This Pot Stock Can Rise 10 Times in Value

In 2018, pot stocks were going gangbusters. Several new startups attained billion-dollar valuations. The party ended in 2019, when the majority of the industry fell by more than 50%. Some smaller competitors lost 90% of their value. What does the future hold for 2020? So far, the results have been mixed. The worst of the 2019 bear market is now…

Read More

2 Pot Stocks to Buy in June

Pot stocks had a wild ride last decade. We saw the near-instant formulation of billion-dollar markets. Several upstarts attained $1 billion valuations within weeks, despite having little to no operating history. Then, almost as suddenly, the market experienced a precipitous fall. Marijuana ETFs were cut in half last year. Many pot producers are now on the brink of bankruptcy. Yet…

Read More

Could Aurora Cannabis Stock Give Up Recent Price Gains Soon?

Most investors who bought Aurora Cannabis (TSX:ACB)(NYSE:ACB) common shares during the past year are still in the red, even after the recent 117% rally in Aurora Cannabis stock price over the past few trading sessions. The marijuana firm’s latest quarterly results have shown desired progress. Can we expect the positive momentum to hold for much longer, or the company is…

Read More

1 Pot Stock to Buy and 1 to Sell During the Bear Market

Pot companies surged in 2018. Many stocks doubled or tripled in value. By 2019, fortunes reversed, with nearly every marijuana producer falling by at least 50%. 2020 was supposed to be a rebound year. The coronavirus has the potential to upend that promise. The market correction has turned into a full-blown bear market, pushing down equity prices across the board,…

Read More

If You’re Going to Buy Weed, Buy It in Aggregate

If you haven’t noticed, Canadian cannabis producers are risky to own. The same volatility that allowed these companies to double on a weekly basis has allowed some of the same names to halve a weekly basis. Here’s my take on why investors looking to invest in cannabis ought to buy the Exchange-Traded Fund (ETF) tracking the sector: the Horizons Marijuana…

Read More

Is HEXO Stock a Buy After Restated Earnings?

Cannabis producer HEXO’s (TSX:HEXO)(NYSE:HEXO) stock has been on a strong rebound lately since the start of the new year and the share price closed nearly 16% higher on Wednesday as the pot industry received an Organigram Holdings powered valuation boost. The company recently filed restated financial reports for its fiscal year which ended July 31, 2019 as well as amended…

Read More

Should You Stay Away From Pot Stocks in 2020?

After booming for more than three years, the marijuana bubble started to burst in 2018 following legalization. The downhill move continued in 2019. Marijuana companies failed to meet expectations on revenue, as they had to face oversupply problems. It looks like the demand for cannabis was overestimated, and the hype has faded.  With the sharp decline in stock prices, we…

Read More

Will Cannabis 2.0 Revive the Stock Price of HEXO (TSX:HEXO) in 2020?

A disappointing performance by the cannabis industry in 2019 has left a bitter taste in the mouths of investors who flocked to Canadian marijuana stocks on high hopes for the launch of the legal pot market in Canada. Supply and distribution challenges hindered the industry at the outset, followed by a lack of physical retail locations in key markets, such…

Read More

2 Reasons to Dump Aurora Cannabis (TSX:ACB) Stock Today

Aurora Cannabis (TSX:ACB)(NYSE:ACB) stock is finally rebounding from its lowest point this year. At the time of writing, the stock is up 6.6% at market open. This relief rally comes after the company shed 36% of its value over the past six days.  Part of the reason for the turnaround is the fact that legislators in the United States seem…

Read More

Should You Buy Aurora Cannabis (TSX:ACB) Stock at $5?

The meltdown in the share prices of Canada’s top marijuana stocks has investors wondering which cannabis stock might be the best pick right now for a contrarian investment. Let’s take a look and the current situation in the market and see if Aurora Cannabis (TSX:ACB)(NYSE:ACB) deserves to be on your contrarian buy list. Growing pains The marijuana industry is still…

Read More