CGC - キャノピ―・グロ―ス （）

Canopy Growth stock is one of three stocks that have been hit hard, despite big potential in their respective businesses. The post 3 Stocks You Can Still Buy for Under $20 a Share appeared first on The Motley Fool Canada .

Can Canopy Growth shrink its way to profits?

These are the stocks posting the largest moves in midday trading.

If Canopy Growth shares (NASDAQ:CGC) (TSE:WEED) seem a bit unsettled right now, it''s largely connected to the company''s plans to abandon the Canadian brick-and-mortar retail market. Canopy Growth is selling its Tweed and Tokyo Smoke stores—along with all the intellectual property around Tokyo Smoke— to OEG Retail Cannabis. Meanwhile, a set of five stores in Alberta will go to 420 Investments Ltd. OEG Retail Cannabis, previously, was a licensee that operated all of the Tokyo Smoke stores in Ontario. Thus, this move will likely be a natural fit for OEG. The last 12 months for Canopy Growth shares largely show a race to the bottom.

https://www.investing.com/news/pro/canaccord-genuity-reiterates-sell-rating-on-canopy-growth-432SI-2901001

Top Marijuana Stocks To Buy This Month Are you looking for the best marijuana stocks to buy this month? If the answer is yes here is what you should know about the sector and the cannabis industry. To begin most marijuana stocks trade with a high level of volatility. This means that as quickly as the sector can rise is as fast as it can drop. So with this, it can be tough at times to see sustained trading. But there are those who are able still to take profits from these quick rises in trading. Currently, this up and down trading is still evident for most marijuana stocks. However, there are several catalysts that could help the sector see better trading. During August some cannabis companies will begin to release earnings. Hopefully, with strong reports, it will help add some positive sentiment to the sector. As well there is the continued push to end cannabis prohibtion which many feel will be the reason the sector sees a big run. Now, none of the above market catalysts are set in stone as guaranteed market movers.

This was a very challenging year for pot stocks . Year-to-date, AdvisorShares Pure US Cannabis ETF (ARCA:MSOS) dropped 54.01%, AdvisorShares Pure Cannabis ETF (ARCA:YOLO) declined 57.46%, compared to SPDR S&P 500 (ARCA:SPY) which lost 13.61%. Looking into some of the biggest cannabis players out there, the situation is pretty much the same. Since the beginning of the year Aurora Cannabis (NASDAQ: ACB ) fell 75.57%, Tilray (NASDAQ: TLRY ) plummeted 51.96%, Canopy Growth (NASDAQ: CGC ) lost 70.29%, Cronos Group (NASDAQ: CRON ) declined 24.17%. Despite the harsh market conditions, reports that long-awaited legislation was finally introduced sent cannabis stocks soaring . The bill from Senate Majority Leader Chuck Schumer , Senators Ron Wyden and Cory Booker - the Cannabis Administration And Opportunity Act (CAOA) - was presented on July 21st. There’s no doubt that the passage of any of a number of cannabis-related reforms would have a similar effect on pot stocks. The question is – how long will the rally last?

The marijuana industry got hammered on the stock market last year due to regulatory hiccups. However, recent developments point to a more encouraging future. Nevertheless, the current macro-environment has played spoilsport leading to a massive sell-off in marijuana stocks. Hence, it has created an interesting buying opportunity for investors to pick up marijuana stocks to buy on the dip. The marijuana sector is likely to expand at an annual growth rate of roughly 25.5% through 2030, and investors are looking to profit. As more states and nations legalize cannabis, more opportunities will emerge for current business owners and entrepreneurs. Therefore, there’s plenty of upside potential with investing in the sector and for users to effectively diversify their portfolio. 7 Dividend Stocks to Buy on the Dip Here are seven marijuana stocks to buy on the dip. STZ Constellation Brands $246.74 TCNNF Trulieve Cannabis $12.80 HITI High Tide $1.42 GTBIF Green Thumb Industries $9.39 GRWG GrowGeneration $4.74 PLNHF Planet 13 Holdings $1.86 CURLF Curaleaf Holdings $5.59 Constellation Brands (STZ) Source: IgorGolovniov / Shutterstock Constellation Brands (NYSE: STZ ) is an alcoholic beverages giant that operates one of the most diverse product portfolios in the space.

