Stocks are an inherently social beast. The stock market itself is built of people expressing their opinions about companies. When someone buys a stock they are expressing an optimistic or bullish opinion. Conversely, the sellers of a stock are generally expressing a bearish or pessimistic opinion.
A great way to get a quick look at retail trader sentiment is by using StockTwits. While StockTwits does not support any TSXV, CSE, or OTC-listed securities, the Twitter-like platform does allow for the tracking of TSX-listed companies.
For cannabis investors, that’s good news. There are a handful of Canadian licensed producer stocks that you can watch on StockTwits. Whether you’re looking for the share price, retail trader sentiment, recent news, or maybe you just want to talk to other cannabis investors, these feeds can be great.
What is StockTwits?
Founded in 2008, StockTwits is the “largest social network for investors and traders,” with millions and millions of registered users.
Essentially, if the stock market and Twitter had a baby, it would be StockTwits.
In fact, StockTwits started as a simple app built on the Twitter platform allowing users to track a given stock based on a cashtag. This allowed for organized conversations to form around stocks, which turned StockTwits into the standalone platform that it is today.
What are Cashtags?
Cashtags are similar to hashtags in the sense that they allow for a social media platform to gather ideas and conversation around specific topics.
Just like you can find Donald Trump conversations on Twitter by looking through the #DonaldTrump feed, you can also find conversations about Apple stock on StockTwits under $AAPL.
Canadian Licensed Producer Stocks on StockTwits
Aphria Inc. (TSX:APH) (OTC:APHQF)
Headquartered in Leamington, Ontario – the greenhouse capital of Canada – Aphria has been setting the standard for the low-cost production of safe, clean and pure pharmaceutical-grade cannabis at scale, grown in the most natural conditions possible. Focusing on untapped opportunities and backed by the latest technologies, Aphria is committed to bringing breakthrough innovation to the global cannabis market.
Aphria drives sustainable long-term shareholder value through a diversified approach to innovation, strategic partnerships, and global expansion, with a presence in more than 10 countries across 5 continents.
At the time of writing this, the Aphria feed has 12,149 followers on StockTwits.
Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF)
Headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 500,000 kg per annum and sales and operations in 18 countries across five continents, Aurora is one of the world’s largest and leading cannabis companies.
Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, wholesale and retail distribution.
At the time of writing this, the CannTrust feed has 23,127 followers on StockTwits.
CannTrust Holdings Inc. (TSX:TRST) (OTC:CNTTF)
Since its inception in 2014, CannTrust has led the Canadian market in producing standardized cannabis products.
As a federally regulated licensed producer, CannTrust brings more than 40 years of pharmacy and healthcare experience to the medical cannabis industry. CannTrust currently operates its 450,000 sq. ft. Niagara Perpetual Harvest Facility. Additionally, the 600,000 sq. ft. greenhouse expansion has begun and is fully funded. CannTrust’s broad product portfolio is prepared and packaged at the 60,000 sq. ft. manufacturing Centre of excellence in Vaughan, Ontario.
At the time of writing this, the CannTrust feed has 1,133 followers on StockTwits.
Canopy Growth Corp. (TSX:WEED) (NYSE:CGC)
Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, and Fortune 500 alcohol leader Constellation Brands to name but a few.
Canopy Growth operates ten cannabis production sites with over 2.4 million square feet of production capacity, including over 500,000 square feet of GMP-certified production space. Canopy Growth has operations in eight countries across five continents.
At the time of writing this, the Canopy feed has 21,106 followers on StockTwits.
Cronos Group Inc. (TSX:CRON) (NASDAQ:CRON)
Cronos is a globally diversified and vertically integrated cannabis company with a presence across four continents. Cronos operates two wholly-owned Canadian licensed producers regulated under Health Canada’s Access to Cannabis for Medical Purposes Regulations: Peace Naturals Project Inc., which was the first non-incumbent medical cannabis license granted by Health Canada, and Original BC Ltd., which is based in the Okanagan Valley, British Columbia.
Beyond Canada, Cronos has multiple international production and distribution platforms including in Germany, Israel, and Australia.
At the time of writing this, the Cronos feed has 30,443 followers on StockTwits.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF)
The Green Organic Dutchman, a.k.a. TGOD, grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are lab-tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica.
TGOD carries out its principal activities producing cannabis from its facilities in Ancaster, Ontario, pursuant to ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.
At the time of writing this, the TGOD feed has 2,507 followers on StockTwits.
Tilray, Inc. (NASDAQ:TLRY)
Tilray is a self’described “global pioneer in the research, cultivation, production and distribution of cannabis and cannabinoids.” Tilray, Inc.’s wholly-owned subsidiary, Tilray Canada Ltd., is a licensed producer of cannabis under Health Canada’s ACMPR.
With Tilray’s rocket-like IPO, a successful (and DEA-permitted) import of cannabis oil to the U.S., and a valuation higher than Hyatt and Marriott combined, this L.P. has managed to gather quite a bit of attention on the StockTwits platform. Maybe the platform provides guidance through TLRY shares’ irrational price movements?
At the time of writing this, the Tilray feed has 28,078 followers on StockTwits.
Village Farms International Inc. (TSX:VFF) (OTC:VFFIF)
Village Farms is one of the largest producers of premium quality greenhouse tomatoes, bell peppers, and cucumbers in North America, as well as 50% owner of Canadian L.P. Pure Sunfarms.
Pure Sunfarms recently received its fourth amendment to the cultivation license for its Delta 3 greenhouse permitting an expansion of its cannabis production area to 550,000 square feet. That is only half of the 1.1 million square foot Delta 3 production facility’s existing footprint.
At the time of writing this, the Village Farms feed has 1,691 followers on StockTwits.
Conclusion
Sure, StockTwits users are not the only participants in the market, but with over 28,000 users participating in the conversation regarding Tilray alone, it can be a great barometer of overall market opinion on a company.
If you haven’t already, be sure to follow us on StockTwits. Also, be sure to subscribe to Canadian L.P. Stock Updates here so you never miss an important update.
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