When the year began, expectations for the cannabis industry were off the charts — and the performance of pot stocks during the first quarter confirmed it. The Horizons Marijuana Life Sciences ETF, the first cannabis-focused exchange-traded fund, galloped higher by…
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This Is the Best Marijuana Earnings Report of the Entire Quarter
When the year began, investors expected the world of marijuana stocks. Canada had just become the first industrialized country in the modern era to legalize adult-use weed in Oct. 2018, and it was believed that Health Canada would green light…
Better Buy: Aphria vs. Canopy Growth
It’s been a rough summer and fall for Canadian cannabis stocks. Valuations are at two-year lows. Cannabis companies reported losses and trimmed expansion plans. Then the vaping crisis hit, sending shares tumbling even further. In the markets, sometimes promising investments…
Is Canopy Still the Top Canadian Cannabis Company After Earnings?
Last week, some of the top Canadian pot companies released their quarterly earnings reports, and every single one of them performed worse than expected. Leading this mediocre showing that horrified investors was Canopy Growth (NYSE:CGC)…
Why Aurora Cannabis, Canopy Growth, and HEXO Shares Are Jumping Today
Shares of Canopy Growth (NYSE:CGC) were jumping 15% higher as of 11:51 a.m. EST on Wednesday, with two of its peers also enjoying nice gains. Aurora Cannabis (NYSE:ACB) shares were also up 15%, while shares of HEXO (NYSE:HEXO) rose 8.8%…
Canopy Growth: Sell, Buy or Hold?
Last week, Canopy Growth reported Q2 2020 earnings for the period ending September 30, 2019. The company reported an adjusted EBITDA loss of $155.7 million versus $96.1 million that was expected by analysts. However, revenue came in at just $76.6 million…
This Cannabis Stock Gained, While Most Sank Last Week
Cannabis stocks, which have largely been in a downtrend since the spring, had a particularly bad week. Most of the major stocks in the group suffered double-digit percentage losses in a week where the broader market returned nearly 1%. The…
Cannabis Stocks Are Legally Fooling You — Here’s How
One year ago, it looked as if the cannabis industry would not be stopped. Canada had just become the first industrialized country in the modern era to legalize recreational marijuana, derivative products were expected to be launched by no later…
Why Canopy Growth Stock Just Dropped 14%
Shares of Canopy Growth (NYSE:CGC) dropped precipitously in early Thursday trading, and were down 14.1% as of 10 a.m. EST today, after the Canadian cannabis company announced fiscal Q2 2020 earnings this morning. And by “earnings,” I mean “losses…
Better Buy: OrganiGram Holdings (OGI) vs. Canopy Growth (CGC)
Cannabis stocks have lost much of their appeal over the past few months. With both small and large caps losing a significant chunk of their market value, investors are right to wonder how much longer the cannabis sector will continue…