Cannabis and cryptocurrency are two of the biggest emerging industries this year. After last year’s $5 billion Canopy Growth Corp deal and this year’s Bitcoin comeback, both sectors are attracting speculative interest and making headlines around the world. Right now, crypto appears to be the hotter of the two, as marijuana stocks have been tanking after a series of disappointing quarterly reports.…
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It’s not often you see a stock lose nearly half of its value in just one week. However, for CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) investors, that scenario became a reality last week as the stock took a beating on news that it was producing cannabis in rooms where it wasn’t yet licensed to do so. This was followed by the news…
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While still not legal yet within Canada for recreational consumption, the official legalization of cannabis derivative products appears to be right around the corner. In this post, I’ll explain why nearly 12 months after recreational cannabis legalization, the market for derivative applications like edibles, oils, beverages, and creams could prove to be absolutely mind-blowing. Last month, Health Canada released its…
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It’s been a rough week for Canadian cannabis producer CannTrust Holdings (TSX:TRST)(NYSE:CTST) and, of course, for its shareholders. The Ontario-based company is the latest cannabis producer to join the list of pot companies involved in scandal. In CannTrust’s case, the company admitted before opening bell on July 8 that its Niagara greenhouse was found to be non-compliant by Health Canada. Not…
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After a remarkable start to the year, the world’s best marijuana stocks are coming under pressure. A sudden change in investors’ hearts is causing widespread losses in some high-flying marijuana stocks and making long-term investors nervous. According to a recent report in Bloomberg, the biggest factor that’s triggered the latest spell of sell-off is investors’ concern about the future profitability.…
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It’s been an exciting two years for investors who’d picked up pot before it got hot. For those who got in on the ground floor, you’re likely even now sitting back and feeling pretty proud of yourself for buying up a few big names before they soared. With prices reaching fever pitch back in the summer of 2018 and again…
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The impact that a CEO has on a company can make a big difference in how the stock does. If Apple hadn’t been run by Steve Jobs, it’s unlikely that the company would be as admired as it is today with the cult-like following it has. The level of innovation coming from the company has noticeably declined since Jobs’s death, as…
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Cannabis producer Cronos Group (TSX:CRON)(NASDAQ:CRON) is going ahead with a disruptive competitive strategy for the pot industry after announcing a planned strategic acquisition on Thursday. The company is evidently demonstrating a serious commitment to a new technology that could smear mud in Canopy Growth’s (TSX:WEED)(NYSE:CGC) face and ravish the stock. What’s new on Cronos Group? The company announced an agreement…
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It’s a question that we haven’t had to ask very many times, what with cannabis stocks seemingly only going up, but at this time it is a very relevant question. Should you buy Canopy Growth (TSX:WEED)(NYSE:CGC) on weakness? Similarly, should you buy Aurora Cannabis (TSX:ACB)(NYSE:ACB) on weakness? And while we’re add it, let’s also explore which of these two cannabis…
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As much as it pains me as a value investor to admit, I’ve still got to get this off my chest. Anyone who has ignored the marijuana sector over the last five years has missed out on some truly remarkable returns. I don’t believe investors can ignore the space any longer. It has become a must-invest sector. Most investors realize…
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