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As 2019 continues its course, marijuana investors were able to take chances on emerging plays in the cannabis market offering substantial gains.
Marijuana investors saw a mix of performances during Q2 of 2019 and, while the entire sector took some hits, there were still winners during the course.
The stocks listed below have market caps between C$10 million and C$500 million, except for the stocks on the Toronto Stock Exchange (TSX), which have market caps between C$1 billion and C$15 billion. All numbers are current as of the end of Q2 2019 on June 28.
The CSE’s top cannabis stocks
1. Captiva Verde Land (CSE:PWR)
This relative newcomer to the marijuana public sector started trading on the CSE in October 2018.
Captiva is a real estate company with investments in various areas, including cannabis operations.
One of its cannabis assets include Solargram, a grower looking to become a bulk cannabis oil provider that has recently applied for a license from Health Canada based in Moncton, New Brunswick. Captiva acquired this subsidiary in May.
Shares of the firm saw an uptick in value during the past quarter and so far over a year-to-date period have risen 187.5 percent to C$0.23.
The company has subsidiaries operating in the marijuana market including growers.
During the quarter, the company signed a mutual supply and services deal with Zenabis Global (TSX:ZENA). Heritage also highlighted the acquisition of its subsidiary CannaCure, which obtained key licenses from Health Canada.
Heritage retained its spot in the list of top gainers on the Canadian Securities Exchange after securing the first spot in Q1 2019. So far this year, shares of Heritage surged 164.71 percent to C$0.45.
Valens is an extraction cannabis company that is working with producers to provide extracts for a variety of products.
This past quarter, the company managed to tie down or expand extraction agreements with some of the biggest names in the sector, including Tilray (NASDAQ:TLRY), Tantalus Labs and HEXO (NYSEAMERICAN:HEXO,TSX:HEXO).
Valens GroWorks experienced significant growth to its stock during the quarter. As part of this uptick, at the end of the quarter the firm announced it would uplist to the TSX Venture Exchange (TSXV), which the company now trades on.
As of the end of Q2 2019, shares of Valens had increased in value by 162.66 percent to C$4.15.
The TSXV’s top cannabis stocks
1. SugarBud Craft Growers (TSXV:SUGR)
This company is a recent participant of the cannabis space, as the firm sold its oil and gas assets earlier in the year.
During the quarter, SugarBud appointed John Kondrosky, former COO of Zenabis, as CEO to lead its cannabis operations.
SugarBud’s facility in Stavely, Alberta received a confirmation of readiness letter from Health Canada for its cultivation license. If the company obtains its license, it will produce an estimated 9.3 million grams of dried cannabis per year.
Thanks to a surge of 125 percent in value over a year-to-date period to C$0.18, SugarBud rose to the top of the cannabis gainers list on the TSXV.
2. EnWave (TSXV:ENW,OTC Pink:NWVCF)
EnWave is a technology company that has centred itself in the cannabis business thanks to its Radiant Energy Vacuum (REV) drying technology of organic materials, effectively decreasing the time from harvest to the sale of cannabis products.
The technology from EnWave attracted one leading firm this past quarter. EnWave announced a new partnership with Aurora Cannabis (NYSE:ACB,TSX:ACB) to offer the exclusive use of its REV drying technology in the producer’s operations across the globe. As part of the new relationship, Aurora also invested C$10 million in EnWave.
Over a year-to-date period, shares of EnWave increased in value by 83.08 percent to C$2.38.
Harvest One continued its steady development and maintained its position in this top gainers list.
During the quarter, the company announced its subsidiary United Greeneries had been selected by Shoppers Drug Mart, a Loblaw Companies (TSX:L) subsidiary, as a supplier of medical cannabis for its online store.
“We see this supply agreement as a further step towards fulfilling our vision of being a vertically integrated house of brands in the cannabis health, wellness, and self-care sector,” Grant Froese, CEO of Harvest One, said in a press release.
Shares of Harvest One surged 67.44 percent over a year-to-date period to C$0.72.
The TSX’s top cannabis stocks
1. Neptune Wellness Solutions (NASDAQ:NEPT,TSX:NEPT)
Neptune is another company with extraction capabilities for cannabis products. The firm also counts with the production of cannabis capsules called Licaps.
The shares of the extraction company rose by 51.6 percent over a year-to-date period to C$5.70.
2. Aurora Cannabis (NYSE:ACB,TSX:ACB)
Aurora Cannabis is one of the leading publicly traded licensed producers in the market. The company has been focused on balancing the demands from its medical patient base and the increasing appetite of the recreational market in Canada.
At the same time, the firm has continued adding to its international exposure with a win for its production tender in Germany. The company announced its acquisition strategy, which continued with the purchase of the remaining interest for Hempco Food and Fiber (TSXV:HEMP).
