Cannabis Corner: These stocks all have bright futures

Article Excerpt

Canada legalized cannabis four years ago. While demand has been steady, stiff competition has cut selling prices significantly. Meanwhile, advertising restrictions and plain packaging rules make it hard to build brands that win customer loyalty. Still, we think some companies have a distinct edge—including their prospects for added sales in the U.S. as President Joe Biden stirs talk that the federal government could eventually decriminalize cannabis use. Those are the quality stocks we focus on in “Cannabis Corner.” FIRE & FLOWER HOLDINGS $1.20 (Toronto symbol FAF; TSINetwork Rating: Speculative) (www.fireandflower.com; Shares outstanding: 44.5 million; Market cap: $52.5 million; TSI Cannabis Quality Rating [CQR]: ) has just opened an additional store in the province of British Columbia, in Kelowna. It’s the sixth store opening in Canada in just the past 30 days. Other recent store openings include: a Fire & Flower branded corporate store in Winnipeg, and four stores operating under license by MC Cannabis Inc. and located adjacent to Alimentation Couche-Tarde Circle K convenience…