Top 10 Highest Grossing Cannabis Stocks

What are the highest grossing cannabis stocks? Better yet, why is that important?  Here is a listing of about 125 different pure-play cannabis companies and their respective gross margins from total revenues versus cost-of-goods.  There are always some surprises in these listings, a listing that is actually very popular.  Using this list you can start sorting out which cannabis companies are outperforming others.

What are gross margins for highest grossing cannabis stocks?

Gross margins are broken down showing how much revenue was generated by the company during a period of time and how much it cost to produce the products sold.  It is simple mathematics that gives us a percentage.  The higher the percentage, the better performing a company is for the highest grossing cannabis stocks

Basically, if you have a company that produced a pre-roll and they sold it for $10.00, what did it cost to grow the product, roll it, and package it?  This is what gross margins show us.  At the same time, there is another cost, that being total operating costs, the costs for running the business outside of producing the product.  You would find Sales, General, and Administrative (SG&A) in this metric.  How much is the rent?  How much is the advertising costs?  That shows up below the first portion of the financial statements.

This listing deals only with the cost of goods versus revenues.

Comparisons for highest grossing cannabis stocks

If you think this through, it starts to make sense as to why this metric is so important.  For instance, let’s say the consumer market feels that a $10.00 pre-roll is about right.  If three separate companies each make a pre-roll and these can sell for $10.00, but the gross margins are significantly different, this may allow for more profits going to one company versus another.

If three different companies, Company A, Company B, and Company C, each had 50%, 60%, and 70% gross margins respectively, then this means Company A keeps $5.00 of the sale, Company B keeps $6.00, and Company C keeps $7.00.  The rest of the revenue went to the costs of making these pre-rolls.  In general, Company C would be far more preferred.  However, there are other things that factor into whether or not the top company on this Complete List of Top 100 Cannabis Companies is a buy.  This is just one metric for consideration.

The list

I have about 350 cannabis companies on my radar in one form or another.  I have listed about 100 of these below.  These highest grossing cannabis stocks companies are consistent in reporting their financial statements are mostly pure-play cannabis stocks; with some minor exceptions.  However, what we find is a lack of consistency with reporting in cannabis companies.

For instance, you may get some companies that had to write down inventory due to not being able to sell some products.  This is a problem with cannabis stocks.  After the flower is harvested it is dried all the way down to 15% hydration level.  If a cannabis flower sits around too long, it starts to lose that 15% level.  Once that happens, it needs to be destroyed.  This will affect margins because it goes against cost-of-goods.

Because of that, some companies may have reported solid revenues for the quarter but had to write down product losses.  That goes against them, and it shows up here in this listing.  But, it works both ways.  There are times when an event will occur and a company will have a negative cost of goods for the quarter.  If that did happen, it is difficult to put that company at the top of the list simply because they topped the 100% level.

Although you can report negative cost of goods, you simply cannot have negative cost of goods if you are producing some kind of product.  I have sanitized the companies that had one-offs that pushed their respective cost of goods out of normal bounds and above 100%.

Standouts

Given that, there were some standouts with some consistency for the highest grossing cannabis stocks.

  1. MPX International MPXOF stock: 93.3%
  2. GAIA $GAIA: 87.1%
  3. 4Front Vetnures FFNTF stock: 85.9%
  4. TerrAscend TRSSF stock: 84.5%
  5. Cresco Labs CRLBF stock: 67.7%
  6. Orchid Wellness: ORVRF Stock: 66.7%
  7. Empower Clinics EPWCF Stock: 66.7%
  8. KAYA Holdings KAYS Stock: 66.7%
  9. C2 Investments CXXIF Stock: 62.1%
  10. MariMed MRMD Stock: 57%