Aurora finished the quarter with a 44.71 rise over a year-to-date period to C$10.26, making it the second top gainer on the Toronto Stock Exchange.
3. Cronos Group (NASDAQ:CRON,TSX:CRON)
Cronos is a marijuana producer in Canada that secured an investment deal from an established tobacco company this year.
After its shareholders approved of the deal, the firm was able to close a C$2.4 billion investment transaction from Altria Group (NYSE:MO) to grant the cigarette producer with a 45 percent stake in Cronos.
In May, the firm reported a net loss attributable to basic shares of C$1.95 per share for its Q1 2019. However, revenues increased 15 percent from the previous quarter for a total of C$6.5 million.
The shares of the Canadian cannabis producer flourished by 36.43 percent at the end of Q2 to C$21.01.
The CSE’s top cannabis stocks
Heritage is a vertically integrated cannabis firm with various subsidiaries in different sub-sectors such as extraction and growing.
In February, the company completed the integration of BriteLife Sciences into its holdings, which will allow it to expand further in the medical cannabis market.
Investors showed an interest for Heritage’s continued path in the market with an increase in share value of 288.24 percent for the first quarter of 2019.
2. Ventura Cannabis and Wellness (VCAN) (CSE:VCAN,OTC Pink:CVHIF)
Formerly known as BLVD Centers, VCAN operates addiction treatment centers across the US. Now, it istransitioning to a marijuana-focused strategy.
The company is pairing its original plan with new acquisitions in the cannabis space, such as dispensaries in Cathedral City, California, and Portland, Oregon.
VCAN captured the attention of the market and received a boost to its share value of 127.27 percent during the first quarter of 2019.
3. Sproutly Canada (CSE:SPR,OTCQB:SRUTF)
Sproutly’s work focuses on developing water soluble cannabis options for the upcoming edible and infused product launch in Canada.
While the company plans to launch its future products under specific brands, in March the firm confirmed the debut of CALIBER, a recreational premium cannabis brand marketing smokable products, from its subsidiary, Toronto Herbal Remedies.
Sproutly’s promise attracted investors during the quarter, with a 123.08 percent increase in value.
The TSXV’s top cannabis stocks
Khiron is a unique cannabis play in the Canadian public markets. The company operates in Colombia and pursues other business activities in the Latin American market.
Khiron’s shares rose 150.32 percent to make it the top gainer on the TSXV.
2. 48North (TSXV:NRTH)
48North is focused on putting forward novel cannabis products that stand out and on bringing its brands to the Canadian market.
Like Heritage on the Canadian Securities Exchange (CSE), 48North was also added to the Horizons Marijuana Life Sciences ETF.
48North continued a steady pace that led to a 127.87 percent increase to its share price for the first quarter of 2019.
Harvest One holds a portfolio of cannabis assets and works on the development of products for the health and wellness sector.
During the quarter, Harvest One upgraded its OTC Market Group listing to the OTCQX Best Market exchange.
As part of its Q2 2019 financial update to shareholders, the company announced that its subsidiary Satipharm had officially launched the sales of reformulated cannabidiol capsules online in Europe.
Thanks to its performance this past quarter, Harvest One attracted the eyes of investors, increasing in value by 120.93 percent.
The TSX’s top cannabis stocks
1. The Green Organic Dutchman (TGOD) (TSX:TGOD,OTCQX:TGODF)
TGOD is an organic marijuana licensed producer (LP) in Canada with a global focus for its products.
In February, the firm secured its first supply agreement with a Canadian province thanks to a deal with Ontario, meaning its products can be sold to Ontario consumers.
As part of its 2018 year end results, the company reported C$263.5 million in cash and restricted cash for the expansion of its facilities and expansion in international markets.
TGOD has secured the biggest returns so far in 2019 with a rise in value of 80.52 percent.
2. Aurora Cannabis (TSX:ACB,NYSE:ACB)
One of the leading Canadian LPs of cannabis took in a solid quarter of growth. In particular, the company continued its expansion plans on a global scale, notably in the European medical market.
The producer announced revenues of C$54.2 million during its Q2 2019 period, driven mostly by the opening of the adult use market in Canada.
A strong quarter boosted Aurora shares with a 70.52 percent increase.
3. HEXO (TSX:HEXO,NYSEAMERICAN:HEXO)
HEXO finally completed a coveted listing on a US exchange when it reached the NYSE American exchangeon January 23.
HEXO was able to attract the attention of the market and secured a rise in value for the quarter of 69.48 percent.
Continue at: https://investingnews.com/daily/cannabis-investing/top-cannabis-stocks-year-date/