The marijuana boom was supposed to happen last year. Investors expected the likes of Canopy Growth, Aphria, and Aurora Cannabis (TSX:ACB)(NYSE:ACB) to reach stratospheric heights in prosperity. Instead, the legal marijuana sector faced an enormously challenging year. Canadian investors saw both big and small names in the industry struggle. The three major cannabis producers tanked to devastating lows after climbing to…
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It is no secret that 2019 was a horrible year for investors who put their faith in the legal marijuana industry. Cannabis stocks were decimated last year with massive sell-offs after disappointing performances across the board. Shares of the cannabis giant Aurora Cannabis (TSX:ACB)(NYSE:ACB) have declined by more than 83% since March 2019. Cannabis producers in Canada are struggling with…
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Pot stocks have found some new life in recent weeks, as there’s been a lot more bullishness from investors surrounding the industry. Now that edibles are available, and a new segment of the market is open for business in Canada, there’s some renewed hope that cannabis stocks have reached a bottom and that it’s a safe time for investors to…
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Hexo’s stock price has tumbled about 80% from its high. Buying cannabis stocks is like going on a roller-coaster ride with your eyes closed — you don’t know when you’ll fall or be upside down in a loop. For more certain returns, invest in Brookfield Property Partners (TSX:BPY.UN)(NASDAQ:BPY). Price action Hexo investors probably don’t care about fundamentals, because the company is…
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Investors in the Canadian cannabis space have undoubtedly been hit hard of late. The Exchange-Traded Fund (ETF) tracking the sector, Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) has dipped to near-record lows of late on headwinds related to profitability across the sector, a number of recalls, and issues surrounding the black market and the willingness of Canadians to pay full pop…
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Supreme Cannabis Company Inc (TSX:FIRE) was once on top of the world. At the start of 2018, it was a billion dollar company. Investors were rushing in to take advantage of the emerging cannabis boom. Then, everything changed. With a current valuation of just $195 million, Supreme Cannabis risks falling off the radar completely. The rapid deterioration of shareholder value…
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Canada has a number of excellent retirement savings options, and while the oft-touted Tax-Free Savings Account (TFSA) is typically the first savings mechanism used by investors to grow tax-free income in retirement, using a Registered Retirement Savings Plan (RRSP) effectively can be an excellent way to stash away money (and take important tax deductions!) on an annual basis and watch…
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The fact that cannabis producer Organigram Holdings (TSX:OGI)(NASDAQ:OGI) delivered a 102% year-over-year net revenue growth for the recently reported first quarter of fiscal 2020 doesn’t move me as much as a 54% sequential sales increase over a recent previous quarter does. The year-over-year comparison pits one quarter with very little recreational pot sales generated in just one full month and…
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Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) was one of the worst-performing cannabis stocks of 2019. Starting off the year at $7.02, it fell to $2.50 by year’s end–a stunning 64% decline. All cannabis stocks did poorly in 2019, but ACB was one of the worst of the bunch thanks to its massive losses and hiccups in its European operations. In 2020, the company…
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The Toronto Stock Exchange (TSX) reached an all-time high of 17,230.58 in December of 2019. There were winners, like AltaGas Canada (TSX:ACI), and a handful of losers that includes Hexo (TSX:HEXO)(NYSE:HEXO). The two companies have contrasting turnouts last year that merit investor attention. Rich stock With its steady performance last year, you can say that AltaGas Canada is one of 2019’s…
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