This 1 Marijuana Stock Has the Highest Chance to Recover in 2020

The fun industry of recreational marijuana didn’t have any fun in the stock market last year. The most influential players in the game were beaten to the ground. Aurora Cannabis, one of the largest marijuana companies, went down 59% in market value. Even Canopy Growth, the company with the most robust balance sheet, went down by 25%. But the dark…

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Why the Aphria (APHA) Stock Price Rose 7.8% in December

Generally speaking, most cannabis stocks and cannabis investors had their heads handed to them in December. Aphria Inc. (TSX:APHA)(NYSE:APHA), by contrast, was up 7.8%. Aphria stock price movements leave investors shellshocked I would like to start off by recognizing that cannabis investors are pretty much reeling from the fallout from the bursting of the cannabis bubble. While Aphria stock price…

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Will Cannabis 2.0 Revive the Stock Price of HEXO (TSX:HEXO) in 2020?

A disappointing performance by the cannabis industry in 2019 has left a bitter taste in the mouths of investors who flocked to Canadian marijuana stocks on high hopes for the launch of the legal pot market in Canada. Supply and distribution challenges hindered the industry at the outset, followed by a lack of physical retail locations in key markets, such…

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First Day of Recreational Marijuana in Illinois Brings Big Sales of $3.2 Million

On January 1, 2020, Illinois became the 11th state to legalize recreational marijuana. Throughout the course of the first day, sales topped $3.2 million dollars. Eager customer swarmed dispensaries to be among the first in the state to legally purchase cannabis products. Undoubtedly, this also brought increased revenue to surrounding businesses – including restaurants that worked with dispensaries. Given long…

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Prediction: Canada’s Cannabis Market Will Recover in 2020

2019 was a rocky ride for marijuana investors, the first real losing year since the sector rose to prominence. A number of different factors hit the industry hard. Retail struggles dominated the story during the first half of the year, with the leading pot suppliers unable to keep up to demand. Then, the narrative changed. Suddenly, everyone focused on oversupply…

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Is it Finally Time to Buy Canopy Growth (TSX:WEED) Stock?

Marijuana stocks had a tough run in the first year of legal recreational cannabis sales in Canada. The industry initially struggled with supply shortages and distribution problems when the market launched in Q4 last year. This led to an investor exodus with many of the leading pot stocks tumbling 40-50% in a matter of weeks. Canopy Growth (TSX:WEED)(NYSE:CGC), for example,…

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Cannabis Beginners: 2 Pot Stocks for New Investors

Pot stocks were the best way to get rich in 2018. Nearly every cannabis company saw their share price increase by leaps and bounds. Doubling and tripling in value were commonplace. This year, the tables were turned. Many marijuana stocks have lost more than 50% in value. But don’t be scared: if you’ve been waiting to invest in cannabis, there…

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Canopy Growth (TSX:WEED) Stock’s Drake Partnership Pushed Stock 13% Higher

Canopy Growth (TSX:WEED)(NYSE:CGC) stock may have bottomed. It rallied 12.7% soon after the company announced that it was partnering with Canadian rapper, Aubrey Drake Graham, to launch the More Life Growth Company, a fully licensed Toronto-based cannabis producer. Under the agreement, Drake will own 60% of More Life Growth Company, while Canopy Growth will own 40%. Drake has a wide…

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Marijuana Stocks: Has Canopy Growth (TSX:WEED) Reached a Bottom?

The downward spiral that hit Canada’s marijuana sector continues unabated. Canopy Growth (TSX:WEED)(NYSE:CGC), the world’s largest cannabis producer, has lost more than 60% of its value since hitting a record high in April. The major question before investors after this massive correction is, are these beaten-down stocks close to reaching a bottom? Investors are selling marijuana stocks amid disappointing results, regulatory…

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