Canopy Growth (TSX:WEED)(NYSE:CGC) has fallen significantly over the past several months. The stock has not just hit a new 52-week low, but it’s trading at levels not seen in nearly two years. More than half the value of the company has been wiped out from when it was being valued at around $20 billion earlier this year. And for concerned…
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In the past year, CannTrust Holdings (TSX:TRST)(NYSE:TRST) has become the black sheep of the cannabis family. Thanks to a regulatory scandal that resulted in several holds on its product and revocation of its licence, the stock went into a death spiral in the markets. As of this writing, the stock is down 87% from its peak 2019 closing price and has…
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This morning, the European Union and the United Kingdom announced that they have reached a deal on the U.K.’s exit from the European Union. Recession fears are subdued, but we aren’t completely out of the woods yet. Markets have been volatile, if not for the U.S. trade war with China, due to uncertainty over how the U.K.’s exit from the…
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It isn’t easy taking a contrarian stance on an industry that’s been at the centre of the investment community’s attention for the past few years. However, I believe all investors should play devil’s advocate to seek out the best opportunities. And Canada’s legal pot sector seems to be screaming out for advocacy at the moment. A wave of legal issues,…
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HEXO (TSX:HEXO)(NYSE:HEXO) stock is in a free fall. From April to September, shares fell by 50%. Then, on October 10, the stock dropped 25% in a single trading session. So far, the declines are continuing. Once a $3 billion company, HEXO is now worth just $900 million. Investors and analysts are fleeing the stock en masse. What happened to this…
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Cannabis grower and retail giant Aphria (TSX:APHA)(NYSE:APHA) is set to release its first quarterly results for fiscal year 2020 on October 15 to an investor community that has been startled by a gloomy growth outlook from HEXO that triggered massive losses on industry stocks on Thursday. Could this earnings report alleviate pot market growth fears or worsen them? Aphria’s upcoming…
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Over the course of this year, Canopy Growth (TSX:WEED)(NYSE:CGC) stock has tumbled precipitously, hitting new 52-week lows, as the marijuana/cannabis bubble is no more. This, of course, has not gone unnoticed, and now investors are contemplating buying the stock at these “lows.” But is Canopy stock’s price level really that low? Or is it just a case of the fluff…
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ROUYN-NORANDA, QC, Oct. 11, 2019 /CNW Telbec/ – X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce that it has completed its first stripping and trenching program at the Grog and Northwest properties, both located in the Restigouche county in the province of New Brunswick. The program was initiated on the Grog property to follow up and explore…
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Cannabis stocks have been under the spotlight this year as poor earnings numbers have weighed heavily on the industry. Canopy Growth Corp (TSX:WEED(NYSE:CGC) is a great example of a company that’s seen a big correction in recent months and could be in danger of falling further if it continues to underperform. Below, I’ll look at what are three of the most…
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Cannabis investors more than freaked out when HEXO (TSX:HEXO)(NYSE:HEXO) released a new guidance and withdrew its earlier financial outlook for fiscal 2020 on Thursday, leading to a 24% fall in the pot firm’s stock price. Management gave a new revenue guidance for the quarter ended on July 31 at $14.5 million to $16.5 million and fiscal year 2019 revenue projection…
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