3 Great Reasons to Buy These 3 Cannabis Stocks πŸŒΏπŸ“ˆ

The Green Rush is moving to its next stage and the needed shakeout is pretty much over with.

The cannabis sector was for a long time significantly overbought, mainly driven by hype and a desire to make a quick buck. πŸ’Έ

Investors were demonstrating Herd Mentality at its finest (a common bias in the capital markets, that prompts emotional and irrational behaviour). πŸ‘πŸ‘

These past few months has seen the cannabis sector hit hard with most of the bigger names taking 50%+ haircuts. πŸ’ˆΒ Good, we say. About time.

Investor euphoria has now disappeared with many throwing in the towel. Just what we and our subscribers have been waiting for. Time to step in and buy the big quality names.

 

Three reasons why now is the right time to buy these 3 cannabis stocks.

    • The cannabis sector has taken a beating.Β πŸ₯Š Many cannabis stocks are down more than 50%, due to missed earnings, CannTrust’s mischief, fading hype etc. Buy when nobody else is.
    • Significant valuation adjustments based on fundamentals are in sight as investors are starting to look for quality, and many upcoming deals in the sector will be announced. Activity will pick up big time.
    • Back to school. πŸŽ“ As kids are returning to their desks, so are investors. The markets as a rule pick up after Labour Day.

 

Here are our three favourite big name cannabis stocks.

Canopy Growth Corporation (NYSE: CGC)

    • $23.58 USD
    • IBR target year-end-2019: $35.00 USD

 

Tilray Inc. (NASDAQ: TLRY)

    • $25.67 USD
    • IBR target year-end-2019: $35.00 USD

 

Aurora Cannabis Inc. (NYSE:Β  ACB)

    • $5.50 USD
    • IBR target year-end-2019: $9.00 USD

The markets may look and feel shaky at the moment. They are. Trump’s trade war and other geopolitical issues have sent the VIX to similar levels just before last year’s dip.

Don’t be fooled, Trump will not let the markets make him look bad before his 2020 run, and he will use any tweet in his arsenal to make up for it.

Buy the general malaise, your portfolio will be well rewarded. πŸ‘πŸ†

[Update 3rd September]
Disclaimer:Β I personally bought shares in all three companies today.

Luka Marjanovic

Chief Analyst

Luka holds a Bachelor’s in International Business from Denmark and a Master’s in International Management from ESADE. During his undergraduate studies he founded his own consulting firm, providing services to local businesses in various sectors; as well as working as a research assistant in the field of Big Data. Prior to his education he served in the Danish Royal Army as Second Sergeant, leading and managing a group of men, under extreme pressures and conditions. Luka has spent significant time abroad, living and working in six different countries.

No Comments Yet

Comments are closed