We have seen cannabis stocks crash and burn over the last 12 months. The high valuations of cannabis companies spooked investors, resulting in massive sell-offs after recreational sales were legalized last October. Though stocks have significantly corrected and are trading well below the 52-week lows, many of them are still expensive. The high growth rates of cannabis stocks have sent…
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Growth stocks don’t get much more exciting than recreational cannabis, a brand-new market that is still establishing itself while also rewarding strategic investors. Though the actual moment of Canadian legalization may not have seen the meteoric growth in pot stocks that the market expected, there is certainly still plenty of upside to be had if investors know where to look.…
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The S&P/TSX Composite Index posted a strong performance last week, rising nearly 2%. While the majority of TSX stocks rose alongside the index, some companies weren’t as lucky. The three stocks below each lost more than 10% in just five days. If you want to find bargains in a rising market, here are three attractive candidates. Down and out Last month,…
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New regulations that will make cannabis edibles legal for recreational consumption are expected to come into effect this October, but Canadians shouldn’t expect actual product to hit their local shelves and online dispensaries until closer to December, industry experts say. Still, the market for cannabis edibles will represent a brand-new, untapped market — one that could reach potentially as much…
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In order for the cannabis industry to be successful in Canada, Ontario is one place it’s going to have to do well. And so far, that hasn’t been the case. It’s been a roller-coaster ride for the industry, to say the least. Supply issues have limited the number of stores that have been up and running throughout the country, and…
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Hello again, Fools. I’m back to call attention to three stocks trading at new 52-week lows. Why? Because the big gains in the stock market are made by buying attractive companies during times of maximum investor pessimism; and when they’re available at a clear discount to intrinsic value. As legendary value investor Warren Buffett once quipped, “Whether we’re talking about…
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What can be said about marijuana stocks that hasn’t been said already? Over the years, they’ve given investors some of the biggest gains and some of the heaviest losses of any asset class. Possibly the most volatile sector one can invest in, they make for a jittery ride. But over the very long term, most of the large TSX weed stocks…
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Some cannabis companies have already made a few lucky investors rich. For instance, Canopy Growth Corp (TSX:WEED)(NYSE:CGC) was worth just a couple of dollars in early 2016, but the firm’s shares are now worth about $35 (at writing). You aren’t likely to find such returns in many places on equity markets, or anywhere else for that matter. There are currently…
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Investors who have wanted to get into the cannabis industry the last few years may not have had the chance due to the astronomical valuations. While some could argue the prices for these companies are justified because of the incredible growth potential, it is still tough paying billions of dollars for companies that barely have $100 million in revenue. There…
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It is always a crucial time when one of the top cannabis companies releases its earnings report. Given the nascent nature of the industry, the performance of these firms gives us important clues as to how the market is evolving. Aurora Cannabis (TSX:ACB)(NYSE:ACB) is the latest top pot company to release its financial results. Let’s see how Aurora performed. Before…
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