To begin, familiarize yourself with the chart below. That’s the Canadian Marijuana Index, the performance tracker for Canada’s cannabis sector. Eleven constituents make up the index today, including many of the largest cannabis companies in the country, from Canopy Growth to Tilray. Now, look at the American equivalent over the same period… One […]
Legalization and social acceptance have been critical to the performance of the cannabis market. Over the last five years, the Canadian Marijuana Index (CMI) has enjoyed great bull markets, followed by some devastating bear markets. From a 52-week high of 559.70 in February, the CMI dropped to its current level of approximately 170 points. The […]
Marijuana, cannabis, hashish, pot, weed, dope, grass – whatever you call it – is, once again, arguably the hottest sector in North America. The moves we are seeing in the Canadian and American cannabis sector remind us of late-2017. In other words, the entire space has gone parabolic. Last Tuesday, the Canadian Marijuana Index (CMI) […]
With the Canadian Marijuana Index (CMI) up approximately 67% on the year, the Canadian cannabis industry appears to be getting a second wind. The CMI, which currently sits at 324.24, is the highest its been since September 2019 — a time when the SAFE Banking Act had just passed in the U.S. and Canada’s Cannabis […]
We just passed the half-way point for this month’s Stock Challenge, and the contest is beginning to tighten… Member ‘allan riedlinger’ has officially moved into first place with a return of 88.13%, overtaking member ‘mjluke’ who now sits in second place (73.65% return) and member ‘Matthew Simons’ (55.79% return). 144 of the 414 (~35%) Stock […]
Weed stocks and gold stocks continue to lead the surge in Canadian equity markets. We see a reversal of sentiment as the ‘risk-on’ attitude comes back to the market. The TSX Venture was up a massive 3% Monday as gold stocks lifted the exchange higher. The stealth rally in gold stocks, overlooked until now by […]
Gold and marijuana stocks went ballistic Friday. With the curve flattening in most countries and unimaginable monetary stimulus and government support, equities and confidence is stabilizing. The largest benefactor to date is gold and gold equities, which are in an indisputable bull market with both trading at multi-year highs. While I will go into more […]
The CSE or the Canadian Securities Exchange just had its best day since late March – rising 4.8%. The embattled exchange is still on life support, down better than 60% in the past year, but has had an epic last 30 days. Up about 31.4% from its low in late-March, the exchange is building momentum. […]
Is the sun setting on marijuana small-caps? […]
The latest marijuana earnings may have been the final straw for investors … […]