The last month of action in Canadian cannabis stocks has many investors wondering:
"Have I missed the boat?"
Since Constellation Brands Inc. (NYSE: STZ) announced its blockbuster investment in Canopy Growth Corp. (NYSE: CGC) on Aug. 15 – and a bumper crop of additional good news – other major Canadian cannabis stocks have rocketed upward.
Cronos Group Inc. (NASDAQ: CRON)… 137%
Aurora Cannabis Inc. (OTC: ACBFF)… 129%
Canopy Growth… 110%
Tilray Inc. (NASDAQ: TLRY)… 613%
With gains like that, it's natural to ask if the boat has sailed, at least for the foreseeable future. And in some cases, it's true that some of these companies have a lot of work to do to justify their new valuations.
Fortunately, investors, even if they missed this rally, have incredible upside to look forward to in the cannabis sector.