Top Cannabis Stocks To Consider – November 6th

SHF, Trulieve Cannabis, 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 that grow, process, distribute, or sell cannabis and related products, or provide services to the cannabis industry. Investors may use them to gain exposure to the sector, but their value can be especially sensitive to changing laws, regulations, and market volatility. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

SHF (SHFS)

SHF Holdings, Inc., through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.

Shares of SHFS stock traded down $0.00 on Friday, reaching $0.02. 524,144,450 shares of the company’s stock traded hands, compared to its average volume of 17,003,768. SHF has a 12-month low of $0.02 and a 12-month high of $29.04. The company has a market capitalization of $13,176.00, a P/E ratio of -0.00 and a beta of 1.01. The business’s 50 day moving average price is $1.05 and its two-hundred day moving average price is $5.55.

Trulieve Cannabis (TRLV)

Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, California, Massachusetts, Connecticut, Pennsylvania, and West Virginia, as well as directly to patients through home delivery.

Trulieve Cannabis stock traded up $0.33 during mid-day trading on Friday, hitting $11.22. The company’s stock had a trading volume of 450,629 shares, compared to its average volume of 977,652. The stock’s 50 day moving average is $11.20. The firm has a market cap of $2.16 billion and a P/E ratio of 101.32. The company has a current ratio of 5.94, a quick ratio of 3.98 and a debt-to-equity ratio of 0.45. Trulieve Cannabis has a 52-week low of $4.62 and a 52-week high of $13.28.

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 TLRY traded up $0.01 during trading hours on Friday, reaching $2.81. The company’s stock had a trading volume of 1,740,997 shares, compared to its average volume of 4,272,357. The company has a 50 day moving average of $3.63 and a two-hundred day moving average of $5.37. The company has a quick ratio of 1.11, a current ratio of 1.88 and a debt-to-equity ratio of 0.17. Tilray Brands has a 1-year low of $2.48 and a 1-year high of $15.70. The firm has a market cap of $416.03 million, a price-to-earnings ratio of -2.00 and a beta of 2.04.