RRSP Investors: 1 Safe Stock to Profit From the Cannabis Wave

Alimentation Couche-Tard (TSX:ATD.B) has joined the cannabis industry officially as a retailer through recognizable brands such as Couche-Tard, Circle K, Ingo, and Topaz. On May 17, 2019, the retailer opened Ontario’s first marijuana retail store in partnership with Canopy Growth (TSX:WEED)(NYSE:CGC). Alimentation had announced the partnership with Canopy Growth earlier this year after winning one of the first 25 marijuana…

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Why Canopy Growth (TSX:WEED) Just Got a Whole Lot Closer to Posting a Profit

Canopy Growth (TSX:WEED)(NYSE:CGC) knows that it needs to find a way to cut down its costs. With a big loss in its most recent quarterly earnings, investors have started to distance themselves from the stock with the share price falling again. And with Canopy Growth recently saying that it planned to be EBITDA positive, the pressure is on for the…

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You Won’t Believe How Much $10,000 Invested in Canopy Growth (TSX:WEED) in 2014 Is Worth Today

It’s no secret shares of Canopy Growth (TSX:WEED)(NYSE:CGC) have done well over the last five years. Everyone knows this. Canopy has been through a lot of changes over the last half-decade, working towards its stated goal of becoming Canada’s dominant pot company. And it has succeeded, building up everything from production to its own finished products — complete with slick…

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My Favourite Marijuana Stock for 2019

Like many in the investing world, I’m excited about the marijuana boom. Everyone expected enormous gains post-legalization. But as it turned out, the marijuana industry is more complex than initially imagined. Instead of reporting massive profits, Canadian cannabis producers are reporting staggering losses. The problem now is, how long it would take to recover those losses and post profits. As…

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Canopy Growth (TSX:WEED) Sinks: Time to Buy the Dip?

The month of May has been a bad one for Canopy Growth (TSX:WEED)(NYSE:CGC). After an epic four-month rally, shares in the world’s biggest weed company started falling, reaching as low as $60 after flirting with $70 weeks earlier. This isn’t the first time Canopy shares have tanked. Shortly after marijuana was legalized last year, weed stocks fell in a bear market…

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Why Cronos Group (TSX:CRON) Declined Despite Posting a Huge Profit in Q1

Cronos Group Inc  (TSX:CRON)(NASDAQ:CRON) released its quarterly results last week, which showed sales more than doubling from the previous year. The company also recorded a massive $428 million profit during the quarter as well. However, the stock still declined 7% last week, leaving some investors scratching their heads. Why is the stock down? Although Cronos saw a big increase in…

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Why Cronos Group Inc’s (TSX:CRON) Q4 Results Weren’t Good Enough to Give the Stock a Boost

Cronos Group (TSX:CRON)(NASDAQ:CRON) released its quarterly results yesterday in what was its first quarter that included recreational pot sales. The period ending December 31 saw revenues increase from $1.6 million to $5.6 million, for a year-over-year improvement of 248%. Although dried cannabis sales of $4.2 million were the bulk of the company’s top line, it was cannabis oil that saw the…

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These Cannabis and Lithium Stocks Are High-Octane Portfolio Fuel

Two high-performance areas of the TSX index seem to go hand in hand at the moment: metals and marijuana. While gold may have caught the eye of high-growth traders, lithium’s potential for upside should not be ignored. Therefore, let’s take a look at the data for one big Canadian lithium miner alongside some turbo-charged cannabis stocks. Lithium Americas (TSX:LAC)(NYSE:LAC) More…

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