Pot stocks had a heyday in 2018. That year, cannabis companies saw their shares double, triple, or even quadruple in price. The industry minted countless millionaires in a handful of months. Things changed quickly. In 2019, cannabis stocks entered a rough bear market. The coronavirus pandemic of 2020 pushed valuations even lower. Right now, many marijuana investors are jaded and…
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The rise and fall of cannabis stocks has weighed heavily on investors. After soaring back in 2018, pot stocks across the board started to crash after legalization. Since then, shares have fallen to prices not seen since many came onto the TSX, some even lower! The problem came from lots of acquisitions and little to show for them. As companies…
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In 2018, investors made a fortune with pot stocks. Every company was doubling, tripling, or even quadrupling in price. It was like shooting fish in a barrel with all the water drained out. The 2019 bear market changed everything. The hype cycle ended, and many competitors never recovered. The COVID-19 crisis of 2020 continued the pain. Most pot stocks still…
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On the heels of decriminalization and legalizing medical marijuana, Virginia’s first dispensary is set to open in August 2020. Through the current system of licensing, only five vertically-integrated entities will operate within the state initially – with Dharma representing the first scheduled opening. Initial profit predictions are middling, as Virginia will allow only a small subset of marijuana-based products at…
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If you were to say that Aphria Inc. (TSX:APHA)(NYSE:APHA) was going to be my top cannabis stock a year ago, I would have laughed. A year ago, the situation was very different for this top pot stock. The company was mired in controversy, with the word “acquisition” even being thrown around now and again. Today, however, with the COVID-19 pandemic striking all…
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It was popular for a while to refer to the cannabis space as another dot-com bubble. There were definitely similarities: a new industry full of potential was getting investors exciting, driving up share prices until the bubble burst. Post-legalization, many of the great green hopes touted by early cannabis bulls were up in smoke, to use a tired idiom. But…
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The Canadian cannabis market shifted into a new gear with the launch of Cannabis 2.0 products in late 2019. Cannabis 2.0 products include edibles, extracts, and vaporizers. This segment of the cannabis market carries with it much higher profit margins than dried flower products do. Companies and investors are thus cautiously optimistic about a second green rush occurring. These three…
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Hexo Corp (TSX:HEXO)(NYSE:HEXO) isn’t a big pot stock. It’s worth only $400 million. Many of its competitors are worth several billion dollars. But if you’re looking for big upside, this is the stock for you. It all comes down to strategy. From the start, Hexo took a unique route. The rest of the industry followed a traditional path. This is…
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Pot stocks are a proven way to make money. In 2018, many skyrocketed in value by more than 1,000%. To be sure, cannabis is also a proven way to lose money. The marijuana bear market of 2019, for example, saw the industry lose half of its value in a matter of months. Long term, however, the biggest gains are still…
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It once aspired to be “the Amazon of cannabis,” but e-commerce focused marijuana stock Namaste Technologies (TSXV:N) has taken on a manufacturing-based growth strategy that’s beginning to yield impressive results. The company has shaken off its drama-filled past. Operations have returned to strong sequential quarterly sales growth. Actually, the company reported record quarterly revenue in last week’s earnings release. Should…
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