best cbd companiesDecember 15, 2021
Just like Jazz Pharmaceuticals plc (NASDAQ: JAZZ), Tilray, Inc. (NASDAQ: TLRY), Cresco Labs Inc. (OTC: CRLBF), and Curaleaf Holdings, Inc. (OTC: CURLF), OrganiGram Holdings Inc. (NASDAQ: OGI) is one of the best CBD stocks to invest in according to market analysts.
Just like Jazz Pharmaceuticals plc (NASDAQ: JAZZ), Tilray, Inc. (NASDAQ: TLRY), Cresco Labs Inc. (OTC: CRLBF), and Curaleaf Holdings, Inc. (OTC: CURLF), Sundial Growers Inc. (NASDAQ: SNDL) is one of the best CBD stocks to invest in according to market analysts.
Canadian medical cannabis and cannabinoid producer Tilray, Inc. (NASDAQ: TLRY) is another notable marijuana stock analysts are bullish about. The stock has gained 94% year to date and 10% in the last five days. In May, Jefferies analyst Owen Bennett upgraded Tilray, Inc. (NASDAQ: TLRY) to a Buy rating and increased the firm's price target to $23 per share. According to the analyst, following its merger with Ontario-based medical marijuana producer Aphria Inc., the marijuana firm is now among the most prominent leaders in the Canadian industry. It also has potential in the US market. On July 27, Cantor Fitzgerald analyst Pablo Zuanic maintained an Overweight rating on Tilray, Inc. (NASDAQ: TLRY) and a price target of $19 per share.
10. OrganiGram Holdings Inc. (NASDAQ: OGI)
Innovative Industrial Properties, Inc. (NYSE: IIPR) ranks 6th on the list of 10 best CBD stocks to invest in. The San Diego-based company is a real estate investment trust (REIT) that manages medicinal cannabis facilities in the United States.
On July 2, analyst Andrew Rosivach of Wolfe Research began coverage of Innovative Industrial Properties, Inc. (NYSE: IIPR) with an Outperform rating and $249 per share price target. The stock has gained 9% in the previous month as the company declared a quarterly dividend increase of 6.1% to $1.40 per share, up from $1.32 previously.
The company has a market cap of $1.51 billion. In the first quarter of 2021, Sundial Growers Inc. (NASDAQ: SNDL) had an EPS of -0.00, beating estimates by Number of Hedge Fund Holders: 13..01. The company's gross cannabis revenue was $11.75 million in the first quarter, down 29% year over year. Sundial Growers Inc. (NASDAQ: SNDL) has gained over 72% year to date.
Click to continue reading and see the 5 Best CBD Stocks to Invest In.
We start our list of the 10 best CBD stocks to invest in cannabis producer OrganiGram Holdings Inc. (NASDAQ: OGI). The Canadian weed company manufactures medical and recreational cannabis and CBD products. OrganiGram Holdings Inc. (NASDAQ: OGI) owns a 14-acre facility where the company grows its cannabis.
Let's now look at the 10 best CBD stocks to invest in.
The company has a market cap of $771 million. In the third quarter of 2021, OrganiGram Holdings Inc. (NASDAQ: OGI) had an EPS of -Number of Hedge Fund Holders: 8..01, beating estimates by OrganiGram Holdings Inc. (NASDAQ: OGI) stock increased 2.38% in the last five days after the cannabis company published solid Q3 results, including a 31% increase in gross revenue and a 13% increase in net revenue year over year. On July 14, CIBC analyst John Zamparo reiterated a Neutral rating on OrganiGram Holdings Inc. (NASDAQ: OGI) and increased the price target to C$4 per share from C$3.75 previously..02. The company's third-quarter revenue was $16.24 million, beating revenue estimates by $2.89 million. The stock has gained 94% in the last twelve months.
8. Sundial Growers Inc. ( NASDAQ: SNDL )
In May, Cantor Fitzgerald analyst Charles Duncan maintained an Overweight rating on Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) and increased the price target to $8 per share from $6 previously. According to the analyst, Zygel, the company's transdermal CBD medication is headed to a more recognizable path to being used as a medication for Autism Spectrum Disorder and Fragile X Syndrome.
The company has a market cap of $779 million. In the first quarter of 2021, Village Farms International, Inc. (NASDAQ: VFF) an EPS of -In this article, we will take a look at the 10 best CBD stocks to invest in. You can skip our comprehensive analysis of the cannabidiol market, and industry outlook for 2021 and go directly to the 5 Best CBD Stocks to Invest In ..06, missing estimates by -Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) ranks 9th on the list of 10 best CBD stocks to invest in. The Pennsylvania-based clinical-stage pharmaceutical firm develops transdermal CBD medications for chronic neuropsychiatric disorders..04. The company's revenue for the first quarter came in at $52.6 million, beating revenue estimates by $1.13 million. The stock has gained 61% in the past twelve months.
