Cannabis Bucks the Coronavirus Growth Downtrend

Uncertain times often lead to surprising success stories. The COVID-19 pandemic crushed entire industries, while pushing cannabis ever closer to full legitimacy. Marijuana businesses depend on innovation – something that is critical in the current environment. As COVID-19 rages, rapid-fire local legislation often disrupts traditional supply lines. Given the patchwork of laws and questionable legality in many jurisdictions, marijuana companies…

Read More

Cronos Group (TSX:CRON) Stock: 1 Management Decision That Delays Growth in the U.S. Market

Cronos Group (TSX:CRON)(NASDAQ:CRON) finally reported its delayed fourth0quarter and full-year 2019 results on March 30. Much to investors’ disappointment, the company’s quarterly revenue growth in Canada was negative and massive inventory charges drowned spirits. There’s one more piece of information that could warrant a downward revision to the marijuana firm’s potential revenue growth rate. For a start, this was the…

Read More

Cannabis Sales Jump Amidst Coronavirus Lockdown

Cannabis sales have seen significant growth recently as consumers around the country continue to stockpile supplies to prepare for prolonged self-isolation. This phenomenon isn’t new, of course. Historically, as the economy starts to go down, consumers tend to rely more on vices such as alcohol or, in this case, weed. As dispensaries in many areas are being considered essential businesses,…

Read More

This Pot Stock Is Capitalizing on the Bear Market

Every pot stock has been crushed. The marijuana bear market of 2019 sent cannabis ETFs down by more than 50%. The coronavirus bear market of 2020 has compounded the damage. Pot demand continues to grow. That’s not the issue. In 2019, the problem was commoditization. Tilray sent the industry into a nosedive last summer when it reported a pricing collapse.…

Read More

2 Popular Stocks Hitting New 52-Week Lows

Aurora Cannabis (TSX:ACB)(NYSE:ACB) and Canada Goose Holdings (TSX:GOOS)(NYSE:GOOS) are two popular Canadian stocks. The two stocks have recently hit new 52-week lows. Buying a stock that’s hit a 52-week low and that rebounds after is a profitable strategy. But there is a risk that the stock might go down further. It’s therefore important to look at a company’s outlook to…

Read More

Canopy Growth’s (TSX:WEED) Latest 62% Revenue Growth Isn’t Repeatable

Canopy Growth (TSX:WEED)(NYSE:CGC) stock soared over 15% on Friday after the cannabis firm released a strong earnings report that revealed a 62% sequential net revenue growth to $124 million for its fiscal Q3 2019 ended in December 2019. Such high double-digit growth rates, especially on a sequential quarter-over-quarter basis, deserve a huge celebration and should naturally drive the stock price…

Read More

TFSA Investor Stocks to Buy Now

TFSAs are perfect vehicles for saving. All of your capital will grow tax free, and when it’s time for withdrawals, those are tax free, too. What kind of stocks should you be holding in a TFSA? There are several viable options. The biggest mistake is simply to hold cash. Mediocre returns essentially nullify your tax benefits. If you want to…

Read More

Concerns About HEXO Stock Post Q1 Earnings

HEXO Corp. (TSX:HEXO)(NYSE:HEXO) released its fiscal first-quarter 2020 results on Monday. As the stock traded over 3% lower for the day, the market clearly wasn’t impressed with the latest earnings instalment. The biggest highlight was the 25% sequential decline in operating expenses after the company terminated 20% of its workforce and suspended cultivation at some facilities. But investors can’t bank…

Read More

3 Reasons You Should Buy Canopy Growth Stock now

After an abysmal quarter, weed stocks have been battered across the board. Industry leader Canopy Growth’s (TSX:WEED)(NYSE:CGC) stock has been hit the worst and is now trading at its lowest value since weed was legalized in 2017.  Investor sentiment in this sector has clearly moved to extreme pessimism and with good reason. Growth and cash flow expectations have been dashed,…

Read More

2 Cannabis Stocks Perfect for New Investors: Now’s Your Chance!

There has never been a better time to be investing in the cannabis industry for the first time. That’s because many of the early risks have now been resolved, giving investors clarity into which companies are ready to seize this massive opportunity. As well, prices have come down significantly in recent months. Most marijuana ETFs are down 50% or more…

Read More