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Cannabis
Why is Tilray (TSX: TLRY) stock falling despite rapid expansion?
February 24, 2022 03:33 AM AEDT| By Kajal JainTilray Inc (TSX: TLRY) is creating a buzz on the stock markets following some recent developments in its cannabis business. Its stocks, however, plummeted was down by about four per cent at market close on Tuesday, February 22, despite this announ.....
Organigram (TSX: OGI) jumps 6% after sharp dip: A pot stock to watch?
February 17, 2022 01:47 AM AEDT| By Raza NaqviHighlights: Last month, Organigram released its first-quarter results and registered a 75 per cent year-over-year (YoY) growth in gross revenue. On February 15, many cannabis stocks jumped during the trading session, and OGI stock closed 6.3 pe.....
Canopy's (TSX:WEED) Q3 revenue declines. What's in store for investors?
February 10, 2022 02:12 AM AEDT| By Raza NaqviHighlights: In Q3 2022, the revenues were C$ 141 million, representing a decline of eight per cent year-over-year (YoY). Some analysts had reportedly expected Canopy to clock a revenue of C$ 137 million. Canopy Growth's gross margins declined .....
Tilray (TLRY) & Canopy (WEED): TSX pot stocks to take note of right now?
February 09, 2022 01:02 AM AEDT| By Kajal JainThe dream of cannabis legalization in the US had massively boosted Canadian pot stocks in 2020 around the time of the US presidential elections. Now, however, questions regarding its possibility seem to be hurting market sentiments. After high hop.....
2 TSX psychedelic stocks to trip on in February
February 01, 2022 01:10 AM AEDT| By Kajal JainSome Canadian pharmaceutical companies, like Numinus Wellness (TSX:NUMI) and Field Trip Health (TSX:FTRP), are said to be exploring legally approved psychedelic solutions to help people deal with different issues. A few recent studies have suggest.....
Canopy Growth (WEED) stock fell 72% in a year: Is it a cheap buy?
January 15, 2022 04:27 PM AEDT| By Kajal JainCanopy Growth Corporation (TSX: WEED) has been triggering some investor interest recently, despite a fall in its stock price. The pot maker is engaged in the business of cultivating, producing, and selling cannabis and hemp products for medical an.....
Numinus (TSX:NUMI): A psychedelic stock to explore amid 'shroom boom'?
January 14, 2022 01:47 AM AEDT| By Kajal JainStocks of Numinus Wellness Inc (TSX: NUMI) have been noting an uptick as the psychedelic-centered healthcare company nears the release of its Q1 FY2022 results this month. NUMI stock gained by over 13 per cent on Wednesday, January 12, recording a.....
What's next for Organigram (OGI) stock as it hits 'record' Q1 revenue?
January 12, 2022 01:19 AM AEDT| By Raza NaqviHighlights: In Q1 2022, Organigram narrowed its net loss to C$ 1.3 million from C$ 34.3 million in Q1 2021. Organigram posted net revenue of C$30.4 million in Q1 2022, a record feat for the company. Organigram expects to achieve positive adjus.....
Clearmind (CMND) returned 300% YTD! A psychedelic stock to trip on?
December 03, 2021 10:21 PM AEDT| By Raza NaqviHighlights Clearmind Medicine strengthened its balance sheet in 2021, and for the nine months ended July 31, the company had cash of C$ 6.6 million. As psychedelic stocks are becoming popular, investors have turned their attention to comp.....
The Green Organic (CSE:TGOD) rising on Q3 results. Buy call?
November 26, 2021 02:02 AM AEDT| By Raza NaqviHighlights 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 gross re.....
5 TSX cannabis stocks to buy under $20 as US weighs decriminalization
November 12, 2021 01:52 AM AEDT| By Kajal JainCannabis 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 cent. .....
3 Canadian cannabis stocks to buy under $20
October 26, 2021 03:31 AM AEDT| By Shreya BiswasIn the month of August 2021, Canada saw cannabis sales record a new monthly high of C$ 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 noted a YoY .....
Is Canopy Growth (TSX:WEED) a cannabis stock to buy and hold?
October 15, 2021 02:07 AM AEDT| By Raza NaqviHighlights 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 .....
Sundial (SNDL) to acquire Alcanna (TSX:CLIQ), stocks soar. Buy alert?
October 09, 2021 02:48 AM AEDT| By Raza NaqviHighlights 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 .....
5 Canadian cannabis stocks to buy this fall
September 30, 2021 12:35 AM AEST| By Shreya BiswasHighlights 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.....
Aurora Cannabis (TSX:ACB) stock high despite Q4 revenue dip. Buy call?
September 28, 2021 09:46 PM AEST| By Raza NaqviHighlights 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?
September 08, 2021 01:26 AM AEST| By Raza NaqviStocks 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$25 to buy
August 30, 2021 08:02 PM AEST| By Shreya BiswasHighlights The S&P/TSX Cannabis Index grew close to 25 per cent in the past 12 months. The quest to innovate in the medicinal cannabis space is on a constant surge. One of these companies was chosen to deliver a consignment of dried cannab.....
6 best psychedelic stocks to buy
August 26, 2021 01:03 AM AEST| By Shreya BiswasHighlights One of the companies discussed here is developing psychedelic pharmaceuticals to treat brain injury and stroke. One of these listed companies signed an agreement to conduct human trials of medicinal mushrooms and Ganoderma Lucidum fo.....
Will Tilray (TLRY) become the next big cannabis stock in North America?
August 18, 2021 11:58 PM AEST| By Raza NaqviStocks of Canadian pharmaceutical and cannabis company Tilray (TSX:TLRY) surged by 0.3 per cent and closed at C$ 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.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2025