Money: These Canadian Cannabis Stocks Are Tumbling Today, But Should You Buy? - PressFrom - Canada

MoneyThese Canadian Cannabis Stocks Are Tumbling Today, But Should You Buy?

08:25  19 july  2019
08:25  19 july  2019 Source:

Alberta Government collects $30M from cannabis tax since legalization

Alberta Government collects $30M from cannabis tax since legalization The province raked in $30 million in cannabis tax revenue between Oct. 17, 2018, and March 31, 2019, but only netted a profit of $4.7 million.

These Canadian Bank Stocks Are Tumbling Today , But Should You Buy ? Speaking of legalization, cannabis stocks were some of the best-, worst-, and mixed-performing stocks of the month. Iain Butler has stumbled upon a little-owned stock he believes could be one of the greatest

Welcome to the Cannabis - Stock Buzz, a trusted source for investors looking for the latest news and analysis on From an investor perspective, all of this has had a predictable effect on the nascent cannabis industry. The company’s main focus is supplying the Canadian market for recreational use.

These Canadian Cannabis Stocks Are Tumbling Today, But Should You Buy?© Provided by The Motley Fool, Inc Jars of marijuana

There’s no doubt that the cannabis industry has been an exciting one over the last two years. Canadians who invested in some of the biggest companies have seen in some cases double, or even triple-digit growth.

However, this industry has recently slowed down, making many question not only whether there are new opportunities to invest in the cannabis industry, but also whether they should be investing in the cannabis industry at all.

Personally, I take the opportunity side, but only with a select few stocks. While there are plenty of cannabis stocks out there, and still some room for quick growth, if you’re looking for a long-term investment, then I would stick to the strongest in the pot producing business.

Illegal cannabis getting even cheaper, as legal gets costlier, StatsCan says

Illegal cannabis getting even cheaper, as legal gets costlier, StatsCan says Statistics Canada's quarterly report on cannabis prices suggests the cost chasm between legal and illegal versions of the drug is wide, and getting wider. The data agency reported Wednesday that the price gap between the two types of cannabis is as wide as $4.72 a gram, on average. Canada legalized recreational cannabis last October, but the rollout across the country has been plagued by delays, limited supply, and other logistical issues.

Marijuana stocks have tumbled across the board — not to the lows after legalization, mind you , but they’ve still dropped a fair bit. In fact, as of April 2019 at least, it is the world’s largest cannabis company. Since entering the scene in 2010, this stock was pretty much dead in the water until 2014.

Marijuana Business Services Stocks . Riding Cannabis Sin Stocks . Where Marijuana Stocks Are Listed. Both the New York Stock Exchange (NYSE) and the Nasdaq got their first pure cannabis Medical Cannabis Stocks Vs. Recreational Cannabis Stocks : Which Ones Should You Invest In?

Aurora Cannabis

The reason I like Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) is two-fold. First, it’s become the most international cannabis company out there, with a presence in about 25 countries as of writing.

Second, the company is setting up to produce the most amount of cannabis at the cheapest cost. Aurora currently produces 650,000 kilograms of cannabis annually for $1.92 cost of sales per gram, with a solid goal of $1 per gram, which is well below the industry average.

But the main problem with the stock is its dilution of shareholders’ funds. This has its good and bad side. The company doesn’t have a brand-name partnership supplying it with funds to make acquisitions and set up production, so it uses shareholder funds.

However, this also means that there’s no company behind the scenes pulling strings.

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Lets go over the top 5 cannabis stocks you will find in Canada today , and why the industry looks Check out our list of the best Canadian stocks to buy today . These are established companies that Or are they consistently coming up short? The majority of cannabis stocks are trading at crazy P/S

Canadian cannabis producers have seen their stocks , on average, decline 39% from the peak three months ago, with several factors contributing to the decline. Canadian cannabis producers, the darlings of the stock market in 2016 and 2017, are off to a rough start in 2018, with the Canadian

For the long-term investor, this stock looks crazy cheap at $9.64 at writing given its immense future potential to become of the top pot producers in the world. Therefore, I strongly believe it’s a buy.


