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.…

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Namaste Technologies (TSXV:N) Stock Doubles in 3 Weeks! Is There Further Upside?

Online cannabis retailer Namaste Technologies’s (TSXV:N) stock price has apparently doubled in the first three weeks of 2020 after a strong 23% surge on Wednesday raised the year-to-date return to 106% at end of day. This all happened without any company-specific news on the day. This is a strong recovery since trade in the company’s shares touched a 52-week low…

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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…

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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…

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Can Hexo (TSX:HEXO) Stock Double Your Wealth in 2020?

Shares of Canada-based marijuana company Hexo (TSX:HEXO)(NYSE:HEXO) are currently trading at $1.98. The stock has lost over 80% since April 2019 and has been one of the worst-performing stocks in the cannabis sector since the start of 2019. But we know that the optimism surrounding Cannabis 2.0 coupled with the rollout of retail stores in Ontario will hold pot companies…

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Why Aurora Cannabis’s (ACB) Stock Price Fell 16% in December

Cannabis stocks like Aurora Cannabis (TSX:ACB)(NYSE:ACB) had their heads handed to them in December once again, as the downward spiral continues.  When a bubble bursts, it falls hard, and Aurora Cannabis’s stock price is a prime example of this. Down 16% in December, 65% in the last year, and 81% from its highs, Aurora Cannabis stock still carries too much risk…

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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…

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Will Canopy Growth (TSX:WEED) Stock Bring Investors Cheer in the New Year?

Marijuana stocks had a wild ride in 2019, and investors are wondering if pot stocks can shake off the hangover in 2020 and deliver big returns for investors. Let’s take a look at Canopy Growth (TSX:WEED)(NYSE:CGC) to see if it deserves to be on your contrarian buy list for 2020. Volatile year Canopy Growth’s stock price started 2019 near $40…

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Is Canopy Growth (TSX:WEED) Stock a Buy After New CEO Appointment?

Marijuana leader Canopy Growth (TSX:WEED)(NYSE:CGC) stock rallied over 11% on Monday after the company finally announced new CEO David Klein as the preferred replacement for ousted co-founder Bruce Linton and the stepping down of interim leader and co-founder Mark Zekulin later this month. The new CEO will assume the reins on January 14 of 2020. Canopy has clearly decided to…

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Top Cannabis Stocks for December

Cannabis stocks have had a tough year. Since the summer, most marijuana ETFs have been cut in half. Yet the long-term promise remains clear. Many analysts expect global sales to hit $100 billion by 2030, representing 1,000% growth. If you want to invest in cannabis stocks, it pays to have a multi-year vision. Still, short-term market gyrations can make some…

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