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, $3.86 (Toronto symbol CRON; TSINetwork Rating: Speculative) (cronosgroup.com; Shares o/s: 375.6 million; Market cap: $1.5 billion; TSI Cannabis Quality Rating [CQR]:), reports that while its revenue jumped 98.5% in the quarter ended March 31, 2022, it also lost $32.6 million, or $0.09 a share. Meantime, the company has initiated a strategic plan to realign the business around its brands, centralize functions and evaluate its supply chain. All this, if successful, is aimed at delivering $20 million to $25 million in cost savings this year, primarily driven by savings in…

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