Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Wed
07
Aug

Canna-bust! These 6 pot stocks lost at least 25% in July

For years, marijuana stocks have been the buzzy go-to investment. If investors had the stomach and wherewithal to invest in some of the most popular names back at the beginning of 2016, they'd likely be sitting on gains of more than 1,000%right now. Even investors who bought into the industry during the first quarter made out quite well, with the Horizons Marijuana Life Sciences ETF , which holds more than four dozen cannabis stocks of various weightings, gaining over 50%.

Wed
07
Aug

Aphria’s (TSX:APHA) surprise profit brings hope to beaten-down cannabis stocks

Despite the range of issues that have emerged in recent months and impacted cannabis stocks, including Canopy Growth’s horrendous fiscal 2019 results and CannTrust’s regulatory investigation, cannabis cultivator Aphria (TSX:APHA)(NYSE:APHA) delivered an unexpected profit.

Wed
07
Aug

Only 1 marijuana-impaired driving charge laid in Calgary since legalization

Only one cannabis-impaired driving charge has been laid in Calgary since legalization last October, according to police.

The Calgary Police Service (CPS) believes that number will go up with more officer training and as roadside screening devices advance in technology, but one of the city's top impaired driving defence lawyers says he's not so sure that will be the case.

"There's no charges, there's no wave of cannabis impaired drivers, there's just a big nothing so far," says Tim Foster, whose firm gets about 30 impaired driving cases every month with almost all being alcohol-related.

It's always been illegal to drive while high, so Foster says he wasn't expecting an influx of charges after legalization.

Wed
07
Aug

4 Canadian marijuana stocks that seem most oversold

The relative strength index, or RSI, is an indicator measuring the degree of recent price changes. RSI is used to evaluate overbought or oversold conditions in the price of an asset. Generally, RSI is considered overbought when above 70 and oversold when below 30. Traders often use RSI as a potential indicator towards what direction an asset’s price might move. If a stock is overbought, that means that analysts or traders believe it is trading above its intrinsic value. If a stock is oversold, analysts or traders believe it is trading below its intrinsic value and has the potential for a price bounce. Today we’ve found four oversold Canadian marijuana stocks: cannabis stocks with an RSI below 30 on a basis of their 7-day RSI and 14-Day RSI.

Wed
07
Aug

This cannabis retail stock is a far better bet than any marijuana producer

The nascent marijuana industry has come a long way over the past few years, and while there’s still ample profit to be had from the budding market, the most significant opportunities in the space may be lying outside of the scope of the average investor.

A majority of the hype has undoubtedly been aimed at cannabis cultivators, and while that’s the natural place to go looking for ways to gain exposure to the marijuana space, it’s not the only (or best) way as we wrap up Year One of nationwide legalization.

Many other cannabis sub-industries are gaining more traction, and as the industry matures, there will be multi-baggers that aren’t in the business of growing weed.

Wed
07
Aug

Choom acquires 7 additional retail locations in BC and Alberta

 Choom™ (CSE: CHOO; OTCQB: CHOOF), an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce that it has signed a definitive agreement to acquire The Green Room, a popular cannabis retail store chain which has operated since 2016. 

Wed
07
Aug

Grading the top 5 marijuana stocks

The anniversary of the Cannabis Act is a few months away. Despite the twists and turns that have emerged, investors remain passionate about the marijuana industry.

Today, at the halfway mark of 2019, let’s grade the top five marijuana stocks.

The “dawn”

Aurora Cannabis (TSX:ACB)(NYSE:ACB) is living up to its name. The company’s name derives from the Latin word aurora, which means “dawn.” Yes, the largest cannabis producer is seeing the break of day and is the brightest spot in the sector at the moment.

Wed
07
Aug

3 stocks to sell right now

Holding an underperforming stock in your portfolio can be very risky, as you could be setting yourself up for even greater losses. Below are three stocks that have not been doing well this year and that investors may be better off just selling:

Bombardier, Inc. (TSX:BBD.B) reported yet another disappointing quarter last week. Not only did the company post a net loss of $36 million, which was down from a $70 million profit a year ago, but it also adjusted down its forecast for the year as well.

Free cash flows are also expected to be worse than expected for the year as the company stated it would be investing more money into its rail division.

Tue
06
Aug

A state-by-state look at where cannabis is legal

The marijuana industry is fast-paced is more ways than you can imagine. Sure, growth estimates for the industry are through the roof, with various Wall Street estimates suggesting that global annual sales could grow to between $50 billion and $200 billion in roughly a decade's time. But this isn't the only dynamic aspect of legal cannabis.

Tue
06
Aug

Here's how many investors use pot as marijuana legalization gets broad support

Nearly two-thirds of Americans support marijuana legalization, a new IBD/TIPP poll found, and nearly one-fifth of investor households consumed cannabis in the past six months as more marijuana stocks appear on exchanges.

Consistent with polling elsewhere, 63% of Americans said marijuana should be legalized. Support for marijuana legalization was highest in the West, at 72%, and lowest in the Northeast but still a majority at 55%.

Only 46% of Republicans said weed should be legalized. That compared to 66% of self-described Independents and 75% of Democrats who said it should be legal.

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