The Fed raises rates 75 basis-points … what’s the latest on earnings? … corporate layoffs are beginning to grow … will tomorrow reveal that we’re in a recession? Today, the Fed matched expectations by raising rates 75 basis-points. The central bank has now raised rates in four consecutive meetings, bringing the target fed funds rate to a range of 2.25%–2.50%. This is comparable to levels in 2019. Wall Street was already in a good mood before the Fed’s announcement, with all three indexes up comfortably. Once the rate hike hit the news, stocks edged even higher after it was clear there would be no surprises. But it was when Federal Reserve Chairman Jay Powell took to the podium and alluded to an eventual rate slowdown that we saw a sharp move higher in stocks. From Powell: As the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases while we assess how our cumulative policy adjustments are affecting the economy and inflation. The Nasdaq celebrated the most.

Despite having some favorable legislation in the pipeline, cannabis stocks continue to struggle. As we look across the board on Tuesday, Aurora Cannabis (NASDAQ: ACB ) and Canopy Growth (NASDAQ: CGC ) are both down about 5.5%. Hexo (NASDAQ: HEXO ) is faring a bit better, down about 4%, while Tilray (NASDAQ: TLRY ) is down less than 3%. Still, bulls are desperate for a win right now, and today’s action is a bit baffling. It comes on the heels of federal legislation being put forward in Washington. Today, the Subcommittee on Criminal Justice and Counterterrorism is meeting to discuss decriminalizing marijuana. The hearing is titled “Decriminalizing Cannabis at the Federal Level: Necessary Steps to Address Past Harms.” The goal is to remove cannabis as a Schedule I controlled substance and expunge prior federal marijuana convictions. Further, lawmakers want to allow states to set their own cannabis laws. That’s all under the Cannabis Administration and Opportunity Act (CAOA), but there are also banking considerations.

As investors piled into cannabis stocks this week, Canadian pot producer Canopy Growth Corp. got left in the dust.

As investors piled into cannabis stocks this week, Canadian pot producer Canopy Growth got left in the dust.

Cannabis flower prices seem to be inversely proportional to their sales , at least according to data provided by Seattle-based Headset which tracks six recreational cannabis markets, including California, Colorado, Michigan, Nevada, Oregon and Washington state. Marijuana flower sales increased from $4.92 billion in 2020 to $5.49 billion in 2021, Headset data showed, while the price per gram of flower plunged over the same period, decreasing 14% from $6.78 in January to $5.82 in December 2021. The drop In prices was attributed to more production within the market and growers expanding their facilities, reported Marijuana Business Daily. In Canada, licensed cannabis producers have become dependent on value flower , according to Cantor Fitzgerald’s Pablo Zuanic. Big producers such as Canopy Growth Corp. (NASDAQ: CGC ), Aurora Cannabis Inc. (NASDAQ: … Full story available on Benzinga.com

It is happening again, the Benzinga Cannabis Capital Conference will be held this coming September 13-14 in Chicago after the overwhelming success of its 4/20 Miami event. As part of celebrating individuals, entrepreneurs and organizations doing amazing things in the cannabis industry, Benzinga will have the honor of featuring Nancy Whiteman , a pioneer in the cannabis space as the co-founder and CEO of Wana Brands - a leading cannabis-infused products company, which Whiteman founded in 2010. A native of Colorado, Whiteman was instrumental in securing the company’s position as a top international brand now available in more than 3,000 dispensaries across the U.S. and Canada. Following the legalization of adult-use cannabis in Colorado, Wana''s sales skyrocketed. Over the next few years, Whiteman oversaw the company’s expansion into a number of new states, such as Oregon, Nevada, Arizona, Illinois, Maryland, Florida and Massachusetts. In November 2021, Wana and the Canadian company Canopy Growth (NASDAQ: CGC ) entered into an agreement that gives Canopy the right to …

Multiple headwinds weighed on the cannabis giant''s shares last month.