Welcome back to our weekly series where we discuss the top 5 hottest cannabis stocks for the week. We monitor the top 450 cannabis stocks in the sector and score the hottest cannabis stocks based on the 10 best technical indicators. So – what are the 5 hottest cannabis stocks this week?
Investor interest in the cannabis industry is growing at an immense rate, and the leading cannabis companies continue to break through legal barriers, especially in the United States. To date, 40 U.S. states legalized recreational and/or medical marijuana. Now, companies are starting to see the opportunity in cannabis cultivation, marketing, distribution, and technology.
What are the 5 Hottest Cannabis Stocks this Week?
1. Innovative Industrial Properties, Inc. (IIPR)
Innovative Industrial Properties, Inc. targets medical-use cannabis facilities for acquisition, including sale-leaseback transactions, with tenants that are licensed growers under long-term, triple-net leases.
IPR believes this industry is poised for significant growth in coming years, and our highly experienced management team is focused on being a creative capital provider to this industry through the long-term ownership of cultivators’ mission-critical facilities.
2. Curaleaf Holdings, Inc. (CURLF)
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) is a leading international provider of consumer products in cannabis with a mission to improve lives by providing clarity around cannabis and confidence around consumption. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf and Select, provide industry-leading service, product selection and accessibility across the medical and adult-use markets.
In the United States, Curaleaf currently operates in 23 states with 108 dispensaries, 22 cultivation sites and over 30 processing sites, and employs over 5,000 team members. Curaleaf International is the largest vertically integrated cannabis company in Europe with a unique supply and distribution network throughout the European market, bringing together pioneering science and research with cutting-edge cultivation, extraction and production.
3. Diego Pellicer Worldwide, Inc. (DPWW)
Diego Pellicer Worldwide, Inc. is the premium cannabis brand and retail development company. Working with the top design professionals including world-class architect Michael Rotondi, FAIA, and original Apple Store creative team member Jill Savini, Diego Pellicer Worldwide, Inc. is developing an industry changing, scalable model for cannabis retail. From store design to logos, retail operating manuals to management guidance from Diego Pellicer Worldwide, Inc. executives, licensed operators are provided a full suite of market-tailored tools to make their stores successful.
With just under two years in operations, Diego Pellicer branded retail locations in Seattle, Wash., and Denver, Colo., have experienced double- and triple-digit growth. The award-winning Denver store alone saw a 150% increase in gross revenue from Dec. 1, 2017, to Dec. 1, 2018.
4. CordovaCann Corp. (LVRLF)
CordovaCann Corp. (formerly LiveReel Media Corp.) is a Canadian-domiciled company focused on building a leading, diversified cannabis products business across multiple U.S. jurisdictions.
CordovaCann primarily provides services and investment capital to the processing and production vertical markets of the cannabis industry.
5. TerrAscend Corp. (TRSSF)
TerrAscend is a leading North American cannabis operator with vertically integrated operations in Pennsylvania, New Jersey, and California, licensed cultivation and processing operations in Maryland and licensed production in Canada. TerrAscend operates an award-winning chain of The Apothecarium dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities on both the East and West coasts.
TerrAscend’s best-in-class cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use market. The Company owns several synergistic businesses and brands, including The Apothecarium, Ilera Healthcare, Kind Tree, Prism, State Flower, Valhalla Confections, and Arise Bioscience Inc.
5 Hottest Cannabis Stocks this Week
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