Forget Aurora Cannabis (TSX:ACB) and Invest in This Marijuana Stock Instead!

Equity markets are making a comeback this week after several governments announced a slew of economic measures to fight COVID-19. In the last three days, the iShares S&P/TSX 60 Index has gained close to 20%. This recovery has driven stocks of a number of companies higher. Several marijuana stocks are roaring back to life as well after a disappointing 2019.…

Read More

3 Takeaways From Aurora Cannabis’s (TSX:ACB) Founder’s Massive Stock Sale

Aurora Cannabis’s (TSX:ACB)(NYSE:ACB) founder, director, and former CEO Terry Booth has made a massive sale of 12,161,900 shares on his Aurora Cannabis stock position on the open market over the past few days. Should investors read much into this corporate insider’s latest move? Mr. Booth made four separate large sell transactions of millions of Aurora shares at stock prices ranging…

Read More

1 Cannabis Stock I’m Buying While It’s Still Cheap

You’ll think I’m crazy, but with markets at lows not seen in years, perhaps the craziness of the market place is getting to me. I’ve been looking hard for cheap stocks to buy up while I can. Whereas before I would have to have a couple thousand dollars stashed away, right now I might need only a couple hundred bucks…

Read More

If You’re Going to Buy Weed, Buy It in Aggregate

If you haven’t noticed, Canadian cannabis producers are risky to own. The same volatility that allowed these companies to double on a weekly basis has allowed some of the same names to halve a weekly basis. Here’s my take on why investors looking to invest in cannabis ought to buy the Exchange-Traded Fund (ETF) tracking the sector: the Horizons Marijuana…

Read More

We’re Months Away From Bankruptcies in the Cannabis Sector

In early 2019, if someone were to suggest that by the end of 2020, we’d start seeing bankruptcies in Canada’s cannabis sector, you would most certainly have concluded they were smoking something. Here we are a year later, and these concerns don’t seem so far-fetched. Cannabis companies have exhibited a general lack of fiscal prudence over the past year. Examples…

Read More

Canopy Growth’s (TSX:WEED) CEO Cracks the Whip: Will the Stock Price Jump?

Canadian marijuana giant Canopy Growth (TSX:WEED)(NYSE:CGC) made the big announcement that it’s shutting down two very large greenhouses and laying off about 500 employees as it undergoes an organizational and strategic review that could positively impact the company’s stock price in the long term. Newly installed CEO David Klein is a strong numbers man. It was only a matter of…

Read More

Aurora (TSX:ACB) Has Sunk From a $7.62 Billion Market Cap in 2019 to $2.4 Billion Today

Industry-wide carnage instead of a boom in 2019 dealt a crushing blow to cannabis producers. The sector’s acknowledged production leader in particular tanked at blinding speed and lost value as a result. As of this writing, Aurora Cannabis (TSX:ACB)(NYSE:ACB) is trading at $2.06 per share, and the market capitalization stands at only $2.4 billion. In August 2019, Aurora was a…

Read More

2 Popular Stocks Hitting New 52-Week Lows

Aurora Cannabis (TSX:ACB)(NYSE:ACB) and Canada Goose Holdings (TSX:GOOS)(NYSE:GOOS) are two popular Canadian stocks. The two stocks have recently hit new 52-week lows. Buying a stock that’s hit a 52-week low and that rebounds after is a profitable strategy. But there is a risk that the stock might go down further. It’s therefore important to look at a company’s outlook to…

Read More

This Pot Stock Could Go Bankrupt in 2020

The pot industry is in turmoil. After setting dizzying new heights in 2018, the market experienced a painful bear market in 2019. Most companies experienced share price declines of at least 50%. Some stocks sank by more than 80%. That was the case with Green Organic Dutchman Holdings (TSX:TGOD). Once a multi-billion-dollar company, Green Organic was set to revolutionize the…

Read More

Should You Consider Aurora Cannabis (TSX:ACB) Stock at These Levels?

Though the leading pot stock Aurora Cannabis (TSX:ACB)(NYSE:ACB) showed some recovery recently, uncertainty might continue to weigh in. Its immense volatility might have worked in favour of the traders, but long-term investors have been brutally burned. The stock has lost more than 75% in the last 12 months. Aurora Cannabis’s poor Q2 show Aurora Cannabis yet again reported a loss…

Read More