Canopy Growth Corp WEED.TO on Friday reported a smaller-than-expected loss in the third quarter, as the Canadian pot producer kept a tight lid on costs amid growing investor pressure to turn in a profit. U.S.-listed shares of the company rose over 15% in premarket trading. Late last year, major shareholder Constellation Brands Inc’s STZ.N finance head David Klein took […]
Cannabis Investments
Is Aurora Cannabis the Titanic of Marijuana Stocks?
Comparing any stock to a ship probably isn’t the best analogy. However, I couldn’t help thinking of the Titanic after seeing some of the headlines over the last couple of months about Aurora Cannabis (NYSE: ACB). For example, in December one analyst declared a one-year price target for Aurora of… $0. That’s not a typo. GLG Research’s Gordon Johnson predicted […]
Are Marijuana Stocks Suddenly in Delisting Danger?
At this time last year, cannabis stocks were one of the hottest investments on Wall Street. That’s because Canada, just a month earlier in Oct. 2018, had become the first industrialized country in the modern era to legalize recreational marijuana. Our northern neighbor also looked to be on track to give the OK to derivative […]
Tilray (TLRY) 3rd Quarter Earnings: What to Expect
Can marijuana stocks fly high again? It’s been a rough year for the cannabis industry as doubts over legalization has caused investors to rethink interest in the sector. And Tilray (TLRY), which had a stock price of $140 a year ago this month, has been one of the toughest stocks hit. Today Tilray is trading at […]
Cannabis Faces Significant ESG Risks
Industry would be wise to adopt sustainable practices from the beginning. By Jon Hale, Ph.D., CFA It’s not often that an entirely new legal industry springs up practically overnight after having been mostly illegal for decades, but that’s what is happening with cannabis today. Unlike most emergent industries, for which long-term survival cannot be […]
Feeling burned: The first year of legal cannabis has been a complete disaster for investors
Shares of the 10 largest Canadian cannabis producers have been bludgeoned, yielding an average negative return of more than 57% The legalization of cannabis in Canada was supposed to be a catalyst — the most powerful one yet, investors and analysts alike thought — that would launch companies in the young but potent industry to […]
SEC green light prompts rush into marijuana ETFs
Marijuana ETFs are rushing to list on US exchanges after getting a green light from the Securities and Exchange Commission. Provided that marijuana exchange traded funds can show an independent legal opinion that no holdings violate federal law, they can now list in the US, according to the SEC. Until now, confusion about marijuana’s legal […]
Ready to cash in on that IPO? Make sure you understand Rule 144
In today’s highly profitable cannabis industry, we’re seeing a lot more companies go public. These IPOs raise capital for business interests, but they also might raise questions about private-placement stock, as well. That’s understandable. After all, holders of these kinds of pre-IPO securities are eager to be rewarded financially once a company goes public. But […]
Time to Invest in Marijuana? Read This Now.
Everything is changing quickly in the marijuana industry and the legal landscape is evolving even faster. Understanding the changes as they occur is going to be extremely important for making successful investment decisions. It’s an exciting time for investors in this new industry who are now able to purchase shares in companies producing cannabis products […]
Wash Sale Rules and Canadian Cannabis Stock Holdings
Sequel to “Warning to Americans Investing In Certain Canadian Cannabis Stocks That Have A U.S. Presence” Last month, I wrote about the major dividend tax withholding rate differences existing amongst the various types of stock holding entities, ranging from 0% for retirement accounts to 25% for non-retirement accounts. With many stocks more than 50% off […]
