Click Here to see the most recent top cannabis stocks for year.

Although this year has been difficult for cannabis investments in general, some stocks of cannabis have been able post solid returns.

Below, the 11 Ways to Make Money goes through the top cannabis stocks for the year.

The data for this article on top cannabis stocks was collected October 15, 2021. Companies included in the analysis had to have a minimum market capital requirement of C$10,000,000. Companies that are cannabis companies on the NYSE and NASDAQ, TSXV, TSXV, CSE, and TSX were all considered.

1. Captor Capital (CSE CPTR)

Year to date gain: 333.33 Percent; current market cap at C$64.07 Million; current share price C$1.29

Captor Capital, a cannabis investment firm, is looking for opportunities in the US market, especially California. The state has 10 dispensaries managed by the company.

The net loss of the company was significantly lower than the prior year's quarter. Captor Capital reported a gross profit of US$1.9million, a 56 percent increase over the previous fiscal year.

Captor Capital CEO John Zorbas stated that growth comes with expenses and normal challenges, but that he was able to overcome these hurdles with great confidence.

2. MedMen Enterprises (CSE:MMEN,OTCQX:MMNFF)

Year to date gain: 83.33%; market cap: C$377.26 millions; share price: C$0.33

MedMen Enterprises, a multi-state cannabis operator, has dispensaries in six states. The company also handles branded cannabis products.

The company has been in the spotlight for investors as part of a convoluted stake deal with Tilray (NASDAQ:TLRY,TSX:TLRY). According to Tom Lynch, CEO, MedMen will see a significant increase in revenue from the deal with Tilray.

Lynch stated, "MedMen 2.0 has arrived and we are delighted to embark on our next stage of the journey."

3. Indiva (TSXV:NDVA,OTCQX:NDVAF)

Year to date gain: 59.26%; current market cap C$47.9million; current share price C$0.43

Indiva, a Canadian cannabis company, oversees a range of branded products on the Canadian recreational market. The company also manages Wana gummies and Bhang chocolate products as part of exclusive agreements.

The company received an additional C$8.5million funding injection from Sundial Growers, (NASDAQ:SNDL), and also adjusted its existing non-revolving loan facility with the cannabis producer. In Indiva's latest quarterly financial report. Niel Marotta is the president and CEO of Indiva. He said that the company is at a turning point, based on organic growth and a wide range of cannabis products.

4. Organigram Holdings (NASDAQ,TSX:OGI),

Year to date gain: 49.46%; market cap: C$875.03 millions; share price: C$2.78

Organigram Holdings, a Canadian licensed producer with a New Brunswick location, has products that are available all across Canada.

The company's last quarter was a busy one as it appointed Beena Goldenberg, a new CEO, to replace Greg Engel who was fired earlier in the year. Goldenberg was previously the Supreme Cannabis Company's executive leader.

Goldenberg stated that she is committed to creating high-quality products and strong brands, as well as continuing innovation at Organigram.

5. Innovative Industrial Properties (NYSE:IIPR)

Year to date gain: 34.68%; current market capital: US$6.37billion; current share price C$239.05

Innovative Industrial Properties is an investment trust company that focuses on real estate in the US.

The company strengthened its presence in New York, Missouri, and Maryland during the quarter.

The company reported net income of US$29million in its Q2 financial report. This was due in part to an increase of 101 percent in revenues for the quarter compared to the previous year. Innovative Industrial Properties also managed to pay a quarterly dividend in July of $1.40 per share.

Takeaway for investors

Cannabis investors look for brighter days in the future. These may be possible next year, but 2021 is still a difficult year.

Reassurance was provided by the Q3 period regarding how important the US market opening will be to the entire industry.

It's easy to lose sight of the meteoric rise, fall, and impact cannabis has experienced over the past twelve months," Nawan Yett, portfolio manager at Purpose Investments said. But if you look at it year-over-year, it is still in an even better place than it was.

11 ways to make money

Want more details? These articles provide more information about 11 Ways to Make Money.

• Cannabis Investment: Canadian Cannabis Stocks
• TSX Cannabis Stocks: Invest in Cannabis
• Cannabis Companies: Stocks on TSXV
• CSE Marijuana Stocks
• Can Canadian Marijuana Stocks be a Good Investment?

You want to know more about investing in cannabis stocks. Check out Investing In The Cannabis Industry.

Securities Disclosure : Bryan Mc Govern has no direct investment in any company mentioned.

By: Bryan Mc Govern
Title: Top Cannabis Stocks Year-to-Date
Sourced From: investingnews.com/daily/cannabis-investing/top-cannabis-stocks-year-date/
Published Date: Thu, 04 Nov 2021 20:30:15 +0000

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