High-growth stocks are best stashed in a TFSA, no matter how high they appreciate, investors don’t have to worry about potential capital gains taxes in the future. Shopify’s (TSX:SHOP)(NYSE:SHOP) stock has been a darling for TFSA growth investors over the past few years due to its massive share price gains over the period which top 656% since three years ago.…
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Akerna Corp. (NASDAQ: KERN) is engaged as a cannabis technology company, which aims to help cannabis startups navigate the complexities of compliance and maintaining regulatory good-standing. The company’s system helps track regulated cannabis products from seed-to-store. Akerna has tracked over $16 billion in cannabis sales since its launch. Shares of the cannabis technology company surged 56.30%, through trading on Friday,…
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Cannabis firm Cronos Group (TSX:CRON)(NASDAQ:CRON) reported its third-quarter financial results on Wednesday this week and management has announced some significant changes to the business. Investors need be aware of the following fundamental changes to the company’s future operations and financial results presentations going forward. Here’s what you need to know. Big change in applicable accounting standards First, the company will…
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Canada’s cannabis market is going crazy. A new report suggests that spending, which totaled $570 million in 2018, will grow by at least 40% per year, surpassing $5 billion by 2024. It’s not often that a multi-billion-dollar market appears practically overnight, but this is one of those rare opportunities. “Canada is the largest country in the world to legalize cannabis,…
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The S&P/TSX Index is hitting new highs, gaining a whopping 17% year to date. To put that into perspective, the Index has closed above 17% only twice since the financial crisis, and it’s safe to say that the TSX is enjoying a strong year. Unfortunately, this rising tide did not raise all ships. Every week, I scour the oversold list…
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Dixie Brands, Inc. (OTCQX: DXBRF) (CSE: DIXI) operates as a consumer-packaged goods (CPG) cannabis company, which features a diverse product line including: edibles, tinctures/oils, topicals, beverages & drinks, CBD-based products, and more. The multi-state operator (MSO) currently has a presence in Colorado, California, Nevada, Michigan, and Maryland. The CPG cannabis company’s U.S.-listed stock jumped 42.50%, during trading on Friday, November…
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Marijuana stocks continue to take a hammering, as the Canadian regulator cracks down, and many companies fail to deliver value as promised. Leading cultivator Canopy Growth has lost a whopping 47% since the start of 2019, while smaller cannabis stocks have suffered even larger losses. One cultivator that appears well positioned to not only survive the latest trials and tribulations…
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After an abysmal quarter, weed stocks have been battered across the board. Industry leader Canopy Growth’s (TSX:WEED)(NYSE:CGC) stock has been hit the worst and is now trading at its lowest value since weed was legalized in 2017. Investor sentiment in this sector has clearly moved to extreme pessimism and with good reason. Growth and cash flow expectations have been dashed,…
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Shares of Canada’s leading cannabis company Canopy Growth (TSX:WEED)(NYSE:CGC) fell 14.5% yesterday after it announced fiscal second quarter of 2020 (year ending in March) results. In the September quarter, Canopy Growth reported sales of $76.6 million, a year-over-year growth of 228% compared to sales of $23.33 million in the prior-year period. The company’s earnings per share improved from -$1.52 to…
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Given the massive regulatory, geopolitical, and technological changes over the last ten years, the future may be significantly different. Millions of people now have legal access to cannabis, unprecedented numbers of electric vehicles are set to flood the streets, and drones are preparing to deliver everything from Amazon.com, Inc. orders to life-saving medical supplies. Yet not all stocks are prepared…
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