The edibles market has quickly evolved into one of the fastest growing cannabis subsectors.
With Canada set to legalize edibles this year and more US states legalization medical and recreational cannabis, annual sales of edibles in the US and Canada could hit $4.1 billion by 2022.
While Dixie Brands (DIXI, DXBRF) is still my favorite edibles company right now, I see another promising cannabis company that is already cashing in on the edibles trend.
Slang Worldwide Inc. (SLNG) is headquartered in Denver, Colorado and is an early leader in the high-growth, US edibles market.
- is one of the largest edibles companies in the US.
- owns some of the most popular edibles brands in the industry.
- is seeing sharp growth in sales.
- just went public on the Canadian Securities Exchange.
- Slang is already an established leader in the US cannabis industry with a market cap of approximately $600 million. That makes this one of the largest cannabis companies and cannabis IPOs we have seen in the last six months.
Slang operates in ten US states, including high-growth states such as Colorado, Nevada, and California, and plans to be in ten more states by the end of the year. Its products are sold in more than 2,600 stores and across five continents. Continue reading "Edibles Leader Begins Trading In Canada"
O, Canada! What a historic moment for the cannabis industry!
Canada just became the first developed country in the world to legalize recreational cannabis.
Now that legalization has set billions of dollars in motion, Cannabis Stock Trades members are in a prime position.
We've been prepping our portfolios to capitalize on this giant day and it's finally here.
Cannabis stocks have a clear history of jumping higher before and after these key legalization dates.
Let's take a look at three recent examples.
1. Cannabis stocks soared when Colorado went legal on Jan 1, 2014.
On January 1, 2014, Colorado became the first US state to legalize recreational cannabis.
It was a breakout moment for the US cannabis industry – and it sent US cannabis stocks soaring. Continue reading "O, Canada! Huge Day For Cannabis Investors"
Canopy Growth Corp (WEED, CGC) has been one of the best performing cannabis stocks in the world.
Shares of the world’s largest cannabis company are up 560% in the last twelve months.
One of the reasons Canopy has been so successful is because of CEO Bruce Linton.
Linton has developed a reputation as one of the best CEOs in the young cannabis industry.
Not only does Linton have a bold vision for Canopy and the entire cannabis industry, he has a proven history of execution.
If you missed out on Canopy’s big run higher don’t worry – I see a new way to invest in Bruce Linton and his success with Canopy. Continue reading "Can Canopy Rivers Copy Canopy's Success?"
Analysis originally distributed on August 3, 2018 By: Michael Vodicka of Cannabis Stock Trades
Game-changing companies don’t come along very often. But when they do, shareholders usually see big gains.
This pattern continues to repeat itself in the stock market.
Netflix (NFLX) is a recent example.
Back in 2007, Netflix introduced a game changer in the home entertainment industry, releasing a new service that enabled customers to stream movies from the internet into their homes.
That innovation led to ridiculous gains for Netflix shareholders that completely crushed the broader stock market.
In just the last six years, Netflix has surged from $7.50 per share to a recent high above $400. That 5,000% return means that a $10,000 investment in Netflix in 2012 would be worth about $500,000 today.
These game changers are rare and hard to find. True game-changing technology doesn’t come around very often.
That’s why I’m excited about a new cannabis stock that reminds me of Netflix in 2007. Continue reading "Sproutly Looking To Revolutionize The Cannabis Beverages Industry"
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"