The cannabis sector came off its highs as the overall market was under considerable pressure and this is trend worth watching.

This morning, market futures are pointing higher as the market is looking to come off its recent lows. Cannabis stocks traded higher early yesterday but plunged lower as the overall market was under pressure and we want to highlight 5 companies worth watching

5 Cannabis Companies to Watch

Ravenquest Biomed (RQB.CN) (RVVQF) recorded a double-digit percentage gain on strong volume and outperformed the market. We are favorable on the move higher and will continue to monitor the Canadian cannabis producer. Although recent price movements have been volatile, yesterday’s rally was impressive especially when the cannabis sector recorded strong declines on average. iAnthus Capital Holdings (IAN.CN) (ITHUF) came well off its highs and ended the day down more than 10%. Last week, the United States cannabis company announced plans to merge with MPX Bioceuticals (MPX.CN) (MPXEF) and we are favorable on the combined company. The United States cannabis industry is gaining significant traction and this is a company to watch! Organigram Holdings (OGI.V) (OGRMF) traded lower with the market and fell more than 10% on strong volume. The Canadian cannabis producer has been trending lower and we are monitoring price movements from here. The company has attractive leverage to the recreational cannabis market in Canada and is in the middle of a major expansion. Fundamentals have significant improved and we are going to keep a close eye on the company. Canopy Growth (WEED.TO) (CGC) came well off its highs and fell approx. 8%. We have been favorable on Canopy and consider it to be the best managed Canadian cannabis producer. The company is highly levered to the global cannabis market and has cannabis operations on five continents. Canopy was a war chest of cash after receiving a $5 billion investment from Constellation Brands (STZ) and we are watching this one. Green Thumb Industries (GTII.CN) (GTBIF) continued to trade lower and we have been monitoring the shares for a bottom. We are bullish on the United States multi-state operator and the growth prospects heading into 2019. The CEO of Green Thumb is the heir to the Jim Beam empire and the company represents a very attractive opportunity. Hedge fund billionaire Leon Cooperman has invested in Green Thumb and we are bullish on this one