We have seen cannabis stocks crash and burn over the last 12 months. The high valuations of cannabis companies spooked investors, resulting in massive sell-offs after recreational sales were legalized last October. Though stocks have significantly corrected and are trading well below the 52-week lows, many of them are still expensive. The high growth rates of cannabis stocks have sent…
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Canada’s top pot company, Aurora Cannabis (TSX:ACB)(NYSE:ACB) announced its fiscal fourth quarter of 2019 (ended in June) results after market close on September 11, 2019. The company reported revenue of $98.9 million, a rise of 52% sequentially and 416% year over year. The company’s net cannabis sales grew 61% sequentially to $94.6 million. Canadian consumer sales were up 52% at…
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It appears that 2019 could still be a major letdown for the marijuana industry. After such high hopes last year, these cannabis companies have had to face a downturn in the markets, along with the loss of the hype surrounding the industry. Yet there seems to be a turning point happening in the industry today, and it’s pretty interesting to…
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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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If you’re starting to get impatient with the cannabis industry, it might be time for a new method to the madness. After a stellar summer in 2018, things have slumped and then some for pot stocks. Only a few are trading even close to fair value, even though some have posted a profit. If you’re an investor looking to stick…
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Cannabis stocks were riding high, as we moved into the spring of 2019. The glow had returned after a rough post-legalization dip for the sector. Broader market turbulence has historically had a strong impact on cannabis stocks, and the late 2018 correction was no different. Unfortunately, this momentum has not lasted. In the middle of spring, I’d warned investors that…
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Cannabis has undoubtedly been the hottest industry over the past couple of years. We’ve seen some soaring valuations and companies trade at ridiculous multiples of their sales. Even significant cash burn and mounting losses haven’t been able to keep investors away. Recently, however, we have seen more bearish activity in the industry and valuations have started to come down, but…
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It’s not often you see a stock lose nearly half of its value in just one week. However, for CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) investors, that scenario became a reality last week as the stock took a beating on news that it was producing cannabis in rooms where it wasn’t yet licensed to do so. This was followed by the news…
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Aphria Inc (TSX:APHA)(NYSE:APHA) has long been one of the more controversial marijuana stocks. Between short attacks, shareholder lawsuits, and a hostile takeover bid, the company has been involved in more drama than any of the other major weed producers. As a result of the bad press, Aphria was once among the most hated weed companies. Now, however, with Canopy Growth…
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If there’s one thing Canopy Growth (TSX:WEED)(NYSE:CGC) is really good at, it’s generating headlines. What a week it’s been for one of Canada’s top-tier cannabis producer. A flurry of attention-grabbing developments has been buffeting the stock around like a kite in a gale, only to leave it up in the air thanks to contrarian buyers looking for value in the…
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