Despite having a share price of just $0.23 in 2015, OrganiGram Holdings Inc (TSXV:OGI) stock has quickly risen to a market cap of more than $1.3 billion. Since the start of 2019, shares are up another 62%. Now with a valuation that rivals other notable pot stocks like Green Organic Dutchman Holdings Ltd (TSX:TGOD) and Hexo Corp (TSX:HEXO), why do shares seem…
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It was a great week for cannabis stocks. Or at least, it would have been, but for Friday. For some reason, investors took the opportunity to take their gains and go on a lot of cannabis stocks. Canopy Growth Corp., Aurora Cannabis Inc., and Hexo Corp. were just some of the stocks seeing losses that brought them back to Monday’s share prices. Two other…
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Aurora Cannabis (TSX:ACB)(NYSE:ACB) stock is among the hottest stocks on the TSX right now, especially after it has climbed 88% from a low just a few months ago in December! If you’re thinking of buying the growth stock, here are some important things you should know. Aggressive growth Aurora Cannabis is growing at a tremendous rate. It reported $1.4 million…
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Will the fortunes of Aurora Cannabis (TSX:ACB)(NYSE:ACB) rise with activist investor Nelson Peltz joining the cannabis producer? It’s still early to tell whether the hiring will bring positive vibes, although Aurora is up 3.03% from last week’s closing. Investors were shell shocked by the unified drop of cannabis stock prices in December. Many didn’t expect the share price of Aurora…
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Two high-performance areas of the TSX index seem to go hand in hand at the moment: metals and marijuana. While gold may have caught the eye of high-growth traders, lithium’s potential for upside should not be ignored. Therefore, let’s take a look at the data for one big Canadian lithium miner alongside some turbo-charged cannabis stocks. Lithium Americas (TSX:LAC)(NYSE:LAC) More…
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It seemed like for months that Canopy Growth was the only cannabis stock worth mentioning in the business world. Every quarterly earnings report in the cannabis sector always linked back to Canopy and its performances. That is, until last week when things changed. That’s because Aurora Cannabis (TSX:ACB)(NYSE:ACB) became big news by signing a deal with Nelson Peltz, a billionaire who will…
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Weed companies continue to claim first-mover advantage to lure investors. But no one can actually tell which one has the decided edge. After the collective decline of cannabis stocks in the last quarter of 2018, investors are avoiding repetition. Cronos Group (TSX:CRON)(NASDAQ:CRON) appears to be the top performer and holds the upper hand. The stock has risen already by 95%…
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The price chart of Tilray (NASDAQ:TLRY) stock shows that a manic buying rush, which pushed this top marijuana stock to $300 a share past year, has ended. One bit of evidence of this maturity came last week when the company reported its first full quarter after Canada legalized recreational consumption of cannabis in October last year. Tilray, a British Columbia-based medical…
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Are you interested in pot stocks? If you are, you’re not alone. Pot stocks are very popular, and for good reasons. While the TSX has returned about 13% year to date, Horizons Marijuana Life Sciences ETF (TSX:HMMJ) is up 62% year to date. So, the marijuana sector in general is outperforming the whole market. But there are two pot stocks…
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Heading into April, the marijuana industry is once again on the rise. After a terrible end to 2018, Canada’s pot stocks are going up, with many of them approaching last year’s highs. Following encouraging Q3 results from Canopy, there’s a renewed sense of optimism about the marijuana industry. This time, however, it’s not necessarily Canopy that’s stealing the spotlight. If you’re…
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