Friday , 9 June 2023

4 Canadian Marijuana Stocks with Notable Expected EBITDA Growth

…As recreational legalization in Canada approaches this summer, these companies have plans to meet the upcoming demand. If marijuana continues its rally, the Canadian marijuana stocks on our list could see strong returns in both the short and long term.

The original article has been edited here for length (…) and clarity ([ ]) by – A Site For Sore Eyes & Inquisitive Minds – to provide a fast & easy read.




1. CannTrust Holdings Inc. (TSX:TRST)

CannTrust’s 50,000 square foot production facility, located in Vaughan, Ontario, uses hydroponic technology to produce at an annual capacity of 3,600 KG. Furthermore, CannTrust has set aside a 46-acre property, where it plans to ramp up production capacity with a 430,000-square foot expansion.

  • Market Cap: $832.2 Million
  • 1 Month Total Return: 6.0%
  • 3 Month Total Return: 25.9%
  • EBITDA Growth – Next Year/This Year: 2554.5%
  • Peer Average EBITDA Growth – Next Year/This Year: 488.1%




2. MedReleaf Corp. (TSX:LEAF)

MedReleaf currently produces 7,000 KG/year out of a 55,000 sq. ft. facility in Markham. The Company started to produce 5,600 KG/year out of a 210,000 sq. ft. facility in Bradford in October. The Company plans to expand its Bradford facility to reach 28,000 KG/year from it by August 2018. The Company has partnered with Shoppers Drug Mart to sell medical marijuana.

  • Market Cap: $1,992.5 Million
  • 1 Month Total Return: 26.4%
  • 3 Month Total Return: 26.1%
  • EBITDA Growth – Next Year/This Year: 1487.6%
  • Peer Average EBITDA Growth – Next Year/This Year: 488.1%




3. Hydropothecary Corp. (TSXV:THCX)

With an operational 50,000 square foot facility, Hydropothercary also aims to scale up 250,000-square feet with an expansion that is expected to come online by Q2/2018. Hydropothecary closed a $69M offering of convertible debentures in November to fund its expansion plans.

  • Market Cap: $651.0 Million
  • 1 Month Total Return: 7.1%
  • 3 Month Total Return: 35.3%
  • EBITDA Growth – Next Year/This Year: 831.3%
  • Peer Average EBITDA Growth – Next Year/This Year: 488.1%




4. Aphria Inc. (TSX:APH)

Aphria’s flagship greenhouse production facility is located on a 169-acre property in Leamington, Ontario. The Company currently produces 9,000kg and plans to expand its production facility to add an additional 90,000kg.

  • Market Cap: $2,247.3 Million
  • 1 Month Total Return: -1.2%
  • 3 Month Total Return: 18.1%
  • EBITDA Growth – Next Year/This Year: 763.2%
  • Peer Average EBITDA Growth – Next Year/This Year: 488.1%

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