Psychedelic Stock IPO the Next 1,000% Gain?

Psychedelic Mushrooms

Psychedelic stocks are quickly emerging as a red-hot sector.

Need evidence?

Take a look at Mind Medicine (NASDAQ: MNMD), a promising young biotech headquartered in New York, New York, that specializes in developing psychedelic drug therapies.

Shares were just uplisted from over-the-counter (OTC) markets to the NASDAQ stock exchange, and this stock is now up more than 1,000% in the last nine months. Continue reading “Psychedelic Stock IPO the Next 1,000% Gain?”

Is This a Good Time to Buy Cannabis Stocks?

When the Democrats swept the U.S. elections in November, cannabis investors were excited over the potential for major cannabis reform. Today, 90 days into the Biden administration, we have a much better idea of what to expect.

While it looks like reforms may fall short of the holy grail of ‘federal legalization,’ I see a high probability of game-changing cannabis reform in 2021. Continue reading “Is This a Good Time to Buy Cannabis Stocks?”

Play Michigan’s $1 Billion Cannabis Market with This Industry Leader

Michigan Skyline

Michigan has quickly evolved into one of the largest cannabis markets in the United States after going legal in 2020. Recent sales data shows that Michigan is on pace to generate more than $1 billion in cannabis sales in 2021. That would make Michigan one of the largest cannabis markets in the U.S. Continue reading “Play Michigan’s $1 Billion Cannabis Market with This Industry Leader”

2 Earnings-Beating Cannabis Stocks Ready to Move

It’s one of Wall Street’s best-kept secrets – a studied market anomaly that helps investors ride a move after a company reports an earnings surprise. And right now looks like a great time to apply this strategy to the cannabis sector after two of the most exciting cannabis stocks just crushed fourth-quarter expectations.

I’m talking about post-earnings announcement drift (PEAD) – the tendency for stocks that beat earnings expectations to deliver outsized returns in the following weeks and months. Continue reading “2 Earnings-Beating Cannabis Stocks Ready to Move”