Cannabis Stocks

Is Canopy Growth (TSX: WEED) a cheap marijuana stock to buy?

 Is Canopy Growth (TSX: WEED) a cheap marijuana stock to buy?

Highlights Stocks of Canopy Growth plummeted by nearly 14 per cent on Friday, May 27. The cannabis company reported a 25 per cent year-over-year (YoY) decline in Q4 2022. Canopy Growth, however, shortened its net loss in the latest quarter. ...

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HEXO & Aphria: 2 Pot Stocks Under C$10

HEXO & Aphria: 2 Pot Stocks Under C$10

  It has been a remarkable second half of 2020 for the cannabis industry. Investors have been betting big on the pot stocks with hopes of the US legalizing marijuana at federal level. The entire cannabis industry is on the verge of massive ex...

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2 Trending Pot Stocks: Canopy Growth (TSX:WEED) & Aphria (TSX:APHA)

2 Trending Pot Stocks: Canopy Growth (TSX:WEED) & Aphria (TSX:APHA)

Summary Canopy Growth stocks yielded 34 per cent returns in 2020. The stock is offering earnings per share of C$ 0.59. Aphria stocks are up by 50 per cent YTD. The pot firm stocks are trading actively across the Canadian market on the back of i...

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Confirmed! Aphria & Tilray Merging To Form ‘World’s Biggest Cannabis Company’

Confirmed! Aphria & Tilray Merging To Form ‘World’s Biggest Cannabis Company’

Summary Canadian cannabis producers Aphria Inc and Tilray Inc confirmed on Wednesday that they will be joining forces to build the “largest global cannabis company”. The merged company’s pro forma equity value is estimated to ...

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Aphria Inc (TSX: APHA) & Tilray On The Verge Of A Merger?

Aphria Inc (TSX: APHA) & Tilray On The Verge Of A Merger?

Summary Cannabis manufacturers Aphria Inc and Tilray Inc are said to be heading for a merger. If its latest merger deal goes through, the combination of Tilray Inc and Aphria Inc would form the largest cannabis company in Canada. The two pot c...

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5 Top Cannabis Stocks In 2020

5 Top Cannabis Stocks In 2020

Summary Cannabis stocks noted a growth in trading activities in the wake the advancement in the COVID-19 vaccine trials and Democrat Joe Biden’s presidential victory in the US. Aphria Inc stocks climbed over 50 per cent year-to-date and n...

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Canopy Growth (TSX:WEED) Stock Plunges Over Plant Shutdown & Layoff Plans

Canopy Growth (TSX:WEED) Stock Plunges Over Plant Shutdown & Layoff Plans

Summary Canopy Growth is shutting down five plants and will lay-off nearly 220 employees The pot firm aims to improve its profitability with this cost-cutting measure. Canopy stocks (TSX:WEED) declined over 5 per cent following the announcemen...

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Why Cannabis Stocks, Aurora (TSX:ACB) & GTEC, Are Trending?

Why Cannabis Stocks, Aurora (TSX:ACB) & GTEC, Are Trending?

Summary Aurora stocks have returned over 35 per cent in the last three months. GTEC stocks have soared over 18 per cent in the last three months. The EU may authorize cannabis for medical use in the next 18 months, said Aurora in its exchange ...

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5 Penny Stocks To Explore Ahead Of Biden Bull Market

5 Penny Stocks To Explore Ahead Of Biden Bull Market

Summary With Joe Biden to be sworn-in as the 46th President of the United States, the stage seems to be set for a stock market bull run. Canopy Rivers (TSX: RIV), Auxly Cannabis (TSXV: XLY), and Numinus Wellness (TSX: NUMI) are three Canadian p...

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Why Are Smallcap Pot Stocks HEXO, Sundial Grower, Charlotte Web Trending?

Why Are Smallcap Pot Stocks HEXO, Sundial Grower, Charlotte Web Trending?

Summary Charlotte's Web stocks shot up over six per cent on Wednesday, December 2. HEXO stocks shot up by nearly 72 per cent in the last six months and by almost 66 per cent in the last three months. In November, Sundial Growers stocks balloon...

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Hexo & Aphria (TSX:APHA): 2 Trending Pot Stocks

Hexo & Aphria (TSX:APHA): 2 Trending Pot Stocks

Summary HEXO’s stock has rallied by nearly 175 per cent since the pandemic-led meltdown on March 19. HEXO’s 10-day average stock trading volume is 4.27 million units. Aphria stocks have zoomed over 260 per cent since the pandemic-l...

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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.

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