These are my Top 3 Marijuana Stocks for 2018! I chose these 3 as the best marijuana stocks for 2018 because they are the current market leaders at the time of this recording. Canopy Growth, Aphria, and Aurora Cannabis are all making aggressive acquisitions, expanding, and breaking into new markets. I will outline all of these companies below.
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1. Canopy Growth Corp
– Biggest medical marijuana supplier in Canada in terms of revenue and market cap.
– The stock is up nearly 120% so far in 2017
– Major alcoholic beverage maker Constellation Brands announced in October that it was buying a 9.9% stake in Canopy Growth for $245 million
2. Aurora Cannabis
– One of the biggest suppliers of medical cannabis in Canada, with expansion plans for Australia and Germany
– This stock has had a great run, with gains of 237% year to date
– YOY rev growth of 39% reported for Q3
– In the process of acquiring CanniMed Therapeutics for $455M
– Aphria is up 170% since the beginning of this year, with a large spike recently
– GAME CHANGING exclusive agreement with retailer Shoppers Drug Mart
– Aphria has some of the lowest costs of production out of any of these 3 stocks
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