Analysis originally distributed on Juney 13, 2018 By: Michael Vodicka of Cannabis Stock Trades
Blockbuster drugs are the holy grail of the pharmaceutical industry.
When annual sales of a hot new drug break the $1 billion mark, investors are usually rewarded with big gains.
This is what began happening in 2012 with Gilead Sciences Inc. (GILD).
In 2013, the FDA approved Gilead’s hepatitis C drug Sovaldi.
In 2014, Gilead scored an FDA approval for another Hep C drug, Harvoni.
Both drugs went on to quickly hit blockbuster status – sending shares of Gilead soaring – jumping more than 200% in the next two years.
Today, the young cannabis industry is in hot pursuit of its first-ever cannabis blockbuster – and it looks like a winner could be crowned on June 27. Continue reading "Leading Cannabis Biotech Could Soar"
Analysis originally distributed on May 31, 2018 By: Michael Vodicka of Cannabis Stock Trades
Cannabis IPOs have a proven history of delivering big returns in a short amount of time.
Medreleaf (LEAF) is a great example.
Medreleaf became the largest Canadian cannabis IPO ever in June 2017. Investors were eager to buy and shares quickly began rising.
Less than 12 months later, shares are up 275% from the IPO price.
Today – I see this same cycle repeating itself.
One of the largest US cannabis companies just began trading on the Canadian Stock Exchange – and much like Medreleaf – I am expecting good things. Continue reading "Is This Canadian Cannabis IPO The Next Big Winner"
Analysis originally distributed on May 10, 2018 By: Michael Vodicka of Cannabis Stock Trades
US cannabis stocks got a big jolt last month after President Trump promised to support cannabis.
After taking a short breather, it looks like US cannabis stocks are ready for another push higher.
The MJIC US cannabis index in a formation known as a Bullish Flag – a formation on the chart that frequently leads to an upside breakout and new high.
This Bull Flag is creating a great opportunity. If the index surges higher cannabis shareholders should pick up some nice gains.
Today – I want to reveal a promising young cannabis company headquartered in Canada that is making a big splash in the US cannabis market. Continue reading "Are US Cannabis Stocks Ready To Push Higher?"
Analysis originally distributed on April 28, 2018 By: Michael Vodicka of Cannabis Stock Trades
Investing in cannabis stocks is exciting and can be very lucrative. However, given their volatility, it is important to keep these 7 tips in mind to confidently and successfully leverage this explosive sector.
1 – Create Realistic Expectations:
The legal cannabis industry is one of the most exciting investments I’ve ever been around in 17 years of trading and investing. Many cannabis stocks have delivered big returns in a short amount of time. These outsized returns have expectations running sky high for the cannabis stocks. Although I’m expecting great things from cannabis stocks, don’t get too excited about gains and don’t get too bummed about losses.
2 – Focus on the Long Run:
When analyzing an investment, sometimes I use a microscope and other times I use a telescope. For cannabis stocks, I am using my telescope. That means I am looking at this investment from 10,000 feet above. I am expecting plenty of volatility in the short run. But in the long run, I am expecting the industry and stocks to steadily move higher for many years. It’s another way of saying don’t sweat short-term volatility. Continue reading "7 Tips To Make Cannabis Stocks Profitable"
Analysis originally distributed on April 19, 2018 By: Michael Vodicka of Cannabis Stock Trades
US cannabis stocks just had their best day of the year after a game-changing shift in US cannabis policy hit the Street. If I’m correct, the stage is now set for a huge rally that could send cannabis stocks deep into a new all-time high.
On April 13, the US cannabis index jumped more than 15%, the largest one-day gain of the year, on news of a huge shift in US cannabis policy.
In news that completely shocked the cannabis industry and stocks, President Trump promised to support legislation to protect state cannabis rights.
Here’s a clip from a Bloomberg article with more details: Continue reading "Game-Changing Reversal In US Cannabis Policy"