Edibles Leader Begins Trading In Canada

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.

This company…

  • 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"

The #1 Stock For The US Hemp Boom

Canopy Growth Corp (CGC, WEED), the largest cannabis company, just made history in the US cannabis industry.

Canopy just became the first cannabis company ever to receive a permit from the state of New York to grow hemp.

This is a big win for Canopy and a shot in the arm for the US hemp industry. The new license gives Canopy a valuable first-mover advantage in the high-growth US hemp market. That should help Canopy build on its early industry leadership in the global cannabis market.

I’m also impressed by how quickly this deal happened. The Farm Bill passed less than a month ago and the state of New York has already issued its first hemp permit. This is an important indicator. It tells me the US hemp market is about to be unleashed with states such as New York ready to open the door.

The good news gave Canopy a boost on the chart – shares jumped 11% on the day and are now up 58% in the last three weeks. Continue reading "The #1 Stock For The US Hemp Boom"

3 Reasons Why You Should Still Avoid MJ, The Marijuana ETF

2018 was a tough year for long-term buy and hold marijuana investors. As a whole, the industry went on quite a wild roller-coaster ride. Marijuana stocks popped in December 2017 as anticipation for the ‘legalization’ of the drug occurred in the state of California on January 1st, 2018. We saw stock prices and the ETFMG Alternative Harvest ETF (MJ) jump as investors anticipated a ‘boom’ for the industry.

But, within a month or so of the legalization date, most of the marijuana-related stocks have fallen in price and MJ was trading below its December 2017 price. A few months went by, and most of the industries stocks just meandered along. Then the next big ‘legalization’ date grew near, October 17th, 2018, the day marijuana became legal in Canada.

The price of most of the well known and many of the lesser-known marijuana stocks, and MJ of course, once again began to ski-rocket. MJ, for example, went from $24 per share in August 2018, to as high as $45 per share, with its peak occurring just days before October 17.

Each time a new State or large country legalizes the drug, the companies in the industry experience an unfound increase in their valuation as investors buy shares at an insanely high rate. This type irrational buying leading up to a hyped up, essentially arbitrary date has put a lot of investors in a really bad place in 2018. MJ for one is down more than 24% in 2018, while other individual marijuana companies have seen their stock prices fall even further. Continue reading "3 Reasons Why You Should Still Avoid MJ, The Marijuana ETF"

O, Canada! Huge Day For Cannabis Investors

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"

Can Canopy Rivers Copy Canopy's Success?

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.

Canopy Rivers

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?"