Canopy Growth (TSX:WEED)(NYSE:CGC) has fallen significantly over the past several months. The stock has not just hit a new 52-week low, but it’s trading at levels not seen in nearly two years. More than half the value of the company has been wiped out from when it was being valued at around $20 billion earlier this year. And for concerned…
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It is no secret; the cannabis boom has been a bust in 2019. After pot stocks took the market by storm in late 2017, momentum hit a feverish pitch around this time last year. Recreational marijuana was legalized, and the industry was eternally optimistic. Then reality set in. The cannabis industry was overvalued and was bid up to a point…
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The cannabis sector has been very popular over the last few years, but more so now, as the industry matures, and companies try to turn a profit. This earnings season, a lot will be made of companies’ operations and what they have done to improve their position in the industry and grow their margins toward profitability. Over the last few years,…
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In the past year, CannTrust Holdings (TSX:TRST)(NYSE:TRST) has become the black sheep of the cannabis family. Thanks to a regulatory scandal that resulted in several holds on its product and revocation of its licence, the stock went into a death spiral in the markets. As of this writing, the stock is down 87% from its peak 2019 closing price and has…
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The cannabis market should continue to grow for the next decade and beyond. Many analysts believe the global market could surpass $100 billion in sales by 2030. In order to meet surging demand, pot companies have been ramping their capacity and infrastructure at breakneck speeds. They’ve also been working to secure valuable partnerships to accelerate market adoption. Even if the…
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Marijuana is going to be big business. According to research firm Cowen Inc, the cannabis market should hit $75 billion in sales by 2030, up from $50 billion in 2026. Few markets are growing faster or have as much promise as legalized pot. Yet there are some opportunities that will be bigger than marijuana. Take a look at the largest…
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Most pot stocks are in the doghouse, including industry leaders like Aurora Cannabis (TSX:ACB)(NYSE:ACB). Investors find it utterly disappointing to see promising cannabis companies lose market values one after the other. Aurora is no exception. However, with the stock price nearing its all-time low, is it time to buy? Lost momentum Aurora Cannabis was starting to gain momentum in January…
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Similar to nearly every other weed stock, Aurora Cannabis (TSX:ACB)(NYSE:ACB) has plummeted this year. The company has shed nearly two-thirds of its market value and is now trading at a two-year low. The reason for this is clear: the first full year of legal marijuana sales in Canada haven’t worked out as anyone expected. The new producers haven’t displaced the…
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It’s been a horrible year for legal marijuana stocks across the board. Collectively, the top three players have shed billions in market value and currently trading at less than half their price at the start of the year. Some smaller players are indeed on the verge of bankruptcy. The outlook is dire and the industry is struggling to find its…
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Shares of Supreme Cannabis (TSX:FIRE) are trading at $0.91. The stock has lost 45% year to date and is down almost 50% in the last 12 months. Supreme Cannabis was publicly listed back on June 1, 2017, and closed trading at $1.22 that day. The stock reached a record high of $3.04 in January 2018 but has lost considerable value…
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