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…

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Sun Kissed Industries, Inc. (OTC Pink: SKDI) Surges 53% After Announcing Letter of Intent to Acquire CBD Retail Distribution Company, Hakuna Supply

Sun Kissed Industries, Inc. (OTC Pink: SKDI) is focused on the acquisition and development of CBD-based product opportunities and businesses. Shares of the CBD holding company soared 53%, during trading on Thursday, November 7, 2019. Over the past month, Sun Kissed Industries has seen average daily volume of under 7,000 shares. However, volume of 3.3 million shares or dollar volume…

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Flowhub Secures $23 Million in Series A Funding

Flowhub is a cannabis retail software startup, which aims to provide dispensaries with point-of-sale, compliance, inventory monitoring, and business intelligence data. The startup’s platform is highly customizable and is first-to-market with mobile check-in and inventory management apps. Flowhub is utilized by over 700 cannabis dispensaries and processes over $1 billion in sales on an annual basis. In the past year…

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Smart Beverage Vending Machines Hit the Market

Changing the self-service sector one cup at a time by Michael Kryton, EQUITY IR contributing writer After months of planning, SUIC (Sino United Worldwide Consolidated OTC: SUIC) and iDrink Technology have successfully put 100 iDrink IoT smart beverage vending machines into operation at bars and restaurants located in four smart cities in Taiwan: Taipei, Hsinchu, Taichung, and Kaohsiung. Modern urbanization…

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Investors: 2 Risky Cannabis Stocks You Need to Avoid

Yesterday, I wrote about why cannabis stocks might be attractive to investors. The upcoming legalization of edibles is likely to drive investor optimism and might boost cannabis stocks. But there are always stocks that are risky to invest in. Let’s look at a couple of them here. CannTrust Holdings CannTrust Holdings (TSX:TRST)(NYSE:CTST) is one such risky stock among cannabis companies.…

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Is it a Good Time to Buy This Cannabis Stock Valued at $1 Billion?

Shares of leading cannabis company Charlotte’s Web Holdings (TSXV:CWEB) are trading at $22.78 per share. The stock was publicly listed in September 2018. It rose from $14.45 in September last year to $33.77 in April 2019. CWEB is trading 116% above its 52-week low and 33% below its 52-week high. Charlotte’s Web is a market leader in the production and…

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Why This Micro Cap Cannabis Stock Might Be a Winner

Fire & Flower Holdings (TSX:FAF) is a micro-cap Canada-based cannabis company. The company is valued at $152 million and was publicly listed on August 7, 2019. FAF is a cannabis retailer looking to increase market share. In the fiscal first quarter of 2019 (ended in May), FAF reported revenue of $9.58 million and a net loss of $17.05 million. So…

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Alert! This Pot Retail Stock Is a Bargain

The roll-out of cannabis retail can only be called a disappointment as we approach the one-year anniversary of recreational legalization. Ontario, Canada’s most populous province, adopted a private retail model after the election of the Ford-led Progressive Conservative government in the summer of 2018. At the time, this appeared to be very encouraging, but Ontario’s cannabis retail roll-out has been…

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1 Marijuana Company Setting Strong Roots in the U.S.

The cannabis market has come a long way in Canada. Over the past two years, sales and revenues have skyrocketed, and this upward trend will likely continue. This makes Canada a particularly attractive target for pot companies and investors looking to make a buck. However, the market south of the border promises to be even larger. Indeed, the state of…

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2 Stocks to Buy With Cannabis Edibles Set to Hit Shelves Later This Year

Canada has moved forward with cannabis offerings at a snail’s pace. Ontario, the most populous province in the country, just began offering retail cannabis over the counter in the spring. Recreational cannabis sales in Canada have been sluggish in the first half of 2019. This can only be considered a massive disappointment, as the country had a golden opportunity to…

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