One of the biggest stories in Canadian business over the latter half of 2019 was the massive implosion of Canada’s marijuana sector. Leading pot stocks fell as much as 50-75%. A number of factors contributed to the fall, but mostly it came down to sentiment. Investors went from being incredibly bullish on the future of legal marijuana in Canada to…
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Cannabis producer HEXO’s (TSX:HEXO)(NYSE:HEXO) stock has been on a strong rebound lately since the start of the new year and the share price closed nearly 16% higher on Wednesday as the pot industry received an Organigram Holdings powered valuation boost. The company recently filed restated financial reports for its fiscal year which ended July 31, 2019 as well as amended…
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After booming for more than three years, the marijuana bubble started to burst in 2018 following legalization. The downhill move continued in 2019. Marijuana companies failed to meet expectations on revenue, as they had to face oversupply problems. It looks like the demand for cannabis was overestimated, and the hype has faded. With the sharp decline in stock prices, we…
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Canada has a number of excellent retirement savings options, and while the oft-touted Tax-Free Savings Account (TFSA) is typically the first savings mechanism used by investors to grow tax-free income in retirement, using a Registered Retirement Savings Plan (RRSP) effectively can be an excellent way to stash away money (and take important tax deductions!) on an annual basis and watch…
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The fact that cannabis producer Organigram Holdings (TSX:OGI)(NASDAQ:OGI) delivered a 102% year-over-year net revenue growth for the recently reported first quarter of fiscal 2020 doesn’t move me as much as a 54% sequential sales increase over a recent previous quarter does. The year-over-year comparison pits one quarter with very little recreational pot sales generated in just one full month and…
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Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) was one of the worst-performing cannabis stocks of 2019. Starting off the year at $7.02, it fell to $2.50 by year’s end–a stunning 64% decline. All cannabis stocks did poorly in 2019, but ACB was one of the worst of the bunch thanks to its massive losses and hiccups in its European operations. In 2020, the company…
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Few cannabis stocks are better positioned than Cronos Group (TSX:CRON)(NASDAQ:CRON). That’s because it has the backing of one of the most powerful, well-financed, most influential companies on the planet: Altria Group (NYSE:MO). Today, Altria is responsible for more than half of all U.S. cigarette sales. Its market cap exceeds $100 billion. That’s larger than every Canadian pot stock combined. With a $3…
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Canadian marijuana producer Aphria (TSX:APHA)(NYSE:APHA) released its fiscal second-quarter 2020 results for the period ended November 30, 2019, on Tuesday in a report in which management stressed strong consumer cannabis revenue growth and three quarters of positive EBITDA, but there is a lot more to chew when one closely examines the numbers. Here are some takeaways from the company’s latest…
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Shares of Canada-based marijuana company Hexo (TSX:HEXO)(NYSE:HEXO) are currently trading at $1.98. The stock has lost over 80% since April 2019 and has been one of the worst-performing stocks in the cannabis sector since the start of 2019. But we know that the optimism surrounding Cannabis 2.0 coupled with the rollout of retail stores in Ontario will hold pot companies…
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Despite the doubters, Canada is still a great country to bet on. The S&P/TSX Composite Index has lagged global benchmarks, because it’s been weighed down by resource companies, which have been in a bear market since 2014. When you strip out oil and gas stocks, the TSX has actually done quite well. In 2020, some high-quality TSX stocks are prepared…
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