- July 19, 2022 02:01 AM EDT
- Kajal Jain
- July 01, 2022 06:52 AM EDT
- Kajal Jain
The Green Organic (CSE:TGOD) rising on Q3 results. Buy call?
- November 25, 2021 10:02 AM EST | Raza Naqvi
Highlights The Green Organic is a global cannabis company and is known for its dedication towards innovation and sustainability. In Canada, Green Organic caters to the needs of the recreational cannabis market. The cannabis producer's ...Read More...
5 TSX cannabis stocks to buy under $20 as US weighs decriminalization
- November 11, 2021 09:52 AM EST | Kajal Jain
Cannabis was legal in Canada since October 2018 and is a critical investment option for investors. On Tuesday, November 9, the S&P/TSX Cannabis Index plunged by 0.33 per cent. However, it has noted a month-to-date increase of 13.25 per ...Read More...
3 Canadian cannabis stocks to buy under $20
- October 25, 2021 12:31 PM EDT | Shreya Biswas
In the month of August 2021, Canada saw cannabis sales record a new monthly high of C$ 356.9 million, marking a year-over-year (YoY) growth of 5.2 per cent, according to Statistics Canada. Also, notably, the S&P/TSX Cannabis Index note ...Read More...
Is Canopy Growth (TSX:WEED) a cannabis stock to buy and hold?
- October 14, 2021 11:07 AM EDT | Raza Naqvi
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 ...Read More...
Sundial (SNDL) to acquire Alcanna (TSX:CLIQ), stocks soar. Buy alert?
- October 08, 2021 11:48 AM EDT | Raza Naqvi
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 p ...Read More...
5 Canadian cannabis stocks to buy this fall
- September 29, 2021 10:35 AM EDT | Shreya Biswas
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 o ...Read More...
Aurora Cannabis (TSX:ACB) stock high despite Q4 revenue dip. Buy call?
- September 28, 2021 07:46 AM EDT | Raza Naqvi
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 Ju ...Read More...
Canopy Growth (TSX:WEED) is rising. Is the pot stock a safe bet?
- September 07, 2021 11:26 AM EDT | Raza Naqvi
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 t ...Read More...
5 best TSX Cannabis stocks under C$25 to buy
- August 30, 2021 06:02 AM EDT | Shreya Biswas
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 drie ...Read More...
6 best psychedelic stocks to buy
- August 25, 2021 11:03 AM EDT | Shreya Biswas
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 Lu ...Read More...
Frequently Asked Questions
What's the potential for marijuana stocks?
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.
What is the top cannabis stock to buy?
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.
How do you think TSX cannabis stocks are going to do?
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.
Where do you feel like cannabis is going in the stock market?
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.
Are marijuana stocks a good long term investment?
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.