Is Cronos (TSX:CRON) Stock a Solid Long-Term Bet?

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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Will Cronos (TSX:CRON) and Altria (NYSE:MO) Take Over the Cannabis Market?

Few cannabis stocks are better positioned than Cronos Group (TSX:CRON)(NASDAQ:CRON). That’s because it has the backing of one of the most powerful, well-financed, most influential companies on the planet: Altria Group (NYSE:MO). Today, Altria is responsible for more than half of all U.S. cigarette sales. Its market cap exceeds $100 billion. That’s larger than every Canadian pot stock combined. With a $3…

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Why Cronos (TSX:CRON) Stock Might Be the Top Pot Investment of 2020

It’s time to invest in pot stocks again. After a difficult 2019, the market is finally regaining its footing, with many top stocks eking out small gains to start the year. Yet the year ahead won’t look anything like the bull market of 2018, where any company even remotely related to marijuana experienced an exponential rise in their share prices.…

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Don’t Buy Canopy Growth (TSX:WEED) Stock: These Pot Stocks Take the Cake

Canopy Growth Corp (TSX:WEED)(NYSE:CGC) is one of the most loved cannabis stocks on the market. With a valuation of $8.6 billion, it’s also one of the largest. One of the biggest reasons for Canopy’s vaunted position is Constellation Brands, Inc. (NYSE:STZ). Constellation is a highly successful consumer brand company. With the rights to globally recognized brands like Modelo and Corona,…

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Top Cannabis Stocks for December

Cannabis stocks have had a tough year. Since the summer, most marijuana ETFs have been cut in half. Yet the long-term promise remains clear. Many analysts expect global sales to hit $100 billion by 2030, representing 1,000% growth. If you want to invest in cannabis stocks, it pays to have a multi-year vision. Still, short-term market gyrations can make some…

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$100 Billion Tobacco Giant Altria (NYSE:MO) Just Bet Big on This Cannabis Stock

The cannabis industry has been hit hard in recent months, with popular marijuana-based ETFs down 50% or more. Yet recent actions from $100 billion tobacco behemoth Altria Group (NYSE:MO) could signal a bottom. On November 20, Altria purchased four million shares of Cronos Group (TSX:CRON)(NASDAQ:CRON), adding to its existing position in the company. Notably, the purchases follow a steep 70%…

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Will Cronos (TSX:CRON) Stock Move Higher After a 25% Decline Last Week?

Shares of leading cannabis company Cronos Group (TSX:CRON)(NASDAQ:CRON) fell over 25% in the last week. Why did Cronos Group investors lose a quarter of their market value in the week ended on November 15, 2019? Cronos Group announced its third-quarter results on November 12 and reported sales of $12.7 million — 238% higher compared to sales of $3.76 million in…

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Cannabis Investors: 3 Big Changes Coming Soon to Cronos Group’s (TSX:CRON)

Cannabis firm Cronos Group (TSX:CRON)(NASDAQ:CRON) reported its third-quarter financial results on Wednesday this week and management has announced some significant changes to the business. Investors need be aware of the following fundamental changes to the company’s future operations and financial results presentations going forward. Here’s what you need to know. Big change in applicable accounting standards First, the company will…

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The U.S. Market Could Send These Cannabis Stocks Soaring in 2020

Canada’s cannabis market is going crazy. A new report suggests that spending, which totaled $570 million in 2018, will grow by at least 40% per year, surpassing $5 billion by 2024. It’s not often that a multi-billion-dollar market appears practically overnight, but this is one of those rare opportunities. “Canada is the largest country in the world to legalize cannabis,…

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5 Important Takeaways From Cronos Group’s (TSX:CRON) Latest Quarterly Earnings

A sequential quarterly net revenue growth of 24% and a 214% jump in quarterly net earnings to $788 million could top the highlights for Cronos Group’s (TSX:CRON)(NASDAQ:CRON) latest financial report delivered early on Tuesday, but there was a lot to chew in the company’s latest quarterly results. Let’s just quickly get down to it. Revenue growth was aided Cronos reported…

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