Canopy Growth (TSX:WEED) Stock Craters But it’s Still Not Time to Sell

It’s been a tough earnings season for cannabis companies, with HEXO, Tilray, and now Canopy Growth (TSX:WEED)(NYSE:CGC) turning in disappointing results. However, while investors have been quick to sell off their shares in affected companies, the industry is brand new, and the best way to get rich in the long term is to hold onto that stock. Let’s take a…

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Could Canopy Growth’s (TSX:WEED) Drake Partnership Bring the Stock Back to Life?

The TSX has been on fire lately, setting record highs and rising through the month of November. But don’t tell that to Canopy Growth (TSX:WEED)(NYSE:CGC) investors, who’ve seen their holdings stagnate while the rest of the market has been soaring. Owing to a recent $1.23 billion loss, Canopy shares have taken a beating in the markets. Starting off the year at $39,…

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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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Why Canopy Growth (TSX:WEED) Stock Could Soar to $40 Real Soon!

Last November, Canopy Growth (TSX:WEED)(NYSE:CGC) stock traded at $45 per share. In a couple of months, it soared about 44% to $65 per share. The growth stock can experience a similar kind of soaring action this time, too. As of writing, WEED stock trades at about $26.20 per share, and it wouldn’t be far-fetched to see it soar to the…

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ALERT: 1 Week Before Aurora Cannabis (TSX:ACB) Earnings

We are a few weeks removed from the next stage of cannabis legalization. Cannabis 2.0 will introduce products like vape pens and edibles into the legal market. Aurora Cannabis (TSX:ACB)(NYSE:ACB), one of the top producers in the world, has seen its stock fall 15.7% month over month. According to Aurora’s upcoming events on its main site, the company is set…

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Could Chocolate Edibles Send Canopy Growth (TSX:WEED) Stock Higher?

“Cannabis 2.0” is here, and Canopy Growth Corp (TSX:WEED)(NYSE:CGC) is jumping in in a big way. With 32 products set to launch before December and 20 more next year, it’s fully prepared to capitalize on the newly legalized product categories. One of the most interesting products the company is rolling out is chocolate edibles. Made in partnership with Almonte’s Hummingbird Chocolates, the…

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Forget Aphria: This Pot Stock Just Recorded an Even Larger Profit!

It’s always big news when a cannabis company records a profit because it’s simply not all that common to do so. Typically, companies in the industry have been plagued with rising costs as a result of expansion, which has often prevented them from finishing in the black. It was impressive when Aphria (TSX:APHA)(NYSE:APHA) released its Q1 results back in October…

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Has Aurora (TSX:ACB) Finally Passed Canopy Growth (TSX:WEED) as the Cannabis Industry Leader?

For many cannabis investors, the goal is to own the industry leader, as it is sure to reward you with great profits down the road. The cannabis industry is one that’s finding its feet slowly, but when it’s established, it has the chance to bring great profits to participating companies, especially to those that lead the industry. Since day one,…

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Could CannTrust Shares Double in Value?

CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) has gone through a lot of turmoil since July when we first learned of the company’s illegal growing operations. Since then, shares have fallen by more than 75% in value. However, with such a massive drop in price, there’s definitely room for a big recovery for CannTrust – if it can get its cannabis licence reinstated, which would…

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