove from Watchlist

The smaller Canadian cannabis stocks we’ve picked have seen their stock prices surge over the past month

The cannabis sector has been seen as less susceptible to a COVID-19 related economic slowdown as its consumers either need marijuana medically or are highly reluctant to stop using it recreationally. While some of the bigger players, such as Aurora Cannabis (NYSE:ACB), (TSX:NYSE:ACB) and Cronos Group (NASDAQ:CRON), (TSX:CRON) have seen their share price suffer lately, the smaller Canadian cannabis stocks we’ve dug up have experienced the best upward momentum during the past month.

Indiva (OTC:NDVAF) – $0.445

Indiva a Canadian licensed producer, specializing in creating cannabis derivative products, such as capsules, oils, and edibles, as well as premium pre-rolls and flower, distributing products in seven provinces. The Company also provides production, manufacturing and refinement services to peer partners such as TerrAscend (OTC:TRSSF), (CSE:TER) and The Supreme Cannabis Company (OTC:SPRWF), (TSX:FIRE). On April 23, 2020, Indiva announced preliminary first-quarter 2020 financial and operating results, saying it expects sales to be in the range of $2.0 million to $2.2 million, up from $0.3 million in Q4, reflecting less than two months of edibles sales during the quarter. The Company added that its Bhang chocolate is the #1 selling edible in Ontario. Indiva received its edibles, extracts and topicals sales licence from Health Canada on January 31, 2020.

One-Month Return: 94%

Indiva Limited Chart

Aleafia Health (OTC:ALEAF) – $0.63

Aleafia Health is a vertically integrated and federally licensed Canadian cannabis company, offering cannabis health and wellness services and products in Canada and in international markets. The Company operates medical clinics, education centres and production facilities for the production and sale of cannabis. Aleafia Health owns three licensed cannabis production facilities, including Canada’s first large-scale, legal outdoor cultivation facility. The Company produces a diverse portfolio of derivative products including oils, capsules and sprays. Aleafia Health operates the largest national network of medical cannabis clinics and education centres staffed by MDs, nurse practitioners and educators and operates internationally in three continents. The Company also maintains a medical cannabis dataset with over 10 million data points to inform proprietary illness-specific product development and its education platform FoliEdge Academy. On May 7, 2020, Aleafia Health announced that its indirect subsidiary, Emblem Germany GmbH, has formally submitted its application to German regulators for EU Good Manufacturing Practices certification, which, if successful, would allow for cannabis production and export to the EU market.

One-Month Return: 80%

Inc Chart

48North Cannabis (OTC:NCNNF) – $0.195

48North Cannabis is a vertically integrated cannabis company focused on the health and wellness market through cultivation and extraction, as well as the creation of innovative, authentic brands for next-generation cannabis products. 48North is developing formulations and manufacturing capabilities for its own proprietary products, as well as positioning itself to contract manufacture similar products for third parties. 48North operates Good:Farm, a 100-acre organic cannabis farm, which produces organically-grown, sun-grown cannabis. In addition, 48North operates two indoor-licensed cannabis production sites in Ontario. The Company’s portfolio of brands includes Latitude, a women’s cannabis platform; Avitas, a single-strain vaporizer cartridge; Quill, a leader in the manufacturing of beautifully designed, lifestyle-focused and sleek vape products and; Sackville & Co, a leading U.S.-based cannabis brand focused on design-forward cannabis accessories and CBD products. On April 22, 2020, 48North Cannabis announced that it has shipped the first order of its dried flower brand, Fleur du Jour, to the Société québécoise du cannabis for retail sale.

One-Month Return: 36%

48North Cannabis Corp Chart

Tesla: Should You Ride the Momentum or Cash Out? By Laura Sánchez/Investing.com - Jun 06, 2023 7

Many analysts say Tesla is overvalued But Elon Musk has promised star figures for this year Is it time to sell the stock or ride its upward momentum? Tesla (NASDAQ:TSLA) has...

UiPath Stock Skyrockets Amid AI Hype: What’s Behind the Rally? By Francesco Casarella/Investing.com - Jun 06, 2023

UiPath stock has undergone an impressive rally But is it based on sound fundamentals or just pure speculation? Let's dig deeper into the company's financials and find out Thanks to...

Narrow Market Buoys Indexes but True Valuations Will Matter Eventually By Lance Roberts - Jun 06, 2023 4

In several recent posts, we discussed our concern over the narrow breadth of the rally in 2023. To wit: “The A.I. chase is making for a very narrow market. As Bob Farrell once...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

Central Banks

Interest Rates

Next Meeting

FED

5.25%

Jun 14, 2023

ECB

3.75%

Jun 15, 2023

BOE

4.50%

Jun 22, 2023

SNB

1.50%

Jun 22, 2023

RBA

4.10%

Jun 06, 2023

BOC

4.50%

Jun 07, 2023

RBNZ

5.50%

Jul 12, 2023

BOJ

-0.10%

Jun 16, 2023

CBR

7.50%

Jun 09, 2023

RBI

6.50%

Jun 08, 2023

PBOC

3.65%

BCB

13.75%

Jun 21, 2023

US 30	33,570.2	-3.1	-0.01%
US 500	4,285.1	+1.2	+0.03%
Dow Jones	33,573.28	+10.42	+0.03%
S&P 500	4,283.85	+10.06	+0.24%
Nasdaq	13,276.42	+46.99	+0.36%
S&P 500 VIX	13.96	-0.77	-5.23%
Dollar Index	104.065	-0.009	-0.01%

Crude Oil WTI	71.47	-0.27	-0.38%
Brent Oil	75.97	-0.32	-0.42%
Natural Gas	2.260	+0.001	+0.04%
Gold	1,980.15	-1.35	-0.07%
Silver	23.642	-0.028	-0.12%
Copper	3.7725	+0.0060	+0.16%
US Soybeans	1,356.50	+3.50	+0.26%

U.S. 10Y	3.661	-0.038	-1.04%
U.S. 30Y	3.858	-0.031	-0.82%
U.S. 5Y	3.819	-0.037	-0.95%
U.S. 3M	5.367	+0.033	+0.61%
US 10Y T-Note	114.03	+0.25	+0.22%
Euro Bund	134.59	+0.15	+0.11%
10-2 Yield Spread	-78.32	+3.18	+-3.90%

Apple	179.21	-0.37	-0.21%
Alphabet A	127.31	+1.30	+1.03%
Tesla	221.31	+3.70	+1.70%
Amazon.com	126.61	+1.31	+1.05%
Netflix	399.29	-4.25	-1.05%
Meta Platforms	271.12	-0.27	-0.10%
Bank of America	29.23	+0.69	+2.42%

3 Canadian Cannabis Stocks On A Roll Recently

The smaller Canadian cannabis stocks we’ve picked have seen their stock prices surge over the past month

Related Articles