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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High Tide (HITI) Debuts On Nasdaq: Buy It Before US Pot Legalization?

High Tide (HITI) Debuts On Nasdaq: Buy It Before US Pot Legalization?

  • June 02, 2021 10:07 AM EDT
  • Anuj

High Tide Inc (TSXV:HITI), a pot-focused retailer, debuted on the New York-based Nasdaq Exchange on Wednesday, June 2. Currently, its stocks are trading on the Toronto Stock Exchange Venture (TSXV) in Canada, holding year-to-date (YTD) returns of 198...

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Canopy (WEED) & Tilray (TLRY): 2 Pot Stocks To Buy Before Q2 Ends

Canopy (WEED) & Tilray (TLRY): 2 Pot Stocks To Buy Before Q2 Ends

  • June 02, 2021 04:09 AM EDT
  • Anuj

Stocks of pot producers Canopy Growth (TSX:WEED) and Tilray’s (TSX:TLRY) reflected a growth about three per cent in the first hour of the trading session on Tuesday, June 1 (10:05AM EST). Ontario-based firm Canopy Growth’s stock price sp...

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Aurora (ACB) & Canopy (WEED): Why Pot Stocks Continue To Be Hot On TSX?

Aurora (ACB) & Canopy (WEED): Why Pot Stocks Continue To Be Hot On TSX?

Cannabis stocks are turning hot once again as increased bustle in the sector gains investor attention. This increased interest in the pot sector is evident from the rise in the S&P/TSX Cannabis Index, which is currently up 37.76 per cent year-to...

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High Tide (HITI) IPO: Stock Gains On Nasdaq Listing Approval, What Next?

High Tide (HITI) IPO: Stock Gains On Nasdaq Listing Approval, What Next?

  • May 28, 2021 12:45 PM EDT
  • Anuj

New York-based Nasdaq Exchange has accepted the listing application of Canadian cannabis retailer High Tide’s (TSXV:HITI), the company announced on Friday, May 28. The stock soared by 11 per cent intraday (at 11:00 AM ET) in the wake of this de...

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Hexo-Redecan Stock & Cash Merger Heats Up Competition In Pot Industry

Hexo-Redecan Stock & Cash Merger Heats Up Competition In Pot Industry

  • May 28, 2021 10:46 AM EDT
  • Anuj

Stocks of Hexo Corp. (TSX:HEXO) spiked more than 12 per cent in the opening hour (at 9:42 am ET) on Friday, May 28, after the company announced its decision to buy cannabis manufacturer Redecan for C$ 925 million. Hexo will make the first transactio...

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3 Discounted Cannabis Stocks To Buy Before Prices Fly

3 Discounted Cannabis Stocks To Buy Before Prices Fly

As the United States and Mexico inch closer towards legalizing recreational marijuana, cannabis retail players are set to benefit from this expanding industry. The vast product portfolio, including medical and recreational cannabis, also opens room f...

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Canopy Growth (TSX:WEED): A Pot Stock Worth Buying?

Canopy Growth (TSX:WEED): A Pot Stock Worth Buying?

Summary The cannabis sector is expected to boom this year in Canada. At the market open on Friday, May 21, Canopy Growth stock surged by about one per cent and was trading at US$ 23.10 (9:45 AM EST). In the last five days, the stock jumped by ...

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Canopy Growth (TSX:WEED) & Sundial (NASDAQ:SNDL): 2 Pot Stocks To Buy

Canopy Growth (TSX:WEED) & Sundial (NASDAQ:SNDL): 2 Pot Stocks To Buy

Summary Cannabis stocks gained momentum over the past year amid the pandemic as pot sales shot up. As COVID-19 cases continue to rise around the world, sales of cannabis products are likely to get boosted and that could reflect on the performan...

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Updated: High Tide's (TSXV:HITI) Tsunami Sweeps Market, Up 1400%!

Updated: High Tide's (TSXV:HITI) Tsunami Sweeps Market, Up 1400%!

  • May 13, 2021 06:40 AM EDT
  • Anuj

Stocks of Canadian pot company High Tide Inc (TSXV:HITI) skyrocketed by as much as 1,400 per cent after it announced 15:1 stock consolidation on Wednesday, May 12. The cannabis-focused drug retailer has consolidated 15 shares at C$ 0.60 apiece to on...

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Sundial All Set To Acquire Inner Spirit (CSE:ISH): Buy Alert?

Sundial All Set To Acquire Inner Spirit (CSE:ISH): Buy Alert?

Summary This move comes amid ongoing M&A and consolidation in the Canadian cannabis industry. Earlier, Sundial Growers had acquired more than 10 per cent stake in Valens Co. Sundial raised US$ 218 million in February through several regist...

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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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