That Canadians are stressed shouldn’t come as much of a shock. After all, the COVID-19 crisis has sent stocks plummeting, one in three Canadians worry they won’t make rent or mortgage payments, and thousands of people have lost their jobs. It’s therefore little wonder that some Canadians have turned to cannabis for stress relief. Canadians have flooded online cannabis retail…
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Equity markets are making a comeback this week after several governments announced a slew of economic measures to fight COVID-19. In the last three days, the iShares S&P/TSX 60 Index has gained close to 20%. This recovery has driven stocks of a number of companies higher. Several marijuana stocks are roaring back to life as well after a disappointing 2019.…
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Every pot stock has been crushed. The marijuana bear market of 2019 sent cannabis ETFs down by more than 50%. The coronavirus bear market of 2020 has compounded the damage. Pot demand continues to grow. That’s not the issue. In 2019, the problem was commoditization. Tilray sent the industry into a nosedive last summer when it reported a pricing collapse.…
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Relief measures saw the TSX bounce 7% Tuesday. However, safe investments are still the order of the day. The country’s biggest stock exchange is still down by 5% on average for the past five days of trading. Value opportunities will be abundant in the coming weeks, so get out those watch lists. Investors could consider adding shares in stages, owning…
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Cannabis stocks took a beating during a coronavirus-induced market crash that deepened in March amid heightened and legitimate investor fears of a near-term economic recession. My prior proposition was that the marijuana industry could prove resilient during economic down turns. Will cannabis stocks prove defensive? Cannabis-resilient… like alcohol? Beer and alcohol demand usually remains strong during economic downturns, which makes…
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Coronavirus fears are rattling the market. While some are predicting a quick rebound, as time goes on, those hopes are being dashed. International experts now worry that social distancing measures may persist through the end of 2020, which could lead to massive layoffs and the shuttering of thousands of small businesses. Larger companies won’t be spared. Some were hoping to…
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A year ago, many investors in Canada’s cannabis industry were boasting of their incredible returns. Investors were doubling or tripling their money in a short amount of time on any company that planted a cannabis plant with a licence from Health Canada. Since a year ago, most of these same companies have been halved three times over. The broader Horizons…
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While the coronavirus collapse has hit the market hard, one pot stock could actually gain from the turmoil. When cannabis stocks were surging in 2018, investors were expecting growth across the board. By 2019, most companies had seen their valuations fall by at least 50%. Many marijuana producers were building grow facilities for the first time, and revenue forecasts turned…
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Pot stocks were crushed during the 2019 marijuana downturn. The 2020 coronavirus pandemic has made a bad situation worse. Many investors are hoping that the coronavirus crash will be a brief affair. Encouraging data points from China and South Korea prove that the pandemic can be contained, but countries like the U.S. and Canada could be weeks or months away…
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Cronos Group (TSX:CRON)(NASDAQ:CRON) stock price fell by 12% early on Wednesday to give up some of its near 13% gains on Tuesday after the marijuana firm said it will effect a 40% charge on its third quarter 2019 revenue and will make a similar adjustment in its restated Q1 2019 earnings results. Cronos will reduce its first-quarter and third-quarter revenues…
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