By the end of the first quarter of 2021, 6 hedge funds out of the 866 tracked by Insider Monkey held stakes in Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) worth roughly $3.47 million.
On July 20, ATB Capital analyst David Kideckel upgraded Sundial Growers Inc. (NASDAQ: SNDL) to a Sector Perform from Underperform and increased the price target to The company has a market cap of $187 million. In the first quarter of 2021, Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) had an EPS of -Number of Hedge Fund Holders: N/A..20, beating estimates by New York is now among the 18 states in the US that legalized recreational marijuana after Governor Andrew Cuomo signed the bill on March 31. According to Viridian Capital Advisors, New York be the most significant cannabis market on the East Coast, with sales expected to reach $1.9 billion by 2025..05. At the end of the first quarter, the company had cash of $93.1 million, up from $59.2 million in the fourth quarter of 2020. Shares of Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) increased 37% year to date..80 per share from The company has a market cap of $5.1 billion. In the second quarter of 2021, Innovative Industrial Properties, Inc. (NYSE: IIPR) had an EPS of $1.05, beating estimates by By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in Sundial Growers Inc. (NASDAQ: SNDL) worth roughly $18.8 million. This is compared to 2 hedge funds in the previous quarter with stakes worth about $2.72 million..09. The company's first-quarter revenue came in at $42.8 million, increasing 103% year over year and beating estimates by $1.22 million. The company acquired four properties in the second quarter in Pennsylvania, Michigan, and Massachusetts. As of July 6, Innovative Industrial Properties, Inc. (NYSE: IIPR) owned and leased 72 medical marijuana facilities across 18 states in the US. Shares of Innovative Industrial Properties, Inc. (NYSE: IIPR) increased 17% in the last three months..50 previously, after the company closed its CA$131 million acquisition of cannabis retailer Inner Spirit Holdings Ltd. Shares of Sundial Growers Inc. (NASDAQ: SNDL) increased 1.14% in the previous five days.
Just like Jazz Pharmaceuticals plc (NASDAQ: JAZZ), Tilray, Inc. (NASDAQ: TLRY), Cresco Labs Inc. (OTC: CRLBF), and Curaleaf Holdings, Inc. (OTC: CURLF), Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) is one of the best CBD stocks to invest in according to market analysts.
Should You Invest in CBD Stocks?
Number of Hedge Fund Holders: 7.
Village Farms International, Inc. (NASDAQ: VFF) ranks 7th on the list of 10 best CBD stocks to invest in. The Canadian company grows different plant-based products in its vertically integrated greenhouse facility in Delta, Canada. Village Farms International, Inc. (NASDAQ: VFF) operates cannabis and hemp business through its subsidiary Pure Sunfarms.
To pick the best CBD stocks for this article, we took into account fundamentals, analyst ratings, future outlook and hedge fund sentiment for some of the most notable CBD stocks in the world. Why pay attention to hedge fund sentiment? Insider Monkey's research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and May 29, 2021, our monthly newsletter's stock picks returned 206.8%, vs. 91% for the SPY. Our stock picks outperformed the market by more than 115 percentage points ( see the details here ). That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.
On July 14, Senate Majority Leader Chuck Schumer, Senate Finance Committee Chairman Ron Wyden, and Sen. Cory Booker advocated eliminating cannabis from the Controlled Substances Act, causing US and Canadian cannabis stocks to rise. If passed, the bill would make it easier for private cannabis companies to go public in the United States, either by giving banks more leniency or ending the prohibition of marijuana. Meanwhile, President Joe Biden said that he backed decriminalizing marijuana but that more research on its long-term effects is needed before it could be legalized.
With the increase of sales, legalization, and medical and recreational benefits, the cannabis industry has proven its resilience and managed to grow in the face of the COVID-19 pandemic. As a result, there is a growing market for cannabidiol compounds. Cannabidiol, or CBD in short, is a constituent of the cannabis plant developed for medical use as it is not psychoactive, meaning it doesn't get people high. In 2020, the CBD market reached approximately $14.9 billion in sales in the US.
On July 21, Stifel analyst Andrew Partheniou maintained a Buy rating on Village Farms International, Inc. (NASDAQ: VFF) and increased the stock's price target to C$22.50 per share from C$22 previously. The stock has gained 5.04% in the last five days. Earlier this month Pure Sunfarms obtained license approval from Health Canada for its 1.1 million square ft Delta 2 cannabis facility, bringing its total cultivation capacity to 1.65 million square ft. Shares of Village Farms International, Inc. (NASDAQ: VFF) increased 5.04% in the last five days.
