Cannabis Corner: These stocks are all set 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. CANOPY GROWTH $17.16 (Toronto symbol WEED; TSINetwork Rating: Speculative) (Shares o/s: 393.6 million; Market cap: $7.1 billion; TSI Cannabis Quality Rating [CQR]: ) now plans to close its one-million-square-foot Niagara-on-the-Lake facility. That’s after acquiring a superior facility in Kincardine, Ontario, as part of the purchase of Supreme Cannabis for $435 million earlier this year. Meanwhile, Canopy will also try to win over shoppers during the December holidays by selling peppermint ribbons and fruit gummy packages under celebrity chef Martha Stewart’s brand. The products will be infused with cannabidiol, a compound found…

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