Although Canadian licensed medical cannabis producers were under heavy pressure yesterday and the selloff showed no signs of slowing down, things can change quickly and that is exactly what happened for these companies.

We have been closely monitoring the recent sell-off and believe that it created a great buying opportunity for new and existing investors. Canadian licensed cannabis producers continue to remain one of the most attractive places to invest due to the upcoming legalization of recreational cannabis, the quality of companies within it, and the strength of the management team and the balance sheets.

We have highlighted three Canadian licensed medical cannabis producers that saw some of the most significant price movements yesterday.

Canopy Growth: A Global Leader

Canopy Growth (WEED.TO) (TWMJF) traded as low as $6.58 and $4.90 before the shares found support and came off its lows. After falling more than 2%, the shares found support and started to trend higher. WEED and TWMJF are trading at $7.16 and $5.32 after an approx. 5% move higher on above-average volume.

We continue to view Canopy Growth as one of the top long-term cannabis investment opportunities due to its global presence (in Australia, Canada, and Germany), its continued execution and track record, its improving fundamentals, its management team, and its balance sheet which is flush with cash and leaves the company flexible and able to expand through both organic and inorganic growth initiatives.

Aurora Cannabis: An Execution Story

Despite the company announcing several major developments, Aurora Cannabis (ACB.V) (ACBFF) has continued to trade lower and the shares are down 20% in the last month. The company recently made a major acquisition in Germany and like Canopy Growth, it also has a significant presence in Australia. Aurora has one of the strongest balance sheets when compared to its peers and we are favorable on the company’s long-term outlook.

Aurora was under significant pressure early on yesterday and the shares were down more than 5%. ACB and ACBFF traded as low as $1.90 and $1.40, respectively before they started to move higher around 12:30pm ET and the shares ended the day up more than 5%. ACB and ACBFF are trading at $2.13 and $1.59, respectively and we continue to view Aurora as a stock that investors need to watch.

Organigram: A Top Mover

Organigram Holdings (OGI.V) (OGMRF) was one of the top movers yesterday and the shares rallied more than 15% off its lows of the day.

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