When Canada legalized recreational cannabis in October 2018, many industry experts expected that supply would be an early issue. This forecast turned out to be correct in the first months of legalization, as demand far outpaced what retailers were able to deliver. The rollout was complicated by varying regulations across the provinces. Ontario, the most populous province in Canada, only…
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There are a lot of pot stocks for investors to choose from out there, but not all of them have the same potential. The Canadian pot market is steadily growing, but in terms of potential size, it is nowhere near its neighbour to the south. Even now, with 11 states having legalized cannabis, there’s much more opportunity for growth in…
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Investors in troubled e-commerce retailer of medical cannabis and accessories Namaste Technologies (TSXV:N) finally managed to have a glance at the company’s fiscal 2018 results aftermarket on Friday, May 31, a solid two months later than initially required. Then the stock tanked 18% on Monday to trade 80% lower than the 52-week highs seen in September last year. The company…
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There are plenty of enticing stocks for cannabis investors to buy today, but there is no shortage of ones to avoid either. There are a lot of pretenders in the industry that are vying to grab market share and make it big. However, whether they might still be around in a few years’ time is a different story, as the…
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Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) hit $65 million in net revenue in its most recent quarter. It was quadruple the $16 million in sales that the company did a year ago, but that doesn’t tell the whole story. Here are my three takeaways from the company’s Q3 results. Sales were up, but still not where they were supposed to be Investors…
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Canadian marijuana producer CannTrust Holdings (TSX:TRST)(NYSE:CTST) stock rallied as high as 11% during morning trade on Tuesday, as the market reacted to the company’s latest quarterly earnings installment. Investors had some justifiable reasons to celebrate the company’s redeeming set of financials after a poor show in a previous quarter. I’ll discuss some notable takeaways from the quarterly installment. A strong…
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Next week Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) will be reporting its third- quarter fiscal 2019 results. At this time, I would like to do a quick review of Aurora’s stock price performance this year, and in fact, in the last two years. Pulling up a two-year price graph, we can see that the bulk of the gains in the stock price…
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Aphria Inc (TSX:APHA)(NYSE:APHA) closed at under $10 on Monday as the stock has dropped 20% since the release of its earnings a few weeks earlier. The stock has sent its shareholders on a bit of a roller coaster over the past 12 months, with the share price reaching as high as $22 and then falling to below $5. It’s easy…
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Marijuana stocks are once again on the wane. After months of solid returns, marijuana leaders like Canopy Growth Corp (TSX:WEED)(NYSE:CGC) began sliding in March, with some down as much as 11% in a month. Although marijuana is a highly volatile sector, the present bearish trend comes at a time when most TSX stocks are doing well, so it may reflect more…
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LGC Capital, Ltd. (TSXV: LG) (OTCQB: LGGCF) operates as a Canada-based global cannabis company with over 450,000 sq. ft. of marijuana cultivation space across Jamaica, Switzerland, Australia, and Italy. Shares of the global cannabis company are seeing shares rally 20%, through early trading on Thursday, April 4, 2019. Over the past three months, LGC Capital has seen average daily volume…
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