Cannabis

Buzzworthy news that can lead to more investing exposure is exciting for under-the-radar companies. On April 20 -- which just happens to be known as an unofficial marijuana holiday -- Auxly Cannabis Group ( OTC:CBWTF ) began trading on the Toronto Stock Exchange (TSX). But make no mistake, this is not a new company, and not a first listing. Auxly has been around since 1987, and has traded on the TSX Venture Exchange (TSXV) since 2017 as Cannabis Wheaton Income Corp. It changed its name to Auxly in 2018, and has traded on the U.S. over-the-counter (OTC) market. Will its new listing on the TSX be the launch pad that propels an investment rocket? Image Source: Getty Images On the backend As a consumer packaged goods company, Auxly shells out millions of dollars in exchange for a decent sized piece of the crop, along with minority equity interest in its partner companies. When marijuana was still illegal in Canada and financing was difficult to come by, Auxly was there …

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The market hasn't been kind lately to cannabis stocks, with several cannabis ETFs down 14% to 15% over the past six months. MariMed ( OTC:MRMD ) and Gage Growth ( OTC:GAEG.F ) are both bucking that trend, however -- these two small-cap stocks have both shown phenomenal growth this year. MariMed is up more than 70% for the year, while Gage is up more than 3% since its debut in April on the Canadian Securities Exchange. Nonetheless, the current situation presents a buying opportunity, as both are more than 24% below their highs for 2021. MariMed and Gage have forecasted revenue growth this year of at least double what they achieved in 2020, and I'm excited by how far they've come in the past year. Image source: Getty Images. MariMed has found a path to profitability MariMed is a multistate operator focused on what it sees as five high-growth states: Delaware, Illinois, Maryland, Massachusetts, and Nevada. It has seven dispensaries with three more in development, …

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Share to Twitter Share to Linkedin Italy’s ballot campaign on cannabis decriminalization has achieved over 500,000 signatures in one week, but it is trapped in a bureaucratic quagmire. Italians are craving cannabis decriminalization . Hundreds of thousands of people showed it by joining the ballot campaign, which would allow people to cultivate and possess cannabis without penalties. Italy’s ballot campaign on cannabis decriminalization achieved 500,000 verified electronic signatures in only one week against expectations. According to Italian law, 500,000 signatures allow proponents to proceed with the ballot campaign that would decriminalize the domestic cultivation of cannabis and end penalties for personal use. Although the ballot won’t legalize cannabis in Italy, it would ease the life of over 6 million people who consume cannabis in Italy. Part of the credits for this overwhelming success belongs to the digitalization of the ballot system …

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The government of Thailand has started offering loans to community enterprises and farming cooperatives to plant cannabis. The plants were taken off Thailand’s narcotics list earlier this year. The Bank for Agriculture and Agricultural Cooperatives (BAAC) senior executive vice-president Somkiat Kimawaha said the loans will help farmers who want to plant cannabis (Hemp) as an alternative to rice. Mr. Somkiat said that the planting of cannabis for medical use requires a large investment, and it also requires far more care and knowledge to grow, far more than rice. “You need to be far more diligent to plant cannabis (Hemp), above all because plant demands close care,” he said. The Bank for Agriculture loans for cannabis (Hemp) farmers will charge an interest rate of 0.01% per year for the first 3 years. The Agriculture Bank expects to grant the cannabis loans on a prudential basis, he said. He said once the parts of the cannabis plant were taken off Thailand’s narcotics …

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What happened Shares of Canadian cannabis company Sundial Growers ( NASDAQ:SNDL ) were on the move Tuesday morning. After popping nearly 6% early, Sundial shares were holding on to a 3% gain as of 10 a.m. EDT. So what Sundial issued a press release today related to its investment in The Valens Company , a Canadian cannabis products and processing services company. Sundial has previously been invested in Valens, but according to today's release it now holds a 10% stake. The release is just a disclosure filing required under Canadian financial regulations, but it highlights the business strategy widely followed Sundial Growers will use going forward. Image source: Getty Images. Now what The so-called "early warning report" filing requirement is meant to ensure market participants are aware of a significant accumulation in a security. Sundial said it added 100,000 shares last week to its existing holding of Valens, bringing its ownership to 10%. The shares …

