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…

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HEXO Stock: A Warning on Potential Bankruptcy?

Investors in marijuana firm HEXO (TSX:HEXO)(NYSE:HEXO) stock received the shock of their lives early morning Tuesday when the company discussed the “ultimate” Going Concern reporting concept in its latest news release. Before getting to the sacred accounting concept, which usually comes up when discussing potential bankruptcy, here are the mildly concerning issues in the company’s news release on Tuesday. An…

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Is HEXO “Too Quebec to Fail?”

I’m sorry, I just love the term “too Quebec to fail.” Looking at a number of darling companies that have come out of Quebec, one can certainly make the argument that Quebec-based companies have the uncanny ability to pick up cheap government financing or equity injections right when they’re needed. Here’s my take on why and how this might impact…

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2 Pot Stocks to Buy, 1 to Avoid

In 2018, every pot stock skyrocketed in value. In 2019, every pot stock plummeted in value. This year, expect the results to be somewhere in the middle, with some stocks performing well, while others struggle to survive. Why will 2020 be a mixed bag for cannabis investors? Looking at the results in 2018, the market was clearly rushing to supply…

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2 Attractive Small-Cap Marijuana Stocks to Watch

Cannabis stocks have been severely beaten in the past few months. While the general sentiment is negative, there are still good values ​​to be found in the marijuana sector. The Valens Company (TSXV:VLNS) and MediPharm Labs (TSX:LABS) are two small-cap stocks that are showing strong growth and are still cheap. The Valens Company Valens is the third-largest Canadian extraction company…

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Pot Stock Buy Alert: What Long-Term Cannabis Investors Need to Know

Even in its short history, Cannabis investing has been full of victory and defeat. In 2018, every pot stock was soaring in value. By 2019, the fortunes were reversed, with the majority of pot stocks falling by at least 50%. Here’s what you need to know: this ride is far from over. In 2020, we could see another upward surge.…

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Are Pot Stocks Like Aurora Cannabis (TSX:ACB) and Hexo (TSX:HEXO) Running Out of Cash?

We know that cannabis companies have been struggling with structural and regulatory issues for a while. Most pot companies have reported less-than-impressive quarterly results over the last year, resulting in an extended bear run for investors. The recreational marijuana industry has been rattled by illegal sales that still account for 40% of total Canadian cannabis sales. The slower-than-expected roll-out of…

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Why the Hexo (TSX:HEXO) Stock Price Fell 19.8% in January

Cannabis stocks like Hexo (TSX:HEXO)(NYSE:HEXO) had their heads handed to them in January once again, as the downward spiral continues. When a bubble bursts, it falls hard, and Hexo’s stock price is a prime example of this. Down 19.8% in January, 75.6% in the last year and 85.1% from its highs, Hexo stock still carries too much risk and uncertainty for…

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HEXO (TSX:HEXO) Abruptly Changes Auditors: Should Investors Raise Eyebrows?

HEXO Corp (TSX:HEXO)(NYSE:HEXO) announced on Friday, February 7 that it had changed its auditors effective January 31, 2020, and this could raise some investor concerns, considering the cannabis firm was recently “pressured” to restate its earnings. The company has changed its auditors from MNP LLP to PricewaterhouseCoopers LLP, and there has been no statutorily required reportable events upon the change,…

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Here’s Why Canopy Growth (TSX:WEED) Stock Is Only Worth $15

The cannabis sector is a difficult industry; although there are going to be winners in the long run, there are also companies that are far too overvalued today, and distinguishing between the two is not easy. Since most of the industry is not yet earning a profit, and we still have to worry about other headwinds affecting the sector, it’s…

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