Tag: How to invest in Marijuana

Canopy Positioned to Dominate with $430 Million Bid for Mettrum

Posted on by The INO.com Team

Analysis originally distributed on Decemberber 7, 2016 By: Michael Vodicka of Cannabis Stock Trades

Two of my favorite cannabis stocks reported great news.

On December 1 Canopy Growth Corp (TSX:CGC), Canada’s largest medical marijuana company, announced a $430 million bid to purchase industry rival Metrum (TSX.V:MT).

This is one of the most important events of the year in the cannabis industry.

If the merger is approved by regulators and shareholder it would the single largest merger in the history of the young cannabis industry.

It would help solidify Canopy’s status as the giant of the Canadian medical marijuana market.

The combined company would have a market cap of more than $1 billion, 655,000 thousand square feet of annual production capacity and the potential to capture half the entire Canadian medical marijuana. Continue reading "Canopy Positioned to Dominate with $430 Million Bid for Mettrum" →

Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday

Posted on by The INO.com Team

Analysis originally distributed on November 30, 2016 By: Michael Vodicka of Cannabis Stock Trades

While Cyber Monday and Black Friday did deliver solid sales growth, the cannabis industry was on a totally different level.

Joe Milton is the CEO of Baker, a cannabis industry software platform that connects dispensaries and customers with ordering systems, loyalty programs and message services. Baker operates in 175 dispensaries in seven U.S. states and Ontario.

In an interview with online publisher Westword, Milton reported huge sales gains across its network of users over the holidays.

From “Dispensaries Break Online Sales Records on Cyber Monday After a Very Green Friday” via Westword.

“Cyber Monday sales were up 70% from a ‘regular day’ while the average ticket price was up 230%.

According to Baker’s data, online orders went up 77 percent last week, when customers were using Baker’s loyalty program 65 percent more than they had in the previous two months.

On Black Friday, dispensaries across the state experienced almost twice the volume of a normal day.

Weed Wednesday saw 55 percent more orders than on a typical day and a 25 percent increase in the size of purchases, Milton notes. Baker also spotted a spike in concentrate sales.”

The spike in holiday sales is good news for the cannabis industry. Continue reading "Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday" →

Cannabis Stocks Flashing Buy After Worst Week Of Year

Posted on by The INO.com Team

Analysis originally distributed on November 23, 2016 By: Michael Vodicka of Cannabis Stock Trades

If anyone thought investing in weed stock was going to be easy, this week was a reality check.

Cannabis stocks collided with two obstacles in the last week.

The first, four of the largest Canadian medical marijuana stocks were temporarily halted because of high levels of volatility.

For example, last Wednesday Canopy Growth Corp (CGC) was surging into a new all-time high above $17 – up more than 20% on the day.

While that was great news for shareholders, it set off the Toronto Stock Exchanges (TSE) circuit breaker. Shares were temporarily halted so the exchange engines wouldn’t melt down like a hunk of warm cheese.

Aphria (APH), the second-largest Canadian medical marijuana company, and Organigram (OGI), the third-largest Canadian medical marijuana company, were also halted last week after hitting new all-time highs.

The trading halts only lasted a few minutes at a time.

However, damage was inflicted. Continue reading "Cannabis Stocks Flashing Buy After Worst Week Of Year" →

Canadian Cannabis Stocks are Surging

Posted on by The INO.com Team

Analysis originally distributed on November 16, 2016 By: Michael Vodicka of Cannabis Stock Trades

It’s been a tale of two markets for cannabis stocks.

On one hand, U.S. cannabis stocks have struggled since eight U.S. states approved new marijuana programs last Tuesday.

For example, industry leader Terra Tech (TRTC) is down 18% in the last five days. Kush Bottles (KSHB) is down 35%.

On the other, Canadian cannabis stocks have been killing it.

Canopy Growth Corp (CGC), the largest medical marijuana company in Canada is up 74% in the last week. Aphria (APH) is up 51%. Organigram (OGI) is up 46%.

Chart of Canopy Growth Corp.

Chart courtesy of StockCharts.com

This has a lot of cannabis investors scratching their heads.

After all, didn’t the U.S. market just see a big wave of legalization? Continue reading "Canadian Cannabis Stocks are Surging" →

Cannabis Industry Bats 88% As 8 Out Of 9 States Vote Yes

Posted on by The INO.com Team

Analysis originally distributed on November 10, 2016 By: Michael Vodicka of Cannabis Stock Trades

The results are in. November 8, 2016 will go down in history as a great day for the legal cannabis industry and the world.

Nine U.S. states had medical and recreational marijuana programs on the ballot. From those nine states, eight have voted yes.

On the recreational side, four out of five states have approved new initiatives.

  • California: passed
  • Massachusetts: passed
  • Nevada: passed
  • Maine: passed
  • Arizona: failed

As you can see this list includes California, the world’s largest marijuana market.

On the medical side, all four states voted yes.

  • Florida: passed
  • Arkansas: passed
  • Nevada: passed
  • North Dakota: passed
  • Montana: passed

Florida looked like a huge baller this election cycle.

Not only did it virtually decide the presidential election as a key swing state, it also decided to throw another log on the fire and legalized medical marijuana for good measure.

These results mark a watershed moment for the legal cannabis industry. I expect these additional legalizations to serve as a huge catalyst for the industry.

On January 1, 2017, 29 states, more than half the country, will have medical and recreational programs in place.

That will create new jobs, increase tax revenue and decrease crime.

I also expect it to be a powerful catalyst for marijuana stocks. Continue reading "Cannabis Industry Bats 88% As 8 Out Of 9 States Vote Yes" →