TOP 10 Highest Gross Cannabis Companies

Symbol Name Revenue Cost of Goods Gross Margins
1 MPXOF MPX INTERNATIONAL $1.5 $0.1 93.3%
2 GAIA Gaia, Inc. $18.6 $2.4 87.1%
3 FFNTF 4FRONT VENTURES $17.0 $2.4 85.9%
4 TRSSF TerrAscend $155.9 $24.1 84.5%
5 CRLBF Cresco Labs $157.7 $51.0 67.7%
6 ORVRF Orchid Ventures $0.9 $0.3 66.7%
7 EPWCF Empower Clinics $0.6 $0.2 66.7%
8 KAYS Kaya Holdings $0.3 $0.1 66.7%
9 CXXIF C21 Investments $9.5 $3.6 62.1%
10 MRMD MariMed $20.4 $8.7 57.4%
11 GTBIF Green Thumb Industries $177.2 $76.7 56.7%
12 HEXO HEXO $25.7 $11.2 56.4%
13 MYMMF MYM Nutraceuticals $2.7 $1.2 55.6%
14 CURLF Curaleaf $230.3 $104.8 54.5%
15 CNTMF Cansortium $14.3 $6.6 53.8%
16 HRVOF Harvest One Cannabis $1.5 $0.7 53.3%
17 MMNFF MedMen Enterprises $33.8 $15.8 53.3%
18 MJARF MJardin Group $3.6 $1.7 52.8%
19 SNDD Red Hawk $0.2 $0.1 50.0%
20 CBDS Cannabis Sativa $0.4 $0.2 50.0%
21 KGKG Kona Gold Solutions $0.2 $0.1 50.0%
22 JUSHF Jushi Holdings $24.9 $12.7 49.0%
23 INSHF Inner Spirit Holdings $7.2 $3.7 48.6%
24 NXGWF Next Green Wave $3.6 $1.9 47.2%
25 HBORF Harborside $18.4 $9.8 46.7%
26 CURR Cure Pharmaceuticals $1.3 $0.7 46.2%
27 CLSH CLS Holdings $4.5 $2.5 44.4%
28 PLNHF Planet 13 Holdings $20.1 $11.3 43.8%
29 KHRNF Chiron Life Sciences $1.4 $0.8 42.9%
30 CVSI CV Sciences $5.2 $3.0 42.3%
31 HDRPF Epsilon Healthcare $1.5 $0.9 40.0%
32 LVVV Livewire Ergogenics $0.8 $0.5 37.5%
33 HITIF High Tide $28.4 $18.4 35.2%
34 FFLWF Fire & Flower Corp $24.9 $16.2 34.9%
35 GLDFF Golden Leaf Holdings $6.2 $4.1 33.9%
36 BHNGF BHANG $0.3 $0.2 33.3%
37 MGCLF MGC Pharmaceuticals $0.3 $0.2 33.3%
38 ManifestSeven Holdings $4.0 $2.7 32.5%
39 TLRY Tilray $50.7 $35.2 30.6%
40 PLPRF Plus Products $3.1 $2.2 29.0%
41 CBWTF Auxly Holdings $10.1 $7.2 28.7%
42 WCEXF World Class Extractions $2.1 $1.5 28.6%
43 VFRM Veritas Farms $1.4 $1.0 28.6%
44 SARSF Canada House Wellness $2.2 $1.6 27.3%
45 HLSPY Heliospectra $1.1 $0.8 27.3%
46 CGC Canopy Growth Corporation $119.9 $88.3 26.4%
47 CCHWF Columbia Care $76.1 $56.4 25.9%
48 TLLTF TILT Holdings $42.3 $31.4 25.8%
49 ACB Aurora Cannabis Inc. $53.2 $39.5 25.8%
50 VLNCF The Valens Company $15.7 $12.1 22.9%
51 ZBISF Zenabis Group $17.8 $14.1 20.8%
52 KSHB KushCo $32.9 $26.4 19.8%
53 CANN General Cannabis $2.1 $1.7 19.0%
54 GRWC Grow Capital $8.9 $7.3 18.0%
55 NDVAF Indiva Limited $2.3 $1.9 17.4%
56 LBUY Leafbuyer Technologies $0.6 $0.5 16.7%
57 HRVSF Harvest Health & Recreation $69.9 $58.9 15.7%
58 TGODF The Green Organic Dutchman $7.3 $6.2 15.1%
59 HSTRF Hollister Biosciences $9.5 $8.1 14.7%
60 ITHUF iAnthus Holdings $46.0 $40.2 12.6%
61 SPRWF Supreme Cannabis $14.4 $12.6 12.5%
62 IGC India Globalization Capital Inc $0.8 $0.7 12.5%
63 DLTNF Delta 9 Cannabis $11.1 $9.8 11.7%
64 OILFF Next Leaf Solutions $1.0 $0.9 10.0%
65 SRNA SURNA Inc $3.4 $3.1 8.8%
66 SHWZ Medicine Man Technologies $7.9 $7.3 7.6%
67 VFF Village Farms International, In $47.4 $46.3 2.3%
68 EXPFF Experion Holdings $1.7 $1.7 0.0%
69 ACAN AmeriCann Holdings $0.3 $0.3 0.0%
70 BXNG Bang Holdings $0.1 $0.1 0.0%
71 BVNNF BevCanna Enterprises $0.1 $0.1 0.0%
72 NXTTF Namaste Technologies $5.5 $5.6 -1.8%
73 AGFY Agrify Corporation $4.4 $4.6 -4.5%
74 ROMJF Rubicon Organics $3.8 $4.0 -5.3%
75 CNPOF RIV Capital $4.5 $4.9 -8.9%
76 HCANF Halo Collective $5.1 $6.3 -23.5%
77 ALEAF Aleafia Health $11.9 $15.0 -26.1%
78 LOVFF Cannara Biotech $1.1 $1.4 -27.3%
79 TRTC Terra Tech Corp $4.5 $5.9 -31.1%
80 SNDL Sundial Growers Inc. $10.9 $14.6 -33.9%
81 SKYE SKYE Biosciences $0.9 $1.3 -44.4%
82 EVRRD Molecule Holdings $0.4 $0.6 -50.0%
83 NCNNF 48North Cannabis $4.7 $7.4 -57.4%
84 VREOF Vireo Health $15.9 $26.6 -67.3%
85 FLOOF Flower One Holdings $11.9 $22.3 -87.4%
86 CRON Cronos Group Inc. Common Share $17.0 $31.9 -87.6%
87 AUSAF Australis Capital $0.1 $0.2 -100.0%
88 OGI Organigram Holdings Inc. $11.5 $25.0 -117.4%
89 LOWLF Lowell Farms $9.2 $22.1 -140.2%
90 BHHKF Benchmark Botanics $0.2 $0.5 -150.0%
91 EMHTF Emerald Health Sciences $2.5 $6.6 -164.0%
92 FLWPF The Flower Corp $2.1 $6.0 -185.7%
93 BLEVF BELEAVE $0.3 $1.1 -266.7%
94 NEPT Neptune Wellness Solutions Inc. $2.6 $10.3 -296.2%
95 MEDIF MediPharm Labs $4.8 $23.9 -397.9%
96 EEVVF Eve & Co $0.5 $2.6 -420.0%
97 MJNE MJ Holdings $0.1 $0.7 -600.0%

What are my favorite cannabis stocks?

Find out which are the best marijuana stocks to buy now!

This is a once-in-a-lifetime opportunity to get involved in cannabis investing and capitalize on a new industry that is booming… But, only some of the stocks are going to be real winners.

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