Marijuana and your Portfolio
Adding Cannabis to your portfolio can really turbo charge your returns in the near term. The marijuana industry encompasses companies that support, research, develop, distribute, and sell marijuana for medical and recreational use. Cannabis is starting to become more and more widely accepted and has become legalized in more and more different countries, provinces, and jurisdictions for recreational, medical, and other purposes. Some of the largest companies in the marijuana industry include Canopy Growth Corp. (CGC), Cronos Group Inc. (CRON), and Tilray Inc. (TLRY). Many large marijuana companies have suffered significant net losses when they focused on investing in profit-promoting equipment.
Cannabis solutions to consider:
These are marijuana stocks with variable price-to-sales (P/S) ratio of the past 12 months. For an unprofitable young company, you can get an idea of how much business you can get for every dollar invested.
Neptune Wellness Solutions Inc.
Neptune Wellness Solutions is a versatile and fully integrated healthcare company. The company specializes in the production of industrial cannabis and hemp, various pets and supplements, and other herbal and herbal remedies. Headquartered in Canada, Neptune operates manufacturing and laboratory facilities in Canada and mining and processing facilities in North Carolina. NEPT has a P/S ratio of 4.26
Village Farms International Inc.
Village Farms International is a Canadian agricultural producer. The company not only grows standard vegetables such as tomatoes, peppers, and cucumbers but also produces cannabis. The company distributes fresh produce in over 9 million square meters of greenhouses (CEA) in Canada and the United States. VFF has a P/S ratio of 6.40.
NIC (EGOV) provides solutions and services to help governments use the Internet to provide a variety of services to citizens and businesses. The company provides digital government services, websites, and secure payment management. One of the technology platforms aims to help government regulate the marijuana industry. The company has helped approximately 5,500 federal, state, and local governments deliver digital services across the United States. EGOV P/S ratio is 5.05
OrganiGram Holdings Inc.
OrganiGram (OGI) Holdings is a licensed medical and recreational marijuana manufacturer in Canada. The company offers dried cannabis oil and cannabis through various subsidiaries. The portfolio includes the OrganiGram medical brand and Edison Cannabis Co. Includes adult leisure brands, Trail Blazer, and ANKR Organics. OGI P/S ratio is 9.14
AYR Strategies Inc.
AYR Strategies is a vertically integrated cannabis operator in several states. Growing and producing cannabis products for distribution through retail chains and third-party stores. The company produces 17,000 kg of cannabis per year. The AYR strategy announced that the CannTech acquisition should be completed at the end of December PA of $57.4 million. CannTech is a licensed cannabis operator. The acquisition includes 143,000 square meters of land planting and processing facilities.