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The Best Cannabis Stocks to Buy According to our AI Quant Models

Sep 20, 2018

  • Marijuana stocks are in the early stages of their business cycles, so high growth and high valuations are to be expected. 
  • Arena Pharmaceuticals (ARNA), Auxly Cannabis Group (XLY), Corbus Pharmaceuticals Holdings (CRBP), and Hexo Corporation (HEXO) are all considered ‘expensive' marijuana stocks, with high LTM price/sales multiples despite negative or flat top-line revenue growth last year.
  • Newstrike Brands Ltd (HIP), Scandinavian Tobacco Group (STG), 22nd Century Group (XXII), and British American Tobacco (BATS), are all considered ‘cheap’cannabis stocks, with high top-line revenue growth last year and low or moderate LTM price/sales multiples. 
  • Of the four marijuana stocks considered ‘cheap’, two are rated ‘Top Buy’ in our Global Top Picks. 

Source: Capital IQ