The Canada-listed marijuana stocks on our list have experienced strong recent returns, defying the sluggish sector performance so far this year
SmallCapPower | April 27, 2018:Â Most Canadian marijuana stocks have been weak YTD. The Horizons Marijuana Life Sciences index has declined 11% M/M and 24% YTD, and has underperformed the TSX-V, which declined 4% and 10% over the same periods. However, some companies entering the field, such as those marijuana stocks on our list today, have seen returns similar to the cannabis boom in 2017.
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Kaneh Bosm BioTechnology Inc. (CSE:KBB) – $0.65
Cannabis
Kaneh Bosm Biotechnology is a Canada-based, cannabis-focused company. KBB aims to acquire cannabis-related businesses, and also operates an engineering, procurement, and construction service for cannabis entrepreneurs. On April 6, the Company closed a $4M private placement. The Company formerly operated a BioCanna ADM automated cannabis retail kiosk system, but no longer has exclusive sales.
- Market Cap: $24.7 Million
- 1 Week Total Return: 4.8%
- 1 Month Total Return: 35.4%
- YTD Total Return: 58.5%
Leviathan Cannabis Group Inc. (CSE:EPIC) – $0.62
Cannabis
Leviathan Cannabis Group, formerly JH Morgan Resources, listed on the CSE on January 22. On March 14, the Company announced its name change to Leviathan Cannabis, and started trading as EPIC on April 11. The Company is focused on the cannabis sector, operating a marketing services agency and cannabis media platform.
- Market Cap: $30.7 Million
- 1 Week Total Return: 3.3%
- 1 Month Total Return: 25.3%
- Total Return since January 24, 2018: 84.8%
BlissCo Cannabis Corp. (CNSX:BLIS) – $0.47
Cannabis
BlissCo Cannabis is a Canada-based marijuana developer. BLIS began trading on the CSE on March 2, 2018 and completed a $5.6M private placement at $0.30/unit, including a $3.0M equity investment from Supreme Cannabis Company (TSXV:FIRE) shortly thereafter. The Company received their Cannabis Cultivation License under the ACMPR on April 2 and plans to open a production facility in Metro Vancouver.
- Market Cap: $46.3 Million
- 1 Week Total Return: 8.1%
- 1 Month Total Return: 5.7%
- YTD Total Return: -27.4%
Crop Infrastructure Corp. (CNSX:CROP) – $0.59
Cannabis
Crop Infrastructure, formerly FTY Fortify, re-listed on the CSE on March 13. The Company aims to construct, lease, and operate mega greenhouse cannabis projects, and is currently constructing one such facility in Moses Lake, Washington. On April 6, the Company announced a $4M private placement at $0.40/share.
- Market Cap: $39.9 Million
- 1 Week Total Return: -6.3%
- 1 Month Total Return: -13.2%
- YTD Total Return: 63.9%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.