Aphria produces, grows, and markets primarily medical cannabis products. Its medical cannabis is 100% greenhouse grown, allowing its plants to benefit from natural sunlight. The Canadian company’s products include oils, softgels, oral sprays, and cartridges. Aphria is in the process of merging with Tilray Inc. to create the world’s largest cannabis company by pro forma revenue. Aphria also trades in the U.S. under APHA.
TerrAscend is an integrated Canadian cannabis company offering products for both medical and recreational use. The company has a portfolio of business including: Arise Bioscience Inc., a manufacturer and distributor of hemp products; The Apothecarium, a cannabis dispensary; and Ilera Healthcare, a medical marijuana cultivator, processor, and distributor; as well as others.
#2 Canopy Growth Corp. (WEED.TO)
Fire & Flower Holdings, through its subsidiary Fire & Flower Inc., operates an independent retail store selling cannabis products for recreational use. The company's digital platform, Hifyre, connects consumers with a range of cannabis products. Fire & Flower has dozens of retail locations throughout Alberta, Manitoba, Ontario, Saskatchewan, and Yukon.
#7 TerrAscend Corp. (TER.CX)
Village Farms International is a greenhouse grower that sells a variety of produce to grocers in the U.S. and Canada. The Canada-based company operates a cannabis business through its wholly-owned subsidiary, Pure Sunfarms. It has established a joint venture called Village Fields Hemp USA, LLC, to cultivate hemp and extract CBD for sale in the U.S. Village Farms International also trades in the U.S. under VFF.
This is a stark contrast to what's happening up north. Canada legalized medical marijuana in 2001, leading to a greater evolution of the industry in the country. Consider how the laws have been changing in the Great White North. Canada's House of Commons passed the Cannabis Act (Bill C-45) in November 2017 to legalize the recreational use of marijuana. And in June 2018, it received the Royal Assent (formal approval of an act by a monarch).
1. Canopy Growth
Penny stocks may carry a significantly higher risk component.
This company calls itself one of the lowest-cost producers of marijuana. Aphria (APHA) produces dry cannabis as well as cannabis oil of varying qualities and strengths. The stock surged in December 2017 after the company announced it struck a deal to sell its products through the website of Shoppers Drug Mart—a major Canadian pharmacy chain. The stock is up 10% year-to-date.
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