TFSA Investors: Buy Aphria (TSX:APHA) Stock

Cannabis grower and leading distributor Aphria’s (TSX:APHA)(NYSE:APHA) stock price could continue to surge and outperform industry peers in 2020, and I’m maintaining my positive outlook and reiterating a buy recommendation on this marijuana firm. In a November 2019 post, and while discussing three potential buys for 2020, I likened the stock’s potential payoff to that on a cannabis lottery ticket.…

Read More

This Pot Stock Is Perfect for a TFSA

Tax-Free Savings Accounts (TFSAs) are perfect for growth investing. As long as your money remains in a TFSA, it grows tax free, even if you turn thousands into millions. Having a limitless tax shield is an advantage you shouldn’t throw away. In 2018, cannabis investors were ecstatic as most pot stocks skyrocketed by more than 500%. The story shifted in…

Read More

Expecting a Cannabis Recovery? Don’t Bet on Canopy Growth (TSX:WEED)

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…

Read More

Aurora (TSX:ACB) Stock Has a Measly $1.30 Price Target for 2020

It is no secret that 2019 was a horrible year for investors who put their faith in the legal marijuana industry. Cannabis stocks were decimated last year with massive sell-offs after disappointing performances across the board. Shares of the cannabis giant Aurora Cannabis (TSX:ACB)(NYSE:ACB) have declined by more than 83% since March 2019. Cannabis producers in Canada are struggling with…

Read More

Will Aphria (TSX:APHA) Stock Hit Double Digits This Winter?

Aphria (TSX:APHA)(NYSE:APHA) stock is currently trading around $7, far from its 52-week high of $14.37, which was reached on February 4, 2019. The last time Aphria’s share price was in the double digits was on August 6, when the stock traded at a high of $10.05. Like other cannabis stocks, Aphria stock fell in 2019, plunging 11% over the year.…

Read More

Canopy Growth (TSX:WEED) Stock Price: Should You Buy the Bounce?

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…

Read More

The $3.1-Billion-Dollar Time Bomb That Could Sink Aurora Cannabis (TSX:ACB) Stock!

Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) was one of the worst-performing cannabis stocks of 2019. Starting off the year at $7.02, it fell to $2.50 by year’s end–a stunning 64% decline. All cannabis stocks did poorly in 2019, but ACB was one of the worst of the bunch thanks to its massive losses and hiccups in its European operations. In 2020, the company…

Read More

Will Cronos (TSX:CRON) and Altria (NYSE:MO) Take Over the Cannabis Market?

Few cannabis stocks are better positioned than Cronos Group (TSX:CRON)(NASDAQ:CRON). That’s because it has the backing of one of the most powerful, well-financed, most influential companies on the planet: Altria Group (NYSE:MO). Today, Altria is responsible for more than half of all U.S. cigarette sales. Its market cap exceeds $100 billion. That’s larger than every Canadian pot stock combined. With a $3…

Read More

3 Canadian Stocks Ready to Rise in 2020

Despite the doubters, Canada is still a great country to bet on. The S&P/TSX Composite Index has lagged global benchmarks, because it’s been weighed down by resource companies, which have been in a bear market since 2014. When you strip out oil and gas stocks, the TSX has actually done quite well. In 2020, some high-quality TSX stocks are prepared…

Read More

Why Cronos (TSX:CRON) Stock Might Be the Top Pot Investment of 2020

It’s time to invest in pot stocks again. After a difficult 2019, the market is finally regaining its footing, with many top stocks eking out small gains to start the year. Yet the year ahead won’t look anything like the bull market of 2018, where any company even remotely related to marijuana experienced an exponential rise in their share prices.…

Read More