Cannabis Corner: These stocks all have bright futures

Article Excerpt

Canada legalized cannabis over four years ago. While demand has been steady, stiff competition has cut selling prices significantly. Meanwhile, advertising restrictions and plain packaging rules make it hard to build brands that win customer loyalty. Still, we think some companies have a distinct edge—including their prospects for added sales in the U.S. as President Joe Biden stirs talk that the federal government could eventually decriminalize cannabis use. Those are the quality stocks we focus on in “Cannabis Corner.” CANOPY GROWTH, $1.42 (Toronto symbol WEED; TSINetwork Rating: Speculative) (Shares outstanding: 494.9 million; Market cap: $687.9 million; TSI Cannabis Quality Rating [CQR]: ) continues to introduce new beverages. This includes Canada’s first-to-market cannabis infused beverages with naturally occurring caffeine under the Deep Space brand. The two drinks— Deep Space Propulsion Pulsar Peach and Deep Space Propulsion Cosmic Cherry Lime—each have 10 mg of THC and 30 mg of naturally occurring caffeine. Canopy Growth is a speculative buy. FIRE & FLOWER HOLDINGS $0.98 (Toronto symbol FAF; TSINetwork Rating: Speculative) (fireandflower.com;…