Charlotte’s Web uses a combination of CO2 and isopropyl alcohol extraction techniques. It’s unclear why this brand doesn’t simply stick to CO2 extraction, which is cleaner and more reliable.
Instead of linking to lab reports on product pages, Bluebird provides them all on a single page, making it difficult to access the report you’re looking for. This brand breaks its third-party lab results into multiple sections, making the process a bit more confusing.
Ethanol extraction is inferior to CO2 extraction.
At the same time, CBDistillery’s website is remarkably responsive and well-designed, and it’s populated with elegant, convincing content. CBDistillery is certainly one of the nation’s biggest CBD companies, which has forced this brand to be reasonably accountable.
Any CBD brand that’s been around for more than eight years carries plenty of clout. While the Bluebird Botanicals website was relatively cluttered, it contained plenty of useful information, and this brand is highly transparent regarding where it sources its hemp and how it produces its products.
Let’s wrap up with some answers to common CBD questions:
If you don’t feel noticeable effects from that dosage, increase your dose by 5mg to 10mg of CBD every 2 to 3 days to find your optimal dosage.
Charlotte’s Web makes it difficult to access lab reports for its products. You have to input the lot number for your product, which is only available on the product’s outer packaging. If you’re trying to look at their lab reports to help determine if you want to purchase over another brand, you won’t be able to.
As a result, CBD does not make you feel high. On the contrary, this cannabinoid usually produces a mild, non-intoxicating sense of relaxation.
In 2020, cbdMD received NSF International Good Manufacturing Practice (GMP) registration. This certification confirms that cbdMD’s production facilities adhere to the latest cGMP standards. cbdMD is also a member of the U.S. Hemp Roundtable.
When testing out the products, we did notice them to be effective which is why it landed on this list.
If you’re looking for quality CBD for the price, this is probably the best option. In terms of effectiveness when compared to other brands, it is one of the best.
Nuleaf uses CO2 to extract its CBD, further improving our impression of this brand. T his brand uses a type of full-spectrum oil called winterized CBD, which is more raw than refined.
Spruce CBD products contain full-spectrum CBD extract. It appears that this brand’s extract is winterized crude, not distillate.
Nuleaf Naturals doesn’t provide information regarding any certifications this brand might hold.
Carbon dioxide is widely recognized as the safest extraction solvent for hemp. As a result, brands that use CO2 extraction received high scores while brands that use butane, ethanol, or acetone extraction were penalized.
If you read the label and don’t see any acknowledgment of “Cannabidiol” or “CBD,” then it’s not CBD oil.
No, hemp oil is not the same as CBD oil and if you’re looking to purchase CBD oil and come across “hemp oil” online, on Amazon, or in a store, then make sure to read the label.
Let’s start with a brief overview of the brands we chose. We’ll provide details on why we chose these brands as we proceed:
At present, there are no official guidelines regarding how much CBD you should take. Since this cannabinoid is non-toxic, non-intoxicating, and non-addictive, however, feel free to experiment as you determine which CBD dose is right for you.
3. Best Full-Spectrum: Nuleaf Naturals.
Both the 5-HT1A and TRPV1 receptors are involved in the sensation of pain. This year, researchers published a new study regarding the potential analgesic and anti-inflammatory properties of CBD, and efforts are ongoing to determine the exact analgesic potential of this non-intoxicating cannabinoid.
This oil includes CBD, minor traces of other cannabinoids such as CBG and CBN, along with terpenes and flavonoids.
Most of the products Bluebird Botanicals offers include full-spectrum CBD. In contrast with Nuleaf, Bluebird uses distillation to remove impurities like chlorophyll from its CBD oil.
That’s how we learned that sometimes, you need to take a look at reviews from actual customers to determine the quality of a CBD product. We’ll be honest, however, not even customer reviews are perfect.
What is Full Spectrum CBD Oil?
Colorado Botanicals uses CO2 extraction to produce its broad-spectrum CBD oil products. Using an advanced distillation process that leaves terpenes intact while removing all traces of THC, Colorado Botanicals produces high-quality broad-spectrum distillate.
Entourage Effect, or Whole Plant Extract, is the term used to describe multiple plant compounds working together synergistically. This synergistic effect increases multiple receptor channels’ activity to enhance the benefits of cannabis or CBD oil.
Here’s a brief summary of the best and worst aspects of Lazarus Naturals:
Toward the start of our guide, we provided some basic information on how we chose the criteria we used to grade each of the brands we examined. Then, with each brand review, we provided more detail on what made particular brands stand out and receive high grades.