$7 Billion Reasons why "Medical Marijuana" should be on your watch List in 2017

$7 Billion Reasons why
$7 Billion Reasons why

Medical Marijuana Growers and Cannabis Biotech's will be the big Story in 2017.

Just look at the price ranges for these stocks over 2016.  The 10 largest cannabis companies at the end of 2016 had a combined market cap of over $7 Billion.

We're looking for the "rising tide" affect on any cannabis companies that have not enjoyed the same share appreciation. We've seen alot of momentum in the sector - just look at the gains these stocks have had this year.  We're looking for companies in these two sectors - Cannabis Bioech and Growers /Producers for the coming months to add to our watch list.

Notice the huge gains in these two companies this past year. Aurora Cannabis, the Canadian grower (ACBFF) stock’s 52-week range was $0.31 to $2.96 and Axim Biotech (AXIM) with a 52-week range of $0.21 to $10.00.  Investor's made a lot of money with these two stocks.

Top Cannabis Bitotech on our radar for 2017: InMed Pharma (IMLFF) and Kalytera Therapeutics (KALY), watch for continued coverage on these two.

Here is a list of the 10 largest cannabis firms in North America in 2016.



GW Pharmaceuticals PLC (NASDAQ: GWPH) 
Market cap: $2.87 billion 
Year-to-date stock price change: +64% 

Shares closed at $114.24 on Friday, December 23, and the stock’s 52-week trading range is $79.62 to $137.88. 


Canopy Growth Corp. (TSE: CGC, OTC:TWMJF) 
Market cap: $780.6 million 
Year-to-date stock price change: +192% 

Shares closed at C$9.35 on Friday, and the 52-week range is C$2.97 to C$17.86


Insys Therapeutics Inc. (NASDAQ: INSY) 
Market cap: $664.6 million 
Year-to-date stock price change: -68% 

Shares closed at $9.21 on Friday, in a 52-week range of $8.70 to $29.75. 


Axim Biotechnologies Inc. (OTCQB: AXIM) 
Market cap: $401.6 million 
Year-to-date stock price change: +656% 

Shares closed at $7.77 on Friday, in a 52-week range of $0.21 to $10.00. 


Aurora Cannabis Inc. (OTC: ACBFF) 
Market cap: $433.8 million 
Year-to-date stock price change: +311% 

Shares closed at $1.67 on Friday. The stock’s 52-week range is $0.31 to $2.96. 


Medical Marijuana Inc. (OTC Pink: MJNA)  
Market cap: $380.1 million 
Year-to-date stock price change: +281% 

Shares closed at $0.15 on Friday, and the stock’s 52-week range is $0.03 to $0.27. 


Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP) 
Market cap: $375.5 million 
Year-to-date stock price change: +410% 

Shares closed at $8.55 on Friday, in a 52-week range of $1.01 to $10.78


Aprhia Inc. (OTC: APHQF) 
Market cap: $373.6 million 
Year-to-date stock price change: +286% 

Shares closed at $3.537 on Friday. The 52-week range is $0.77 to $5.79


Arena Pharmaceuticals Inc. (NASDAQ: ARNA) 
Market cap: $340.6 million 
Year-to-date stock price change: -20% 

Shares closed at $1.53 a share on Friday, and its 52-week range is $1.30 to $2.16. 


Cara Therapeutics Inc. (NASDAQ: CARA) 
Market cap: $251 million 
Year-to-date stock price change: -43% 

Shares closed at $9.97 on Friday. The 52-week range is $4.26 to $17.69. 


Ranked on the basis of market cap. Stock data is accurate as of December 21, 2016, and were provided by Viridian Capital Advisors. Unless otherwise noted, all amounts are presented in U.S. dollars. 
Tags
Biotechs/Pharma, Cannabis Focus, Investing
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