Another company on the investor radar is CannTrust Holdings Inc. (TSX:TRST)(NYSE:CTST), a company that unfortunately has hit the headlines as Health Canada identified compliance breaches in its operations.

The news saw the stock price plunge from  $13.45 to where it is at writing — 72% lower at $3.69 per share.

The question now is whether this provides investors with an opportunity to buy up this stock for crazy cheap. On the one hand, CannTrust is a low-cost producer at $3.03 per gram – which, while higher than Aurora, is still low.

This profitability should only increase as the company’s outdoor cultivation starts up. But on the other hand, that’s if the company can start up. CannTrust could inevitably lose its license from the setback, meaning that the stock could drop to $1 per share or lower.

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MONTREAL — Canada on Wednesday became the first major world economy to legalize recreational marijuana, beginning a national experiment that will alter the country’s social, cultural and economic fabric, and present the nation with its biggest public policy challenge in decades.

The bubble of Canadian cannabis stocks may have arrived, and you may be waiting a while to The tech bubble of 2000 was exponentially bigger than Canada ’s cannabis industry, but the line of Now, I realize these memes are complete satire, but I think this one should drive home my point.

Even if it doesn’t, the company will have a lot to prove to investors over the coming months.

Personally, I would wait on this stock to find out a few things — first, whether its license will be revoked – and second, what management is going to do moving forward. Management seemed to suggest they knew about the problems, but went ahead anyway.

So I wouldn’t be surprised if there was some stepping down within the company. Therefore, this stock isn’t a buy in my books.

Foolish takeaway

There are opportunities around every corner, especially in the cannabis industry. The key is to be patient, do your research, and see whether these companies are setting up for long-term growth, or cutting corners for a quick buck.

In this case, I would take Aurora over CannTrust any day of the week, even at such a low share price.

You might be missing out on one of the biggest opportunities in Canadian investing history…

Marijuana was legalized across Canada on October 17th, and a little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

3 TSX Stocks at the Top of My List to Sell in August

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This benefit should begin to be realized soon, as the two partners are developing cannabis -infused beverages, which are one of the value-added I expect losses to continue as it reinvests to capture more market share for recreational-use marijuana in Canada . But its rapid revenue growth should

Cannabis stocks are the hottest things on the market right now, making moves that are Kennedy also argued that all alcohol companies should be in the cannabis space to hedge their business as well. Earlier this week, Canadian business network BNN Bloomberg reported that Coca-Cola (KO)

Besides making key partnerships with Facebook and Amazon, they’ve just made a game-changing deal with the Ontario government.

One grassroots Canadian company has already begun introducing this technology to the market – which is why legendary Canadian investor Iain Butler thinks they have a leg up on Amazon in this once-in-a-generation tech race.

This is the company we think you should strongly consider having in your portfolio if you want to position yourself wisely for the coming marijuana boom.

Canadian greenhouse labor shortages worsened by growing cannabis producers

Canadian greenhouse labor shortages worsened by growing cannabis producers Canadian greenhouse labor shortages worsened by growing cannabis producers . By Kelsey Johnson OTTAWA (Reuters) - Canada's labor-strapped greenhouse vegetable and flower growers are ramping up efforts to keep and recruit more workers in the face of pressure from the country's budding cannabis industry, farm groups say. "Many of the cannabis producers are very cash rich. They've got the resources to pay a very good wage," said Andrew Morse, head of the Flowers Canada industry group. Canada's greenhouse, nursery and floriculture sectors employ 16% of all workers in Canadian agriculture.

In this video I talk about why the Canadian weed black market is a HUGE threat to Canadian weed stocks and I give my in-sight on if legal weed in Canada

SociedadQuimica y Minera tumbled 6.6% to 58.59 on the stock market today , testing its 50-day moving average intraday. SQM, which had flirted with a buy zone several times last week, dropped into sell territory on The 10 Most Important Numbers in Aurora Cannabis ' Third-Quarter Report.

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Fool contributor Amy Legate-Wolfe owns shares of Aurora Cannabis.

Liberals' cannabis possession pardon legislation now in force: Lametti.
Liberals' cannabis possession pardon legislation now in force: Lametti

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