TSX Penny Stock Spotlight Cannabix Technologies And 2 Other Promising Picks

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The Canadian market has experienced volatility in 2025, with diversification emerging as a key strategy for investors amid softened growth outlooks and uncertainty surrounding tariffs and government policy. Despite these challenges, certain sectors have demonstrated resilience, highlighting the potential benefits of exploring diverse investment opportunities. Penny stocks, though an older term, continue to represent a niche area where smaller or newer companies can offer growth potential; focusing on those with strong financials may uncover promising opportunities amidst the broader market landscape.

Top 10 Penny Stocks In Canada

Name

Share Price

Market Cap

Financial Health Rating

NTG Clarity Networks (TSXV:NCI)

CA$1.82

CA$78.83M

★★★★★☆

NamSys (TSXV:CTZ)

CA$1.09

CA$30.09M

★★★★★★

Madoro Metals (TSXV:MDM)

CA$0.045

CA$4.03M

★★★★★★

Orezone Gold (TSX:ORE)

CA$0.93

CA$457.81M

★★★★★☆

Amerigo Resources (TSX:ARG)

CA$1.96

CA$317.84M

★★★★★☆

Alvopetro Energy (TSXV:ALV)

CA$4.97

CA$176.25M

★★★★★★

PetroTal (TSX:TAL)

CA$0.69

CA$632.31M

★★★★★☆

McCoy Global (TSX:MCB)

CA$3.19

CA$86.43M

★★★★★★

Findev (TSXV:FDI)

CA$0.485

CA$13.89M

★★★★★★

BluMetric Environmental (TSXV:BLM)

CA$1.06

CA$39.14M

★★★★★★

Click here to see the full list of 936 stocks from our TSX Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Cannabix Technologies

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Cannabix Technologies Inc. is a technology company that develops marijuana and alcohol breathalyzers for employers, law enforcement, workplaces, and laboratories in the United States with a market cap of CA$69.09 million.

Operations: Cannabix Technologies Inc. has not reported any specific revenue segments.

Market Cap: CA$69.09M

Cannabix Technologies Inc., a pre-revenue company with a market cap of CA$69.09 million, is making strides in marijuana breathalyzer technology. The recent validation of its Breath Collection Unit (BCU) for detecting THC and other cannabinoids marks significant progress towards addressing the challenges posed by cannabis legalization. Collaborating with Omega Laboratories, Cannabix aims to offer precise and rapid detection solutions for law enforcement and workplace safety. Despite being unprofitable, the company benefits from no debt, experienced management, and sufficient cash runway exceeding one year, positioning it well within the volatile landscape of penny stocks in Canada.