Cannabis Stocks

WEED, HEXO, TLRY, OGI & ACB: 5 TSX cannabis stocks for retail investors

 WEED, HEXO, TLRY, OGI & ACB: 5 TSX cannabis stocks for retail investors

Highlights Canada has some interesting cannabis stocks that are some of the biggest of its healthcare sector The idea with marijuana stocks might be to think long-term Its legalization at the federal level in the US seems inevitable and some E...

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Is Canopy Growth (TSX:WEED) a cannabis stock to buy and hold?

Is Canopy Growth (TSX:WEED) a cannabis stock to buy and hold?

Highlights At market open, Canopy Growth's (TSX:WEED) shares jumped five per cent and traded at C$ 17.39 per share. Canopy Growth is looking to acquire Wana Brands, one of the leading producers of edible cannabis products.  Canopy Growth ...

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Sundial (SNDL) to acquire Alcanna (TSX:CLIQ), stocks soar. Buy alert?

Sundial (SNDL) to acquire Alcanna (TSX:CLIQ), stocks soar. Buy alert?

Highlights The SNDL stock is soaring as the cannabis producer is set to acquire Alcanna. Sundial said that it will acquire all issued and outstanding Alcanna shares for C$ 9.12 per share. For Alcanna shareholders, they would own a 16 per cent ...

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5 Canadian cannabis stocks to buy this fall

5 Canadian cannabis stocks to buy this fall

Highlights  One company mentioned here acquired two companies in its latest quarter. One of the cannabis companies below sold 11,346 kgs of cannabis in its latest quarter. One firm achieved carbon neutrality in September 2021 by offsettin...

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Aurora Cannabis (TSX:ACB) stock high despite Q4 revenue dip. Buy call?

Aurora Cannabis (TSX:ACB) stock high despite Q4 revenue dip. Buy call?

Highlights Aurora Cannabis announced results for Q4 2021 in which it achieved total net revenue of C$ 54.8 million. The Aurora Cannabis stock could have surged due to its strong balance sheet. It had cash worth C$ 440.9 million as of June 30. ...

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Canopy Growth (TSX:WEED) is rising. Is the pot stock a safe bet?

Canopy Growth (TSX:WEED) is rising. Is the pot stock a safe bet?

Stocks of Canopy Growth Corporation (TSX:WEED) surged by about two per cent at market open on Tuesday, September 7, despite the lack of any official announcement from the company. At the time of writing this, over 228,000 WEED shares had traded ha...

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5 best TSX Cannabis stocks under C$25 to buy

5 best TSX Cannabis stocks under C$25 to buy

Highlights The S&P/TSX Cannabis Index grew close to 25 per cent in the past 12 months. The quest to innovate in the medicinal cannabis space is on a constant surge. One of these companies was chosen to deliver a consignment of dried cannab...

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6 best psychedelic stocks to buy

6 best psychedelic stocks to buy

Highlights One of the companies discussed here is developing psychedelic pharmaceuticals to treat brain injury and stroke. One of these listed companies signed an agreement to conduct human trials of medicinal mushrooms and Ganoderma Lucidum fo...

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Will Tilray (TLRY) become the next big cannabis stock in North America?

Will Tilray (TLRY) become the next big cannabis stock in North America?

Stocks of Canadian pharmaceutical and cannabis company Tilray (TSX:TLRY) surged by 0.3 per cent and closed at C$ 16.53 per share on Tuesday, August 17. The cannabis producer's shares in the US market were up by about seven per cent during pre-marke...

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PharmaCann IPO: How to buy this marijuana firm’s stock?

PharmaCann IPO: How to buy this marijuana firm’s stock?

Chicago-based integrated cannabis company PharmaCann is reportedly looking to go public this year and could value over US$ 1 billion at the time of its initial stock offering. Notably, PharmaCann is one of the few medical pot operators in New York...

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9 marijuana stocks to buy & hold for Canadian investors

9 marijuana stocks to buy & hold for Canadian investors

After witnessing a FOMO-styled green rush following pot legalization in October 2018, marijuana stocks in Canada went on to eventually decline. Amid COVID-19 breakout in 2020, however, pot sales quickly skyrocketed to register record highs. Sales an...

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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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