Cannabis Corner: These stocks are all poised for gains

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. CRONOS GROUP $4.24 (Toronto symbol CRON; TSINetwork Rating: Speculative) (cronosgroup.com; Shares outstanding: 375.0 million; Market cap: $1.5 billion; TSI Cannabis Quality Rating [CQR]: ) reports that its revenue rose 51.3% in the three months ended December 31, 2021, to $25.8 million from $17.0 million. The increase in sales was primarily driven by continued growth in the adult-use market in Canada and increased sales in the Israeli medical market. Meanwhile, Cronos plans to close its Peace Naturals facility in Stayner, Ontario, to streamline its operations and improve profitability. Cronos Group is a..