As the first half of 2019 comes to a close we decided to take a look back and rank the biggest winners so far. With cannabis stocks in the midst of another correction, we can officially close the book on this latest market rally.
The cannabis market has been somewhat predictable over the past few years. The market tends to perform very well at the end of the summer and into the fall before rolling over and selling off to finish the year. The market then picks back up at the start of the new year and runs strong into April before rolling over once again as the “Sell in May and Go Away” phenomenon takes hold.
Will history repeat itself again? It’s very possible so it may be a good idea to put some cash aside to go bargain hunting with over the summer.
Now, let’s countdown the top 20 performers of the first half of 2019. These stocks have shown the ability to make major market moves so you may want to add them to your summer shopping watchlist and keep an eye on them over the next few months.
Without further delay, here is our list:
20. Charlotte’s Web Holdings Inc. (CSE: CWEB) (OTCQX: CWBHF)
- 2019 open: $15.39
- 2019 high: $33.77
- ROI: 119.43%
19. Innovative Industrial Properties Inc. (NYSE: IIPR)
- 2019 open: $44.95
- 2019 high: $99.87
- ROI: 122.18%
18. Cronos Group Inc. (TSX: CRON) (NASDAQ: CRON)
- 2019 open: $13.97
- 2019 high: $32.95
- ROI: 135.86%
17. Organigram Holdings Inc. (TSXV: OGI) (NASDAQ: OGI)
- 2019 open: $4.79
- 2019 high: $11.30
- ROI: 135.91%
16. The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF)
- 2019 open: $2.45
- 2019 high: $5.81
- ROI: 137.14%
15. Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF)
- 2019 open: $0.34
- 2019 high: $0.82
- ROI: 141.18%
14. Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF)
- 2019 open: $1.49
- 2019 high: $3.60
- ROI: 141.61%
13. HEXO Corp. (TSX: HEXO) (NYSE-A: HEXO)
- 2019 open: $4.61
- 2019 high: $11.29
- ROI: 144.90%
12. Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF)
- 2019 open: $6.40
- 2019 high: $15.75
- ROI: 146.09%
11. Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF)
- 2019 open: $1.46
- 2019 high: $3.75
- ROI: 156.85%
10. Eve & Co Incorporated (TSXV: EVE) (OTCQB: EEVVF)
- 2019 open: $0.24
- 2019 high: $0.63
- ROI: 162.50%
9. 48North Cannabis Corp. (TSXV: NRTH) (OTCPK: NCNNF)
- 2019 open: $0.62
- 2019 high: $1.69
- ROI: 172.58%
8. Harvest One Cannabis Inc. (TSXV: HVT) (OTCQX: HRVOF)
- 2019 open: $0.40
- 2019 high: $1.15
- ROI: 187.50%
7. Valens GroWorks Corp. (CSE: VGW) (OTCQB: VGWCF)
- 2019 open: $1.53
- 2019 high: $4.90
- ROI: 220.26%
6. Terra Tech Corp. (OTCQX: TRTC)
- 2019 open: $0.56
- 2019 high: $1.88
- ROI: 235.71%
5. Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF)
- 2019 open: $0.165
- 2019 high: $0.72
- ROI: 336.36%
4. MediPharm Labs Corp. (TSXV: LABS) (OTCQX: MEDIF)
- 2019 open: $1.68
- 2019 high: $7.39
- ROI: 339.88%
3. Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE)
- 2019 open: $2.98
- 2019 high: $16.47
- ROI: 452.68%
2. Village Farms International Inc. (TSX: VFF) (NASDAQ: VFF)
- 2019 open: $4.26
- 2019 high: $24.25
- ROI: 469.25%
1. TransCanna Holdings Inc. (CSE: TCAN) (OTCPK: TCNAF)
- 2019 open: $0.88
- 2019 high: $7.79
- ROI: 785.23%
* Percent gain was calculated using the 2019 open price and the intraday YTD high.
Charts source: Barchart
2019’s #1 Stock Pick | New Cannabis IPO Coming Soon
Move over Canopy. The world’s largest cannabis company is set to IPO in less than 30 days.
Get the full details here so you don’t miss out on the next potential 10 bagger.
Read More:
Featured ArticlesCannabis Stock NewsCannabis Industry ArticlesTechnical Analysis ArticlesWatch Cannabis Stock Videos