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Happy 4/20! For #WeedWeek at Bullish, we’re diving into the business of bud and the commercialization of cannabis. In honor of the holidaze, we’re bringing you a special edition of Rippers — Bong Rippers — and breaking down what stocks are ripping in and around the world of weed. 

🌿 Canadian growers Aphria and Tilrary have received shareholder support for their proposed merger, which has excited investors amidst a relatively quiet last few quarters for the cannabis sector. The merger will combine the $4.6 billion Aphria and $3.2 billion Tilray into one of the biggest cannabis players in the industry. $APHA is up 321% this year, and $TLRY is up 185%. 

🌿 GW Pharmaceuticals, a pharma company creating THC and CBD-based drugs for epilepsy, was one of the most exciting components of marijuana ETFs like $MJ. That was until it fetched a $7.2 billion buyout offer from Jazz Pharmaceuticals. In the last year, $GWPH rose 116%. 

🌿 Canadian grower Canopy Growth has already eaten up 13.6% of the Canadian recreational market, helped in part by expansion of their “premium brands” category. The company acquired Supreme’s cannabis brand (yes, as in the streetwear brand) in April 2021. $CGC rose 82% in the last year. 

🌿 GrowGeneration offers gardening products such as fixtures, growing systems, irrigation and water pumps, and other tools. This has made it a critical provider to climate-controlled greenhouses, much like the ones many growers use for growing cannabis. Its proximity to the cannabis industry has helped it become a momentum stock, sending $GRWG rising 997% in the last year.

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Noah Weidner

Noah Weidner is a restless self-starter with a vehement interest in all things that make the world go around: culture, politics, economics and all the people in between. He writes the Bullish Rippers series and covers other interesting trends and happenings at Bullish.

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Aphria cultivates, processes, produces, markets, distributes, and sells medical cannabis in Canada and internationally.The company offers pharmaceutical-grade medical cannabis, adult-use cannabis, and cannabis-derived extracts and derivative cannabis products under the Solei, RIFF, Good Supply, Aphria, P'tite Pof, and Broken Coast brands.It serves patients and consumers through distributors and online. The company is headquartered in Leamington, Canada. (From: StockAnalysis.com)

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