With the US on the verge of potentially reclassifying cannabis as a less dangerous drug, we're analyzing how two of Canada's largest cannabis companies are positioned to capitalize on this historic shift.
Jon Brown dives into Canopy Growth (TSX: WEED/NASDAQ:CGC), exploring how its unique "Canopy USA" structure gives it a direct line into the American market, making the potential policy change a massive catalyst. Then, Trevor Abes highlights the impressive financial turnaround at Aurora Cannabis (TSX: ACB), arguing that its recent string of profitable quarters and positive free cash flow make it a compelling value play, especially as its stock price has yet to reflect its success.
This Episode's Picks:
Canopy Growth Corp. (TSX: WEED / NASDAQ: CGC): A major cannabis producer strategically positioned through its Canopy USA holdings to immediately benefit from the potential reclassification of cannabis in the United States.
Aurora Cannabis Inc. (TSX: ACB): The world's largest medical cannabis company, which has successfully executed a financial turnaround to achieve consistent profitability and positive free cash flow, creating a potential value opportunity.
Topics Discussed:
- The potential US reclassification of cannabis and its market impact.
- Catalyst-driven investing in the cannabis sector.
- The strategic importance of the Canopy USA corporate structure.
- Identifying financial turnarounds and value plays in the cannabis industry.
- Contrasting the investment cases for two of Canada's largest licensed producers.
Further Reading & Resources:
- Canopy Growth Announces Mailing and Filing of Proxy Materials for Annual General and Special Meeting and Urges All Shareholders to Vote Now
- U.S. federal cannabis rescheduling: A game-changer for Canopy Growth?
- Aurora Cannabis: Profitability plus falling stock equals value play
- Aurora Ignites Global Expansion with Whistler Cannabis Co. Brand Debut in Australia
- This week’s picks: TSX:WEED | TSX:ACB
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Disclaimer: The material provided in this podcast is for information only and should not be treated as investment advice. For full disclaimer information, please visit themarketonline.ca/disclaimer.
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