Cannabis Stocks To Follow Now – November 8th

Trulieve Cannabis, SHF, and Tilray Brands are the three Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies involved in growing, processing, distributing, or selling cannabis and cannabis-related products. Their value can be affected by factors such as regulations, market demand, and the companies’ financial performance. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Trulieve Cannabis (TRLV)

Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, California, Massachusetts, Connecticut, Pennsylvania, and West Virginia, as well as directly to patients through home delivery.

NYSE:TRLV traded up $0.64 during mid-day trading on Friday, hitting $11.54. 1,550,714 shares of the stock traded hands, compared to its average volume of 1,293,329. The firm’s 50-day moving average is $11.21. The company has a market cap of $2.22 billion and a P/E ratio of 104.90. Trulieve Cannabis has a 12-month low of $4.62 and a 12-month high of $13.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.98 and a current ratio of 5.94.

SHF (SHFS)

SHF Holdings, Inc., through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.

Shares of SHFS stock traded down $0.00 on Friday, reaching $0.03. The company’s stock had a trading volume of 655,835,714 shares, compared to its average volume of 154,822,256. The company has a market capitalization of $14,149.40, a P/E ratio of -0.00 and a beta of 1.01. SHF has a 12-month low of $0.02 and a 12-month high of $29.04. The stock’s 50 day simple moving average is $1.02 and its 200-day simple moving average is $5.48.

Tilray Brands (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

Shares of NASDAQ TLRY traded up $0.11 during midday trading on Friday, hitting $2.92. 4,428,100 shares of the company’s stock were exchanged, compared to its average volume of 4,784,904. Tilray Brands has a 12-month low of $2.48 and a 12-month high of $15.70. The company has a current ratio of 1.88, a quick ratio of 1.11 and a debt-to-equity ratio of 0.17. The company has a market cap of $431.54 million, a price-to-earnings ratio of -2.09 and a beta of 2.04. The business’s fifty day moving average price is $3.59 and its two-hundred day moving average price is $5.34.