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.
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.