Interesting ............... Marijuana Stocks with the Strongest Price Momentum
Posted By SmallCapPower
-July 7, 2017
The trend could be your friend with the Canadian marijuana stock on our list
SmallCapPower | July 7, 2017: If you believe that a stock that is going up or down fast will continue that trend, it is worth checking out the marijuana stocks on our list. Today we have identified four Canadian marijuana stocks with the strongest price momentum in the industry.
This means that their stock price is moving, and it is doing so at a fast pace. The price momentum industry rank is based off data from Thomson Reuters and ranks stocks based on the rate of change in their price. A 100 rank would mean the price momentum is higher than 100% of stocks in the same industry. Remember to check exactly which way a stock is moving before making an investment decision based on momentum.
Canopy Growth Corp. (TSX: WEED) – $8.03
Pharmaceuticals
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The Company, through its subsidiaries Tweed Inc. (Tweed), Bedrocan Canada Inc. (Bedrocan) and Tweed Farms Inc. (Tweed Farms), is engaged in the business of producing and selling legal marijuana in the Canadian medical market.
It is also focusing on producing and selling marijuana in the recreational market in Canada. Its core brands are Tweed and Bedrocan. Tweed is a licensed producer of medical marijuana. Tweed’s commercial license covers approximately 168,000 square feet of its Smiths Falls facility and allows Tweed to produce and sell approximately 3,540 kilograms of medical marijuana per year.
- Market Cap: $1,326,731,078
- YTD Price Change: -12.1%
- Price Momentum Industry rank: 9
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.