U.Scannabis stock Curaleaf debuts in Toronto - CBC News

Cannabis stocks rise on legalization hopesTim Seymour talks the move

The Single Strategy To Use For Top Marijuana Stocks for February 2022 - Investopedia

g. new brick-and-mortar stores, e-commerce expansion), lower legal market rates, and the introducing of new cannabis-derived items unavailable to the illegal market," Gomes stated. Recreational marijuana sales are forecasted to represent just over half the earnings mix for the Canadian marijuana market at $3. 9 billion in 2021, but with more approval and the steady obliteration of the illicit market, Gomes projections recreational sales to represent 90.

Meanwhile, medical marijuana sales remain continuous throughout the decade at roughly $600 million each year. Gomes pays particular attention to companies in referencing the significance of the market on certified producers and retailers: Toronto-based independent seller Fire and Flower (Fire and Flower Stock Quote, Chart, News TSX: FAF) and Calgary-based producer High Tide Inc.

In his December 14 analysis accompanying the company's 3rd quarter monetary results being launched, Gomes viewed Fire and Flower in a favorable light with an "Outperform" rating, paired with a target cost of $15/share and a forecasted one-year return of 158 percent at the time of his newest upgrade on the company (December 14).

"We view FAF as one of the long-lasting winners in the Canadian retail space due to their partnership with Alimentation Couche-Tard, digital capabilities, and strong capital position," Gomes said. On the other hand, in his October 20 analysis, Gomes kept in mind that High Tide had pivoted its Canna Cabana stores to a discount club retail model, a relocation planned to enable High Tide to take on other Canadian worth brands.

What Does Pot Stock News - Latest Marijuana Stock & Cannabis Stock Mean?

Gomes provided HITI an "Outperform" score in his October 20 report and $13. 25 target for a forecasted return at the time of 79 per cent. "For LPs, our thesis is that the Canadian market offers a large upside to the assessments of mid- and small-caps that execute well," Gomes stated.

Weekly Cannabis Stock News: 4/20 Was a Bust in 2020 - The Motley Fool

Begin the New Year With Schaeffer's 7 FREE 2022 Stock Picks!

There is a ton of uncertainty in the investing world today. First, brand-new COVID-19 pressures have actually become an ever-present danger to the entire economy. Second, numerous companies are still dealing with supply chain concerns. Lastly, experts anticipate interest rates to increase at any minute. However, despite  Official Info Here  of this chaos, a few business have actually begun the season off strong.

Let's analyze a few of these top trending stocks and see why investors are excited about them.