Cannabis Stocks To Follow Now – July 14th

Greenlane, Incannex Healthcare, and Tilray Brands are the three Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies whose operations center on the cultivation, processing, distribution, or retail sale of cannabis and related products. Their market performance is driven by factors such as state and federal legalization efforts, evolving regulatory frameworks, and changing consumer demand for medical and recreational marijuana. Because the legal environment remains in flux and the industry is still emerging, cannabis stocks often exhibit higher volatility and growth potential than more established sectors. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Greenlane (GNLN)

Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.

GNLN traded up $0.03 on Monday, hitting $3.12. The company had a trading volume of 4,557,281 shares, compared to its average volume of 262,280. Greenlane has a 12-month low of $2.86 and a 12-month high of $16,350.00. The business’s fifty day simple moving average is $5.24 and its 200 day simple moving average is $403.01.

Incannex Healthcare (IXHL)

Incannex Healthcare Inc., a clinical stage pharmaceutical development company, engages in the research, development, and sale of medicinal cannabinoid and psychedelic pharmaceutical products and therapies. It develops products for the treatment of obstructive sleep apnoea (OSA), traumatic brain injury (TBI) and concussion, lung inflammation (ARDS, COPD, asthma, bronchitis), rheumatoid arthritis, inflammatory bowel disease, anxiety disorders, addiction disorders, pain, and other indications.

IXHL traded up $0.01 on Monday, hitting $0.23. The company had a trading volume of 58,987,935 shares, compared to its average volume of 15,913,388. The company has a market cap of $6.68 million, a PE ratio of -0.19 and a beta of 7.47. Incannex Healthcare has a 12-month low of $0.08 and a 12-month high of $3.12. The business’s fifty day simple moving average is $0.21 and its 200 day simple moving average is $0.88.

Tilray Brands (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

Shares of NASDAQ:TLRY traded up $0.04 during trading hours on Monday, hitting $0.62. 19,684,830 shares of the company’s stock traded hands, compared to its average volume of 31,083,678. Tilray Brands has a 1 year low of $0.35 and a 1 year high of $2.15. The business has a fifty day moving average price of $0.45 and a 200-day moving average price of $0.70. The firm has a market capitalization of $628.06 million, a P/E ratio of -0.59 and a beta of 1.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.62 and a quick ratio of 1.61.