The cannabis market went on a bull run in August 2018, following Constellation Brands’ (NYSE:STZ) $5B investment in Canopy Growth Corporation(TSX:WEED).

As a result, many cannabis companies reached all-time highs on October 15, 2018. After the cannabis market peak, and the broader stock market sell-off in December, which was fueled by trade wars, European politics, and concerns over continued interest rate hikes, returns have slowed. Nevertheless, some cannabis stocks have been smoking hot and have reached new highs. Today, we have sifted through and identified three Canadian marijuana stocks that have been growing like weeds.

CannaOne Technologies Inc (CSE:CNNA) – $1.66
Cannabis

CannaOne Technologies is a software company that has developed BloomKit, a cloud-based B2C solution for the cannabis industry since November 21, 2018. The platform offers online storefronts, logistics, marketing, payment processing, customer acquisition tools, and search engine optimization (SEO). BloomKit collects, stores, and sorts data created by users. Through machine learning, the Company will provide users with value-added services such as predictive analysis and detailed industry business intelligence. On January 21, CannaOne announced its agreement with Oak Hill Financial Inc. to provide investor relations and financial communication services to the Company.

• Market Cap: $32.6 Million
• 5-Day Return: +3.75%
• 1-Month Return: +44.4%
• 14 Day Average Volume: 67,000
• 30 Day Average Volume: 59,000

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High Tide Inc. (CSE:HITI) – $0.50
Cannabis

High Tide is a Canada-based cannabis company that focuses on the wholesale distribution and manufacturing of smoking accessories and lifestyle products. The Company is vertically integrated with portfolio subsidiaries including KushBar Inc, RGR Canada Inc., and more. High Tide aims to strength its value chain while simultaneously providing a quality and complete customer experience and maximizing shareholder value. On February 4, the Company entered into a letter of intent with an Ontario cannabis Retail Lottery Winner of the Alcohol and Gaming Commission of Ontario (AGCO). Subsequently, the Company announced on February 12 that it has been selected to assist with the operation of a retail cannabis store by a second winner of one of the 25 opportunities to apply for a license to operate a cannabis retail store through AGCO.

• Market Cap: $111.2 Million
• 5-Day Return: +14.9%
• 1-Month Return: +35.1%
• 14 Day Average Volume: 367,000
• 30 Day Average Volume: 235,000

Ventura Cannabis and Wellness Corp.(CSE:VCAN) – $0.09
Cannabis

Ventura Cannabis and Wellness provides outpatient rehabilitation and detoxification service. Working under the BLVD Centers brand name, the Company operates rehabilitation centers in California and Oregon. Recently changing its name from BLVD Centers Corporation in February, the Company is headquartered in Los Angeles, California. On February 12, the Company announced that it has entered into a binding agreement to acquire two dispensaries, one in Cathedral City, California and the other in Portland, Oregon. The two are expected to generate a combined annual revenue of US$2.5M with positive cash flow.

• Market Cap: $21.4 Million
• 5-Day Return: +28.6%
• 1-Month Return: +50.0%
• 14 Day Average Volume: 624,000
• 30 Day Average Volume: 871,000