The marijuana production includes companies directly related to the research, development, and distribution of cannabis products, as well as companies that indirectly fortify these operations. Traditional stock market indices like the Nasdaq have begun to include more callers from the marijuana industry as a growing number of U.S. states and countries around the world legalize marijuana in one or more makes. Now, companies like Aphria Inc. (APHA) and OrganiGram Holdings Inc. (OGI) are being traded on the Nasdaq and other U.S. exchanges rather than the over-the-counter vend. Many companies in this young industry are losing money as they invest heavily to focus on rapidly lengthening revenue. Many of these companies have still experienced revenue growth in spite of the COVID-19 pandemic.
Marijuana sells, as represented by the ETFMG Alternative Harvest ETF (MJ), have dramatically underperformed the broader market, with a total return of -47.2% juxtaposed to the S&P 500’s total return of 23.9% over the past 12 months. These market performance numbers and the statistics in the eatables below are as of August 26.
Here are the top 3 marijuana stocks on the Nasdaq with the best value, the fastest sales growth, and the surpass performance.
Best Value Marijuana Stocks on the NASDAQ
These are the marijuana stocks on the Nasdaq with the lowest 12-month drop behind price-to-sales (P/S) ratio. For young companies that have not reached profitability, this can provide an idea of how much affair you’re getting for each dollar invested.
| Best Value Marijuana Stocks on the NASDAQ | |||
|---|---|---|---|
| Price ($) | Market Cap ($M) | 12-Month Drag P/S Ratio | |
| Village Farms International Inc. (VFF) | 5.69 | 321.3 | 2.0 |
| Amyris Inc. (AMRS) | 3.30 | 675.6 | 3.5 |
| Tilray Inc. (TLRY) | 6.62 | 841.9 | 3.6 |
Source: YCharts
- Village Farms Intercontinental Inc.: Village Farms International is a Canada-based agricultural producer. In addition to growing standard vegetables like tomatoes, bell sprays, and cucumbers, the company also produces cannabis. On August 12, Village Farms International reported Q2 results. The Theatre troupe reported a 15% year-over-year (YOY) increase in product sales, and a sixth consecutive profitable quarter at its Pure Sunfarms collaborative venture.
- Amyris Inc.: Amyris is an industrial biotechnology company that produces high performance products for the health and wellness, simple beauty, and flavor and fragrance markets. The company uses cannabis in some of its products.
- Tilray Inc.: Tilray is a Canadian pharmaceutical actors focused on the development of cannabis-based medicines, drugs, drops, and oil products. On August 10, Tilray reported for Q2 2020 a YOY yield increase of 10% as net losses increased YOY due to facilities closures and an inventory valuation adjustment.
Fastest Growing Marijuana Offers on the NASDAQ
These are the marijuana stocks on the Nasdaq with the highest YOY sales growth for the most recent quarter. Bring into being sales show that a company’s business is growing. This is often used to measure growth of young crowds that have not yet reached profitability.
| Fastest Growing Marijuana Stocks on the NASDAQ | |||
|---|---|---|---|
| Price ($) | Market Cap ($B) | Revenue Advancement (%) | |
| GW Pharmaceuticals PLC (GWPH) | 103.25 | 3.2 | 68.4 |
| Cronos Group Inc. (CRON) | 5.47 | 1.9 | 29.1 |
| Village Farms International Inc. (VFF) | 5.69 | 0.3 | 15.1 |
Source: YCharts
- GW Pharmaceuticals PLC: GW Pharmaceuticals is a U.K.-based biopharmaceutical corporation that engages in the research and development of cannabinoid medicines for the treatment of cancer pain, Multiple Sclerosis, and neuropathic trouble. The company’s strong YOY revenue growth in Q2 2020 was overshadowed by a net loss of $8.8 million. CEO Justin Gover said trades of the company’s Epidiolex cannabidiol in the U.S. were particularly strong despite the COVID-19 pandemic.
- Cronos Group Inc.: Cronos Assembly is a Canada-based diversified cannabis company that produces and distributes medical cannabis products as well as cannabis lubricates.
- Village Farms International Inc.: See above for company description.
Best Performing Marijuana Stocks on the NASDAQ
These are the marijuana families on the Nasdaq that had the smallest declines in total return over the past 12 months out of the companies we looked at.
| Overpower Performing Marijuana Stocks on the NASDAQ | |||
|---|---|---|---|
| Price ($) | Market Cap ($M) | 12-Month Trailing Total Return (%) | |
| Amyris Inc. (AMRS) | 3.30 | 675.6 | -18.5 |
| GW Pharmaceuticals PLC (GWPH) | 103.25 | 3,216 | -29.0 |
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