Should You Consider Aurora Cannabis (TSX:ACB) Stock at These Levels?

Though the leading pot stock Aurora Cannabis (TSX:ACB)(NYSE:ACB) showed some recovery recently, uncertainty might continue to weigh in. Its immense volatility might have worked in favour of the traders, but long-term investors have been brutally burned. The stock has lost more than 75% in the last 12 months. Aurora Cannabis’s poor Q2 show Aurora Cannabis yet again reported a loss…

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Canopy Growth’s (TSX:WEED) Latest 62% Revenue Growth Isn’t Repeatable

Canopy Growth (TSX:WEED)(NYSE:CGC) stock soared over 15% on Friday after the cannabis firm released a strong earnings report that revealed a 62% sequential net revenue growth to $124 million for its fiscal Q3 2019 ended in December 2019. Such high double-digit growth rates, especially on a sequential quarter-over-quarter basis, deserve a huge celebration and should naturally drive the stock price…

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Why the Hexo (TSX:HEXO) Stock Price Fell 19.8% in January

Cannabis stocks like Hexo (TSX:HEXO)(NYSE:HEXO) had their heads handed to them in January once again, as the downward spiral continues. When a bubble bursts, it falls hard, and Hexo’s stock price is a prime example of this. Down 19.8% in January, 75.6% in the last year and 85.1% from its highs, Hexo stock still carries too much risk and uncertainty for…

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Top 5 Institutional Shareholders of Canopy Growth Corporation (NYSE: CGC)

Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) has long been one of the leaders in the cannabis sector, alongside other major companies like Aurora Cannabis (NYSE: ACB) (TSX: ACB) and Aphria, Inc. (NYSE: APHA) (TSX: APHA). CGC is down nearly 7% year-to-date in 2020 already. In addition, the stock is heavily shorted, as seen with a short float of 21.31%.…

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Aurora Cannabis (TSX:ACB) Stock Investors: Buy the Dip or Bail Out After Latest Asset Write-Downs?

Aurora Cannabis (TSX:ACB)(NYSE:ACB) announced a senior management change, a significant corporate restructuring exercise, and asset write-downs that could spark another wave of disappointment among marijuana investors, further weakening the company’s stock price before financial results get released on February 13. The pot producer’s founder and CEO has announced his immediate retirement, and the appointment of the company’s executive chairman as…

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Why the Aphria (APHA) Stock Price Fell 8.7% in January

Cannabis stocks have certainly taken a beating in the last year. For some, this beating continues into 2020. Aphria Inc. (TSX:APHA)(NYSE:APHA) stock price fell once again in January, as other cannabis stocks have benefitted from investors seeking a bargain in this potentially lucrative industry. From Aphria stock target price raises to EU certification to analyst upgrades, recent Aphria stock news…

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Top Cannabis Stocks for 2020

Cannabis stocks are ready for a rebound. After a difficult 2019, valuations have compressed to attractive levels. Demand forecasts, meanwhile, continue to exceed expectations. Cowen Inc, one of the more experienced voices on cannabis, noted in 2016 that global pot sales would rise from $6 billion to $50 billion by 2026. “Cannabis prohibition has been in place for over 80…

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Why Canopy Growth’s (WEED) Stock Price Rose 10% in January

January was a big month for Canopy Growth (TSX:WEED)(NYSE:CGC) stock, as it attempts to make its way back from the marijuana bubble burst that sent it tumbling more than 60% from its 2018 highs. Could 2020 be the year that Canopy Growth stock makes its comeback? Let’s try to answer this question as we look into the reasons why Canopy…

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3 Warning Signs for Cannabis Investors

Boy, what a year 2019 was for investors in Canada’s new cannabis industry. The mood among many has certainly shifted, and the euphoria with which companies were gobbling each other up has abated. Horizons Marijuana Life Sciences Index ETF is now down 65% from its 52-week high in early 2019 (not its overall peak). Questions about where the bottom is remain, and…

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Namaste Technologies (TSXV:N) Stock Doubles in 3 Weeks! Is There Further Upside?

Online cannabis retailer Namaste Technologies’s (TSXV:N) stock price has apparently doubled in the first three weeks of 2020 after a strong 23% surge on Wednesday raised the year-to-date return to 106% at end of day. This all happened without any company-specific news on the day. This is a strong recovery since trade in the company’s shares touched a 52-week low…

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