Four cannabis companies are ranked among the 10 best performing stocks on the Toronto Stock Exchange over the past three years.
The exchange has announced the inaugural TSX30, which celebrates the best performing stocks based on dividend-adjusted share price appreciation. Canopy Growth Corp.
The next pot stock in the list is third-placed Village Farms International
Pure Sunfarms is a 50/50 JV between Village Farms and Emerald Health Therapeutics Inc.
It quickly rallied and resumed its upward march, although it has decreased by around 25% over the past 16 days.
“Although this award recognizes outstanding recent performance, Village Farms is only just beginning to realize the value of these significant new growth opportunities, which have transformed both our near and long-term earnings potential, and which we expect will drive growth for years to come,” said founder and chief executive Michael DeGiglio.
The firm is ramping up medical cannabis sales in Canada, and aggressively pursuing the opportunity in hemp-based CBD in the U.S. It has increased 868% since 2016.
Quebec-based Neptune Wellness Solutions Inc.
Loui Anastasopoulos, president of capital formation at TMX Group, said cannabis is a newly defined sector full of compelling success stories.
Representatives of the leading companies joined TMX executives to open the market this morning.
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