Canopy Growth (TSX:WEED) Stock: $0 or $100?

Industries across the board continue to suffer thanks to the COVID-19 pandemic. It seems no industry immune to the financial devastation it can cause, including the cannabis industry. Despite the increase in demand and sales of cannabis while people stay home, that hasn’t fixed the problem cannabis suppliers like Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) continue to have: a means of supplying that…

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Pot Stock Alert: This Company Just Spiked 146%

Pot stocks have been a roller coaster ride this year. At the start of 2020, cannabis companies were hit hard by the coronavirus correction. These pressures came after the terrible marijuana bear market of 2019, which saw industry valuations cut in half. Recent weeks, however, have brought much-needed relief. Indeed, some companies are seeing their share prices soar. One of…

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My Top Cannabis Pick

This recent market turmoil has resulted in what I can only describe as a tectonic shift in the Canadian cannabis sector. Investors have moved from a growth-at-any-cost, risk-seeking base of retail investors to a much more conservative, long-term group of investors. Stock prices tell this story. In this article, I’m going to discuss why, despite more downside likely on the…

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Cronos (TSX:CRON) Stock: $0 or $30?

Cronos Group Inc (TSX:CRON)(NASDAQ:CRON) is a millionaire-maker stock. The only problem is that it’s also a millionaire-destroyer stock. It all depends on timing. In 2016, shares traded at $0.20. At the start of 2019, they touched $30. In just three years, a $5,000 investment became $750,000. Then the cannabis bear market of 2019 occurred. The industry lost billions of dollars…

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Buy Alert: This Pot Stock Is Exploding Higher

Pot stocks had a tough 2019. The start of 2020 was no easier. Since their all-time highs, many marijuana companies have seen their shares reduced by 70% or more. Recent weeks have been a different story. One producer in particular has seen its stock move from $0.60 to $1.50 in just 20 days. There’s reason to believe this momentum will…

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This Pot Stock Can Rise 10 Times in Value

In 2018, pot stocks were going gangbusters. Several new startups attained billion-dollar valuations. The party ended in 2019, when the majority of the industry fell by more than 50%. Some smaller competitors lost 90% of their value. What does the future hold for 2020? So far, the results have been mixed. The worst of the 2019 bear market is now…

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2 Pot Stocks to Buy in June

Pot stocks had a wild ride last decade. We saw the near-instant formulation of billion-dollar markets. Several upstarts attained $1 billion valuations within weeks, despite having little to no operating history. Then, almost as suddenly, the market experienced a precipitous fall. Marijuana ETFs were cut in half last year. Many pot producers are now on the brink of bankruptcy. Yet…

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Is It Time to Buy a Cannabis Rebound?

It would be really nice to blame the current downward spiral within the cannabis industry on the pandemic, but that simply isn’t the case. Since legalization in October of 2018, the entire industry has gone down almost across the board. Companies that soared from penny stock status to even triple digits within two years have now levelled out. Today, it’s…

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What Should Investors Expect From Canopy Growth (TSX:WEED) Stock?

Cannabis investors punished Canopy Growth (TSX:WEED)(NYSE:CGC) after a worse-than-expected earnings report revealing deep cracks in the industry. Canopy plunged as a result. For once, though, the drop looks less like a value opportunity than a wake-up call. But what’s the outlook for this cannabis stock, and why are investors so divided on its outlook? Let’s take a look. Is Canopy…

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What Aphria’s Move From the NYSE to the NASDAQ Means for Stock Investors

In an unexpected move on Tuesday, one of Canada’s largest marijuana firms Aphria (TSX:APHA)(NYSE:APHA) announced that it is moving its U.S. stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market effective on Monday, June 8. Aphria’s stock listing migration will take place soon after the firm closes its fiscal year 2020 financial books on…

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