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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Should Canadians Buy Aphria (TSX:APHA) Stock Today?

The coronavirus market crash is far from over yet. Non-essential sectors now face even brisker headwinds than previously was the case. This is especially the case in an overcrowded and unsettled space like cannabis. The move by the Ontario government to strike the sector from the “essentials” list was disheartening. But for some pot stocks, it could even have proved…

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Should You Stay Away From Pot Stocks in 2020?

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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Which of These 2 Top Cannabis Stocks Is a Buy in 2020?

As Peter Lynch says, “If you only invest in an index, you’ll never beat it.” This is why picking stocks is so important and the only sure way to escape a flat market. Just look at the end of last week, when some cannabis stocks were seeing +5% gains, while Horizons Marijuana Life Sciences ETF was down 4%. However, the…

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Canopy Growth Corp (TSX:WEED) Is Oversold: Is Now the Time to Buy?

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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Should You Buy HEXO (TSX:HEXO) Stock at $3?

The rout in the share prices of Canadian marijuana stocks continues to drive down valuations in the cannabis sector, which  has contrarian investors wondering if the sell-off might be overdone. Let’s take a look at HEXO (TSX:HEXO)(NYSE:HEXO) to see if it deserves to be on your buy list today. Revenue woes HEXO has a credibility issue. The company just reported…

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Aurora (TSX:ACB) Stock Nears All-Time Low: Is it Time to Buy?

Most pot stocks are in the doghouse, including industry leaders like Aurora Cannabis (TSX:ACB)(NYSE:ACB). Investors find it utterly disappointing to see promising cannabis companies lose market values one after the other. Aurora is no exception. However, with the stock price nearing its all-time low, is it time to buy? Lost momentum Aurora Cannabis was starting to gain momentum in January…

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HEXO (TSX:HEXO) Stock Crashes 25%: Should You Buy the Dip?

HEXO (TSX:HEXO)(NYSE:HEXO) is the latest pot stock to disappoint the market, and investors are driving the cannabis producer’s share price down in a major sell-off. The trend of weak earnings reports and dismal outlooks from Canadian marijuana stocks continues. HEXO’s fiscal 2020 guidance just went up in smoke. The Gatineau-based company said that ongoing distribution bottlenecks and regulatory challenges continue…

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HEXO (TSX:HEXO): Buy the Stock or Bail Out?

Marijuana stocks have had a rough run over the past six months, and investors are wondering if the pullback in the share prices of pot stocks is an opportunity to buy today or a signal to get out before more downside occurs. Let’s take a look at HEXO (TSX:HEXO)(NYSE:HEXO) to see if it deserves to be on your buy list…

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