Village Farm is a solid cannabis investment that could double your money (again). David Jagielski has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Trulieve Cannabis Corp., Village Farms International Inc, and Village Farms International, Inc.
Full Answer
Which marijuana stocks should you avoid in 2020?
Another marijuana stock investors should avoid like the plague in 2020 is Canada's Cronos Group ( NASDAQ:CRON). Cronos may have the second-most cash on hand of any pure-play pot stock, but its operating performance has been abysmal.
Why are cannabis stocks down this year?
Most cannabis companies have seen their shares drop so far this year, as lowered profits, the slowed pace of legalization, and expectations have scared investors off. The AdvisorShares Pure Cannabis ETF is down more than 49% this year, while the ETFMG Alternative Harvest ETF has fallen more than 39%.
Is Trulieve the best pot Stock to buy?
This market reaction gives investors a chance to buy a top-notch pot stock at a discounted valuation. Its stock is also down 45% from its peak, but Trulieve is a profitable MSO and has been operating in the black for over three years.
Is its stock down 45% from its February high?
Its stock is also depressed, down 45% from the highs hit in February after the market sold off most pot stocks. This is another cannabis player with enormous potential. Image source: Getty Images.
What is the most promising pot stock?
7 best marijuana stocks to buy for 2022:OrganiGram Holdings Inc. (OGI)Cresco Labs Inc. (CRLBF)Curaleaf Holdings Inc. (CURLF)Green Thumb Industries Inc. (GTBIF)Trulieve Cannabis Corp. (TCNNF)TerrAscend Corp. (TRSSF)Village Farms International Inc. (VFF)
What are the Motley Fool 5 stocks?
Best Stocks to Buy According to Motley FoolSBA Communications Corporation (NASDAQ:SBAC)Jones Lang LaSalle Incorporated (NYSE:JLL)Atlassian Corporation Plc (NASDAQ:TEAM)Mastercard Incorporated (NYSE:MA)Axon Enterprise, Inc. (NASDAQ:AXON)
Is Sundial growers a buy?
Following the Q3 earnings report, Sundial shares experienced a strong rally. However, even though SNDL is worth just over 50 cents and is under pressure to pass the $1-per-share level to remain in compliance with Nasdaq, here are three reasons why buying the stock ahead of earnings could be a good deal.
Which stock is best to buy now?
Stocks to Buy Today: Best Shares to Buy in IndiaNameLTPChg.(%)Bajaj Finance5,655.000.44Bajaj Finserv11,529.001.24Bharti Airtel683.650.26Britannia Inds.3,660.05-1.0911 more rows
What is the best company to invest in right now?
Market volatility has a way of humbling even the top 10 stocks to buy right now. Nonetheless, now is an interesting time for the stock market....Top 10 Stocks To Buy Right NowShopify Inc. ... PayPal Holdings, Inc. ... Netflix, Inc. ... The Walt Disney Company (NYSE: DIS)CrowdStrike Holdings, Inc. ... Airbnb, Inc. ... Roku, Inc.More items...
Will SNDL stock go up?
Sundial Growers Inc (NASDAQ:SNDL) The 3 analysts offering 12-month price forecasts for Sundial Growers Inc have a median target of 0.50, with a high estimate of 0.81 and a low estimate of 0.49. The median estimate represents a +49.97% increase from the last price of 0.33.
Is SNDL stock a buy or sell?
According to the issued ratings of 3 analysts in the last year, the consensus rating for Sundial Growers stock is Hold based on the current 2 hold ratings and 1 buy rating for SNDL.
Should I sell my Sundial Growers stock?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sundial Growers in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Sundial Growers stock.
How much is Trulieve's net income in 2020?
In 2020, Trulieve reported net income of $63 million on sales of $522 million -- which more than doubled from the previous year. And even just during the first three months of 2021, its profits for the first quarter are already more than $30 million.
When did Pure Sunfarms start shipping vapes?
It was only in August 2020 that Pure Sunfarms began shipping vapes and other products related to the cannabis 2.0 segment. Canada legalized the segment, which includes edibles and beverages, in 2019, one year after dried flower products were legalized in the country.
Some Clues
Luckily, most investment teasers, although very vague, usually provide enough hints and clues so that we are able to find out what stocks they are teasing without buying into whatever they are promoting - and this is no exception.
Their Stock Pick Exposed
This might sound strange at first, but what they are teasing here is Shopify (NYSE: SHOP), which is an ecommerce platform used to create online stores to sell products/services online. Some large companies that sell over their platform include Red Bull, Tesla, Sephora, Nestle and many more.
A Good Investment?
Buying SHOP as a marijuana play could be a good investment, but it's hard to say how much of an impact the growth of marijuana will actually have on the stock price - and likely not all that much.
Quick Recap
Anders is the founder and chief editor of Green Bull Research. When he's not investigating new opportunities and adding to his portfolio, you might find him taking a nature walk or reading a Steven Pressfield novel.
Why was Trulieve stock hit?
Beyond the broad move away from cannabis companies and the potential for regulatory snafus that may arise if and when legalization is achieved, Trulieve's stock was hit because of guilt by association. Its CEO's husband was found guilty of fraud in an unrelated business, and the market reacted.
