Investor euphoria in the cannabis sector reached a fever pitch this week as pot stocks went parabolic, producing gains of up to 238.89% in a span of just 3 days
With federal legalization in the U.S. inching closer to becoming a reality, money is pouring into the cannabis market like never before, and as a result, pot stocks have already seen astonishing YTD 2021 gains of up to 359.37%, 694.78% and 945.71%
It’s official; the American Cannabis Boom 2.0 is in full flight as major market catalysts in the form of U.S. federal marijuana reforms appear imminent. Following the recent meeting between marijuana stakeholders and key U.S. Senators, which saw the group take the first formal step towards creating new federal cannabis legislation, investors are piling into pot stocks at a rate that dwarfs 2018.
The sense of FOMO in the cannabis sector is palpable, as marijuana stocks across the board, including some companies with zero stake in the U.S. market, went parabolic this week.
A rare mixture of FOMO and euphoria saw many surprise pot stocks post some of the week’s biggest gains, such as MedMen (CSE: MMEN) (OTCQX: MMNFF) (FRA: 0JS), WeedMD (TSXV: WMD) (OTCQX: WDDMF) (FRA: 4WE) and Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), which posted stunning gains of up to +945.71%, +280.77% and +263.64%.
However, for the smart money cannabis investors looking to play the U.S. reform catalyst, previously deceased cannabis stocks like these are simply one night stands. Hit it, quit it and get the hell out of there before the dust settles.
While the best Canadian Licensed Producers (LPs), like Canopy Growth (TSX: WEED) (NASDAQ: CGC) (FRA: 11L1), Aphria (TSX: APHA) (NYSE: APHA) (FRA: 10E) and Tilray (NASDAQ: TLRY) (FRA: 2HQ), do offer some exposure to the United States industry, there’s only one proper pureplay option for investors looking to give themselves the maximum exposure to what will arguably be the greatest investment opportunity of our lifetime, the end of federal prohibition in American.
Ultimately, investors want to be positioned in the best U.S. Multi-State Operators (MSOs) if they want to get the largest return on this once in a lifetime opportunity. Also, you’ll likely want to have a stake in the cannabis pharma sector now that big pharma has officially entered the game. A good basket of the best U.S. pot stocks, with the most upside, could look something like this:
- Red White & Bloom (CSE: RWB) (OTCQX: RWBYF)
- Trulieve (CSE: TRUL) (OTCQX: TCNNF)
- Green Thumb (CSE: GTII) (OTCQX: GTBIF) (FRA: R9U2)
- Curaleaf (CSE: CURA) (OTCQX: CURLF)
- Cresco Labs (CSE: CL) (OTCQX: CRLBF)
- Ayr Strategies (CSE: AYR.A) (OTCQX: AYRSF)
Also, consider adding a top ancillary play or two, as someone has to supply all the growing material, lights, hydroponics and real estate. Here are three great ancillary options:
- Scotts Miracle-Gro (NYSE: SMG) (FRA: SCQA)
- GrowGeneration (NASDAQ: GRWG)
- Innovative Industrial Properties (NYSE: IIPR) (FRA: 1IK)
Use this as your starting point and do your own due diligence via the links and resources provided below.
With that said, here are this week’s biggest gainers as well as the year-to-date 2021 top-performing Cannabis Stocks.
1. MedMen (CSE: MMEN) (OTCQX: MMNFF) (FRA: 0JS)
- 2021 Open: $0.175
- Close 05/02/21: $0.54
- Weekly High: $1.83
- 1-Week Max Gain: +238.89%
- YTD Max Gain: +945.71%
Learn more about MedMen: Website | IR Website | Investor Deck | MMEN Chart
2. Sundial Growers (NASDAQ: SNDL) (FRA: 14K)
- 2021 Open: $0.48
- Close 05/02/21: $1.13
- Weekly High: $3.96
- 1-Week Max Gain: +250.44%
- YTD Max Gain: +725.0%
Learn more about Sundial Growers: Website | IR Website | Investor Deck | SNDL Chart
3. Tilray (NASDAQ: TLRY) (FRA: 2HQ)
- 2021 Open: $8.43
- Close 05/02/21: $25.72
