Last year was painful for cannabis investors. Most of the major pot stocks plunged, as the cannabis bubble popped because of fears that many will struggle to become profitable in an undetermined market. Canopy Growth (TSX:WEED)(NYSE:CGC) reported a slew of losses, which, coupled with regulatory investigations and the increased likelihood of marijuana being removed as a U.S. federal schedule one…
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The marijuana boom was supposed to happen last year. Investors expected the likes of Canopy Growth, Aphria, and Aurora Cannabis (TSX:ACB)(NYSE:ACB) to reach stratospheric heights in prosperity. Instead, the legal marijuana sector faced an enormously challenging year. Canadian investors saw both big and small names in the industry struggle. The three major cannabis producers tanked to devastating lows after climbing to…
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After a heavy beating in 2019, when cannabis firms’ shares fell 80% from their peak valuation to less than $2.80 at year-end, Aurora Cannabis’s (TSX:ACB)(NYSE:ACB) stock price hasn’t performed any better so far in 2020. Some investors may wish they had invested in an embattled CannTrust Holdings (TSX:TRST)(NYSE:CTST) in January this year instead. During the first 20 days of 2020,…
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It is no secret that 2019 was a horrible year for investors who put their faith in the legal marijuana industry. Cannabis stocks were decimated last year with massive sell-offs after disappointing performances across the board. Shares of the cannabis giant Aurora Cannabis (TSX:ACB)(NYSE:ACB) have declined by more than 83% since March 2019. Cannabis producers in Canada are struggling with…
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Aphria (TSX:APHA)(NYSE:APHA) stock is currently trading around $7, far from its 52-week high of $14.37, which was reached on February 4, 2019. The last time Aphria’s share price was in the double digits was on August 6, when the stock traded at a high of $10.05. Like other cannabis stocks, Aphria stock fell in 2019, plunging 11% over the year.…
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Cannabis investors have lost a significant portion of their investment since the last quarter of 2018. Investors were rightly concerned over the high valuation metrics of pot stocks, and this started the bear run for marijuana companies. Further, the revenue estimates for most cannabis companies seemed to have been overstated, as most analysts failed to consider the impact of Canada’s…
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Aurora Cannabis (TSX:ACB)(NYSE:ACB) was once the hottest cannabis stock in the world. In 2016, shares tripled. In 2017, they quadrupled. In 2018, the stock hit a high of $14, when just a few years prior, it was valued at $0.50. Last year, everything changed. The bear market of 2019 may ultimately go down as one of the most painful periods in…
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Hexo’s stock price has tumbled about 80% from its high. Buying cannabis stocks is like going on a roller-coaster ride with your eyes closed — you don’t know when you’ll fall or be upside down in a loop. For more certain returns, invest in Brookfield Property Partners (TSX:BPY.UN)(NASDAQ:BPY). Price action Hexo investors probably don’t care about fundamentals, because the company is…
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Marijuana stocks have picked up a new tailwind in recent days, and investors are wondering if this could be the start of another big rally for share prices of the cannabis producers. Cannabis 2.0 Canopy Growth (TSX:WEED)(NYSE:CGC) is a leader in the Canadian and global marijuana industry. The stock has traded as high as $70 per share in the past…
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Supreme Cannabis Company Inc (TSX:FIRE) was once on top of the world. At the start of 2018, it was a billion dollar company. Investors were rushing in to take advantage of the emerging cannabis boom. Then, everything changed. With a current valuation of just $195 million, Supreme Cannabis risks falling off the radar completely. The rapid deterioration of shareholder value…
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