But before you get ahead of yourselves, know that the Canopy’s underlying fundamentals have completely decoupled from the stock’s incredible market cap. Currently, analysts are forecasting the pot market to hit estimated peak sales of $5-8 billion in 2020 and beyond (including recreational and medicinal); that’s if legalization goes off without a hitch.
TORONTO — Volatile share prices of Canada’s publicly traded marijuana companies triggered numerous circuit-breaking halts in trading Wednesday as buzz surrounding the nascent sector pushed valuations to record intraday highs.
South Africa's Gold Fields Ltd and Silver Standard Resources Inc have made three joint, unsolicited bids for Canada's Kirkland Lake Gold Inc. (TSE:KLG) and recently sweetened their offer to about C$1.4 billion.
Whether or not you are a fan of the result, Donald Trump has managed to defy pollsters, pundits and the media every step of the way over the 2016 presidential election campaign.
The seemingly endless demand for wireless services got credit for the bulk of BCE Inc.'s (TSE:BCE) growth this quarter, a period in which the telecom giant moved to appeal to people who want new ways to consume its traditional television service.
According to the Marijuana Index Canada – consisting of 10 publicly-traded Canadian companies in the space – the Canadian cannabis sector, [has had] a parabolic rise in share price since May of this year.
Driven largely by energy grid storage and electric vehicle battery usage, annual demand for the commodity rose 26 per cent in 2016, and is set to climb to 39 per cent in 2018 and 73 per cent by 2025.
