2 Canadian Millionaire-Maker Stocks Only Found on the NASDAQ

Canada has had its fair share of millionaire-maker stocks in the past. Some of these companies made people vast fortunes overnight. Two of these stocks, which still exist today, can only be found on the NASDAQ. However, these companies are still Canadian companies, both having their headquarters in the country. These two stocks are Lululemon Athletica (NASDAQ:LULU) and Tilray (NASDAQ:TLRY). Lululemon Athletica…

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Canopy Growth (TSX:WEED) Lays Off 500 Workers: Bad News for Weed Stocks?

Canopy Growth’s (TSX:WEED)(NYSE:CGC) stock price lagged behind in March by 5.7%. This was followed by the company laying off 500 workers, as it was deemed a “non-essential” business in major provinces of the country. The layoff was a result of the marijuana giant having to shut down 23 of its stores in Manitoba, Saskatchewan, and Newfoundland and Labrador, along with…

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This Pot Stock Is Capitalizing on the Bear Market

Every pot stock has been crushed. The marijuana bear market of 2019 sent cannabis ETFs down by more than 50%. The coronavirus bear market of 2020 has compounded the damage. Pot demand continues to grow. That’s not the issue. In 2019, the problem was commoditization. Tilray sent the industry into a nosedive last summer when it reported a pricing collapse.…

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This Pot Stock Could Benefit From a Recession

While the coronavirus collapse has hit the market hard, one pot stock could actually gain from the turmoil. When cannabis stocks were surging in 2018, investors were expecting growth across the board. By 2019, most companies had seen their valuations fall by at least 50%. Many marijuana producers were building grow facilities for the first time, and revenue forecasts turned…

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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,…

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Now Is the Time to Bet on Pot Stocks

Pot stocks were hammered in 2019. Nearly every company lost at least 50% of its value. Cannabis demand, on the other hand, continues to climb. This disconnect provides patient investors a clear path to profit. As with any early-stage market, investors scrambled at the chance to inject pent-up capital into cannabis companies. In 2018, many pot stocks rose by more…

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2 Pot Stocks to Buy, 1 to Avoid

In 2018, every pot stock skyrocketed in value. In 2019, every pot stock plummeted in value. This year, expect the results to be somewhere in the middle, with some stocks performing well, while others struggle to survive. Why will 2020 be a mixed bag for cannabis investors? Looking at the results in 2018, the market was clearly rushing to supply…

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Canopy Growth (TSX:WEED) Stock Craters But it’s Still Not Time to Sell

It’s been a tough earnings season for cannabis companies, with HEXO, Tilray, and now Canopy Growth (TSX:WEED)(NYSE:CGC) turning in disappointing results. However, while investors have been quick to sell off their shares in affected companies, the industry is brand new, and the best way to get rich in the long term is to hold onto that stock. Let’s take a…

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Better Cannabis Buy: Cronos (TSX:CRON) vs. Tilray (NASDAQ:TLRY)

Cannabis investors continue to experience a steep decline in the value of their investments. However, several cannabis stocks are trading close to their 52-week lows and might gain in market value as we head into 2020. Here, we look at two stocks that have corrected significantly in the last year. The stocks are Cronos (TSX:CRON)(NASDAQ:CRON) and Tilray (NASDAQ:TLRY). Cronos went…

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TFSA Investors: Should You Own Marijuana Stocks?

Marijuana stocks have been a hot news item over the past two years. Between legalization, global expansion and massive M&A deals, there’s been a lot to keep up with. In the lead-up to legalization, weed stocks went on a massive bull run, with stocks like Tilray Inc (NASDAQ:TLRY) rising nearly 1000% in just a few months. Since then, the marijuana sector…

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