The Constellation Investment Is Proving to Be Canopy’s (TSX:WEED) Most Significant Competitive Advantage

You may have seen the recent news about Constellation (NYSE:STZ) exercising warrants to acquire additional shares in Canopy (TSX:WEED)(NYSE:CGC). This announcement was easy to overlook, partly because of its timing (the announcement came out after markets closed on a Friday), partly because Constellation is already Canopy’s largest shareholder, and mostly because of everything else happening in the world right now.…

Read More

Which Canadian Cannabis Stocks Are the Most Market Crash-Proof?

No business is truly crash-proof. However, there is one quality that can predict which TSX cannabis stocks are most resilient to market forces. This single, overriding quality is cash-richness. But which Canadian cannabis stocks are the most cash-rich? Let’s take a look at four big names to add to a watch list of Canadian marijuana producers. Go big, but take…

Read More

Canopy Growth (TSX:WEED) Stock: Is the End Near?

If there’s one industry that has been incredibly frustrating for investors of late, it’s the cannabis industry. Canopy Growth (TSX:WEED)(NYSE:CGC) in particular used to be the darling of the industry, but that has all changed. WEED stock plummeted from all-time highs back in October 2018 after legalization. Since then, WEED stock has struggled to get anywhere near those highs again. Then, the…

Read More

Canopy Growth (TSX:WEED) Lays Off 500 Workers: Bad News for Weed Stocks?

Canopy Growth’s (TSX:WEED)(NYSE:CGC) stock price lagged behind in March by 5.7%. This was followed by the company laying off 500 workers, as it was deemed a “non-essential” business in major provinces of the country. The layoff was a result of the marijuana giant having to shut down 23 of its stores in Manitoba, Saskatchewan, and Newfoundland and Labrador, along with…

Read More

Pass That Joint With a 2-Metre-Long Pole

Some headlines are now saying that a significant recession could cause a demand surge for recreational cannabis in Canada. These headlines have caused some optimism in the sector for the first time in a while. I, however, don’t see how spending a higher percentage of one’s EI cheque on pot rather than rent makes sense. But perhaps folks prioritize needs…

Read More

Canopy Growth Stock Lagged the TSX by 5.7% in March

Canopy Growth (TSX:WEED)(NYSE:CGC) stock price was already in the throes of despair before the coronavirus crisis. The stock had already fallen dramatically from late 2018/early 2019 highs as the cannabis bubble burst. In March, Canopy Growth stock price continued to underperform the TSX, lagging it by 5.7%. During the month of March, all eyes were on developments related to the…

Read More

Coronavirus Market Meltdown: Buy Canopy Growth Stock for Defensive Pot Status

Speculations on whether the cannabis industry is a defensive, non-cyclical consumer staple producer with resilient sales that remain strong during economic recessions will settle when financial results for the first calendar quarter of 2020 start creeping in. Until then, should cannabis investors consider industry leader Canopy Growth’s (TSX:WEED)(NYSE:CGC) stock a defensive play during the ongoing coronavirus-induced economic meltdown? Canopy Growth…

Read More

The Cannabis Connection to Coronavirus

That Canadians are stressed shouldn’t come as much of a shock. After all, the COVID-19 crisis has sent stocks plummeting, one in three Canadians worry they won’t make rent or mortgage payments, and thousands of people have lost their jobs. It’s therefore little wonder that some Canadians have turned to cannabis for stress relief. Canadians have flooded online cannabis retail…

Read More

Gold and Cannabis: Trading Strategies in the Coming Months

As we continue on in the 11th year of economic expansion since the financial crisis, many investors (myself included) believe we may be headed toward difficult times in the next 12-24 months. If the market continues to roll along, I will be dead wrong, but the long-gold, short-cannabis trade is one that I think represents shifting sentiments in the markets.…

Read More

Canadian Cannabis: Is Canopy Growth (TSX:WEED) Stock Still a Buy Right Now?

It used to be profitability that signified a Canadian cannabis stock’s biggest buy signal. Right now, though, it’s cash runway. Profitability is still crucial, but cash is key in the race for survival. And not all Canadian cannabis stocks are going to survive. “Survive now, thrive later” is the name of the game. So, which companies are likeliest to get…

Read More