Aurora Cannabis (ACB) just jumped 250% in two days after reporting third-quarter earnings that crushed expectations.
Not many people saw that huge jump coming. If you missed it – don’t worry.
I see a high probability that the same pattern will repeat itself on Friday morning when the largest cannabis company in the world reports highly anticipated fourth-quarter earnings.
Here’s what you need to know and how to play Friday’s big event. Continue reading “Will Canopy Growth Corp (CGC) Jump 250% in 2 Days?”
Cannabis stocks have been trapped in a terrible bear market for almost two years.
But now the tide is shifting. I think cannabis stocks have hit a long-term bottom and are now entering a new, multi-year bull market.
The cannabis industry has scored two game-changing wins in the last month. Continue reading “Cannabis Stocks Bottoming – Take a Fresh Look”
The North American cannabis industry is on the cusp of scoring its biggest victory since Canada went legal in October of 2018… and it’s all due to the coronavirus.
Marijuana Moment reported that the new economic stimulus bill called CARES 2.0 includes the cannabis-friendly SAFE Act, a bill that would protect banks providing services to the cannabis industry from federal prosecution. Continue reading “$3 Trillion Coronavirus Bill Looking to Legalize Cannabis Banking”
The stock market is full of seasonal trends and one of the most important of the year has just begun.
I’m talking about, “sell in May and go away,” a financial adage that prompts investors to divest their holdings in May and return to the markets in the fall.
Should cannabis investors follow this advice?
This year, you may want to stay put in cannabis stocks. I see four catalysts that tell me cannabis stocks are setting up for more gains. Continue reading “4 Reasons Not to Sell Cannabis Stocks in May”