Investors who have wanted to get into the cannabis industry the last few years may not have had the chance due to the astronomical valuations. While some could argue the prices for these companies are justified because of the incredible growth potential, it is still tough paying billions of dollars for companies that barely have $100 million in revenue. There…
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It is always a crucial time when one of the top cannabis companies releases its earnings report. Given the nascent nature of the industry, the performance of these firms gives us important clues as to how the market is evolving. Aurora Cannabis (TSX:ACB)(NYSE:ACB) is the latest top pot company to release its financial results. Let’s see how Aurora performed. Before…
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Cannabis stocks have become a go-to choice for Canadian investors seeking market-beating returns. With stocks like Aurora Cannabis (TSX:ACB)(NYSE:ACB) having risen over 1,000% since their IPOs, they’ve made many investors wealthy. However, as anyone who bought marijuana stocks this summer will tell you, they come with a downside: volatility. While it’s possible to make money in marijuana bull markets, you can…
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One year after legalization, Canopy Growth (TSX:WEED)(NYSE:CGC) still has got a lot of work to do to grow into its valuation and to secure its spot in the rapidly growing marijuana industry. The last year has not been good to cannabis stocks, as the bubble has finally burst, leaving shareholders reeling and potential investors spooked. Naturally, a 50% drop in share…
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Everyone wants to get $1 million in their TFSA. From there, it wouldn’t be too difficult to generate a passive-income stream of $50,000 per year or more. The question for most savers is: How do I get there? While many TFSA investors focus on picking the right stocks, there’s a much easier method of attaining great wealth. The problem is…
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Stars Group (TSX:TSGI)(NASDAQ:TSG) made its name though online poker; however, about a year ago Stars acquired Sky Betting and Gaming — a move that has truly revolutionized its operating profile. Whereas a year ago 53% of TSG’s revenues came from online poker, through the first six months of 2019, over 35% have come from online sports betting, with the other two-thirds…
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The bear came for cannabis stocks in the late spring and summer, but this has also created an opportunity for investors looking to jump into the fledgling sector. Many of the top producers still carry high valuations, but there are still mid-tier cannabis companies available that can be had for a bargain. Today, we’re going to take a snapshot of…
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The meteoric rise in cannabis stocks has minted many new millionaires. I’m not just talking about the stakeholders in large producers like Bruce Linton and Terry Booth. No, cannabis has been an electric source of growth for many fresh-faced investors in the latter half of this decade. Millennials were known for their fondness of the cannabis trade early on. A…
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Marijuana stocks have been the TSX success story of the decade. At a time when Canadian stocks as a whole have delivered tepid returns, marijuana stocks have beaten the market by leaps and bounds, even when you account for their frequent downturns. There’s no denying that marijuana stocks can make you a lot of money when times are good. In…
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Two interconnected cannabis stocks are currently hot investments. But which stock should new investors buy for capitals gains? Let’s take a quick look at Canopy Growth (TSX:WEED)(NYSE:CGC) and spin-off company Canopy Rivers (TSX:RIV) to see which one belongs in a starter Canadian cannabis stock portfolio today. The future “Coca Cola” of cannabis? Canopy Growth is still one of the major…
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