CNBC’s Jim Cramer said Tuesday it appears that cannabis companies could be seeing some “meaningful differentiation.”
He took a look at the chart patterns of stocks in the sector as interpreted by Tim Collins, a technician and Cramer colleague at RealMoney.com.
“The charts, as interpreted by Tim Collins, suggest that GW Pharma and Village Farms are buys here, ” the “Mad Money” host said. “Cronos [Group] could work its way higher, although that one’s more risky. “
Cramer pointed out an ascending triangle pattern in GW Pharma’s weekly chart, which measures the stock’s price movement over a week-long period. That particular pattern, which is made up of a series of higher lows and relatively similar highs, typically tells a bullish tale.
He noted that GW Pharma does not see itself as a cannabis play, but investors see it as such because its products are inspired by the plant.
“I have been…