Cannabis Corner: These stocks are all making smart moves

Article Excerpt

First, the good news: widening 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. VILLAGE FARMS, $5.71, (Nasdaq symbol VFF; TSINetwork Rating: Speculative) (www.villagefarms.com; Shares o/s: 88.1 million; Market cap: $515.5 million; TSI Cannabis Quality Rating [CQR]: ) has voluntarily delisted its shares from the Toronto Stock Exchange. With Village Farms’ common shares being listed on Nasdaq since February 2019, the company believes the trading volume of its common shares on the TSX no longer justifies the expense and administrative requirements. Village Farms also believes Nasdaq provides its shareholders with sufficient liquidity. Village Farms is still a speculative buy. VIVO CANNABIS, $0.08, (Toronto symbol VIVO; TSINetwork Rating:…

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