Categories: Marijuana InvestingU.S. Investing

Cannabis Corner: Good News From the North

Across the history of the cannabis industry, sentiment and fundamentals have often moved in opposite directions. That’s what makes it especially gratifying to see stocks and sales move together this week.

The latest Canadian numbers reveal that cannabis sales jumped 5% between July and August, hitting a record in the process. That’s roughly $186 million a month for the growers to share.

Every Canadian province reflected the uptick. And with revenue pointing in the right direction, I’m happy to report that the stocks are rallying.

Canopy Growth Corp. (NYSE:CGC) is up 38% this month. Tilray Corp. (NASDAQ:TLRY) is doing even better. Even Aurora Cannabis Inc. (NYSE:ACB) has erased its post-earnings losses and gotten back to work.

On the retail side, GrowGeneration Corp. (NASDAQ:GRWG) and Green Thumb Industries Inc. (OTCMKTS:GTBIF) are up around 28% in the last three weeks. It looks like a boom.

Admittedly, it’s still the early stages, and these stocks have a lot of heavy lifting left to do before long-term shareholders can feel good about the future. But that future now looks brighter than it did a week ago… and for once, the stocks are responding.

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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. The Financial Times describes Ms. Kramer as “A one-woman financial investment powerhouse” and The Economist distinguishes her as “one of the best-known investors in America”. Ms. Kramer is often quoted in publications such as the Wall Street Journal, New York Post, Bloomberg, and Reuters. She is a frequent guest commentator on CNBC, CBS, Fox News and Bloomberg, providing investment insight and economic analysis. Ms. Kramer was an analyst and investment banker at Morgan Stanley and Lehman Brothers. Ms. Kramer founded and ran a long-short hedge fund and has been chief investment officer overseeing debt and equity portfolios. Since 2010, Ms. Kramer’s financial publications have provided stock analysis and investment advice to her subscribers. Her products include GameChangers, Value Authority, High Octane Trader, Triple-Digit Trader, 2-Day Trader, IPO Edge and Inner Circle. Ms. Kramer, a Certified Fraud Examiner, has also testified as an expert in investment suitability, risk management, compliance, executive compensation, and corporate governance. Ms. Kramer received her MBA from the Wharton School at the University of Pennsylvania and her BA with honors from Wellesley College. Ms. Kramer has provided testimony regarding investment policy to the U.S. Senate and is a frequent speaker on the markets, portfolio management and securities fraud and compliance. Ms. Kramer is also the author of “Ahead of the Curve” (Simon & Schuster 2007) and “The Little Book of Big Profits from Small Stocks” (Wiley 2012).