Should Aurora Cannabis (TSX:ACB) Stock Be on Your 2020 Buy List?

The meltdown in the shares prices of Canadian marijuana stocks is attracting contrarian investors searching for potential big winners in 2020. Pot stocks are now trading near their 12-month lows, after a rough earnings season that saw many of the companies scale back revenue projections amid ongoing challenges in the recreational market. The rollout of legal recreational pot in Canada…

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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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Another Week in Red for Cannabis Investors as Earnings Disappoint

Cannabis investors continued to experience a massive decline in share prices for the last week ended on November 15, 2019. Leading cannabis stocks such as Aurora Cannabis (TSX:ACB)(NYSE:ACB), Canopy Growth, and Hexo lost market value in the last week. While Canopy Growth stock fell 26.7%, Aurora Cannabis and Hexo lost 27.6% and 22.5%, respectively, in the last week. Horizons Marijuana…

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Canopy Growth (TSX:WEED) Earnings Drag Cannabis Stocks Lower

Shares of Canada’s leading cannabis company Canopy Growth (TSX:WEED)(NYSE:CGC) fell 14.5% yesterday after it announced fiscal second quarter of 2020 (year ending in March) results. In the September quarter, Canopy Growth reported sales of $76.6 million, a year-over-year growth of 228% compared to sales of $23.33 million in the prior-year period. The company’s earnings per share improved from -$1.52 to…

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Should Beaten-Down Aurora Cannabis (TSX:ACB) Stock Be on Your 2020 Buy List?

News that Aurora Cannabis (TSX:ACB)(NYSE:ACB) is suspending some construction projects came as no surprise when management released first-quarter 2020 earnings results on Thursday, but the stock price could still touch lower 52-week lows in the near term as the market adjusts its growth expectations for the marijuana industry. That said, contrarian investors with a long-term holding period could have been…

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Canopy Growth (TSX:WEED) Stock Craters But it’s Still Not Time to Sell

It’s been a tough earnings season for cannabis companies, with HEXO, Tilray, and now Canopy Growth (TSX:WEED)(NYSE:CGC) turning in disappointing results. However, while investors have been quick to sell off their shares in affected companies, the industry is brand new, and the best way to get rich in the long term is to hold onto that stock. Let’s take a…

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3 Takeaways From Canopy Growth’s (TSX:WEED) Horrible Quarterly Earnings

Leading marijuana growth stock Canopy Growth (TSX:WEED)(NYSE:CGC) released its anticipated fiscal second quarter 2020 results early on Thursday. In the midst of the largely bad news report were some small grains of hope-inducing numbers. Second-quarter gross revenue had grown 6% sequentially quarter over quarter to a respectable $118.3 million, but there were some necessary charges to the revenue line of…

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5 Must Watch Items as Aurora Cannabis (TSX:ACB) Reports Quarterly Earnings on Thursday

Leading marijuana producer Aurora Cannabis (TSX:ACB)(NYSE:ACB) is set to release its fiscal first quarter 2020 results for the period ended September 30 after market close on November 14. Management has strictly refrained from giving any prior earnings guidance this time, which is understandable after some recent humiliation where both revenue and adjusted earnings before interest, tax, depreciation, and amortization (EBITDA)…

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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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ALERT: 1 Week Before Aurora Cannabis (TSX:ACB) Earnings

We are a few weeks removed from the next stage of cannabis legalization. Cannabis 2.0 will introduce products like vape pens and edibles into the legal market. Aurora Cannabis (TSX:ACB)(NYSE:ACB), one of the top producers in the world, has seen its stock fall 15.7% month over month. According to Aurora’s upcoming events on its main site, the company is set…

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