What are the TOP 10 most profitable cannabis companies? The results may surprise you. While there are some obvious top rankings, there are some less-than-usual suspects in the TOP 10 list. This will help you learning the best cannabis stocks to buy now. While it is very likely you have heard of the #1 Most Profitable cannabis stock, I wonder if you’ve ever heard of #2? These cannabis stocks are the ones you need to keep track of. This is what will separate you from the herd as you look for the next great opportunity. I have ranked the TOP 10 Most profitable cannabis stocks in order based upon EBTIDA profitability versus total shares outstanding. The reason is simple: Not many cannabis companies are net profitable yet. So, EBIDTA would be the next step.
EBITDA profitability is a useful indicator for companies. For cannabis stocks, this is a very important milestone. Getting to this level means all of the pieces are starting to click together and that net profitability is just around the corner. I have over 350 different cannabis stocks I follow and scrutinize for investment. BY comparing all of these cannabis companies to each other, I can get a better sense of whether a company is better positioned versus another. The companies that successfully get to EBITDA profitability first potentially could outpace other companies in the race of cannabis dominance.
What is important to keep in mind is that a lot of the Canadian companies started at the very same time. Therefore, if one company outpaces another to get to EBITDA profitability, or Net Profitability, then this tells us information. Perhaps the respective companies took different paths with product matrixes or took on different approaches to building up infrastructure. So, if a company does get to this level first versus another company, this could prove vital to the long-term success of one company versus the other.
EBITDA, (Earnings Before Interest, Taxes, Depreciation, and Amortization) by definition, is a metric that shows a company’s profits before certain deductions. Keeping tabs on this number will show how close a company is to becoming Net Income and Free Cash Flow positive. Comparing two companies with the same starting points but very different debt levels shows how one company may be more profitable versus another in the future. This may also show how the debt load will affect the profitability of a company.
Which Cannabis Stocks Are The Best Buy?
I broke this listing down with EBITDA versus total shares. Effectively, it is another version of EPS just with the “E” standing for EBITDA. By comparing on a per-share basis, it takes away the heavyweights that may have earned a large number but relatively small on a scale. Also, we invest on a per-share basis and are focused on earnings per share. EBITDA is a direct connection to that.
Looking through the listing below you can see who’s actually winning the race. I have about 135 companies on the list. Only 17 are EBITDA positive with another 42 at $0.00. The companies at $0.00 are companies you should keep an eye on when you are looking for companies to target for possible acquisition.
I would use this listing to see what kind of growth rate each respective cannabis company is printing. Consistency is important. If a company is printing consistently solid and increasing EBITDA profits it may be that they are on the verge of also printing positive Earnings Per Share, and this may be the nudge to get a lot of these stocks moving higher.
Cannabis Stocks to Watch
This listing is broken down by the latest quarter’s results. Not only should you be keeping an eye on the leaders but you should also be keeping a sharp eye on toward those that are just about to break above. Also, simply because any one particular stock did not make the very top of the list may be because of just one quarter’s results. This could be an opportunity for someone astute looking for overlooked data points. Do your due diligence.
Here are the TOP 10 most profitable cannabis stocks by EBITDA versus total shares outstanding:
- Trulieve – $TCNNF: $1.05
- Plant Based Investments – $CWWBF: $0.35
- Curaleaf – $CURLF: $0.33
- GAIA – $GAIA: $0.27
- TerrAscend – $TRSSF: $0.26
- Cresco Labs – $CRLBF: $0.18
- GTEC Holdings – $GGTTF: $0.09
- Green Thumb Industries – $GTBIF: $0.07
- Harborside – $HBORF: $0.05
- MariMed – $MRMD: $0.03
TOP 10 Most Profitable Cannabis Stocks
|2||CWWBF||Plant Based Investments||$0.35|
|8||GTBIF||Green Thumb Industries||$0.07|
|17||NXGWF||Next Green Wave Holdings||$0.01|
|18||PLNHF||Planet 13 Holdings||$0.01|
|25||KGKG||Kona Gold Holdings||$0.00|
|28||SARSF||Canada House Wellness Group||$0.00|
|30||FLWPF||The Flowr Corporation||$0.00|
|31||EMHTF||Emerald Health Therapeutics||$0.00|
|32||INSHF||Inner Spirit Holdings||$0.00|
|33||FFLWF||Fire & Flower Holdings||$0.00|
|35||GLDFF||Golden Leaf Holdings||$0.00|
|39||GTII||Global Tech Industries Group||$0.00|
|40||RWBYF||Red White & Bloom Brands||$0.00|
|41||ZYNE||Zynerba Pharmaceuticals, Inc.||$0.00|
|43||IGC||India Globalization Capital Inc||$0.00|
|49||ACNNF||Auscann Group Holdings||$0.00|
|60||LVCNF||Leviathan Natural Products||$0.00|
|66||NLVVF||New Leaf Ventures||-$0.01|
|70||SNDL||Sundial Growers Inc.||-$0.01|
|72||HRVOF||harvest One Cannabis||-$0.01|
|75||SEHCF||Sweet Earth Holdings||-$0.01|
|78||CVGRF||City View Green Holdings||-$0.01|
|79||CPIVF||Captiva Verde Land Corp||-$0.01|
|82||SPLIF||Nutritional High International||-$0.01|
|84||TGODF||Green Organic Dutchman||-$0.02|
|86||WCEXF||World Class Extractions||-$0.02|
|88||DLTNF||Delta 9 Cannabis||-$0.02|
|89||GBHPF||Global Hemp Group||-$0.02|
|94||VLNCF||The Valens Company||-$0.02|
|96||CBDNF||CBD Global Sciences||-$0.02|
|102||KHRNF||Khiron Life Sciences||-$0.03|
|105||SPBBF||Speakeasy Cannabis Club||-$0.04|
|106||EVRRD||Molecule Holdings Inc||-$0.04|
|107||ETST||Earth Science Tech||-$0.04|
|109||FLOOF||Flower One Holdings||-$0.05|
|113||VFF||Village Farms International, In||-$0.06|
|116||TLRY||Tilray, Inc. - Class 2||-$0.07|
|117||HRVSF||Harvest Health & Recreation||-$0.08|
|121||OGI||Organigram Holdings Inc.||-$0.10|
|122||EEVVF||Eve & Co||-$0.11|
|123||ACB||Aurora Cannabis Inc.||-$0.12|
|124||NEPT||Neptune Wellness Solutions Inc.||-$0.12|
|126||ITHUF||iAnthus Capital Holdings||-$0.15|
|127||CURR||Cure Pharmaceutical Holding||-$0.19|
|129||SHWZ||Medicine Man Technologies||-$0.21|
|130||IMCC||IM Cannabis Corp||-$0.25|
|133||VREOF||Vireo Health International||-$0.26|
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