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Why You Should Check Out These Popular Cannabis Stocks

Are these cannabis stocks making a comeback?

cannabis stocks to buy

Could These Two Pot Stocks See Bulls This Month?

Cannabis stocks have seen a massive amount of growth in the past few years. The expectation of state-level legalization in the U.S. generates an overall positive momentum in the marijuana space. Not to forget that Canada is going to become the first industrialized country to legalize marijuana. Shall both countries give green light to the pot industry, there’s a high chance that most, if not all marijuana stocks are going to skyrocket.

Like other industries, not all companies are created equal. Hence, some top cannabis stocks are growing at a faster rate than the others. All else being equal, the management that is running a particular cannabis company is particularly important. Sometimes the person running the company could be more important than the quality of their products or services. Why do I say that? Reason being, a bad management could over-leverage or carry out non-strategic acquisitions that wouldn’t be able to add value to the company. 

Marijuana is also a growing industry. With growth, comes various expenses and generally high cash burn rate. That said, without healthy balance sheets, many marijuana stocks wouldn’t be able to sustain to reap the benefits when the catalysts mentioned above come into effect. Recently, many marijuana stocks have posted deeper losses for the quarter. Amongst them are, Tilray (TLRY Stock Report), Cronos Group (CRON Stock Report) and OrganIGram Holdings (OGI Stock Report).  Cannabis stocks reporting huge loss is no longer a new thing in the market. On the flip side, there are also top pot stocks that are worth the attention. And most importantly, they have stronger balance sheets. With all that in mind, are these two top cannabis stocks on your watchlist?

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Top Pot Stocks To Watch In August 2020: Canopy Growth

Shares of Canopy Growth (CGC Stock Report) soared 8% on Monday after the world’s most valuable marijuana company by market capitalization reported first quarter results that topped Wall Street’s expectations. The company saw its first quarter revenue increased by 22% and EBITDA loss was much better than expected. Marijuana stocks investors cheered the results.

One segment that is worth investors attention are the cannabis-infused beverages, namely Tweed Houndstooth & Soda and Tweed Bakerstreet & Ginger. The company had doubled its throughput in July. It planned to repeat its strategy again in August. Canopy believes cannabis beverages could be a “game-changer” for the industry and is ready to take advantage of the market.

“They also have the right to bring our drinks to the U.S. market and I’m hopeful that we hear from them over the next few months about their plans to bring our drinks to places like Illinois, “I think it would be really exciting to kind of get the game on in the U.S. and see how they actually do in a market such as the one that exists in Illinois.”- David Klein- CEO of Canopy Growth.

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Top Pot Stocks To Watch In August 2020: Aurora Cannabis

Aurora Cannabis (ACB Stock Report) is one of the bigger names out there in the marijuana space. The company had one of the wildest rides compared to its industry peers. Aurora was on the verge of being delisted from New York Stock Exchange after ACB stock fell below $1. The company avoided potential delisting through share dilution. Certainly not a good way to maintain its listing status if you ask me. However, the company turned a new leaf in May after surprised investors with its third quarter results.

It is now important for Aurora to achieve profitability. Earlier this year, the company told investors that it is going to achieve positive EBITDA by the third calendar quarter this year. To achieve this target, Aurora has made a number of operational changes to reduce expenses.

Besides, there could also be a reduction of its workforce. This does not just affect the working level though, as there will also be restructuring at the executive level. In addition, the closure of five small-scale facilities in the next 6 months should improve the focus of the business.

By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.