Rich Stock, Poor Stock: The Tale of 2 Stocks in 2019

The Toronto Stock Exchange (TSX) reached an all-time high of 17,230.58 in December of 2019. There were winners, like AltaGas Canada (TSX:ACI), and a handful of losers that includes Hexo (TSX:HEXO)(NYSE:HEXO). The two companies have contrasting turnouts last year that merit investor attention. Rich stock With its steady performance last year, you can say that AltaGas Canada is one of 2019’s…

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Why Did Canopy Growth (TSX:WEED) Stock Gain Almost 20% Yesterday?

Shares of Canada’s top cannabis company, Canopy Growth (TSX:WEED)(NYSE:CGC) rose close to 20% on November 20, 2019. The stock lost 33% in market value between November 8 and November 18, as the company reported underwhelming September-quarter results. Canopy disappointed investors with less-than-estimated revenue and earnings. Poor earnings of several other cannabis companies resulted in mayhem in the last week. Canopy…

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Will Cronos (TSX:CRON) Stock Move Higher After a 25% Decline Last Week?

Shares of leading cannabis company Cronos Group (TSX:CRON)(NASDAQ:CRON) fell over 25% in the last week. Why did Cronos Group investors lose a quarter of their market value in the week ended on November 15, 2019? Cronos Group announced its third-quarter results on November 12 and reported sales of $12.7 million — 238% higher compared to sales of $3.76 million in…

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TFSA Investors: 1 Little-Known Stock That Has Doubled Like Shopify (TSX:SHOP) in 2019

High-growth stocks are best stashed in a TFSA, no matter how high they appreciate, investors don’t have to worry about potential capital gains taxes in the future. Shopify’s (TSX:SHOP)(NYSE:SHOP) stock has been a darling for TFSA growth investors over the past few years due to its massive share price gains over the period which top 656% since three years ago.…

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Could Canopy Growth’s (TSX:WEED) Drake Partnership Bring the Stock Back to Life?

The TSX has been on fire lately, setting record highs and rising through the month of November. But don’t tell that to Canopy Growth (TSX:WEED)(NYSE:CGC) investors, who’ve seen their holdings stagnate while the rest of the market has been soaring. Owing to a recent $1.23 billion loss, Canopy shares have taken a beating in the markets. Starting off the year at $39,…

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Why Canopy Growth (TSX:WEED) Stock Could Soar to $40 Real Soon!

Last November, Canopy Growth (TSX:WEED)(NYSE:CGC) stock traded at $45 per share. In a couple of months, it soared about 44% to $65 per share. The growth stock can experience a similar kind of soaring action this time, too. As of writing, WEED stock trades at about $26.20 per share, and it wouldn’t be far-fetched to see it soar to the…

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Is Aurora Cannabis (TSX:ACB) Stock Too Cheap to Pass Up?

The 2015 Canadian federal election sparked a massive run for cannabis stocks. Unsurprisingly, the aftermath of the 2019 election has not been as friendly to the sector. Cannabis equities, especially for the top producers, have been in a funk since the middle of spring. Aurora Cannabis (TSX:ACB)(NYSE:ACB) is the second-largest cannabis company by market cap on the TSX. Shares have…

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Aphria (TSX:APHA) Earnings Drives Cannabis Stocks Higher

Shares of leading cannabis company Aphria (TSX:APHA)(NYSE:APHA) gained over 15% yesterday after its fiscal first quarter of 2020 (ended in August) results were released. Aphria reported sales of $126.1 million with adjusted earnings per share (EPS) of $0.07. Analysts estimated the firm to post revenue of $132.2 million with EPS of -$0.02. Though Aphria revenue missed estimates, it crushed the…

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Did Regulators Let CannTrust (TSX:TRST) Get Off Too Easy?

CannTrust Holdings (TSX:TRST)(NYSE:CTST) shrouded the cannabis industry in scandal after authorities found secret grow rooms and unauthorized inventory in CannTrust facilities. Illegal marijuana producers use similar tactics to distribute the product in the black market. The news brought the stock down from its 52-week high of $15.50 to the current price of $1.20. Legalizing an entire industry presents many challenges,…

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Will Canopy Growth (TSX:WEED) Run Out of Cash Before it Becomes Profitable?

Early investors in Canada’s legalized marijuana market have been having a horrible year. Investor sentiment in the sector seems to have moved from exuberance to utter dismay within just a few months. Cannabis companies have shed billions in value while heads have rolled at the top.  Perhaps the biggest loser this year in absolute dollar terms has been the nation’s…

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