Analysis originally distributed on April 4, 2018 By: Michael Vodicka of Cannabis Stock Trades
Warren Buffet is the most successful investor of all-time. His net worth of $84 billion makes him the third richest person in the world.
Buffet’s fortune was built on a contrarian view on investing. He once said, “Be fearful when others are greedy and greedy when others are fearful.”
This is good advice for the cannabis sector right now.
After posting huge gains in 2017, the global cannabis sector fell into a bear market in the first quarter of 2018.
However, despite that short-term weakness, the long-term picture for the cannabis industry and cannabis stocks has never looked better.
Cannabis stocks got off to a blazing start in early 2018. Since climbing to an all-time high, the sector spent most of February and March trickling lower.
The Canadian Cannabis Index fell 15% in the first quarter.
Continue reading "Two Cannabis Giants Trading 61% Below 52-Week High"
Analysis originally distributed on March 14, 2018 By: Michael Vodicka of Cannabis Stock Trades
Cannabis beverages are quickly emerging as one of the fastest growing cannabis sub-industries.
For proof - look no further than Canopy Growth Corp (TWMJF), Canada's largest cannabis company.
Back in October, Canopy announced a groundbreaking $200 million investment from Constellation Brands (CONST), the third largest US beer distributor with Corona on the roster.
In the short run, news of the investment sent shares of Canopy soaring - jumping more than 100% in the next 10 weeks.
More importantly - the deal signaled an important shift in the Canadian cannabis industry. Continue reading "Canadian Cannabis Company Betting Big On Beverages"
Analysis originally distributed on March 7, 2018 By: Michael Vodicka of Cannabis Stock Trades
The Canadian cannabis sector scored another blockbuster win last week - and it led to a quick 30% gain for one of Canada's most promising young cannabis companies. If you missed the recent pop higher don't worry - I see this same pattern repeating itself at least a few more times in the next three months. Here's what is going on.
Cronos Group (CRON) is one of Canada's largest and most promising cannabis companies. Shares began trading on the Toronto Venture Stock Exchange in December of 2014. Since then, Cronos has delivered huge gains to shareholders, jumping more than 1400% from its IPO price of $.80.
That impressive performance helped Cronos make history last week when it became the first ever Canadian cannabis producer to trade on the US-based NASDAQ stock exchange. Continue reading "My Plan For Another 30% Gain In 5 Days"