My Top Cannabis Stock Picks

I have been following the cannabis industry since 2013 and dedicated myself to it full-time on a professional basis in early 2014 and on. I run 420 Investor, which is hosted by Seeking Alpha, and I run New Cannabis Ventures, where I follow the industry for the public's benefit. You can stay on top of the important cannabis news for investors there, and I publish a weekly newsletter that you can access too.

I wrote here recently about a potential bull market, but the index is not that different today than it was then. It closed at 8.41 on September 12th, and that is exactly where it is right now as I type. I had first laid it out on September 5th, when I said the cannabis stock bull market was about to start. The index was 8.29 then, so it is slightly higher.

At 420 Investor, I share a lot of information and I offer a model portfolio that is updated very regularly. At my sub-service, The Big Picture, I offer "Top Picks". I currently include 8 stocks, and I am sharing the top of the top right now. My largest positions in my model portfolio and all members of Top Picks are, alphabetically, Organigram (OGI), Village Farms (VFF) and WM Technology (MAPS). Each is about 20% of the model portfolio, which is the point at which I can't add any more. I have followed each of these for many years.

Organigram is a Canadian LP that is run by a former executive of Hain Celestial. The company has a lot of cash and no debt, and British American Tobacco (BTI) owns a large amount. The company is doing well in Canada and is seeing growth internationally. To read more, I just explained several weeks ago why I still like it on Seeking Alpha.

Village Farms is another Canadian LP. Unlike Organigram, there is some debt and there is no strategic investor. The stock has increased a lot since the low of 2023 and is up year-to-date in 2024. I wrote about it today at Seeking Alpha, calling it a fantastic opportunity.

The final one, WM Technology, runs Weedmaps. This ancillary company has no debt, and trades very cheaply in my view. Both it and Village Farms face NASDAQ delisting due to their low prices, but they can reverse-split to avoid that action. I wrote about MAPS in mid-August at Seeking Alpha, discussing why it is a Strong Buy.

Here is how each of these stocks has done since the end of 2020:

It's pretty easy to find a beaten-up cannabis stock. The challenge is to identify mispriced ones. Tilray (TLRY) reports its fiscal Q1 tomorrow morning and is near its all-time low. I think the stock is overpriced, though, despite being down 80.3% since the end of 2020.

While I like OGI, VFF and MAPS maximally, there are 9 positions in my model portfolio currently. I shared two LPs, and these are the only ones that I own. I own two other ancillary names beyond MAPS. While I didn't share any American cannabis companies (MSOs), I hold four of them. My weights are 39% Canadian LP, 33.4% MSO and 27.6% Ancillary.

If you are just looking for information about cannabis stocks, I put a lot of time and effort into New Cannabis Ventures, which is free to readers. You might have to pay to access my articles written at Seeking Alpha, but that price includes a lot of good things that come with the subscription. My 420 Investor service costs money but offers so much. If you want the sub-service, Top Picks, it is a lot less money. You can learn more about becoming a subscriber here: https://seekingalpha.com/mp/1417-420-investor/subscribe