With the year wrapping up INN takes a look at the top gaining cannabis stocks per Canadian exchange.
The growth of the cannabis space has given investors plenty of opportunities for major returns. With 2017 being a particularly establishing year for the industry, many investors have celebrated the developments of the industry as a whole.
With 2017 coming to an end, here the Investing News Network (INN) takes a closer look at the top cannabis stocks when it comes to gains. The figures collected for this article were taken from Google Finance, from the start of the trading year or a particular company’s public launch until market closure on Dec. 14.
Read below to find out about the top gaining stocks in each Canadian exchange and a collection of honorable mentions.
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Canopy Growth (TSX:WEED)
Canopy is still the largest cannabis producer in Canada and arguably the biggest cannabis company right now. This year they provided steady developments with new deals including an investment from Constellation Brands (NYSE:STZ), the alcohol producer behind the Corona beer. This partnership will begin working on potential new cannabis-infused drinks.
During 2017 Canopy’s market cap vacillated between one and two billion. Over a year-to-date period, the company’s share price saw a 113.68 percent growth.
The Hydropothecary Company (TSXV:THCX)
This company started publicly trading on the TSX Venture exchange in March. During the year the Hydropothecary faced some issues with a product recall, due to products testing positive for small amounts of myclobutanil, a pesticide, in them.