Canadian Marijuana Stocks: A Look at the Past Year's Biggest Winners and Losers – SmallCapPower (press release)

Save Article An exciting year has led to juicy returns for most Canadian marijuana stocks

David Bar | May 11, 2017 | SmallCapPower: It has been an eventful last year and a bit for the marijuana industry in Canada and specifically for Canadian marijuana stocks. Since Justin Trudeau was elected in the fall of 2015, there has been a surge of optimism and investor interest in the space. With stock prices soaring into the thousands of percent over the past year, I wanted to take some time to review which companies have performed the best and the worst from a stock performance standpoint. The following list (Table 1) is comprised of not just producers and applicants, but also companies that offer marijuana services and other products, however, it is not completely inclusive.

Table 1: Marijuana Industry Stock Performance

Source: Data pulled from Thomson Reuters Eikon

Largest Gainer

When you first look at this table you can see that there are some impressive returns. Considering that this is a large portion of the marijuana-related companies that currently trade on Canadian exchanges, if you simply picked a couple last year, chances are that you are sitting on a nice return.

From this table it is easy to pick out that International Cannabis Corp. (TSXV: ICC) has been the largest winner from a stock performance standpoint. After completing its qualifying transaction last year and commencing trading on the TSXV on November 29, 2016, ICC has positioned itself as the largest licensed producer in South America, being the first recreational marijuana producer to list on the TSXV.

With an MOU signed with Emblem to import CBD products into Canada, 270kg of recreational cannabis currently in stock, and the sale of recreational cannabis in Uruguay commencing in July 2017, I wouldn’t be surprised

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