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1 Marijuana ETF That’s Up an Insane 119.8% in 1 Year
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Experts and market analysts believe that the maturing marijuana industry will see a significant advance in 2021. Momentum is building as political preferences, particularly in the U.S., are shifting toward federal legalization. Some people think M&A activities or consolidation globally could even accelerate.
Choosing individual marijuana stocks is a challenge. Industry giants like
Canopy Growth and
Aurora Cannabis under-delivered in recent years. Massive cash burns and mounting losses were the standard features of cannabis producers. Fortunately, a marijuana exchange-traded fund (ETF) offers an alternative if you want to secure footing in this shaky sector.
Amid higher oil prices and better-than-expected fourth-quarter gross domestic product numbers, the
S&P/TSX Composite Index rose 1.8% last week. However, few Canadian stocks witnessed huge selloff. This article will look at the four such companies that corrected over 10% last week and examine whether buying opportunities exist in any of these companies.
Facedrive
Amid the series of favourable announcements,
Facedrive (TSXV:FD) had witnessed a massive rally this year, driving its valuations higher. However, as investors’ euphoria waned out, the company’s stock price corrected close to 40% last week. Despite the pullback, the company still trades 57.4% higher for this year. So, should you buy this stock right now?