Cannabis Stocks To Watch Today – May 7th

Turning Point Brands, Innovative Industrial Properties, Gibraltar Industries, Tilray, Canopy Growth, Indivior, and Greenlane are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies that operate in the legal cannabis industry, including businesses involved in cultivation, processing, distribution, research, and ancillary services. By buying these stocks, investors gain exposure to the growth potential—and the regulatory, market and operational risks—associated with both medical and recreational cannabis markets. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Turning Point Brands (TPB)

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.

NYSE:TPB traded up $12.99 during trading hours on Wednesday, hitting $77.88. The company’s stock had a trading volume of 198,728 shares, compared to its average volume of 160,761. Turning Point Brands has a 52-week low of $30.61 and a 52-week high of $78.78. The company has a current ratio of 4.21, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $1.38 billion, a P/E ratio of 30.92 and a beta of 0.69. The stock has a fifty day moving average of $59.50 and a 200-day moving average of $59.37.

Innovative Industrial Properties (IIPR)

IIPR stock traded up $0.62 during midday trading on Wednesday, reaching $53.62. 101,577 shares of the company were exchanged, compared to its average volume of 269,719. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 9.69 and a beta of 1.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 11.53 and a current ratio of 14.32. Innovative Industrial Properties has a 1-year low of $45.44 and a 1-year high of $138.35. The stock’s 50-day simple moving average is $58.95 and its 200 day simple moving average is $79.38.

Gibraltar Industries (ROCK)

Gibraltar Industries, Inc. manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.

Shares of Gibraltar Industries stock traded up $0.70 on Wednesday, hitting $57.50. The stock had a trading volume of 70,644 shares, compared to its average volume of 216,464. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 12.86 and a beta of 1.30. Gibraltar Industries has a 52-week low of $48.96 and a 52-week high of $81.90. The company’s 50 day moving average price is $58.25 and its 200 day moving average price is $62.49.

Tilray (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 $0.01 on Wednesday, reaching $0.43. The company’s stock had a trading volume of 8,141,312 shares, compared to its average volume of 28,484,873. The stock has a market capitalization of $432.79 million, a P/E ratio of -1.43 and a beta of 1.95. Tilray has a 52-week low of $0.41 and a 52-week high of $2.31. The stock’s 50-day moving average is $0.57 and its two-hundred day moving average is $1.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.54 and a quick ratio of 1.58.

Canopy Growth (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.

Shares of CGC stock traded up $0.02 during midday trading on Wednesday, hitting $1.30. The company had a trading volume of 2,487,674 shares, compared to its average volume of 6,057,213. Canopy Growth has a 52-week low of $0.77 and a 52-week high of $11.95. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.52 and a quick ratio of 2.58. The company’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $2.41. The stock has a market cap of $238.11 million, a price-to-earnings ratio of -0.34 and a beta of 0.79.

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

Indivior stock traded down $0.13 during trading hours on Wednesday, reaching $11.58. 198,025 shares of the stock were exchanged, compared to its average volume of 1,268,858. The stock has a market cap of $1.60 billion, a P/E ratio of -33.07 and a beta of 0.98. The firm’s 50 day moving average is $9.87 and its 200 day moving average is $10.50. Indivior has a 52-week low of $7.33 and a 52-week high of $18.59.

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.

NASDAQ:GNLN traded down $0.00 during mid-day trading on Wednesday, reaching $0.01. The stock had a trading volume of 183,029,064 shares, compared to its average volume of 39,057,906. The business has a 50 day simple moving average of $0.31 and a 200 day simple moving average of $1.26. Greenlane has a twelve month low of $0.01 and a twelve month high of $21.80.