Cannabis Corner: These three pot stocks keep prospering

Article Excerpt

First, the good news: 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 $51.61 (Toronto symbol WEED; TSINetwork Rating: Speculative) (Shares o/s: 376.8 million; Market cap: $20.1 billion; TSI Cannabis Quality Rating [CQR]:) reported 23.2% higher revenue in the quarter ended December 31, 2020. Sales rose to $152.5 million from $123.8 million. The increase was mainly due to a rise in Canadian recreational and International medical cannabis revenue. Meanwhile, Canopy continues to lose money. But it has a huge $1.6 billion cash balance, and the backing of alcoholic beverages giant Constellation Brands (symbol STZ on New York), which owns 38% of the…