When can you buy marijuana in Ontario?
The provincial government said it will not sell marijuana and cannabis at bricks-and-mortar retail outlets until it establishes a wholesale distribution network to supply marijuana and cannabis to legal private stores — likely by April 2019.
Why are marijuana stocks gaining on Ontario’s supply agreements?
Marijuana stocks saw widespread gains on Tuesday after the Ontario provincial government in Canada announced that it had reached supply agreements with 26 licensed cannabis producers ahead of the recreational drug becoming legalized on October 17.
What is Ontario’s plan to sell cannabis through private retail model?
The plan by Ontario’s newly elected Progressive Conservative government to have cannabis sold through a private retail model stands in contrast to the previous Liberal government’s plan for a provincial government monopoly on all cannabis sales within Canada’s most populous province. Rick Spiro is a journalist with more than 20 years experience.
Which licensed producers have secured Ontario government contracts?
The licensed producers that secured Ontario government contracts include large players such as Canopy Growth Corp. (TSE: WEED), Aurora Cannabis (TSE: ACB) and Aphria Inc. (TSE: APH), as well as smaller companies such as Starseed Medicinal Inc. and Solace Health Inc.
What company just made a deal with the Canadian government?
Shopify CFO: Cannabis deal with Ontario government positions company for other opportunities. Russ Jones, CFO at Shopify joins BNN to talk about the company's latest quarter, after it saw a 71% revenue jump compared to the same time last year.
What is the penalty for growing more than 4 plants in Canada?
allows adults to grow up to four cannabis plants per household which may result in a fine ranging from $2,000 to $100,000, imprisonment of three to 12 months, or both.
Will Aurora stock go up?
Aurora Cannabis Inc (NASDAQ:ACB) The 10 analysts offering 12-month price forecasts for Aurora Cannabis Inc have a median target of 2.68, with a high estimate of 4.00 and a low estimate of 1.59. The median estimate represents a +104.60% increase from the last price of 1.31.
Will canopy stock go up?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Canopy Growth Corp have a median target of 3.92, with a high estimate of 10.09 and a low estimate of 1.99. The median estimate represents a +11.96% increase from the last price of 3.50.
Do clones count as plants?
Clones. Clones or “cuttings” are typically cut from plants during their vegetative stage. This means the plant the cutting is coming from has its own root system and is considered a plant, but at what point does the cutting become a plant for plant count purposes?
Is Aurora a buy or sell?
Aurora Cannabis has received a consensus rating of Hold. The company's average rating score is 1.75, and is based on no buy ratings, 6 hold ratings, and 2 sell ratings.
Is Aurora a good buy?
Aurora Cannabis remains a high-risk bet for investors, despite losing 97% in market value due to its weak financials and a competitive market.
Is Aurora a good investment?
Aurora Cannabis is a loss-making company struggling with tepid revenue growth and shareholder dilution. It's a high-risk bet even after losing 90% in market value in the last three years. There are far better growth stocks that you can buy right now.
Should I buy Cgsi stock?
If you are looking for stocks with good return, CGS International Inc can be a profitable investment option. CGS International Inc quote is equal to 0.0465 USD at 2022-07-01. Based on our forecasts, a long-term increase is expected, the "CGSI" stock price prognosis for 2027-06-28 is 8.591 USD.
Why is Canopy Growth stock falling?
Canopy Growth reported a 36% drop in revenue from Canadian recreational cannabis sales compared with the same quarter a year ago. Canopy Growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations.
Does Canopy Growth stock pay dividends?
Does Canopy Growth Corporation pay a dividend? Canopy Growth Corporation does not currently pay a dividend and has no current plans to introduce one in the future.
What happened in June?
Compared to May, which was an earnings month for most cannabis companies, June had a mixed performance. Hexo reported its results for the third quarter of fiscal 2020. The company has been struggling for a while. Hexo received a delisting notification from the NYSE for trading below $1, which is against the NYSE’s trading compliance.
US cannabis companies keep expanding
US marijuana companies are doing better than their Canadian peers due to rising cannabis sales. Illinois, which is a new legal cannabis market, has seen strong sales every month. Many US cannabis companies that already have stores in the state plan to expand amid the growth.
