Cannabis Corner: Enter new markets with all three

Article Excerpt

Consumer cannabis demand is high and rising, but growing, marketing and distributing marijuana across multiple markets remains challenging. With “Cannabis Corner,” we focus on quality stocks that are most likely to emerge as winners in the “Wild West” of cannabis investing. CANOPY GROWTH $42.50 (Toronto symbol WEED; TSINetwork Rating: Speculative) (Shares o/s: 372.3 million; Market cap: $15.8 billion; TSI Cannabis Quality Rating [CQR]:) bought Hiku Brands in mid-2018 for an estimated $250 million. That purchase gave Canopy ownership of cannabis retailer Tokyo Smoke. Tokyo Smoke franchisees are now opening nine more brick-and-mortar locations across Ontario. The expansion will bring Tokyo Smoke’s number of cannabis stores in the province to 22 for a total of 35 across Canada. That growing retail footprint includes six locations in Alberta and seven in Manitoba. Canopy Growth is a speculative buy. VIVO CANNABIS $0.215 (Toronto symbol VIVO; TSINetwork Rating: Speculative) (vivocannabis.com; Shares o/s: 328.7 million; Market cap: $70. million; TSI Cannabis Quality Rating [CQR]:) lets you tap premium cannabis production in Canada. Vivo has now entered…