|Bid||23.66 x 0|
|Ask||23.70 x 0|
|Day's Range||23.04 - 23.98|
|52 Week Range||12.96 - 47.94|
|Beta (5Y Monthly)||2.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.94|
Because younger investors have the luxury of time, certain speculative investments could be interesting to consider.The post 2 Speculative Stocks for Younger Investors appeared first on The Motley Fool Canada.
Life has been hard these past few months for many people, but for Constellation Brands (NYSE: STZ), it was well-positioned to thrive in this environment. In the face of widespread business disruptions, Constellation still managed to grow its free cash flow 24% year over year in the fiscal first quarter (ended May 31) as revenue declined 6%. As a result, Constellation Brands has the liquidity and strength to pump investment dollars into its next major growth projects: hard seltzer and cannabis.
It's easy for investors to get caught up in the hype surrounding the cannabis industry, especially when expectations are sky-high. There are plenty of examples of cannabis companies falling short of their own expectations. In April 2019, then-CEO Bruce Linton projected that Canopy Growth (NYSE: CGC) would generate over 1 billion Canadian dollars ($744 million) in revenue over a 12-month period starting April 1, 2019, which is the start of the company's fiscal year.
Canopy Growth (NYSE: CGC) and Aurora Cannabis (NYSE: ACB) are among the biggest names in the cannabis industry. It shouldn't be all that surprising to investors that Canopy Growth sees beverages as a key part of its strategy, given that beer maker Constellation Brands (NYSE: STZ) owns a 39% stake in the company.
Canopy Growth Corp (TSX:WEED)(NYSE:CGC) and Aurora Cannabis (TSX:ACB)(NYSE:ACB) are two leaders in the cannabis industry. Should you add them to your portfolio?The post Should You Buy Canopy Growth (TSX:WEED) or Aurora Cannabis (TSX:ACB) Stock? appeared first on The Motley Fool Canada.
Canopy Growth Corporation (CGC) closed at $16.02 in the latest trading session, marking a -1.9% move from the prior day.
Here's why you can look to buy Aphria Inc (TSX:APHA)(NASDAQ:APHA) stock instead of Canopy Growth (TSX:WEED)(NYSE:CGC) stock.The post Buy This 1 Weed Stock Instead of Canopy Growth (TSX:WEED) Stock appeared first on The Motley Fool Canada.
Both cannabis markets are drawing attention. How are these two companies approaching these segments?
Many of the largest cannabis players were having a tough 2020 before the economic wallop of COVID-19.
SMITHS FALLS, Ont. — Canopy Growth Corp. says an employee at its Smiths Falls, Ont. facility has tested positive for COVID-19.Jordan Sinclair, the cannabis company's vice-president of communications, says in an email to The Canadian Press that the infected employee was last at work on June 25.Sinclair says eight people that were in contact with that employee are now self-isolating while they await COVID-19 test results.The facility they worked at is remaining operational while the employees get tested.Canopy has been allowing all workers who can complete their jobs from home to do so since mid-March.Sinclair says the company has also been screening employees for COVID-19 symptoms, increasing facility cleanings and limiting the number of workers present at any given time.This report by The Canadian Press was first published July 6, 2020.Companies in this story: (TSX:WEED)The Canadian Press
TORONTO — A planting machine crawled along the 100-acre Good Farm in Brant County, Ont. on a sunny June day, dropping seeds into the soil in the middle of the COVID-19 pandemic.Behind the wheel was an employee of 48North Cannabis Corp. one wouldn't usually expect: chief executive Charles Vennat."I joked with my team that I was the most expensive farmhand in southwestern Ontario," said Vennat, who professes to keeping a pair of hiking boots in his car trunk for such impromptu jaunts."I've always had the leadership philosophy that you should never ask anybody to do a job in your company that you would not want to do yourself."Vennat, who visits the farm once a week during warm months, was at work on his company's second crop of outdoor cannabis — a fairly new venture for licensed cannabis producers.While many pot producers started out with massive indoor facilities to prepare for the legalization of cannabis in Canada, a handful have turned to outdoor cultivation in order to take advantage of savings from free sunlight and lower electricity and staffing costs.Health Canada began handing out licenses to cultivate cannabis outside in 2019. Interest has since grown steadily.Health Canada told The Canadian Press there were 391 cannabis license holders as of May 31. About 56 are authorized for outdoor cultivation, up from 28 last December.As of March 2020, licence holders had dedicated more than 2.7 million square metres of land to outdoor growing and about 1.9 million square metres for indoor cultivation.Most say savings make outdoor cultivation attractive. A 48North spokesperson said some studies show cannabis grown indoors can cost $2 per gram to cultivate."We cultivated 12,000 kilos last year at 25 cents a gram, which is obviously disruptive," said Vennat."We're quite bullish on the fact that we will do it again this year with even better quality and a lower cost per gram."While Vennat boasts about the price, he admits that the company didn't harvest as much as it hoped and didn't have the right licensed drying spaces."Some went just extremely large scale where other producers started with a more slow and steady approach and I think are scaling up moving into this season," said Robyn Rabinovich, a senior account director at Hill and Knowlton Strategies, who has worked for