Will 2021 be the year the cannabis industry makes a comeback?

5 Cannabis Stocks That Are Better Picks Right Now Than Sundial Growers -  The Motley Fool

The Of Are Canadian cannabis stocks a good investment opportunity?

g. new brick-and-mortar shops, e-commerce expansion), lower legal market pricing, and the introducing of new cannabis-derived items not available to the illicit market," Gomes stated. Recreational cannabis sales are forecasted to account for simply over half the earnings mix for the Canadian marijuana market at $3. 9 billion in 2021, however with more approval and the gradual removal of the illegal market, Gomes forecasts leisure sales to represent 90.

On the other hand, medical marijuana sales stay continuous throughout the years at roughly $600 million annually. Gomes pays particular attention to companies in referencing the significance of the marketplace on licensed producers and sellers: Toronto-based independent merchant Fire and Flower (Fire and Flower Stock Quote, Chart, News TSX: FAF) and Calgary-based manufacturer High Tide Inc.

In his December 14 analysis corresponding with the business's third quarter monetary results being launched, Gomes saw Fire and Flower in a favorable light with an "Outperform" ranking, coupled with a target cost of $15/share and a forecasted 1 year return of 158 percent at the time of his newest update on the business (December 14).

"We view FAF as one of the long-term winners in the Canadian retail area due to their partnership with Alimentation Couche-Tard, digital capabilities, and strong capital position," Gomes said. On the other hand, in his October 20 analysis, Gomes kept in mind that High Tide had pivoted its Canna Cabana shops to a discount club retail model, a relocation meant to allow High Tide to contend with other Canadian value brands.

TSX gains on tech, cannabis boost; eyes worst month in four - The Facts

Gomes gave HITI an "Outperform" rating in his October 20 report and $13. 25 target for a predicted return at the time of 79 percent. "For LPs, our thesis is that the Canadian market uses a large benefit to the assessments of mid- and small-caps that carry out well," Gomes said.

8 Best Canadian Marijuana Stocks for 2021 - Stock Market News - US News

Begin the New Year With Schaeffer's 7 FREE 2022 Stock Picks!

There is a lots of unpredictability in the investing world today. First, brand-new COVID-19 stress have developed into an ever-present risk to the whole economy. Second, lots of business are still dealing with supply chain concerns. Finally, experts expect rate of interest to increase at any minute. However, regardless of  Look At This Piece  of this chaos, a couple of business have started the season off strong.

Let's examine a few of these top trending stocks and see why investors are excited about them.