Marijuana stocks in July
Two marijuana companies might release their earnings in July. OrganiGram will likely report its earnings for the third quarter of fiscal 2020 on July 13. Analysts expect the revenue to decline by 3.0% YoY to 23.9 million Canadian dollars. The company could also report an EBITDA profit of 0.80 million Canadian dollars.
They're positioned right where the money is
Alex began writing for the Fool in early 2020 and follows companies in the healthcare sector. Formerly a researcher in the biotech industry, he leverages his science background in his work as a writer and entrepreneur. His interests include exploring his hometown of Boston, traveling in Latin America, and value investing.
1. Innovative Industrial Properties
Innovative Industrial Properties ( NYSE:IIPR) is an evergreen cannabis stock because it has something that every other marijuana company needs: money. Cash-strapped medicinal marijuana cultivators can go to IIP and sell their indoor greenhouse space to raise funds.
2. Green Thumb Industries
Green Thumb Industries ( OTC:GTBIF) is a traditional cannabis company that sells marijuana products directly to consumers. Importantly, its presence in a smattering of the most vibrant adult-use and medicinal cannabis markets in the U.S. enabled it to grow its quarterly revenue by nearly 90% year over year as of Q1.
3. Trulieve Cannabis
As with Green Thumb, Trulieve Cannabis 's ( OTC:TCNNF) skill is balancing expansion into new regional medical marijuana markets while maintaining a strong bottom line. Building on its leading 48% share of the Florida market, Trulieve is currently working toward new regional centers to power future growth.
1. Innovative Industrial Properties
Innovative Industrial Properties ( NYSE:IIPR ) is an evergreen cannabis stock because it has something that every other marijuana company needs: money. Cash-strapped medicinal marijuana cultivators can go to IIP and sell their indoor greenhouse space to raise funds.
2. Green Thumb Industries
Green Thumb Industries ( OTC:GTBIF ) is a traditional cannabis company that sells marijuana products directly to consumers. Importantly, its presence in a smattering of the most vibrant adult-use and medicinal cannabis markets in the U.S. enabled it to grow its quarterly revenue by nearly 90% year over year as of Q1.
3. Trulieve Cannabis
As with Green Thumb, Trulieve Cannabis's ( OTC:TCNNF ) skill is balancing expansion into new regional medical marijuana markets while maintaining a strong bottom line. Building on its leading 48% share of the Florida market, Trulieve is currently working toward new regional centers to power future growth.
When will recreational marijuana be available in Ontario?
Sales of recreational marijuana, beginning on October 17, will only be available through the Ontario Cannabis Store’s online retail channel. The provincial government said it will not sell marijuana and cannabis at bricks-and-mortar retail outlets until it establishes a wholesale distribution network to supply marijuana ...
How many licensed cannabis producers are there in Ontario?
The Government of Ontario announced after markets closed on Monday that it had signed agreements with 26 licensed cannabis producers to supply government-run distributors with marijuana and cannabis items.
When did marijuana become legal in Canada?
Marijuana stocks saw widespread gains on Tuesday after the Ontario provincial government in Canada announced that it had reached supply agreements with 26 licensed cannabis producers ahead of the recreational drug becoming legalized on October 17. Smaller marijuana producers, which signed “initial agreements” with the Ontario Cannabis Store ...
Here are the two best marijuana stocks to choose from in a high-growing, hyper-competitive sector
Zhiyuan Sun is a statistician with a knack for analyzing clinical trials and company financials. Investing in healthcare and cannabis is his passion, as well as looking out for new, actionable stock investment ideas in these sectors. Lately expanding into innovations in cryptocurrency alongside biotech/cannabis content. Fool since April 2020.
A large, profitable pot producer
Among major Canadian pot producers, Aphria ( NASDAQ:APHA) currently boasts the highest quarterly net revenue, the highest operating income, and the highest adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
An industry leader in CBD oils
Currently, Charlotte's Web Holdings ( OTC:CWBHF) is the No. 1 brand in CBD wellness products. The company's hemp oils are sold in over 21,000 retail locations, with 2.34 million pounds produced in 2019 and 862 acres planted.