The plant-based cannabinoid products market is growing steadily which is great news for the consumers, the producers and the savvy investors. There’s only one direction the CBD oil stocks are going at the moment and that is up. If you’re interested in investing in CBD here are the most promising stocks.
GW Pharmaceuticals (GWPH)
GW Pharmaceuticals is as solid as they come in terms of CBD oil stocks to buy now and hold for many years. The British-based company has been in the prescription cannabinoid drugs market for 20 years. And it success so far is unparalleled. Its multiple sclerosis treatment nabiximols, sold under the brand name Sativex, was the first cannabis-based natural drug to gain approval anywhere in the world. The company’s other cannabis-based star product, Epidiolex, was approved by the FDA in 2018 to treat epilepsy. That’s not all. At present, GW Pharmaceuticals is working on other cannabinoid products to treat autism, schizophrenia and Rett syndrome. GWPH has a market cap of over $4 billion and the transaction volume sits at 350,000 shares per day.
The Canadian-based company is one of the most important players on the cannabis-derived therapeutic products. And it success so far is unparalleled. Environmentally-focused, Aphria operates a 1,100,000 sq ft greenhouse in Ontario with an output of 110,000 kg of cannabis per year. As of 2018, it also owns Broken Coast Cannabis Inc, which produces 4,500 kg of cannabis annually.
Besides its two medical brands, Aphria and Broken Coast, the company is also into adult-use recreational cannabis-based products. With three leading producers, Riff, Solei and Good Supply. APHA is one of the best CBD stocks under $5 to invest in right now. In 2019, the company had a $174 million total revenue. At present, it has an impressive average trade volume of 3.4 million shares per day.
Village Farms International (VFF)
Village Farms International is one of the largest greenhouse operators in North America. And has made a name for itself as a supplier of premium cannabis to the US and Canada markets. It has recently made the news with the acquisition of Pure Sunfarms, Canada’s premier cannabis supplier. Transaction that will allow Village Farms International to gain a leading position on the US market. The company’s CBD stock has a market cap of $288 million. And a transaction volume of over 1 million shares a day.
GrowGeneration started as a hydroponic supplies company. And its success so far is unparalleled. They were number 1 in the US market. In recent years GrowGeneration has invested heavily in the cannabis market. Over the past three years, its stock has seen an aggressive 844% growth. Its cannabis stock has a $849 million market cap and trades some 1.7 million shares per day. There’s only one direction the CBD oil stocks are going at the moment and that is up.
Neptune Wellness Solutions (NEPT)
The Canadian-based company is one of the major players on the hemp-derived products market. And it success so far is unparalleled. With a wide range of essential oils, tinctures and CBD edibles. It operates a huge cannabis processing facility in Quebec and a hemp processing plant in North Carolina. If you’re looking for opportunities to invest in CBD oil stocks. Neptune Wellness Solutions is one of the main suppliers on the market. With a market cap of $206 million and an average daily trading volume of 948,000 shares.