Commodities and Gold

Looking For Leadership

It’s turning into a decent summer for the major cannabis stocks. Of course, there’s a lot of ground left to recover, but the difference between this year and the last one is striking.

Last summer, the entire group crashed. This year, since May 31, two of the giants are actually in positive territory for the season: Tilray Inc. (NASDAQ:TLRY) and Canopy Growth Corp. (NYSE:CGC).

While the gains aren’t huge, it’s great to see these stocks get a little traction. We’ve lived through a year of consolidation and quite a bit of pain here, so any news is good.

A few companies that wanted to make a big splash have gotten their stocks de-listed and their supply contracts handed to rivals. They were too ambitious.

But TLRY and CGC are demonstrating that they’re built to last. You don’t have to be the fastest company in a new market to succeed. You only need to be the last one standing at the end.

At this point, TLRY and CGC have convinced investors that they’re in it for the long haul. While we’d all love this industry to get back to work and make money fast, sometimes that’s all it takes.

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. The Financial Times describes Ms. Kramer as “A one-woman financial investment powerhouse” and The Economist distinguishes her as “one of the best-known investors in America”. Ms. Kramer is often quoted in publications such as the Wall Street Journal, New York Post, Bloomberg, and Reuters. She is a frequent guest commentator on CNBC, CBS, Fox News and Bloomberg, providing investment insight and economic analysis. Ms. Kramer was an analyst and investment banker at Morgan Stanley and Lehman Brothers. Ms. Kramer founded and ran a long-short hedge fund and has been chief investment officer overseeing debt and equity portfolios. Since 2010, Ms. Kramer’s financial publications have provided stock analysis and investment advice to her subscribers. Her products include GameChangers, Value Authority, High Octane Trader, Triple-Digit Trader, 2-Day Trader, IPO Edge and Inner Circle. Ms. Kramer, a Certified Fraud Examiner, has also testified as an expert in investment suitability, risk management, compliance, executive compensation, and corporate governance. Ms. Kramer received her MBA from the Wharton School at the University of Pennsylvania and her BA with honors from Wellesley College. Ms. Kramer has provided testimony regarding investment policy to the U.S. Senate and is a frequent speaker on the markets, portfolio management and securities fraud and compliance. Ms. Kramer is also the author of “Ahead of the Curve” (Simon & Schuster 2007) and “The Little Book of Big Profits from Small Stocks” (Wiley 2012).