Weed companies continue to claim first-mover advantage to lure investors. But no one can actually tell which one has the decided edge. After the collective decline of cannabis stocks in the last quarter of 2018, investors are avoiding repetition. Cronos Group (TSX:CRON)(NASDAQ:CRON) appears to be the top performer and holds the upper hand. The stock has risen already by 95%…
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The price chart of Tilray (NASDAQ:TLRY) stock shows that a manic buying rush, which pushed this top marijuana stock to $300 a share past year, has ended. One bit of evidence of this maturity came last week when the company reported its first full quarter after Canada legalized recreational consumption of cannabis in October last year. Tilray, a British Columbia-based medical…
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Are you interested in pot stocks? If you are, you’re not alone. Pot stocks are very popular, and for good reasons. While the TSX has returned about 13% year to date, Horizons Marijuana Life Sciences ETF (TSX:HMMJ) is up 62% year to date. So, the marijuana sector in general is outperforming the whole market. But there are two pot stocks…
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Heading into April, the marijuana industry is once again on the rise. After a terrible end to 2018, Canada’s pot stocks are going up, with many of them approaching last year’s highs. Following encouraging Q3 results from Canopy, there’s a renewed sense of optimism about the marijuana industry. This time, however, it’s not necessarily Canopy that’s stealing the spotlight. If you’re…
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Consolidation continues in the Canadian marijuana sector as key players position themselves to capitalize on long-term opportunities in the country and overseas. Smaller cannabis companies that don’t have the scale or a sustainable competitive advantage are seeking partners that share their expansion objectives, while the big marijuana stocks are searching for strategic assets and capacity growth in an attempt to…
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I remain stuck between the excitement of a booming emerging industry — the cannabis industry — and the not so exciting financial and market realities of it. And then there are the nerve-wracking realities of cannabis stocks’ valuations and the expectations that are baked into them. Here are the three main reasons that I remain cautious. Highly valued stocks have the…
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The cannabis stock sector is currently the hottest sector, and you can make big money by buying pot stocks. However, while there are many companies that are trading publicly to choose from, you should be careful, because not all of them will survive in the long term. To help you in your choice, I’m presenting three promising pot stocks that…
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The marijuana industry is in the midst of an impressive comeback. After crashing post-legalization, the Canadian Marijuana Index is now up 53% year to date. One company that has been making headlines for all the right reasons is HEXO (TSX:HEXO). In 2019, the company has surged almost 90% and is among the big winners of the year. In the past…
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In Q3, Canopy Growth Corp (TSX:WEED)(NYSE:CGC) hit a major milestone by achieving $74 million in net income. Although it was not the company’s first profitable quarter, it was the first time it achieved profits that were high as a percentage of revenue. The quarter was seen as a watershed moment for the company, cementing its status as the king of the…
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New York, March 18, 2019 (GLOBE NEWSWIRE) — “If your cannabis business model doesn’t include making a positive social impact, then you have no business being in the cannabis industry—especially not in New York, fuggedaboutit!” says Michael Zaytsev, Founder of High NY, New York City’s most potent platform for cannabis education events and cannabis community empowerment. On March 21, 2019,…
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