Cannabis watchlist: INSD, TLRY, CGC, XXII, MJ, TAP


Companies on our watchlist may include pharmacies, cannabis-focused real estate, accessory manufacturers, cannabis pharmaceuticals, breeders, and companies with important cannabis business relationships.

Instadose Pharma Corp. (OTCMKTS: INSD) is committed to establishing a large outdoor cultivation, cultivation and worldwide distribution program for its medicinal cannabis and cannabinoid oil. It would gain global access to a new wholesale market worldwide through its global distribution platform. By establishing joint ventures around the world, Instadose Pharma aims to provide sustainable, consistent, and safe, affordable supplies of high quality medical cannabis and to establish cannabinoid oil manufacturing facilities for the wholesale market.

Tilray, Inc. (NASDAQ: TLRY) The stock continues to trade in a range after its recent decline. Level. The stock rose 0.30% on Friday to $ 10.93. More than 24.06 million shares were traded compared to an average volume of 20.40 million shares. The stock is trading over 64% off its 52-week low and just 83% off its 52-week high.

Canopy Growth Corporation (NASDAQ: CGC) The stock ended 1.38% lower, closing at $ 12.18 with more than 10.29 million shares, compared to an average volume of 5.66 million shares. Earlier this month, Canopy Growth Corp. announced a negative gross margin for the final quarter, which shows how far the cannabis company will have to go to be profitable.

22nd Century Group Inc. (NASDAQ: XXII) Stocks saw value buying at a lower level. The stock was down 1.40% on Friday to $ 2.86. More than 2.37 million shares were traded compared to an average volume of 1.48 million shares. The stock is trading over 130% off its 52-week low and just 58% off its 52-week high.

Molson Coors Beverage Company (NASDAQ: TAP) The stock ended 1.31% lower to close at $ 45.91 with more than 1.06 million shares compared to an average volume of 1.57 million shares. Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally.

ETFMG Alternative Harvest ETF (NASDAQ: MJ) The stock ended slightly lower, closing at $ 13.14 with more than 1.31 million shares compared to their average volume of 1.22 million shares. While cannabis-related ETFs were down for much of the year, that news was enough to get them up into double digits in the week of November 8th.

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