The Canadian cannabis sector has roared higher in recent weeks. Expectations about potential legalization in the U.S. have driven valuations in this sector to fresh 52-week highs recently. Investors need to be wary of this rapid sector-wide increase. Indeed, picking and choosing specific cannabis stocks is the only way to go. Accordingly, I’d recommend investors should consider Curaleaf (TSXV:CURA) as the…
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Environmental, social, and governance investing, or ESG for short, has been picking up a lot of traction over the past few years. This has been due, in large part, to a bigger focus on sustainability in society. As such, many companies have been releasing ESG statements and investment funds have even been offering ESG ETFs to retail investors. Shopify (TSX:SHOP)(NYSE:SHOP)…
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In the Canadian cannabis sector, one of my top picks for some time has been Hexo (TSX:HEXO)(NYSE:HEXO). My conviction level on this cannabis player relative to its peers hasn’t shifted of late. I think Hexo is a stock that has had a rough go of it in 2020 but is turning things around in the right direction. I think this stock…
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Investors in Canada’s nascent cannabis industry have had a volatile go of it in recent years. The speculative nature of the investor base supporting this sector has driven a lot of this volatility. Accordingly, it’s understandable that an outsized level of volatility could persist for some time in this sector. That said, I think this volatility could be aimed more…
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The fact that Curaleaf (TSXV:CURA) is listed on the Canadian Venture exchange means it’s perhaps less known than some of its Canadian counterparts. That said, I think this stock provides excellent leverage to the cannabis trade as it pertains to the U.S. election results. Potential legalization could help this stock skyrocket relative to its peers in the years to come. The…
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I think 2021 could turn out to be eerily similar to 2018 in the world of cannabis stocks. That’s right — the same 2018 that saw valuations skyrocket amid hysteria in the hyper-growth sector in Canada. Valuations are still high, but there is lots of room for optimism right now around marijuana stocks. Thus, I think companies like Canopy Growth…
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The Canadian cannabis sector is starting to see a nice rebound of late. Stocks like Canopy Growth (TSX:WEED)(NYSE:CGC) have rightly rebounded in line with other growth stocks today. Investors have become much more optimistic of late. Therefore, it’s no surprise Canopy has rebounded more than 140% from its 52-week low. Here’s why I think more upside could be on the horizon…
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U.S.President-Elect Joe Biden is ready to be sworn in on January 20. Investors might be asking the question: which stocks will benefit from this change in leadership? I have two cannabis picks for investors asking these important questions. Legalization could actually happen south of the border The Democratic Party consists of a large number of individuals spanning the left-wing spectrum.…
Read MoreOn the surface, nothing really has changed all that much within the cannabis market. There are still production issues, black market sales still outweigh legal sales, Canadian stores are still incredibly slow at getting cannabis to market to meet the high demand. However, there was one “update” we’ll call it that seems to have changed the game. That change? The…
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The cannabis market has to be one of the biggest letdowns over the last few years. At first, everyone wanted to be a part of it. With Canada legalizing marijuana, companies appeared all over the place. You pretty much couldn’t go wrong. Even if it was just some mom-and-pop pot joint on the TSX, you could very well see a…
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