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As 2021 enters the final quarter, now may be a good time for investors to look ahead to which stocks to pick up heading into the new year. And there are a couple of good sectors to focus on, including two that are continuing to expand: marijuana and sports betting. Both of these industries are growing in size as states continue to lift legal restrictions relating to their operations, making now an exciting time to invest in them. Two stocks that can give you some terrific exposure to these industries are MariMed ( OTC:MRMD ) and DraftKings ( NASDAQ:DKNG ) . There are plenty of opportunities ahead for these companies that should make them incredibly attractive to growth-oriented investors . Image source: Getty Images. 1. MariMed Marijuana producer MariMed is a bit of an under-the-radar cannabis stock. Although the company has been delivering some strong growth numbers, it still trades at a price-to-sales multiple of 4.2 -- lower than those of larger multi-state …

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Buying small to mid-cap growth stocks at their inflection points -- that is, just as the investment community is discovering their hidden value, can deliver great returns. Investors can see awesome gains over the course of a few short weeks once everyone starts buying these stocks at the same time. Marijuana producer Auxly Cannabis Group (TSX: XLY) ( OTC:CBWTF ) and uranium mining company Cameco (TSX: CCO) ( NYSE:CCJ ) both hold tremendous growth potential. What's more, they all rank No. 1 in their sector's market share, respectively. Let's look at how they can line investors' pockets. Image source: Getty Images. 1. Auxly Cannabis Group It's becoming harder and harder to find solid growth stocks in the Canadian marijuana sector. Indeed, producers have stashed more than 1.1 million kilograms of pot -- equivalent to about three years of consumption -- while growing more each month. Hypercompetition and price collapse are wreaking havoc …

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The stock market has fallen sharply over the past few weeks, so it was inevitable that at some point, market participants would see major benchmarks whip back upward. Tuesday morning brought that relief for bullish investors, accompanied by a significant decline in interest rates that showed at least some inflation fears appeared to get put to rest. As of 11:15 a.m. EST, the Dow Jones Industrial Average ( DJINDICES:^DJI ) climbed 285 points to 32,088. The S&P 500 ( SNPINDEX:^GSPC ) jumped 72 points to 3,893, and the Nasdaq Composite ( NASDAQINDEX:^IXIC ) skyrocketed 435 points to 13,044. Plenty of beaten-down market leaders were among big winners on Tuesday morning, as growth stock investors reasserted their supremacy at least for a short while. More surprising for some, though, was that stock picks inspired by the Reddit group WallStreetBets were back in full force. In particular, GameStop ( NYSE:GME ) , AMC Entertainment Holdings ( NYSE:AMC ) , …

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Volatility is back in the stock market as we approach the final quarter of 2021. Those swinging indexes are a reminder that stock prices often wiggle, sometimes crash and/or rally, but march higher over the long term at a rate that can generate wealth for patient shareholders. One of the hardest aspects of that simple process is holding your shares through the good times and the bad. Selling too soon is a great way to ensure underperformance. So let's consider a few stocks that aren't likely to tempt you into selling due to a bad quarter. These are strong companies at attractive valuations -- stocks that can grow through a wide range of market conditions. We're going to take a closer look at Procter & Gamble ( NYSE:PG ) , Walmart ( NYSE:WMT ) , and Constellation Brands ( NYSE:STZ ) . Image source: Getty Images. 1. Procter & Gamble Procter & Gamble has earned its reputation as one of the market's most dependable blue-chip stocks. With Tide …

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While the beer market as a whole has been slowly losing its fizz for years, a presentation by Constellation Brands ( NYSE:STZ ) showed the company might be poised to thrive going forward. The presentation, given at the Barclays Consumer Staples Conference on Sept. 8, was upbeat in tone and highlighted the advantages Constellation believes will bring it ongoing growth in the short and long term. The market seemed to agree as the stock jumped following the presentation. Here are four takeaways investors can use to judge if the company's bullish outlook is justified. 1. It's focusing on high-end beer and wine As part of its growth strategy, Constellation is focusing on high-end beer and wine where consumer demand is growing rapidly. It is redirecting resources toward premium categories, which can help it achieve higher margins too. The company's data indicates high-end beer has seen 6% compound annual growth over the three-year period ending in 2020, with similar gains looking …

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