- Weekly High: $67.00
- 1-Week Max Gain: +160.5%
- YTD Max Gain: +694.78%
Learn more about Tilray: Website | IR Website | Investor Deck | TLRY Chart
4. Organigram (TSX: OGI) (NASDAQ: OGI) (FRA: 0OG)
- 2021 Open: $1.70
- Close 05/02/21: $2.98
- Weekly High: $8.00
- 1-Week Max Gain: +168.46%
- YTD Max Gain: +370.59%
Learn more about Organigram: Website | IR Website | Investor Deck | OGI Chart
4. Aphria (TSX: APHA) (NYSE: APHA) (FRA: 10E)
- 2021 Open: $8.91
- Close 05/02/21: $21.28
- Weekly High: $40.93
- 1-Week Max Gain: +92.34%
- YTD Max Gain: +359.37%
Learn more about Aphria: Website | IR Website | Investor Deck | APHA Chart
6. WeedMD (TSXV: WMD) (OTCQX: WDDMF) (FRA: 4WE)
- 2021 Open: $0.26
- Close 05/02/21: $0.53
- Weekly High: $0.99
- 1-Week Max Gain: +86.79%
- YTD Max Gain: +280.77%
Learn more about WeedMD: Website | IR Website | Investor Deck | WMD Chart
7. Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1)
- 2021 Open: $0.165
- Close 05/02/21: $0.30
- Weekly High: $0.60
- 1-Week Max Gain: +100.0%
- YTD Max Gain: +263.64%
Learn more about Supreme Cannabis: Website | IR Website | Investor Deck | FIRE Chart
8. HEXO Corp. (TSX: HEXO) (NYSE: HEXO) (FRA: 74H)
- 2021 Open: $4.70
- Close 05/02/21: $9.95
- Weekly High: $14.00
- 1-Week Max Gain: +40.7%
- YTD Max Gain: +197.87%
Learn more about HEXO: Website | IR Website | Investor Deck | HEXO Chart
9. Acreage Holdings (CSE: ACRG.A.U) (OTCQX: ACRGF) (FSE: 0VZ)
- 2021 Open: $3.04
- Close 05/02/21: $7.26
- Weekly High: $8.97
- 1-Week Max Gain: +23.55%
- YTD Max Gain: +195.07%
Learn more about Acreage Holdings: Website | IR Website | Investor Deck | ACRG.A.U Chart
10. Canopy Rivers (TSX: RIV) (OTC: CNPOF)
- 2021 Open: $1.20
- Close 05/02/21: $2.46
- Weekly High: $3.48
- 1-Week Max Gain: +41.46%
- YTD Max Gain: +190.0%
Learn more about Canopy Rivers: Website | IR Website | Investor Deck | RIV Chart
11. FSD Pharma (NASDAQ: HUGE) (CSE: HUGE)
- 2021 Open: $1.61
- Close 05/02/21: $2.19
- Weekly High: $4.44
- 1-Week Max Gain: +102.74%
- YTD Max Gain: +175.78%
Learn more about FSD Pharma: Website | IR Website | Investor Deck | HUGE Chart
12. Aleafia Health (TSX: AH) (OTCQX: ALEAF) (FRA: ARAH)
- 2021 Open: $0.47
- Close 05/02/21: $0.89
- Weekly High: $1.28
- 1-Week Max Gain: +43.82%
- YTD Max Gain: +172.34%
Learn more about Aleafia Health: Website | IR Website | Investor Deck | AH Chart
13. Red White & Bloom (CSE: RWB) (OTCQX: RWBYF)
- 2021 Open: $0.77
- Close 05/02/21: $1.50
- Weekly High: $2.00
- 1-Week Max Gain: +33.33%
- YTD Max Gain: +159.74%
Learn more about Red White & Bloom: Website | IR Website | Investor Deck | RWB Chart
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14. Ignite International (CSE: BILZ) (OTCQX: BILZF) (FRA: 2L0)
- 2021 Open: $0.58
- Close 05/02/21: $1.09
- Weekly High: $1.44
- 1-Week Max Gain: +32.11%
- YTD Max Gain: +148.28%
Learn more about Ignite: Website | IR Website | Investor Deck | BILZ Chart
15. cbdMD (NYSE American: YCBD)
- 2021 Open: $2.96
- Close 05/02/21: $4.88
- Weekly High: $6.83
- 1-Week Max Gain: +39.96%
- YTD Max Gain: +130.74%
Learn more about cbdMD: Website | IR Website | Investor Deck | YCBD Chart
16. Cronos Group (TSX: CRON) (NASDAQ: CRON) (FRA: 7CI)
- 2021 Open: $8.81
- Close 05/02/21: $15.31
- Weekly High: $20.08
- 1-Week Max Gain: +31.16%
- YTD Max Gain: +127.92%
Learn more about Cronos Group: Website | IR Website | Investor Deck | CRON Chart
17. Canopy Growth (TSX: WEED) (NASDAQ: CGC) (FRA: 11L1)
- 2021 Open: $31.60
- Close 05/02/21: $54.76
- Weekly High: $71.60
- 1-Week Max Gain: +30.75%
- YTD Max Gain: +126.58%
Learn more about Canopy Growth: Website | IR Website | Investor Deck | WEED Chart
18. Aurora Cannabis (TSX: ACB) (NYSE: ACB) (FRA: 21P)
- 2021 Open: $10.78
- Close 05/02/21: $16.35
