Analyst Coverage

Dominion strike leaves central Newfoundland shoppers with no cannabis retailer

The almost four-week-old Dominion strike is turning into a major buzzkill for cannabis enthusiasts in central Newfoundland, who have been left with no retail outlets for miles. Dominion was granted the only two initial retail licenses for cannabis sales in the central part of the province, and the store’s contract dispute with Unifor Local 597 has led to the closure…

Ontario Cannabis Store distribution centre opens in Guelph

A brand new facility responsible for receiving and distributing Ontario’s cannabis has opened its doors in Guelph.  While the facility has not been formally announced, Ontario Cannabis Store has already started recieving product, according to Daffyd Roderick, a spokesperson for the store.  Roderick said the Ontario Cannabis Store sold 14 million grams of cannabis to Ontario’s licensed retailers last quarter, flowing through their…

This Presidential Election Could Change The Game For Marijuana Stocks

Will These States Legalize Cannabis in 2020? When the presidential election occurred in 2016, it was big news for the cannabis industry. While President Trump was not himself a proponent of cannabis, many states chose to legalize marijuana. In total, eight states passed legalization measures for marijuana. As we approach another election season, analysts are hoping that more states will legalize…

Province moving its Ontario Cannabis Store distribution centre to Guelph

Guelph will soon be home to the provincial distribution centre for legal cannabis. The Ontario Cannabis Store (OCS) distribution centre is relocating to Guelph from its Oakville location as the cannabis industry rapidly grows.  “We have begun the process and we are looking to have the Guelph facility operational in early October,” said Daffyd Roderick, senior director of communications and social…

3 Cannabis Stocks to Avoid Like the Plague in September

Oversupply, pricing headwinds, inventory writedowns, and retail store closures due to COVID-19 containment measures — these things and more have meant a tough year for the legal marijuana market worldwide. Since the beginning of January, the Horizons Marijuana Life Sciences ETF (TSX:HMMJ) is down 27%. That is an abysmal performance compared with the S&P 500, which is up more than 6% during the same…