Tilray, Canopy, and Aurora Have 2022 Forecasts Cut

The three largest cannabis producers in Canada just had their 2022 sales forecasts cut by hundreds of millions of dollars.

Tilray (TLRY), Canopy (CGC), and Aurora (ACB) have come under pressure from falling stock prices, poor execution by executive teams, and an increasingly competitive landscape across the adult-use industry.

Continue reading “Tilray, Canopy, and Aurora Have 2022 Forecasts Cut”

77% Sales Growth Makes this Cannabis Leader a Buy

The most important time of the quarter has arrived for cannabis stocks.

Earnings season is the time when companies reveal sales and earnings results for the previous quarter – and just as important, companies provide guidance on what investors should expect for the following quarter.

Quarterly earnings that beat expectations have a documented history of driving shares higher in the following weeks and months. Continue reading “77% Sales Growth Makes this Cannabis Leader a Buy”

Canopy CEO Predicts U.S. Legalization by 2022

I call it the “holy grail” of the cannabis industry – a game-changing event that would mint the first cannabis billionaire and richly reward early investors.

I’m talking about the federal legalization of cannabis.

Some say it’s still a pipe dream, years away at best. However, the reality is that federal legalization could be right around the corner. Continue reading “Canopy CEO Predicts U.S. Legalization by 2022”

Will Canopy Growth Corp (CGC) Jump 250% in 2 Days?

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?”

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?”

Canopy Jumps 25% on Strong Q3 Results: New Rally in 2020?

Cannabis investors looking for a reason to be optimistic about 2020 just got a huge blast of great news.

Canopy Growth Corp (TSX: WEED, NYSE: CGC), the largest cannabis company in the world, jumped as much as 25% in one day after reporting better than expected third-quarter results.

The good news sent CGC and other cannabis stocks rocking. While those short-term gains are promising, this report may signal that cannabis stocks are ready to rebound in 2020.

Continue reading “Canopy Jumps 25% on Strong Q3 Results: New Rally in 2020?”

Canopy Jumps 32% in 2 Weeks: Time to Buy?

Canopy Growth Corp (WEED, CGC) is the undisputed king of the global cannabis industry.

The Canadian juggernaut is the largest cannabis company in the world with a market cap of more than $8 billion and, in 2018, landed a $4 billion investment from Constellation Brands (STZ), one of the largest alcohol distributors in the world.

Despite the impressive resume, Canopy struggled in 2019.

After charging higher in 2016, 2017 and 2018 – Canopy shares fell 35% in 2019. Continue reading “Canopy Jumps 32% in 2 Weeks: Time to Buy?”

Another Masterstroke for Canopy Growth Corp (OTCMKTS:TWMJF)

Canopy Growth Corp (OTCMKTS:TWMJF) has clearly emerged in 2017 as perhaps the largest overall cannabis producer in the world. But, as is often the case in emerging market segments, the rich get richer: the company just announced plans to establish a 40,000 m2 production facility in Odense, Denmark as part of a joint venture company, Spectrum Cannabis Denmark ApS, representing an alliance with Danish Cannabis ApS, a leading European hemp producer. Continue reading “Another Masterstroke for Canopy Growth Corp (OTCMKTS:TWMJF)”

Canopy Growth Corp (OTCMKTS:TWMJF) Locked in a Strong Upward Trend

Canopy Growth Corp (OTCMKTS:TWMJF) has been consolidating in a lateral range but remains locked in a strong upward trend, powered by a fortress balance sheet, strong growth, and a major sector tailwind. Canopy just announced that it has entered into a supply and production agreement -which it notes is “the largest provincial cannabis supply agreement announced to date” – securing a regulated supply of cannabis for Newfoundlanders and Labradorians heading into the legal adult access market. Continue reading “Canopy Growth Corp (OTCMKTS:TWMJF) Locked in a Strong Upward Trend”

Weed on Wall Street?

Analysts at the New York-based company have assembled a trove of data on the burgeoning field of semi-legal marijuana. And on Thursday Cowen will host its first investor conference devoted to the controversial topic. Continue reading “Weed on Wall Street?”