Is HEXO Stock a Buy After Restated Earnings?

Cannabis producer HEXO’s (TSX:HEXO)(NYSE:HEXO) stock has been on a strong rebound lately since the start of the new year and the share price closed nearly 16% higher on Wednesday as the pot industry received an Organigram Holdings powered valuation boost. The company recently filed restated financial reports for its fiscal year which ended July 31, 2019 as well as amended…

Read More

The $3.1-Billion-Dollar Time Bomb That Could Sink Aurora Cannabis (TSX:ACB) Stock!

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…

Read More

Will Cronos (TSX:CRON) and Altria (NYSE:MO) Take Over the Cannabis Market?

Few cannabis stocks are better positioned than Cronos Group (TSX:CRON)(NASDAQ:CRON). That’s because it has the backing of one of the most powerful, well-financed, most influential companies on the planet: Altria Group (NYSE:MO). Today, Altria is responsible for more than half of all U.S. cigarette sales. Its market cap exceeds $100 billion. That’s larger than every Canadian pot stock combined. With a $3…

Read More

4 Must-Know Developments in Aphria’s (TSX:APHA) Q2 2020 Earnings Report

Canadian marijuana producer Aphria (TSX:APHA)(NYSE:APHA) released its fiscal second-quarter 2020 results for the period ended November 30, 2019, on Tuesday in a report in which management stressed strong consumer cannabis revenue growth and three quarters of positive EBITDA, but there is a lot more to chew when one closely examines the numbers. Here are some takeaways from the company’s latest…

Read More

Can Hexo (TSX:HEXO) Stock Double Your Wealth in 2020?

Shares of Canada-based marijuana company Hexo (TSX:HEXO)(NYSE:HEXO) are currently trading at $1.98. The stock has lost over 80% since April 2019 and has been one of the worst-performing stocks in the cannabis sector since the start of 2019. But we know that the optimism surrounding Cannabis 2.0 coupled with the rollout of retail stores in Ontario will hold pot companies…

Read More

3 Canadian Stocks Ready to Rise in 2020

Despite the doubters, Canada is still a great country to bet on. The S&P/TSX Composite Index has lagged global benchmarks, because it’s been weighed down by resource companies, which have been in a bear market since 2014. When you strip out oil and gas stocks, the TSX has actually done quite well. In 2020, some high-quality TSX stocks are prepared…

Read More

Why Cronos (TSX:CRON) Stock Might Be the Top Pot Investment of 2020

It’s time to invest in pot stocks again. After a difficult 2019, the market is finally regaining its footing, with many top stocks eking out small gains to start the year. Yet the year ahead won’t look anything like the bull market of 2018, where any company even remotely related to marijuana experienced an exponential rise in their share prices.…

Read More

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…

Read More

Rich Stock, Poor Stock: The Tale of 2 Stocks in 2019

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…

Read More