OGI: Top Marijuana Stocks on the NASDAQ for March 2021
EGOV is the top for value and GRWG is top for growth and momentum
The marijuana industry includes companies directly related to the research, development, and distribution of cannabis products, as well as companies that indirectly support these operations. Traditional stock market indices like the Nasdaq continue to include more companies from the marijuana industry as a growing number of regions around the world legalize marijuana. The number of U.S. states that permit marijuana use in some form increased to 35 after voters in several states approved marijuana legalization initiatives on their ballots in the recent U.S. presidential election. Some of the Nasdaq-listed marijuana companies include Aphria Inc. (APHA) and OrganiGram Holdings Inc. (OGI).12
Many companies in this emerging industry are posting losses as they invest heavily to focus on rapidly expanding revenue. And many companies have been able to maintain revenue growth in spite of the COVID-19 pandemic.
| House Positions for C:OGI from 20210301 to 20210301 |
| House | Bought | $Val | Ave | Sold | $Val | Ave | Net | $Net |
|---|---|---|---|---|---|---|---|---|
| 79 CIBC | 1,087,281 | 4,311,248 | 3.965 | 895,114 | 3,540,391 | 3.955 | 192,167 | -770,857 |
| 85 Scotia | 76,181 | 302,823 | 3.975 | 43,125 | 172,805 | 4.007 | 33,056 | -130,018 |
| 2 RBC | 66,358 | 263,973 | 3.978 | 33,350 | 132,991 | 3.988 | 33,008 | -130,982 |
| 57 Interactive | 10,000 | 39,971 | 3.997 | 80 | 322 | 4.025 | 9,920 | -39,649 |
| 124 Questrade | 17,956 | 70,854 | 3.946 | 10,736 | 42,947 | 4.00 | 7,220 | -27,907 |
| 33 Canaccord | 9,300 | 36,234 | 3.896 | 3,900 | 15,252 | 3.911 | 5,400 | -20,982 |
| 80 National Bank | 62,812 | 248,756 | 3.96 | 59,398 | 235,986 | 3.973 | 3,414 | -12,770 |
| 19 Desjardins | 10,550 | 41,685 | 3.951 | 8,285 | 32,942 | 3.976 | 2,265 | -8,743 |
| 89 Raymond James | 500 | 1,995 | 3.99 | 0 | 500 | -1,995 | ||
| 88 Credential | 4,523 | 17,907 | 3.959 | 4,250 | 17,193 | 4.045 | 273 | -714 |
| 36 Latimer | 4,854 | 19,126 | 3.94 | 4,874 | 19,381 | 3.976 | -20 | 255 |
| 13 Instinet | 260 | 1,041 | 4.004 | 2,800 | 11,004 | 3.93 | -2,540 | 9,963 |
| 143 Pershing | 0 | 3,350 | 13,218 | 3.946 | -3,350 | 13,218 | ||
| 212 Virtu | 21,985 | 86,587 | 3.938 | 26,925 | 106,940 | 3.972 | -4,940 | 20,353 |
| 39 Merrill Lynch | 71,100 | 279,763 | 3.935 | 80,200 | 317,410 | 3.958 | -9,100 | 37,647 |
| 7 TD Sec | 512,057 | 2,033,215 | 3.971 | 535,732 | 2,131,215 | 3.978 | -23,675 | 98,000 |
| 53 Morgan Stanley | 52,902 | 209,340 | 3.957 | 79,547 | 315,890 | 3.971 | -26,645 | 106,550 |
| 9 BMO Nesbitt | 57,601 | 226,613 | 3.934 | 85,820 | 341,560 | 3.98 | -28,219 | 114,947 |
| 1 Anonymous | 545,519 | 2,159,679 | 3.959 | 618,364 | 2,445,687 | 3.955 | -72,845 | 286,008 |
| 72 Credit Suisse | 0 | 115,889 | 457,673 | 3.949 | -115,889 | 457,673 | ||
| TOTAL | 2,611,739 | 10,350,810 | 3.963 | 2,611,739 | 10,350,807 | 3.963 | 0 | -3 |