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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Pot stocks have found some new life in recent weeks, as there’s been a lot more bullishness from investors surrounding the industry. Now that edibles are available, and a new segment of the market is open for business in Canada, there’s some renewed hope that cannabis stocks have reached a bottom and that it’s a safe time for investors to…
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The second phase of cannabis legalization in Canada, often called “Cannabis 2.0,” has reinvigorated many stocks in the sector over the last few months. Cannabis ETFs have gained momentum after being pummeled for most of 2019. Horizons Marijuana Life Sciences ETF has increased 7.6% over the past month as of close on January 16. Canopy Growth remains the biggest Canadian cannabis player. Shares…
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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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Canada has a number of excellent retirement savings options, and while the oft-touted Tax-Free Savings Account (TFSA) is typically the first savings mechanism used by investors to grow tax-free income in retirement, using a Registered Retirement Savings Plan (RRSP) effectively can be an excellent way to stash away money (and take important tax deductions!) on an annual basis and watch…
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The fun industry of recreational marijuana didn’t have any fun in the stock market last year. The most influential players in the game were beaten to the ground. Aurora Cannabis, one of the largest marijuana companies, went down 59% in market value. Even Canopy Growth, the company with the most robust balance sheet, went down by 25%. But the dark…
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Aphria (TSX:APHA)(NYSE:APHA) was one of the better-performing cannabis stocks of 2019. Although its stock declined in value for the year, it fell less than most of its peers thanks to two consecutive quarters of positive net income. Aphria’s positive earnings results in 2019 were a surprise to most investors. Cannabis stocks had broadly been expected to lose money, and few expected…
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Pot stocks received a bit of a bump at the start of the year, offering much-needed relief for the troubled industry. Since the summer of 2019, most pot stocks have fallen by at least 50%, yet the new year started with a bang. Canopy Growth Corp (TSX:WEED)(NYSE:CGC), one of the largest publicly traded cannabis companies, popped from $24 to $28.…
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The entire cannabis market in Canada has been rough since recreational legalization commenced in the fall of 2018. A number of issues have affected and slowed the rollout of the industry, such as regulations, political uncertainty a competing black market, lengthy licensing processes, etc. The market has even been so competitive that some companies have even crossed the line in…
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