Klaus Vedfelt/DigitalVision via Getty Images This week the Associated Press reported that the US Drug Enforcement Administration will reschedule cannabis from a Schedule 1 drug to Schedule 3. Without exaggeration, this is the most important development in the US for cannabis in recorded history. Investors recognized the importance of the reports, and many cannabis stocks…
The world witnessed unprecedented power grabs and supply chains disruptions over the past couple of years. The almost perfect alignment between big government, big banks and corporations should be a serious cause for concern across the agricultural sector. These moves represent no less than the most serious threats to our freedom and survival as businesses,…
gopixa Amplify Alternative Harvest ETF (NYSEARCA:MJ) was the first cannabis ETF to start trading. The exchange-traded fund covers investments in a wide swath of cannabis stocks, but diversity is possibly not the best option in the space. My investment thesis is Bullish on the upside of the ETF based on positive trends in the cannabis…
Darren415 I wrote about Ascend Wellness (OTCQX:AAWH) in early November, saying it was no longer the cheapest MSO. The stock was trading at just $1.00 then, and it now trades much higher. I like it, though! To be fair, I liked it then too, but I was concerned that it wasn’t as cheap to its…
IM Cannabis Corp. (NASDAQ:IMCC) Q4 2023 Earnings Conference Call March 28, 2024 9:00 AM ET Company Participants Anna Taranko – Director, Investor & Public RelationsOren Shuster – Chief Executive OfficerUri Birenberg – Chief Financial Officer Conference Call Participants Aaron Grey – Alliance Global Operator Good morning and welcome to IM Cannabis’ Fourth Quarter 2023 and…
halbergman Shares of Aurora Cannabis (NASDAQ:ACB) are down by more than 95% since three years ago. The marijuana cultivator is a shadow of its former self. Many of its cultivation and retail facilities in Canada were shuttered over the past few years to match its output capacity to the anemic demand in its core markets,…
OpenRangeStock/iStock via Getty Images I covered SNDL (NASDAQ:SNDL) last April and gave the company a Hold rating. The stock has gained 26.81% since my coverage. Most of the gain occurred in the last thirty days and surrounds the current cannabis sector rally. I continue a Hold rating for SNDL and will consider in this article…
Darren415 When GrowGeneration (NASDAQ:GRWG) was much higher in early December, I suggested that investors should avoid the stock. I said then that I would “buy some closer to $2” when the stock was trading near $3. It is now 15% of the model portfolio I share with members of my investing group. I named it…
Yaroslav Litun/iStock via Getty Images When the recently listed Ispire Technology Inc. (NASDAQ:ISPR) announced its latest quarterly results on Feb. 20, investors were underwhelmed by its story of the vaping market’s big potential. The stock fell by nearly 10% over the next few days despite a 31% revenue increase to $41.7 million for the three…
Nikolay Ponomarenko I follow Green Thumb Industries (OTCQX:GTBIF) closely and have done so since it went public in 2018. I think that the company has a decent business and the best balance sheet of the large MSOs. The company, which will report its Q4 on Tuesday afternoon, seems overvalued to me relative to peers. I…
Olena Ruban/Moment via Getty Images Introduction During 2021 cannabis stocks were the new hot ticket item in the market, but since then the burning fire surrounding them has seemed to cool. In turn, this has caused many of them to trade at attractive valuations currently. Especially, if you believe in the long-term outlook on the…
SasinT Gallery/Moment via Getty Images Trulieve Cannabis Corp. (OTCQX:TCNNF) [CSE:TRUL] presents a fantastic opportunity for investors interested in the U.S. cannabis sector. Its high-quality and consistent leadership, sound business strategy, and a genius tax plan can yield great results for years to come. This position aligns with Seeking Alpha’s Quant Rating of “Buy”. Introduction Trulieve…
Yarygin The cannabis sector is slowly emerging from its long period of prohibition, and investment opportunities are turning heads. Retail investors believe in the industry’s future and want to participate before regulations change. The institutions covering the sector are keeping a close eye on it even if most have yet to dip their toes in….