- Weekly High: $24.10
- 1-Week Max Gain: +47.4%
- YTD Max Gain: +123.56%
Learn more about Aurora: Website | IR Website | Investor Deck | ACB Chart
19. Neptune Wellness (TSX: NEPT) (NASDAQ: NEPT) (FRA: NTU)
- 2021 Open: $2.04
- Close 05/02/21: $2.84
- Weekly High: $4.55
- 1-Week Max Gain: +60.21%
- YTD Max Gain: +123.04%
Learn more about Neptune Wellness: Website | IR Website | Investor Deck | NEPT Chart
20. Charlottes Web (TSX: CWEB) (OTCQX: CWBHF)
- 2021 Open: $4.34
- Close 05/02/21: $6.31
- Weekly High: $8.88
- 1-Week Max Gain: +40.73%
- YTD Max Gain: +104.61%
Learn more about Charlotte’s Web: Website | IR Website | Investor Deck | CWEB Chart
21. Village Farms (TSX: VFF) (NASDAQ: VFF) (FRA: 02V)
- 2021 Open: $13.04
- Close 05/02/21: $19.27
- Weekly High: $25.78
- 1-Week Max Gain: +33.78%
- YTD Max Gain: +97.7%
Learn more about Village Farms: Website | IR Website | Investor Deck | VFF Chart
22. 22nd Century Group (NYSE American: XXII)
- 2021 Open: $2.20
- Close 05/02/21: $3.01
- Weekly High: $4.28
- 1-Week Max Gain: +42.19%
- YTD Max Gain: +94.55%
Learn more about 22nd Century: Website | IR Website | Investor Deck | XXII Chart
23. SOL Global (CSE: SOL) (OTCPK: SOLCF) (FRA: 9SB)
- 2021 Open: $2.63
- Close 05/02/21: $4.01
- Weekly High: $5.00
- 1-Week Max Gain: +24.69%
- YTD Max Gain: +90.11%
Learn more about SOL Global: Website | IR Website | Investor Deck | SOL Chart
24. Cresco Labs (CSE: CL) (OTCQX: CRLBF)
- 2021 Open: $12.76
- Close 05/02/21: $18.52
- Weekly High: $22.20
- 1-Week Max Gain: +19.87%
- YTD Max Gain: +73.98%
Learn more about Cresco Labs: Website | IR Website | Investor Deck | CL Chart
25. Trulieve (CSE: TRUL) (OTCQX: TCNNF)
- 2021 Open: $39.26
- Close 05/02/21: $58.99
- Weekly High: $67.45
- 1-Week Max Gain: +14.34%
- YTD Max Gain: +71.8%
Learn more about Trulieve: Website | IR Website | Investor Deck | TRUL Chart
26. Green Thumb (CSE: GTII) (OTCQX: GTBIF) (FRA: R9U2)
- 2021 Open: $29.40
- Close 05/02/21: $42.17
- Weekly High: $49.66
- 1-Week Max Gain: +17.76%
- YTD Max Gain: +68.91%
Learn more about GTI: Website | IR Website | Investor Deck | GTII Chart
27. GrowGeneration (NASDAQ: GRWG)
- 2021 Open: $40.81
- Close 05/02/21: $58.14
- Weekly High: $67.75
- 1-Week Max Gain: +16.53%
- YTD Max Gain: +66.01%
Learn more about GrowGeneration: Website | IR Website | Investor Deck | GRWG Chart
28. TerrAscend (CSE: TER) (OTCQX: TRSSF)
- 2021 Open: $12.99
- Close 05/02/21: $18.19
- Weekly High: $20.50
- 1-Week Max Gain: +12.7%
- YTD Max Gain: +57.81%
Learn more about TerrAscend: Website | IR Website | Investor Deck | TER Chart
29. Ayr Strategies (CSE: AYR.A) (OTCQX: AYRSF)
- 2021 Open: $30.25
- Close 05/02/21: $40.36
- Weekly High: $47.14
- 1-Week Max Gain: +16.8%
- YTD Max Gain: +55.83%
Learn more about Ayr Strategies: Website | IR Website | Investor Deck | AYR.A Chart
30. Planet 13 (CSE: PLTH) (OTCQX: PLNHF)
- 2021 Open: $7.15
- Fri Close: $7.80
- Weekly High: $10.88
- 1-Week Max Gain: +39.49%
- YTD Max Gain: +52.17%
Learn more about Planet 13: Website | IR Website | Investor Deck | PLTH Chart
31. Curaleaf (CSE: CURA) (OTCQX: CURLF)
- 2021 Open: $15.50
- Close 05/02/21: $20.25
- Weekly High: $23.30
- 1-Week Max Gain: +15.06%
- YTD Max Gain: +50.32%
Learn more about Curaleaf: Website | IR Website | Investor Deck | CURA Chart
32. Creso Pharma (ASX: CPH) (OTC: COPHF) (FRA: 1X8)
- 2021 Open: $0.18
- Close 05/02/21: $0.21
- Weekly High: $0.27
- 1-Week Max Gain: +28.57%
- YTD Max Gain: +50.0%
Learn more about Creso Pharma: Website | IR Website | Investor Deck | CPH Chart
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Red White & Bloom and Creso Pharma are clients of The Cannabis Investor. The Cannabis Investor holds a position in RWB.
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