Are Pot Stocks Like Aurora Cannabis (TSX:ACB) and Hexo (TSX:HEXO) Running Out of Cash?

We know that cannabis companies have been struggling with structural and regulatory issues for a while. Most pot companies have reported less-than-impressive quarterly results over the last year, resulting in an extended bear run for investors. The recreational marijuana industry has been rattled by illegal sales that still account for 40% of total Canadian cannabis sales. The slower-than-expected roll-out of…

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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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If You’d Invested $10,000 in Canopy Growth (TSX:WEED) at Legalization, This Is How Much You’d Have Today

Canopy Growth (TSX:WEED)(NYSE:CGC) has seen much better days. The stock, along with many of its peers, has seen some epic declines this year. Since the beginning of 2019, Canopy Growth’s shares have fallen by 36% as of the end of last week. However, that doesn’t tell the whole story, as the whole cannabis sector has been struggling since recreational marijuana…

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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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Is Canopy Growth (TSX:WEED) Stock a Contrarian Buy at $20?

The downward spiral in the share price of Canopy Growth (TSX:WEED)(NYSE:CGC) and other pot stocks continues. What’s going on? Canada’s largest marijuana company just reported disappointing results for its most recent quarter ended September 30, 2019. Canopy Growth lost $374 million for the quarter, representing a 13% increase in losses compared to the same period last year. Management says the…

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Is HEXO (TSX:HEXO) Stock a Contrarian Buy?

The high-flying cannabis sector has hit some turbulence in the past six months and investors are wondering whether the pullback has simply gone too far. Volatility in marijuana stocks is not new and investors should expect that trend to continue as the sector works through the growing pains associated with the emergence of a new industry. Analysts and investors agree…

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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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These Pot Stocks Have the Most Cash

The cannabis industry is in turmoil. Since 2019, many marijuana ETFs are down more than 50%. Making matters worse, cannabis pricing is in a free fall. This shouldn’t come as a surprise. At the start of the year, I stressed that no one is paying attention to the number one risk in the pot industry: commoditization. Consider Washington State. In…

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Sundial Growers, Inc. (NASDAQ: SNDL) Rebounds 19% After Issuing Statement on “Baseless Class Action Lawsuits”

Sundial Growers, Inc. (NASDAQ: SNDL) is a Canadian cannabis company, which is engaged in the cultivation and production of cannabis flower for medical, wellness, and recreational purposes. The company maintains a flagship production facility in Olds, Alberta and a second facility located in Rocky View, Alberta. Sundial Growers is working on construction of a third facility in Merritt, British Columbia.…

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Aphria (TSX:APHA) Loses its Biggest Customer: Sell the Cannabis Stock?

News on Tuesday is that cannabis firm Aphria (TSX:APHA)(NYSE:APHA) has lost a major supply deal that could have materially benefited the company and its stock investors over the next five strong years, and the company could be liable to refund the customer and pay damages. What we know Aphria entered an initial five-year wholesale cannabis supply agreement with Emblem Corp…

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