VFF - NASDAQ-Listed Marijuana Stocks Tilray Canopy Aurora Rally: What's Behind The Surge? | Benzinga
The Canadian cannabis sector is witnessing a notable upswing, driven by recent developments including Tilray's (NASDAQ: TLRY) earnings report, Organigram's investor day (NASDAQ: OGI) and pivotal movements by Canopy Growth (NASDAQ: CGC) and Aurora Cannabis (NASDAQ: ACB).
Senior analyst Pablo Zuanic from Zuanic & Associates offered a high-level primer without investment opinions, highlighting key market dynamics and potential future shifts.
Meet Pablo Zuanic at the upcoming Benzinga Cannabis Capital Conference in Florida, next April 16 and 17, 2024, at The Diplomat Beach Resort. Get your tickets now on bzcannabis.com – Prices will increase very soon!
Industry Tailwinds And Investment Landscape
Recent legislative changes in Canada, Germany and the U.S. have positively impacted Canadian Licensed Producers (LPs), with several stocks doubling in the past month.
Despite this, liquidity issues in cannabis persist. Zuanic believes the most successful companies could significantly increase their market value, though they currently remain valued at about 2 to 3 times their sales, despite recent price increases.
"Given the poor liquidity of the US MSOs, with stocks like Green Thumb (OTC: GTBIF) and Trulieve (OTC: TCNNF) only trading $5-6 million a day and being the most 'liquid', several Canadian LP stocks are ...