Online cannabis retailer Namaste Technologies’s (TSXV:N) stock price has apparently doubled in the first three weeks of 2020 after a strong 23% surge on Wednesday raised the year-to-date return to 106% at end of day. This all happened without any company-specific news on the day. This is a strong recovery since trade in the company’s shares touched a 52-week low…
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Tax-Free Savings Accounts (TFSAs) are perfect for growth investing. As long as your money remains in a TFSA, it grows tax free, even if you turn thousands into millions. Having a limitless tax shield is an advantage you shouldn’t throw away. In 2018, cannabis investors were ecstatic as most pot stocks skyrocketed by more than 500%. The story shifted in…
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Last year was painful for cannabis investors. Most of the major pot stocks plunged, as the cannabis bubble popped because of fears that many will struggle to become profitable in an undetermined market. Canopy Growth (TSX:WEED)(NYSE:CGC) reported a slew of losses, which, coupled with regulatory investigations and the increased likelihood of marijuana being removed as a U.S. federal schedule one…
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The marijuana boom was supposed to happen last year. Investors expected the likes of Canopy Growth, Aphria, and Aurora Cannabis (TSX:ACB)(NYSE:ACB) to reach stratospheric heights in prosperity. Instead, the legal marijuana sector faced an enormously challenging year. Canadian investors saw both big and small names in the industry struggle. The three major cannabis producers tanked to devastating lows after climbing to…
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After a heavy beating in 2019, when cannabis firms’ shares fell 80% from their peak valuation to less than $2.80 at year-end, Aurora Cannabis’s (TSX:ACB)(NYSE:ACB) stock price hasn’t performed any better so far in 2020. Some investors may wish they had invested in an embattled CannTrust Holdings (TSX:TRST)(NYSE:CTST) in January this year instead. During the first 20 days of 2020,…
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It is no secret that 2019 was a horrible year for investors who put their faith in the legal marijuana industry. Cannabis stocks were decimated last year with massive sell-offs after disappointing performances across the board. Shares of the cannabis giant Aurora Cannabis (TSX:ACB)(NYSE:ACB) have declined by more than 83% since March 2019. Cannabis producers in Canada are struggling with…
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Aphria (TSX:APHA)(NYSE:APHA) stock is currently trading around $7, far from its 52-week high of $14.37, which was reached on February 4, 2019. The last time Aphria’s share price was in the double digits was on August 6, when the stock traded at a high of $10.05. Like other cannabis stocks, Aphria stock fell in 2019, plunging 11% over the year.…
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Pot stocks have found some new life in recent weeks, as there’s been a lot more bullishness from investors surrounding the industry. Now that edibles are available, and a new segment of the market is open for business in Canada, there’s some renewed hope that cannabis stocks have reached a bottom and that it’s a safe time for investors to…
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Cannabis investors have lost a significant portion of their investment since the last quarter of 2018. Investors were rightly concerned over the high valuation metrics of pot stocks, and this started the bear run for marijuana companies. Further, the revenue estimates for most cannabis companies seemed to have been overstated, as most analysts failed to consider the impact of Canada’s…
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Aurora Cannabis (TSX:ACB)(NYSE:ACB) was once the hottest cannabis stock in the world. In 2016, shares tripled. In 2017, they quadrupled. In 2018, the stock hit a high of $14, when just a few years prior, it was valued at $0.50. Last year, everything changed. The bear market of 2019 may ultimately go down as one of the most painful periods in…
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