Cannabis stocks have gained success in the United States and Canadian market. It is important for the investors to understand that the investment in cannabis is not limited to growing, retailing or distribution of the weed. There are many companies providing indirect services for real estate, pharma, biotechnology and other sectors associated with the cannabis segment. It is important to know whether the stocks you’re buying are good or bad cannabis stocks. The investors need to do their own research to make the decision to buy the marijuana stocks having less per share value. People need to get access to … Read More
April was not a particularly great month for many stocks and especially so for those who belong to the cannabis sector. However, Aphria Inc (TSX:APHA) (NYSE:APHA) proved to be one of the exceptions in this regard and went against the tide to record substantial gains.
Aphria stock managed to deliver gains of 25.5% for the month, and there are two significant factors behind the spike. In March, the stock had recorded significant declines as investors sold off their positions due to the impact of the coronavirus pandemic on supply chains and sales. However, those fears had not actually … Read More
Due to the overall slowdown in the cannabis space, some companies had put off construction projects, but Cresco Labs Inc (CSE:CL) (OTCQX:CRLBF) is one of the exceptions in this regard. This past Friday it emerged that the company has completed the expansion of its facility located in Brookville in Pennsylvania.
It is a major development for Cresco Labs considering the fact that the company will be able to cultivate marijuana and also produce associate products at the facility. Prior to the expansion, the facility only had 22000 square feet of cultivation space but now it stands at as … Read More
The cannabis sector has been in trouble for many months now, and some of the biggest companies in the sector have experienced steep declines in their stock prices. Cronos Group (TSX:CRON) (NASDAQ:CRON) has not been able to escape either, and in 2020 so far, the stock has declined by as much as 27%.
This past Friday, the company announced its financial results for the 1st quarter, and it could be worthwhile for investors to take a closer look at the performance. Here is a quick look at some of the highlights and takeaways from the company’s first-quarter results. … Read More
Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) is now firmly established the biggest multi-state cannabis operators in the United States, and it has expanded its footprint to 17 states in the country. As such, it is also one of the better-known stocks in the cannabis space. That being said, the coronavirus pandemic has come as a major blow.
Several industries are now in crisis, and it is more pronounced for the cannabis industry since many companies were already struggling with the cash crunch. In such a situation, it could be worthwhile to figure out if Curaleaf is worth investing in.
The … Read More
Cannabis stocks have been beaten down for quite a while, and some of the biggest names in the industry have seen their stocks record significant declines. That being said, there are still many promising companies in the sector, and one of those is Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF).
Key Things to Watch
The Chicago based company is primarily into cannabis retail and boasts of as many as five different brands that cater to different consumer tastes. In 2019, it generated sales of $219 million, but in 2020, the market conditions are a bit different owing to the coronavirus crisis. … Read More
The market has rebounded somewhat in recent days in the hopes of the reopening of the economy following the coronavirus pandemic induced lockdown. However, the situation has not been great with pot stocks, which have continued to remain depressed. That being said, it is also true that it could be the perfect opportunity for investors to make clever investments in some of the notable pot stocks in the market. One of the pot stocks that stand out at this point in time is the HEXO Corp (TSX:HEXO) (NYSE:HEXO). There are some factors that make it one of the more compelling … Read More
The cannabis industry has been struggling, especially in 2020, due to the market sell-off and the ever-persistent woes within the industry. The COVID-19, however, might be able to help the industry, as more and more states may legalize the substance. With the financial crisis due to the pandemic, states could legalize the industry in order to generate significant tax revenues from the same, gradually giving way to legalization at the federal level. In such a case, the cannabis stock of some companies might be worth a buy. Innovative Industrial Properties Inc (NYSE:IIPR) is one such stock.
What to Expect Now?… Read More
The coronavirus pandemic has had a massively negative impact on a range of industries, and the cannabis industry was not completely unscathed from it either. However, things could be changing soon. In a new development, it has emerged that Organigram Holdings (TSX:OGI) (NASDAQ:OGI) has decided to bring back its employees to work.
The company published an update on Thursday last week with regards to this matter. The company stated that it is going to get its employees back to work in phases in light of the fact that the coronavirus crisis has eased in New Brunswick, its native … Read More