How much will the marijuana market grow in 2025?
The legalization of marijuana in the U.S. could set off one of the biggest growth trends in history. Even though pot has only been legalized in about half the states for either medical or recreational use (or both), New Frontier Data estimates the U.S. legal weed market will grow 16% on an annualized average basis through 2025. That means annual marijuana sales will hit $43 billion, or more than double its current size.
What is Trulieve's target market?
Trulieve has achieved this distinction by also focusing on its target market, which up until recently has been primarily the state of Florida, though it's now trying to replicate its success in other states. It achieved economies of scale that it can now apply to new markets and grow at a methodical pace.
Is Cresco a licensed marijuana distributor?
In keeping with that narrowness of purpose, Cresco has one of the few cannabis distribution licenses in California, the world's largest market for marijuana based on annual sales.
Is Virginia a medical marijuana market?
It also just entered Virginia's new medical marijuana market with some of the state's first whole-flower sales for patients .
Is Columbia Care a pot stock?
Since Columbia Care is profitable on an adjusted basis, it's a pot stock to buy before the market corrects its myopia.
Is every cannabis business a winner?
Not every cannabis business will be a winner, but the three-pot stocks below look best-positioned right now to capitalize on the opportunity.
Who is the founder of Motley Fool?
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
How much cash is in canopy growth?
By the end of calendar year 2018, Canopy Growth had close to CA$5 billion in cash on its balance sheet. But by the end of September 2020, it was down to CA$1.72 billion. Mind you, this includes a CA$245 million add-on investment from Constellation earlier this year.
Why did Hexo do a reverse split?
HEXO also recently completed a 4-for-1 reverse split to avoid being delisted from the New York Stock Exchange. Here's a tip: Companies that are in solid financial shape rarely, if ever, have to worry about enacting reverse splits to avoid delisting. HEXO should be avoided in 2021.
Is Aurora Cannabis generating positive EBITDA?
Even if Aurora Cannabis is able to finally generate positive EBITDA after significant cost-cutting activity, it's likely years away from turning a profit. A company that's backpedaling in a fast-growing industry isn't where you want to park your money.
Is Hexo stock delisted?
HEXO also recently completed a 4-for-1 reverse split to avoid being delisted from the New York Stock Exchange. Here's a tip: Companies that are in solid financial shape rarely, if ever, have to worry about enacting reverse splits to avoid delisting. HEXO should be avoided in 2021. Image source: Getty Images.
Who is the CEO of Canopy Growth?
Constellation Brands has a clear vested interest in Canopy Growth's success, which is likely why its former CFO, David Klein, is now Canopy's CEO. But like Aurora, Cronos, and HEXO, Canopy Growth is failing miserably in the operating department.
Did Hexo buy Newstrike?
I'll admit that by mid-2019, HEXO looked great. It had acquired Newstrike Brands to bolster its capacity, was expected to lean heavily on higher-margin derivative products, and had secured an aggregate 200,000-kilo wholesale order with Quebec over a five-year period. However, regulatory and supply channel issues have plagued the launch of derivatives. Meanwhile, the Newstrike deal ultimately wasn't needed. HEXO eventually wrote down the bulk of the purchase and sold the Niagara facility for a mere CA$10.25 million.
How much cash did Tilray lose?
Having $174 million in cash and cash equivalents might sound like a lot, but Tilray lost $71.3 million on an operating basis in just the most recent quarter.
How much has the cannabis industry declined in 2020?
Over the next 12 months, ended March 31, 2020, the vast majority of cannabis stocks declined by anywhere from 50% to 90%. Supply issues in select Canadian provinces, high tax rates on legal product in the U.S., financing concerns throughout North America, and even the coronavirus disease 2019 (COVID-19) pandemic, ravaged the industry.
Is Hexo a train wreck?
But like Aurora and Tilray, HEXO is its own form of train wreck. This is a company that permanently closed its Niagara facility, which was acquired in the Newstrike Brands acquisition last year, and is now looking to sell Niagara to raise capital.
Is Aurora Cannabis goodwill?
Investors who dig into the meat and potatoes of Aurora Cannabis will also find an ugly balance sheet. More than half of the company's total assets are classified as goodwill -- an indication it grossly overpaid for its numerous acquisitions.
Is Aphria a risk free stock?
And with the moves Aphria's been making, it's not hard to be optimistic about the company's future results. While Aphria, like any other pot stock, isn't a risk-free investment, ...
Is Aphria a safe pot?
Image source: Getty Images. If Aphria can continue to find ways to trim its costs, it'll only make the company's profits more sustainable and likely to continue in future periods, and that's why it may be one of the safer pot stocks to invest in today.
Is Aphria a good company?
Aphria ( NASDAQ:APHA) is a good example. The company has been one of the better-performing marijuana producers over the past year in terms of both sales growth and profitability. But that hasn't been enough to turn the stock price around, as a negative outlook for the industry as a whole has kept Aphria's valuation from rising this year ...
Who is David Jagielski?
David Jagielski is a designated accountant and has spent 10+ years working in finance for small and large businesses in many different sectors. He has been writing for The Fool since 2017. When he's not out hunting for cheap stocks or writing articles, odds are he's writing macros in Excel or reading history books.