CannTrust Holdings Inc. and TerrAscend.While many companies were instantly interested in outdoor cultivation, several licensed cannabis producers fought it because they had already invested in large-scale greenhouses, she said.They eventually came around on the idea, which many experts believe could become even more popular because of the cost savings and how easy it is to physically distance on outdoor farms compared to indoor facilities.Those benefits aren't lost on Canopy Growth Corp.It first got into the outside growing game last year with a test crop in Saskatchewan, but is back at it again this year. It hopes to use its crop on edibles, cannabis beverages and vaporizer pens."Your electricity bill is practically nothing when you grow with the sun," said Adam Greenblatt, a senior communications adviser with the Smiths Falls, Ont. company."When you consider indoor growing, you're talking about easily 1,000-watt lamps for every 20 square feet or so and rooms with 100,000 watts of lights, burning 12 to 18 hours a day. It's incomparable."Outdoor cannabis farming also allows for a drop in labour costs. Greenblatt estimates a dozen workers tend to Canopy's Saskatchewan cannabis farm, in comparison to its headquarters, where roughly 1,000 people work.Canopy's indoor growing team is much larger because it involves more labour intensive work such as trimming the flowers and maintaining and operating fertilizer tanks and high-powered lighting.Outside growers can often do their harvesting completely mechanically because the cannabis is being grown to become ingredients for pot products.Even with its benefits, outdoor cannabis farming isn't always a smooth venture, said Andrew Condin, the chief executive at Saskatchewan-based Bold Growth Inc.He's always paying close attention to Mother Nature because hail or high winds can wreak havoc on his cannabis crop.Condin wanted to plant 15 acres of outdoor cannabis this year, but COVID-19 has disrupted that plan.Pandemic-friendly policies have meant Bold's indoor growing operations has to split its workers into two groups and can't spare enough to tend to a full farm doing outdoor cultivation."We basically divided our teams and had no crossover so we didn't have COVID coming through the facility and transmitting through our workforce, but it's been difficult to manage that and to keep that level of protection on our team members," Condin said.When COVID-19 is over or at least subsides, he envisions all 15 acres growing and predicts, "You will see an increase in outdoor cultivation."This report by The Canadian Press was first published July 5, 2020.Companies in this story: (TSX:WEED)Tara Deschamps, The Canadian Press
Today, I'll look at two of the top pot stocks in the industry -- Aphria (NASDAQ: APHA) and Canopy Growth (NYSE: CGC) -- and assess which of these leading cannabis producers is the better stock to hold in your portfolio. One of the ways Aphria has established itself as one of the safer stocks in the industry is by being able to stay in the black on a relatively consistent basis. In its most recent quarterly results, which the company released on April 14, Aphria posted a net income of 5.7 million Canadian dollars on net revenue of CA$144.4 million.
Will the potential of cannabis derivatives products push these two cannabis companies towards growth this year?
Organigram is warning of declining sales and writedowns as the company delays its financial results, citing COVID-19 and “changing market dynamics.”
There's been some significant buyer's remorse of late in the cannabis industry, with would-be acquirers backing out of deals or amending them. It's not uncommon for such deals to change between the time they're proposed and the day they close, but the frequency at which that's happening in the cannabis industry is raising eyebrows among investors. On June 25, Canopy Growth (NYSE: CGC) and Acreage Holdings (OTC: ACRGF) agreed to change the terms of their deal.
While Canopy Growth (TSX:WEED) stock has generated multifold returns in the past, it remains well poised to outperform the broader equity market in the upcoming decade. The post You Won’t Believe How Much $1,000 Invested in Canopy Growth (TSX:WEED) Stock in 2014 Is Worth Today appeared first on The Motley Fool Canada.
Canopy Growth Corporation (CGC) closed the most recent trading day at $16.47, moving +1.92% from the previous trading session.
Year to date, shares of the two largest companies in the cannabis sector, Canopy Growth (NYSE: CGC) and Aurora Cannabis (NYSE: ACB), have not been performing well. Since the beginning of the year, Canopy Growth stock has declined by more than 20%, while Aurora's stock has fallen by as much as 50%. In fiscal year 2020, Canopy Growth generated more than $399 million in net revenue, representing a growth of 76% compared with last year.
Growing concerns in the U.S. pot market forced Canopy Growth to amend the deal with Acreage as the latter reported disappointing Q1 earnings. Will the new arrangement help Acreage's stock?
Many pot stocks are struggling to stay afloat this year, and many will have to shut down due to COVID-19 and the recession that the pandemic has caused. Trulieve Cannabis (OTC: TCNNF) has always been one of the safer pot stocks to invest in, for many reasons. First and foremost is the company's focus on the Florida medical marijuana market.
Industry insiders say the math behind the current policy favours higher-potency drinks while restricting sales of mellower products.
Wondering how to invest in stocks in July? Focusing on companies that benefit from the re-opening such as Lightspeed POS (TSX:LSPD).The post 3 Top Growth Stocks for July appeared first on The Motley Fool Canada.