Although the Canadian equity markets are trading closer to their all-time high, the rally in the following three stocks could continue, given their large addressable market and expanding market share. Canopy Growth Boosted by Democrats taking control of both Senate and House and the five states in the United States legalizing their cannabis programs, Canopy Growth (TSX:WEED)(NYSE:CGC) stock has risen 69.5% since the…
Sales of 1-gram cannabis flower packages tumbled in multiple North American marijuana markets last year, likely related to consumers who shopped less often because of the COVID-19 pandemic but made larger purchases when visiting a dispensary. The shift away from 1-gram packages offers implications for both retailers and producers trying to keep up with shifting consumer preferences sparked by the pandemic.…
CannTrust Holdings Inc. said Wednesday it will put $50 million into a trust that will be earmarked for investors who filed class-action lawsuits against the company after it received a non-compliance order from Health Canada. The move is to cover claims stemming from a production scandal that led federal regulators to suspend its ability to grow and produce legal pot.…
There were big expectations for the cannabis-infused food and beverage space leading up to the start of last year. Venture capital investment was increasing, seasoned executives were jumping into the trendy space and established players pledged to launch products. But 2020 was not the breakout year for cannabis that some had anticipated. Although the industry made progress, the pandemic slowed down product development as many companies…
While efforts to legalize recreational cannabis nationally have stalled in the United States, New Zealand, Mexico and Israel, Canada’s legal market continues to evolve. Health Canada has recently been receiving suggestions for revising its cannabis product regulations. Now it must decide what changes to make. One priority should be giving producers more packaging and labelling flexibility. This could help businesses build their reputations and help consumers find…
Even without full federal legalization, the country’s cannabis market was valued at over $13 billion in 2019 and, according to stats compiled by New Frontier Data, expected to reach $30 billion by 2025. As five more states legalize it, consumer spending is only going to go up and e-commerce continues to drive innovation throughout this budding industry. While cannabis itself isn’t legally sold online, a…
Alcanna Inc. said Monday it is spinning off its cannabis retailer division and merging it with YSS Corp. in an all-stock deal that would value the combined company at about $130 million. The new company is expected to be renamed Nova Cannabis Inc. and will rebrand most of its retail footprint to Value Buds, a move that acknowledges the growing demand for…
Marijuana reform at the U.S. federal level could soon be on the way, as it won’t be long before Democrats are in control of the House, Senate, and White House. And that’s giving the industry a lot of hope that legislation favorable to marijuana could pass, potentially making the already hot cannabis industry an even more appealing investment opportunity. It…
Cannabis stocks are off to a hot start to the year, but can that momentum be sustained? Thanks in large part to optimism surrounding the Georgia Senate run-off election results that will give the Democratic Party control of Congress in addition to the White House, cannabis has been one of the biggest winners of the new year, with the valuations…
In the last two years, members of the Ontario Provincial Police (OPP) Provincial Joint Forces Cannabis Enforcement Team (PJFCET) have tackled illegal cannabis production, sale and distribution enterprises across Ontario. The PJFCET is responsible for enforcing the cannabis laws and investigating criminal enterprises that exploit or abuse the legal cannabis market and consists of members from OPP, Kingston Police Service,…
Put in the work, be disciplined, and consider getting a little exposure in this area to balance out a well-diversified portfolio. Whether or not you’re personally interested in the use or application of cannabis, there’s no doubt that this market is prepared to boom in the coming years. Strategically adding some stocks to your portfolio could generate healthy returns. Marijuana…
The latest report from the Canadian Centre for Policy Alternatives (CCPA), titled The Golden Cushion, lists Canada’s top-paid CEOs in 2019. On average, the top-100 CEOs made 202 times what the average Canadian worker earned. According to the report, the top-earning cannabis CEO in 2019 was Aphria’s Irwin D. Simon, who received more than $18 million in total compensation. Simon was…