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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Tetra Bio (TSX:TBP) Stocks Rocket As REDUVO Gets Health Canada’s Nod

Tetra Bio (TSX:TBP) Stocks Rocket As REDUVO Gets Health Canada’s Nod

  • May 03, 2021 12:54 PM EDT
  • Anuj

Stocks of Tetra Bio Pharma Inc (TSX:TBP), a Canadian cannabinoid-based drug producer, rocketed by as much as 24 per cent on Monday morning, May 3. The surge came after the company received Health Canada’s nod for its drug, REDUVO Soft Gel Capsu...

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HEXO & Aphria (TSX:APHA): Should You Buy The Trending Cannabis Stocks?

HEXO & Aphria (TSX:APHA): Should You Buy The Trending Cannabis Stocks?

Summary Canadian pot stocks shot up notably on Wednesday, April 28. Stocks of cannabis producers Aphria Inc (TSX:APHA) and HEXO Corp. (TSX:HEXO) rocketing by about nine and 13 per cent, respectively. HEXO stocks skyrocketed by 177 per cent in ...

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MNMD Stock: Psychedelic Drug Maker Mind Medicine Debuts On NASDAQ

MNMD Stock: Psychedelic Drug Maker Mind Medicine Debuts On NASDAQ

  • April 27, 2021 12:45 PM EDT
  • Anuj

New York-based biotechnology company Mind Medicine Inc (MNMD:US or NASDAQ:MNMD) started trading on the NASDAQ Capital Market on Tuesday, April 27. It opened the first trading session at U$ 5.69 apiece against its OTC market’s previous close pr...

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Fire & Flower (TSX:FAF) Q4 Revenue Jumps 157% YoY. A Buy Penny Stock?

Fire & Flower (TSX:FAF) Q4 Revenue Jumps 157% YoY. A Buy Penny Stock?

Summary Cannabis producer Fire & Flower Holdings Corp (TSX:FAF) reported a 157 per cent year-over-year (YoY) increase in its quarterly revenue of C$ 43.2 million in Q4 FY20. The Edmonton-based company announced its fourth quarter and fiscal...

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Numinus & Mind Medicine: 2 Psychedelic Stocks To Buy Before May

Numinus & Mind Medicine: 2 Psychedelic Stocks To Buy Before May

  • April 26, 2021 05:57 AM EDT
  • Anuj

Along with being a physical health crisis, COVID-19 has also hampered the mental wellbeing of people all around the world. As a result, many medical research and development (R&D) companies are turning their focus to mental health related issues ...

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2 Cannabis Stocks To Buy That Grew Over 50% YTD

2 Cannabis Stocks To Buy That Grew Over 50% YTD

Summary The year-to-date (YTD) return of S&P/TSX Cannabis Index is over 30 per cent. This comes after cannabis sales hit record numbers, amounting to about C$ 2.62 billion, in 2020. While cannabis revenue reportedly dipped by over five per...

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3 Pot Stocks You Can Buy That Cost Less Than A Dollar!

3 Pot Stocks You Can Buy That Cost Less Than A Dollar!

Summary A Statistics Canada study has revealed that the country’s legal recreational pot market saw sales worth C$ 2.62 billion in the pandemic-ridden year of 2020. The surge came as a large mass of consumers switched from illicit to lega...

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Canada’s Pot Sales Shot Up 120% In 2020. What’s In Store For 2021?

Canada’s Pot Sales Shot Up 120% In 2020. What’s In Store For 2021?

Source: Stereo Lights, Shutterstock As the novel coronavirus corroded through life as we knew it last year, a massive number of Canadians turned to the purchase of cannabis. By the time the year ended, Canada’s legal recreational pot mark...

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Aphria (TSX:APHA) Stock Stumbles After Reporting C$360.9M Loss

Aphria (TSX:APHA) Stock Stumbles After Reporting C$360.9M Loss

Source:HQuality, Shutterstock Summary The net revenue was down by 4.3 per cent when compared to the previous quarter's net revenue. Aphria and Tilray Inc. (NASDAQ: TLRY) are all set to complete their merger soon. Aphria Inc. (TSX: APHA) t...

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Why Is Canopy Growth (WEED) Acquiring Supreme Cannabis (FIRE)?

Why Is Canopy Growth (WEED) Acquiring Supreme Cannabis (FIRE)?

Source: Soru Epotok, Shutterstock Summary The deal will be worth C$ 435 million and shareholders of both companies may benefit from it. Now Canopy will have a strong brand portfolio, including premium brand like 7ACRES. Canopy one of the larg...

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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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