Sunday , 24 September 2023

These 4 Medical Cannabis Stocks Expected to Generate Positive EPS

Due to the early stages of the cannabis industry and its growth prospects, investors have not expectedmarijuana2 cannabis companies to generate positive earnings. Instead they have valued the stocks primarily on hope for a lucrative future. [That being said, however,] we have identified 4 Canadian cannabis stocks that are expected to generate positive earnings in the next 12 months. If they live up to their earnings expectations, it could begin a time when investors look for companies with sustainable growth prospects, as opposed to…[those that] are expected to have the highest short-term revenue growth.

1. MedReleaf Corp. (TSX: LEAF)

MedReleaf Corp. is a licensed producer, and seller, of cannabis-based (dried cannabis & cannabis oil) pharmaceutical products…[and] focused on patient care, scientific innovation, and advancing the understanding of the therapeutic benefits of cannabis.

  • Market Cap: $736,413,727
  • EPS: $0.13
  • NTM EPS: $0.20

2. Aurora Cannabis Inc. (TSXV: ACB)

Aurora Cannabis Inc….produces and distributes dried medical cannabis (marijuana)…in Canada as well as providing patient counseling and outreach services.

  • Market Cap: $865,466,266
  • EPS: -$0.10
  • NTM EPS: $0.09

3. Aphria Inc. (TSX: APH)

Aphria Inc….produces and sells medical marijuana of various strains through retail sales and wholesale channels…The Company is also engaged in the research and development, and commercial production of, cannabis oil.

  • Market Cap: $790,724,178
  • EPS: $0.04
  • NTM EPS: $0.09

4. OrganiGram Holdings Inc. (TSXV: OGI)

OrganiGram Holdings Inc. operates through its subsidiary Organigram Inc. as a licensed medical marijuana producer as regulated by Health Canada under the Marijuana Medical Access Regulations (MMAR) of the Government of Canada.

  • Market Cap: $223,803,020
  • EPS: -$0.05
  • NTM EPS: $0.06
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