The group may also be able to increase its retail stores which would likely help increase its strong position among peers.

Since cannabis is a highly regulated industry, retail licenses are not given out easily.

The results showed that the Canadian cannabis sector remains oversupplied. quotes delayed at least 15 minutes, all others at least 20 minutes. It would also enable you to participate in a potential up move.

Article printed from InvestorPlace Media, https://investorplace.com/2020/05/cgc-stock-not-ready-post-earnings-pop/. After all, the stock is much cheaper than it was a year ago. Canadian Consumer (i.e., retail recreational) – further divided into Business-to-business and Business-to-consumer; Other: revenue from recent acquisitions including Storz & Bickel GmbH & Co., KG (“Storz & Bickel”), TWP UK Holdings Limited (“This Works”), and BioSteel Sports Nutrition Inc. (“BioSteel”). ), a marijuana-themed exchange-traded fund (ETF), hit an all-time low of $8.81. As the international expansion dream for pot stocks comes to an end, we are likely to see the industry in Canada to consolidate further and eventually to stabilize.

1125 N. Charles St, Baltimore, MD 21201. Canopy Growth Stock Doesn’t Look Ready for a Post-Earnings Pop, ) is expected to release Q4 FY20 financial results on. If it begins to see profits and a stop to the cash-burn issues, then CGC stock may well deserve to be on your radar screen.

Virtual Investor Meeting – June 22, 2020. So in the Q4 results, investors would like to see how COVID-19 pandemic may be affecting the supply and demand levels in the country. Check out the beautiful pre-earnings action we saw in Canopy Growth stock before that two-day slide last Thursday and Friday. Stakeholders are also realizing that it is too soon to count on federal legalization to happen in the U.S. And other international sales outside Canada and the U.S. are not big enough to act as a substantial catalyst for the share price of CGC as well as other pot stocks. The 7 Best Semiconductor Stocks to Buy Today, Louis Navellier and the InvestorPlace Research Staff, Matt McCall and the InvestorPlace Research Staff, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, SPI Stock News: Why SPI Energy Is Surging 700% Today, 7 5G Stocks for the Next Communication Revolution, 10 Stocks For Beginners To Buy Today For Profits Tomorrow, The Holes in the Bull Case for Workhorse Stock, Buy Exxon Mobil Stock While It’s Still Deeply Unpopular.
Especially in 2019, the slow rollout of retail stores in major Canadian provinces resulted in lower than expected demand, driving inventory levels higher and profit margins lower for most pot stocks like CGC. As we get ready to finish the first half of 2020, is this a great opportunity to buy into the future potential of one of the definite leaders in the Canadian pot space? In the News / Press Releases . In the coming weeks, I expect CGC stock to trade between $12.5 and $17.5. However, like many other cannabis producers.

But that may not be such an adverse development for those investors looking to enter the cannabis industry for the long run. In such a case, I’d be willing to give more time for the efforts of Klein who is likely to take further appropriate decisions that match the realities of the Canadian cannabis market. Now, it is hovering at around $16. Canopy Growth to Webcast Fourth Quarter and Fiscal Year 2020 Earnings Conference Call on May 29, 2020. He was previously the CFO of the alcoholic beverages giant Constellation Brands (NYSE:STZ). I would personally like to see the upcoming quarterly results before buying Canopy Growth shares. For cannabis investors, CGC stock needs little introduction. Net revenue was $123.8 million CAD, up from $76.6 million CAD.
Shares are down 11.5% since reporting last quarter.

CEO David Klein. also completed all 3 levels of the Chartered Market Technician (CMT) examination.

In late 2018, during the early weeks following legalization, Canadians spent about $40 million on legal weed. What's Behind Canopy's Earnings Beat And Tilray's Disappointing Results?

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