Canopy Growth Corp (CGC, WEED) set the cannabis sector on fire last week after announcing a $3.8 billion investment from Constellation Brands (STZ), the third largest beer brewer in the US.
Canopy shares jumped 47% in one day on the news and almost 100% in the following week.
This week, I already see this same cycle about to repeat itself.
Whispers on the Street are speculating that a second cannabis megadeal is close at hand.
If that’s the case – and I believe it is – it’s creating another great investment opportunity. Continue reading "Two Potential Cannabis Acquisition Targets for Alcohol Giant"
Analysis originally distributed on June 28, 2018 By: Michael Vodicka of Cannabis Stock Trades
October 30, 2017 was one of the best days of the year for the young cannabis industry.
That’s the date when Constellation Brands (STZ), the second-largest US beer maker, announced a 10% stake in Canopy Growth Corp. (CGC/WEED), the largest Canadian cannabis company.
It was a groundbreaking moment for the cannabis industry because it was the first time that a big alcohol company had invested directly in a cannabis company.
Not only did it give the young cannabis industry tons of credibility, it also sets the stage for big alcohol to invest billions into the cannabis industry in the next few years.
In the short run, Canopy shares jumped more than 23% in one day on the news.
In the long run, it triggered a 10-week rally in Canopy – and the entire cannabis sector – that sent shares deep into a new all-time high. Take a look. Continue reading "Molson Coors Eyeing Canadian Cannabis Partner"
Analysis originally distributed on January 3, 2018 By: Michael Vodicka of Cannabis Stock Trades
2017 turned out to be a great year for cannabis stocks - particularly if you knew which stocks to buy.
The North American Cannabis Index was up 86% in 2017.
Canadian stocks were on fire - the Canadian Cannabis Index was up 160% in 2017.
Most improved award goes to US cannabis stocks - they were steadily falling for most of the year - down 40% on the year in late October.
Then in early November, a major rally kicked in and US cannabis stocks rallied hard - with the US cannabis index jumping more than 100% from the 52-week low. Continue reading "North American Cannabis Index Jumps 86% in 2017"
Analysis originally distributed on May 19, 2017 By: Michael Vodicka of Cannabis Stock Trades
First-quarter earnings season is almost over.
And the cannabis sector has been knocking it out of the park.
A lot of the stocks that we have covered over the last few months have stepped up and delivered excellent results.
Let's take a closer look.
In terms of pure growth, the best report I've seen came from Aurora Cannabis (ACBFF), one of the largest medical cannabis companies in Canada
Revenue jumped 2,500% from the same period last year to $5.2 million and was up 33% from just last quarter. Continue reading "Aurora Delivers 2,500% Revenue Growth in 12 Months"