Cannabis Corner: All three are expanding their markets

Article Excerpt

First, the good news: cannabis legalization will eventually lead to some great business successes. The bad news is that only a few of the multitude of cannabis stocks today will pay off for investors. Consumer cannabis demand is high, but growing and distributing it across multiple markets is more difficult. With “Cannabis Corner,” we focus on quality stocks that are most likely to emerge as winners in the “Wild West” of marijuana investing. CANOPY GROWTH $33.58 (Toronto symbol WEED; TSINetwork Rating: Speculative) (Shares o/s: 372.3 million; Market cap: $12.6 billion; TSI Cannabis Quality Rating [CQR]:) will now cease operations at five facilities across the country and lay off more than 200 workers. Those production sites represent approximately 17% of the company’s enclosed Canadian production and 100% of its Canadian outdoor production. Canopy is closing the facilities to cut output and costs in the face of a smaller-than-anticipated legal market for cannabis flower in Canada. At the same time, the company also aims to expand…