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.