Best Cannabis Stocks To Follow Today – July 17th

Incannex Healthcare, Indivior, Innovative Industrial Properties, Tilray Brands, Turning Point Brands, Gibraltar Industries, and Canopy Growth are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are publicly traded shares of companies involved in the cannabis industry, including cultivation, processing, distribution and ancillary services such as biotechnology, retail and equipment suppliers. By investing in these equities, market participants gain exposure to the growing medical and recreational marijuana markets, with stock performance largely driven by regulatory changes, consumer demand and evolving public attitudes toward cannabis. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Incannex Healthcare (IXHL)

Incannex Healthcare Inc., a clinical stage pharmaceutical development company, engages in the research, development, and sale of medicinal cannabinoid and psychedelic pharmaceutical products and therapies. It develops products for the treatment of obstructive sleep apnoea (OSA), traumatic brain injury (TBI) and concussion, lung inflammation (ARDS, COPD, asthma, bronchitis), rheumatoid arthritis, inflammatory bowel disease, anxiety disorders, addiction disorders, pain, and other indications.

Shares of Incannex Healthcare stock traded down $0.03 during midday trading on Thursday, hitting $0.36. The company’s stock had a trading volume of 57,127,137 shares, compared to its average volume of 19,562,430. The firm has a market capitalization of $10.45 million, a P/E ratio of -0.29 and a beta of 7.47. The stock has a 50-day simple moving average of $0.22 and a 200-day simple moving average of $0.86. Incannex Healthcare has a 1-year low of $0.08 and a 1-year high of $3.12.

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

Shares of Indivior stock traded up $0.20 during midday trading on Thursday, hitting $15.80. The company’s stock had a trading volume of 812,862 shares, compared to its average volume of 1,225,976. The firm has a market capitalization of $2.18 billion, a P/E ratio of -50.95 and a beta of 0.65. The stock has a 50-day simple moving average of $13.39 and a 200-day simple moving average of $11.46. Indivior has a 1-year low of $7.33 and a 1-year high of $15.91.

Innovative Industrial Properties (IIPR)

Shares of Innovative Industrial Properties stock traded down $0.74 during midday trading on Thursday, hitting $53.26. The company’s stock had a trading volume of 160,233 shares, compared to its average volume of 319,538. The firm has a market capitalization of $1.49 billion, a P/E ratio of 10.24 and a beta of 1.69. The stock has a 50-day simple moving average of $56.19 and a 200-day simple moving average of $61.31. The company has a quick ratio of 10.73, a current ratio of 10.73 and a debt-to-equity ratio of 0.15. Innovative Industrial Properties has a 1-year low of $45.44 and a 1-year high of $138.35.

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.

TLRY traded up $0.02 during trading on Thursday, reaching $0.62. 12,064,695 shares of the stock traded hands, compared to its average volume of 31,145,563. The stock has a market cap of $625.04 million, a price-to-earnings ratio of -0.59 and a beta of 1.82. Tilray Brands has a fifty-two week low of $0.35 and a fifty-two week high of $2.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.62 and a quick ratio of 1.61. The stock’s 50-day simple moving average is $0.46 and its two-hundred day simple moving average is $0.69.

Turning Point Brands (TPB)

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.

TPB traded down $0.55 during trading on Thursday, reaching $79.09. 89,284 shares of the stock traded hands, compared to its average volume of 198,447. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 34.72 and a beta of 0.75. Turning Point Brands has a fifty-two week low of $34.78 and a fifty-two week high of $82.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.42 and a quick ratio of 2.64. The stock’s 50-day simple moving average is $74.02 and its two-hundred day simple moving average is $65.55.

Gibraltar Industries (ROCK)

Gibraltar Industries, Inc. manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.

NASDAQ ROCK traded up $0.66 during trading on Thursday, hitting $63.37. 67,119 shares of the company traded hands, compared to its average volume of 234,258. Gibraltar Industries has a 12 month low of $48.96 and a 12 month high of $81.90. The business has a fifty day simple moving average of $60.25 and a 200 day simple moving average of $59.74. The company has a market capitalization of $1.87 billion, a P/E ratio of 14.55 and a beta of 1.32.

Canopy Growth (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.

NASDAQ CGC traded up $0.02 during trading on Thursday, hitting $1.12. 1,893,722 shares of the company traded hands, compared to its average volume of 6,595,862. Canopy Growth has a 12 month low of $0.77 and a 12 month high of $8.65. The business has a fifty day simple moving average of $1.40 and a 200 day simple moving average of $1.54. The company has a current ratio of 3.12, a quick ratio of 2.10 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $205.02 million, a P/E ratio of -0.28 and a beta of 0.73.