Cannabis Stocks

Tilray (TLRY) and WEED: 2 TSX cannabis stocks to buy in July

 Tilray (TLRY) and WEED: 2 TSX cannabis stocks to buy in July

TSX pot stocks can see some significant gains in the long term if the industry sees federal decriminalization in the US, which has been in talks for a while now.

Read More...
WEED, LOVE, TLRY, XLY & CRON: 5 Canada pot stocks to hold for 10 years

WEED, LOVE, TLRY, XLY & CRON: 5 Canada pot stocks to hold for 10 years

Highlights The S&P/TSX Cannabis Index has lost 38.4 per cent year-to-date (YTD) and nearly seven per cent Monday With both big US political parties on the green band wagon and a record 68 per cent of Americans approving of pot for recreatio...

Read More...
WEED, TLRY, ACB, OGI & CRON: 5 TSX pot stocks SAFE Act may benefit

WEED, TLRY, ACB, OGI & CRON: 5 TSX pot stocks SAFE Act may benefit

The year 2022 has not been very good for equities in general. In such copy times, with inflation high and a rise in interest rates expected, many investors tend to take away money from stocks and put them in more stable fixed-return investments. T...

Read More...
HEXO and TLRY: What you should know before buying these TSX pot stocks

HEXO and TLRY: What you should know before buying these TSX pot stocks

Hexo Corp (TSX: HEXO) and Tilray Inc (TSX: TLRY) took a step forward to execute their strategic plan, ‘The Path Forward’, on Tuesday, April 12, by signing a definitive agreement. The definitive agreement will solidify the strategic deal...

Read More...
NUMI and FTRP: 2 TSX psychedelic stocks to buy amid new developments

NUMI and FTRP: 2 TSX psychedelic stocks to buy amid new developments

Highlights Numinus Wellness (TSX: NUMI) and Field Trip Health (TSX: FTRP) recently made headlines as these psychedelic players announced significant developments. Numinus Wellness agreed to acquire Novamind (CSE: NM), a Toronto-based psychedeli...

Read More...
Why is Organigram (TSX: OGI) stock trending?

Why is Organigram (TSX: OGI) stock trending?

Organigram Holdings Inc (TSX: OGI) has been turning heads in the Canadian markets as its stock swelled by roughly 11 per cent on Thursday, March 24, in the light of some corporate updates and new development in its pot products portfolio. Organigr...

Read More...
What is Cannabis 2.0 and can TLRY & WEED stocks boom this time?

What is Cannabis 2.0 and can TLRY & WEED stocks boom this time?

Canadian investors seem to be showing increased interest in ‘Cannabis 2.0’ amid reports that the US House of Representatives is expected to vote on the cannabis legalization bill next week. This development has spurred interest in Canad...

Read More...
Aurora Cannabis (TSX: ACB) to acquire TerraFarma: Is it a buy stock?

Aurora Cannabis (TSX: ACB) to acquire TerraFarma: Is it a buy stock?

Aurora Cannabis Inc (TSX: ACB) created a buzz in the Canadian market on Tuesday, March 22, after it announced to acquire TerraFarma Inc, which owns the vertically-integrated cannabis firm, Thrive Cannabis. According to the agreement, Aurora Cannab...

Read More...
HEXO & Nova Cannabis (NOVC): 2 TSX pot stock firms with recent reports

HEXO & Nova Cannabis (NOVC): 2 TSX pot stock firms with recent reports

Highlights Hexo Corp achieved an international sales growth of 36 per cent YoY and 312 per cent quarter-over-quarter. Nova Cannabis reported sales of C$ 47.6 million in Q4 FY2021, noting a YoY surge of 175.9 per cent. Stocks of Nova Cannabis s...

Read More...
Fire & Flower (FAF) & Canopy (WEED): 2 TSX cannabis stocks to watch

Fire & Flower (FAF) & Canopy (WEED): 2 TSX cannabis stocks to watch

TSX pot stocks have stoked interest among some investors after government publication Canada Gazette proposed new rules to modify certain cannabis research and testing regulations on March 11. The suggestions also included adjustments to dried cann...

Read More...
Tilray (TLRY) partners with HEXO: 2 TSX pot stocks to closely watch?

Tilray (TLRY) partners with HEXO: 2 TSX pot stocks to closely watch?

Tilray Brands (TSX: TLRY) and Hexo Corp (TSX: HEXO) made headlines on Thursday, March 3, after the two cannabis giants announced a significant strategic alliance. In the wake of this new development, Tilray stock was dwindling by roughly four per ...

Read More...

Frequently Asked Questions

Marijuana stocks and the companies they represent are quite popular among investors, especially young investors. Since the industry is comparatively new, thanks to its legalization, it might have scope for further growth, which may be quite notable if both recreational and medicinal uses are further adopted by other countries in the world. The coming years may see further mergers and acquisitions in the industry that may leave only a few marijuana giants, the way it is with tech stocks.

It is hard to say which is the best cannabis stock in a market because stocks are subject to change based on market conditions. At the time of writing this, the top TSX cannabis stocks were Tilray (TSX:TLRY), Canopy Growth Corporation (TSX:WEED), Aurora Cannabis Inc (TSX:ACB) and Cronos Group Inc (TSX:CRON). The cannabis sector can be a little erratic at times and so perhaps it is best to consider well-established companies with big market caps. The above four are the TSX cannabis companies with billion-dollar market caps.

Cannabis seems to be a growing sector as of now. As more and more countries warm up to the potential medicinal benefits of cannabis, besides the legalization of its recreational use, it may help the Canada-based players that are developing expertise in the sector. The stocks might perform well in the longer horizon as the industry finds new markets outside of the home country. But there are downside risks as well as the sector may have passed its high growth phase.

In the US, the legalization of cannabis is a bipartisan issue. Over two-thirds of Americans say it should be legal for recreational use and 91 per cent agree it should be allowed for recreational or medical use. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act is expected to be okayed by the House before the Senate votes. Both major parties seem to agree on its legalization, at least. This might bode well for Canadian pot companies as they have the infrastructure already in place to produce and the research with regards to product creation. The big Canadian companies might look to expand into the US, if or when it is legalized. They may be possibilities to acquire smaller firms to aid in expansion.

In order for any stock to be a good investment in the long term, a lot depends on the sector the company operates in. Marijuana could be considered a growing sector as Canada-based producers have yet to tap the wider international market. If the global market welcomes marijuana products for their potential healthcare benefits, it might make the Canadian-listed stocks a good investment for the longer horizon. M&As with producers in other locations might also help these stocks to maintain dominance in the market.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK