Florida Cannabis Sales Booming: Here’s How to Play It

Florida continues to be one of the fastest-growing cannabis markets in the US. That trend has been on full display during COVID-19, with Florida seeing a huge spike in medical cannabis sales while other industries are crumbling.

Today I am going to explain why I think Florida’s legal cannabis industry will see explosive growth in the next two years. I will also reveal a promising young cannabis stock that investors could use to cash in on this exciting market. Continue reading “Florida Cannabis Sales Booming: Here’s How to Play It”

Avoid This Former Highflier – It May Not Be a Bargain

Investors who love a great deal should be looking at the cannabis sector. Many early industry leaders are trading at a big discount relative to their 52-week highs.

However, not all ‘bargains’ are made the same.

Today I am going to reveal one of the most popular cannabis stocks, down 93% in the last 12 months. That might look like a great bargain on the surface, however, I see more losses ahead. Continue reading “Avoid This Former Highflier – It May Not Be a Bargain”

Aphria up 77% in 4 Weeks: Too Late to Buy?

Earnings season kicks off this week. This is the most important time of the quarter for cannabis stocks. This is the time when companies release their quarterly earnings reports to update shareholders on important performance data such as sales and earnings.

Studies show that these reports have a big impact on a company’s share price – and that can create a great investment opportunity.

Put simply, a company that beats earnings expectations should see its share price rise for the next few weeks and months. Conversely, companies that miss earnings expectations should see shares drift lower in the following week and months.

Today I am going to reveal the Canadian cannabis industry leader that just crushed earnings expectations – and could see share prices increase over the next few weeks and months. Continue reading “Aphria up 77% in 4 Weeks: Too Late to Buy?”

Canopy Set to Jump Another 50% in the Next 3 Weeks?

The S&P 500 has seen a big rebound in the last two weeks, up 25% from the recent low made in late March.

The big rebound in stocks has given relief to investors that watched their accounts plunge in the first half of March.

The strength in the broader stock market has been great for cannabis stocks. The cannabis sector has also seen a big jump. The Alternative Harvest ETF (MJ) is up 37% since mid-March, outpacing the gains in the broader stock market.

Despite the big bounce in cannabis stocks, this still looks like a great time to buy low. Most cannabis stocks are still trading well below the 52-week high. Continue reading “Canopy Set to Jump Another 50% in the Next 3 Weeks?”

Cannabis Stocks Jump 26% in 5 Days – What’s Next?

Cannabis With Money

There’s an old saying on Wall Street – the stocks that fall the most in a bear market are the ones that rally the most in a bull market.

This has played out dozens of times in the last 100 years in the broader stock market. Now – it’s turning out to be true for one of the youngest sectors in the global economy – cannabis stocks.

Cannabis stocks struggled in March when the broader stock market dropped. Continue reading “Cannabis Stocks Jump 26% in 5 Days – What’s Next?”