It is estimated that the cannabis industry could grow to a size that rivals that of beer and tobacco, creating novel (though volatile) opportunities in marijuana-related stocks.
Currently, there are about 46 publicly traded Cannabis stocks in North America. GW Pharmaceuticals (GWPH), Canopy Growth (CGC),m Tilray (TLRY), Aurora (ACP) and Aphira are some of the more well-known companies, but there a number of small cap pot stocks that traders and speculators might want to check out.
I’ve gathered and listed most (if not all) marijuana penny stocks, and a few places for further research and stats. This is not an endorsement of the stocks, but merely a list for research purposes.
Auxly Cannabis Group Inc. – XLY:CA
Auxly is a Canadian company with diverse international operations. It is headquartered in Toronto and was founded in 1987.
Vivo Cannabis Inc. – VIVO:CA
Vivo is a Canadian licensed cannabis producer, headquartered in Napanee, Ontario.
Founded in 2007. They have a three-pronged approach to revenue generation – domestic adult-use sales, domestic medical sales, and international sales with a focus on Europe and Australia.
Terra Tech Corp – TRTC
Terra Tech is headquartered in Irvine, California.
They were founded in 2010 and have over 300 employees. Their production is currently based in California and Nevada in the U.S. and they are looking to expand sales as more states legalize cannabis.
Namaste Technologies Inc. – N:CA
Namaste operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands.
Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products and medical cannabis in the Canadian market through its licensed subsidiary, CannMart.com.
- Latest prices and trends: N:CA
Wayland Group – WAYL:CNX
Wayland is currently listed on the Canadian Securities exchange as WAYL as a subsidiary of Maricann Group Inc.
They have distribution agreements with 4 different provinces in Canada and production space for annual capacity up to 65,000 kgs. Their corporate headquarters are in Burlington, Ontario.
Conclusion and More Resources
Don’t rely on our little blurbs on each company, do your own research. Be sure to check out their websites & further resources as each company produces updated investor slide decks on a frequent basis with lots of useful information.
This is not financial advice or even a recommendation. I’m just a nerd who likes research and happy to share my sources. It’s important to do your own due diligence and spend time researching before making an investment or trading stocks.