Canopy Growth serves the Canadian medical and recreational marijuana markets and distributes medical cannabis to international markets, including Germany. The company has strong global distribution channels with subsidiaries, joint ventures, and strategic partners that market its products around the world.
Jazz is not a pure-play medical cannabis company, and it also makes the sleep disorder drugs Xyrem, Xywav, and Sunosi, which account for more than two-thirds of its sales. Jazz also sells the cancer drugs Rylaze, Vyxeos, and Zepzelca.
Innovative Industrial Properties currently owns properties that are leased to tenants in 18 states. The company is increasing its customer base not only in the states where it already operates but also in additional states that legalize medical or recreational cannabis.
Innovative Industrial Properties (NYSE:IIPR)
4. Trulieve Cannabis
Investors who opt to buy individual medical marijuana stocks can choose among Canadian or U.S. companies. Canadian medical cannabis companies can legally list on U.S. stock exchanges, while U.S. medical cannabis companies operating legally at the state level can legally list on Canadian stock exchanges and over the counter (OTC).
With 25 company-owned stores across six states, Red White & Bloom is a notable pot-grower selling bulk flowers, edibles, concentrates, and cannabidiol (CBD) products. In addition, the company has a solid wholesale segment: Its products are located in more than 700 retail dispensaries.
Luckily, there are still some fairly valued marijuana stocks on the market. What’s more, brands like Red White & Bloom Brands Inc. (OTC:RWBY.F) , Acreage Holdings (OTC:ACRGF) , and Charlotte’s Web (OTC:CWBHF) have returned between 5% and 95% to investors over the past year. Let’s see how you can get the most bang for your buck with these pot stocks.
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Maybe investors think the company is overtly ambitious, as its shares are trading at just 0.59 times forward revenue. Nevertheless, Red White & Bloom is currently one of the best emerging cannabis brands across the country, with its pot selling out on the first day of launch at its retail locations this year. What’s more, the company is also launching a home delivery program for its vape selection in California, with quick and overnight delivery options. For these reasons, I think Red White & Bloom can live up to its hype.
1. Red White & Bloom
The best part about Acreage is that there is a price floor to its stock. To expand into the U.S., Canadian pot-giant Canopy Growth is acquiring the company for $843 million (its current market cap is about $518) contingent on the federal legalization of marijuana across the border. Trading at just 5.4 times revenue for a sales growth rate of 54% per year, Acreage is a hot cannabis stock that you don’t want to miss.