The cannabis sector continued its volatility this week as investors weigh current fundamentals against the sector’s longer-term outlook.
The AdvisorShares Pure U.S. Cannabis ETF MSOS fell about 3.7% this week and the Global X Cannabis ETF POTX fell more than 6% this past week but rose more than 2% during Friday’s session.
TheStreet’s ETFFocus discussed how hot marijuana stocks have been to start the year and pointed out the performance of four cannabis ETFs in 2021.
If you’re looking for the best stocks to invest in in the cannabis sector, TheStreet’s Debra Borchardt shared her top stock picks in the cannabis sector for 2021 at the beginning of the year.
For more in-depth coverage of the cannabis sector including buy and sell recommendations and investment strategies, subscribe to read Borchardt on Real Money.
Here is a list of the cannabis stocks to watch and their performance from this past week by the percentage change at the close of trading on Feb. 19.
Tilray TLRY | Declined -0.5%
Tilray (TLRY) – Get Tilray, Inc. Report reported a net loss of $3 million, or 2 cents per share, on revenue that rose 20.5% year-over-year to $56.6 million. A year ago, the company reported a net loss of $219.8 million, or $2.14 per share.
Analysts polled by FactSet were expecting a loss of 14 cents per share on sales of $56 million.
Hexo Corp. | Increased +8.2%
Hexo undefined shares leaped on Tuesday after the cannabis company said it had agreed to acquire Zenabis Global (ZBISF) in a deal valued at about C$235 million, or about US$185.3 million.
Aurora Cannabis | Decreased -2.4%
Aurora Cannabis (ACB) – Get Aurora Cannabis Inc. Report Miguel Martin sat down with TheStreet to discuss his company’s second-quarter results last week.
TheStreet Quant Ratings rates Aurora Cannabis Inc. as a Sell with a rating score of D-.
Aphria Inc | Increased +19.5%
Aphria (APHA) – Get Aphria Inc Report jumped nearly 20% on no news this week as the stock benefitted from Tilray’s quarterly beat more than the company itself did.
Trulieve Cannabis Corp. | Flat
Trulieve is one of James “RevShark” DePorre’s favorite cannabis stocks in the sector.
TheStreet Quant Ratings doesn’t have a rating for Trulieve Cannabis.
Village Farms | Increased +4.8%
Village Farms (VFF) – Get Village Farms International, Inc. Report is one of the top choices of our Real Money experts as retail investors continued to throw money at the Canadian names listed.
TheStreet Quant Ratings rates Village Farms as a Hold with a rating score of C-.
GW Pharma | Flat
GW Pharmaceuticals (GWPH) – Get GW Pharmaceuticals PLC Sponsored ADR Report is up over 46% since it was purchased by Jazz Pharmaceuticals
TheStreet Quant Ratings rates GW Pharma as a Sell with a rating score of D+.
Cronos Group | Increased +2.16%
Cronos Group (CRON) – Get Cronos Group Inc Report will report its quarterly financials this upcoming Friday. Bruce Kamich looked at the charts of Cronos Group earlier this month and saw a bullish picture.
TheStreet Quant Ratings rates Cronos Group as a Hold with a rating score of C.
Canopy Growth Corp. | Decreased -4.66%
Canopy Growth (CGC) – Get Canopy Growth Corporation Report shares jumped more than 5% in Friday’s session and the company is still a favorite of Jim Cramer in the cannabis sector.
But that wasn’t enough to bring the stock into positive territory for the week.
TheStreet Quant Ratings rates Canopy Growth Corp as a Hold with a rating score of C.
NOTE: Recently, Quantitative Analysis by TheStreet Quant Ratings objectively rated these stocks according to its risk-adjusted total return prospect over a 12-month investment horizon. Not based on the news on any given day, the rating may differ from Jim Cramer’s view or that of this articles’ author.