jurgenfr This was a tough year for cannabis stocks! While some have rallied, most have declined. Stocks that have seemed cheap have gotten cheaper. One that I really like, Organigram (NASDAQ:OGI), was down a lot in 2023, but it has rallied since I last wrote about it in October. I called it a great stock…
Nikolay Ponomarenko I have followed Green Thumb Industries (OTCQX:GTBIF) since it went public in 2018, and it is one of the 26 cannabis stocks on my Focus List. I do not include it in either of the model portfolios I share with my investing group. It’s very popular with investors. I last wrote about the…
Mario Tama Thesis A friend of mine is retiring this month and asked me to point him in the direction of companies with attractive yield on cost potential. My first response was that he should check out Altria Group, Inc. (NYSE:MO). They have significant cash flow and have been buying back shares, this has allowed…
Pipat Yapathanasap/iStock via Getty Images Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is the slightly larger cannabis mortgage REIT versus peer AFC Gamma (AFCG). Its focus on cannabis credit has meant a multi-layered risk profile from both rising interest rates over the last 2 years and concentration in a single industry that has seen intense headwinds…
Rex_Wholster It’s been almost six months since I last wrote here about Trulieve Cannabis (OTCQX:TCNNF), calling out its excellent entry point then at $3.87. Indeed, it was, but is it a buy at the higher price now of $5.61? In this piece, I discuss why it has rallied, review the two quarterly reports since my…
Delta 9 Cannabis Inc. (OTCQB:DLTNF) Q3 2023 Earnings Conference Call November 15, 2023 11:00 AM ET Company Participants Alexa Goertzen – Vice President-Sales John Arbuthnot – Chief Executive Officer Jim Lawson – Chief Financial Officer Ian Chadsey – Vice President, Corporate Affairs Conference Call Participants Lev Zentner – National Bank Operator Good morning, ladies and…
Rex_Wholster I wrote about Planet 13 (OTCQX:PLNH) in mid-August after it reported its Q2, calling it cheap. It is a bit higher now, but it is down a lot since it exploded higher in early September, more than doubling. It is down again year-to-date and offers investors the best way to invest directly in the…
Sunan Wongsa-nga Canopy Growth Corporation (NASDAQ:CGC) saw its stock price rally last week, gaining nearly 50% at peak rally, based on the rally among cannabis stocks amid reports DEA may reclassify drug as less risky – that the US Department of Health and Human Services (HHS) had finally advised the US Drug Enforcement Administration (DEA)…
lorozco3D Listen to the podcast below or on the go via Apple Podcasts or Spotify. Alan Brochstein and Julian Lin join us to discuss investing in cannabis stocks and mistakes made along the way (3:00). Why companies should be more aggressive in paying down debt (9:00) Investing timelines and federal legalization (19:00) Cannabis REITs and…
A_Melnyk Investment Thesis Innovative Industrial Properties (NYSE:IIPR) is like a two-in-one deal for those seeking to get in on the booming cannabis business while still enjoying the safety of regular income. The business model is simple: buying a property and getting rent. What is unique about IIPR is that it leases the property to cannabis…
halbergman Innovative Industrial Properties (NYSE:IIPR) is a curious phenomenon. The cannabis REIT is generating enviable 83.3% free cash flow margins yet continues to trade near a double-digit dividend yield. The source of the weakness appears due to the never-ending cannabis bear market, as cannabis prices across the nation continue to experience weakness. Wall Street appears…
nndanko The bearish case against SNDL (NASDAQ:SNDL) is tangible and still developing on the back of consistent quarterly losses and a liquidity position besieged by these losses. The Calgary-based cannabis and liquor retailer just reported its fiscal 2023 second-quarter earnings that saw revenue grow by 9.3% over its year-ago comp to C$244.5 million with a…
Delta 9 Cannabis Inc. (OTCQB:DLTNF) Q2 2023 Earnings Conference Call August 15, 2023 11:00 AM ET Company Participants Alexa Goertzen – Vice President-Sales John Arbuthnot – Chief Executive Officer Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to the Delta 9 Q2 2023 Financial Results Conference Call. [Operator Instructions] This call is…
Douglas Rissing In mid-August, InterCure (NASDAQ:NASDAQ:INCR), one of the leaders in the global medical cannabis market and one of its largest producers in Israel, will publish financial results for the 2nd quarter of 2023. According to the Ministry of Health, the consumption of medical cannabis in Israel rose to 4.88 tons in June 2023 from…
underworld111/iStock via Getty Images I wrote about Verano Holdings (OTCQX:VRNOF) in mid-March and explained that it is facing a challenge with its projected margins. I said then that I do like the company, but I wasn’t holding it in my model portfolios. I still don’t, though the stock has declined a bit since that piece….