Usage of cannabis for medical or recreational use has been legalised in the recent years in a lot of countries. Cannabis or medical marijuana is estimated to reach $80 billion in the US alone by 2030, suggesting a massive opportunity for growth. Below are the list of best cannabis stocks to watch in 2022.
Aurora Cannabis
Aurora Cannabis, headquartered in Edmonton, Canada, produces and distributes medical cannabis products on a global level through a portfolio of brands that include Aurora, CanniMed, Daily Special, MedRelead, and San Rafeal’71. With a license for production facilities and sales, it provides patients access to safe, consistent and affordable medical cannabis, operating in 25 countries worldwide. Aurora Cannabis is one of the largest cannabis companies in the world by market capitalisation. It serves Canada, Europe and Australia and has a large number of subsidiaries within the same field. Products that it sells worldwide include cannabis oils, baked goods and sweets, softgels, and oral sprays and drops. Aurora Cannabis (ACB) stock is dual-listed on the Toronto Stock Exchange and Nasdaq.
Canopy Growth
Canopy Growth is a Canadian cannabis company based in Ontario. Established in 2013, it was previously known as Tweed Marijuana until it merged with Bedrocan in 2015 to form Canopy Growth. The company engages in the production, distribution and sale of marijuana for both medical and recreational purposes. It’s one of the largest cannabis companies in the world based on market capitalisation and annual revenue and serves a global consumer base. Canopy Growth stock is listed on the Toronto Stock Exchange and a constituent of the benchmark Canadian stock index, the S&P/TSX.
Tilray
Tilray is a Canadian pharmaceutical company that is a global leader in cannabis research, cultivation, processing and distribution. It was founded in 2013 and has headquarters in Nanaimo, Vancouver, also operating in Latin America, Australia, New Zealand, Germany and Portugal. Tilray’s range of products include cannabis in the form of oil, flowers, edibles, vape pens and pre-rolls. The company owns a number of regional subsidiaries under the Tilray brand, as well as Manitoba Harvest and High Park Company. In 2021, Tilray merged with fellow cannabis company Aphria, creating a new entity for the duo. Tilray stock is dual-listed on the Nasdaq and Toronto stock exchanges.
Hexo Corp
HEXO Corp is engaged in producing and selling cannabis and cannabis products. The company is focused on smoke-free and traditional cannabis products. The firm’s products include dried flowers, oils, and vapes. It generates its revenue from various sources such as Beverage Based Adult-Use Sales, Medical, Wholesale and International sales.The Hydropothecary Corp is in the business of producing, marketing and selling of medical marijuana through its indirect wholly-owned subsidiary. The product lines include H2, Decarb, and Elixir No. 1.
GW Pharmaceuticals
GW Pharmaceuticals, which was founded in the UK in 1998 by two biotechnology entrepreneurs, was the result of close collaboration with the United Kingdom Home Office and the Medicines and Healthcare products Regulatory Agency, which were instrumental in creating the necessary guidelines for license application and for the cannabinoids research conducted by GW Pharmaceuticals.
The company’s extensive growth is due in part to the development of an international communication network of leading scientists and the creation of a research group with extensive experience in the cannabinoid sector.
Cara Therapeutics
Cara Therapeutics is a U.S. bio-pharmaceutical company founded in 2004, which specialises in the distribution of products for the relief of acute and chronic pain and itching; its drug uses a new approach to pain management that primarily relies on kappa opioid receptors.
Cara Therapeutics is currently developing new products without same side effects of traditional pain medications, such as morphine, ibuprofen, and acetaminophen. In fact, the company’s goal is to use marijuana for pain management, working on cannabinoid receptors to influence patient’ reactions to pain and inflammation. This is why the company has developed an experimental cannabinoid drug, called CR701, which could prove very effective in treating chronic pain, without the addictive side effects typical of other pain relievers.
Cronos Group
Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia, and Australia to drive further international cultivation and distribution growth. In the U.S. the company directly sells hemp-derived CBD and has an option to acquire 10.5% of U.S. multistate operator PharmaCann.Cronos Group Inc is a diversified and vertically integrated cannabis company. It produces and sells legal marijuana in the Canadian medical market.
Cellular Goods
Cellular Goods PLC develops efficacy-led and research-backed cannabinoid products. The company is launching with two product brands covering distinct market segments: a face-mask and serum-containing synthetic CBD, and a topical athletic recovery gel roll-on product. These will be made available through partnerships with online and physical retailers and direct to consumers through the company’s website. It operates in the United Kingdom.
Sundial Growers
Sundial Growers Inc is engaged in producing and marketing cannabis for the adult-use market. Some of its products are Lemon Riot, Daydream, Zen Berry, Twilight, Tropical Bliss, Pillow Talk, Citrus Punch, and others. The company’s primary focus is on producing and distributing inhalable products and brands (flower, pre-rolls, and vapes). some of its brands include Sundial, Top Leaf, Palmetto, and Grasslands. Its three reportable segments: are cannabis operations, retail operations and investments.
GrowGeneration Corp
GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening.GrowGeneration Corp operates hydroponic and organic specialty gardening retail outlets in the United States. It sells products including organic nutrients and soil, advanced lighting technology, hydroponic and aquaponics equipment and other products.
