In the last edition of Buzz, we reported the results of our previous Stockhouse Investor Pulse Poll: nearly 70% of respondents expected a new cannabis rally – in some form. To no surprise, cannabis is dominating discussions not only on the Stockhouse Bullboards, but across much of the mainstream media.
Further fueling cannabis sentiment has been the improbable explosion in the share price of NASDAQ-listed Tilray Inc. (NASDAQ: TLRY). TLRY has seen a meteoric rise in its share price in recent weeks. This is despite the fact that its own cannabinoid biopharma research does not appear to be as advanced as with several much, much smaller cannabis biopharma companies. Of course, with the NASDAQ having spiraled into a new bubble, valuations on this index have long since detached from reality.
At Stockhouse, investor focus is on companies whose valuations seem a little more firmly rooted in the Planet Earth. When it comes to the most popular cannabis stocks over the previous week, three names are dominating.
Top Viewed Cannabis Stocks
Leading the way is Aurora Cannabis Inc. (TSX: ACB, OTCQB: ACBFF, Forum). Not only does ACB frequently rank as the top cannabis stock at Stockhouse, the Aurora Bullboard lit up after a rumor surfaced that Coca Cola was in talks with that cannabis company with respect to entering the cannabis-infused beverage space. Denials followed – on both sides – but investors discussing this on the Aurora Bullboard suspect that where there is “smoke” there is fire.
Right behind Aurora is FSD Pharma Inc. (CSE: HUGE, OTCQB: FSDDF, Forum). We drew attention to this Company in the last edition of Buzz, two weeks ago – as HUGE had recently tripled its share price. But the stock keeps soaring.
(click to enlarge)
Closing at $0.90 today, FSD Pharma has risen by more than 500% over the past month. This makes the Company the sector leader in the new cannabis rally (outside of Tilray).
In 3rd position is Aphria Inc. (TSX: APH, OTCQB: APHQF, Forum). Aphria has also been one of the stronger performers since the sector started rising again a month ago. Boosting sentiment is news that APH has signed supply agreements with all Canadian provinces and the Yukon.
However, while Stockhouse investors are currently high on pot companies, the technology sector is also currently in focus. Stockhouse has already alerted investors to this week’s Extraordinary FUTURE 18, Cambridge House’s annual showcase for Canadian technology.
Then, in the first week of October is Stableview TECH18. This Toronto-based tech conference is being sponsored by Stockhouse this year and investors who will be in/near the GTA to begin October are urged to come out and say “hi”.
Tech is a tough sell right now to Stockhouse investors, with Bullboard interest at modest levels. For all of the Contrarian investors out there who are thinking that this means now is the time to be positioning yourselves in tech, here are the current most popular tech stocks at Stockhouse.
Top Viewed Technology Stocks
Reliq Health Technologies Inc. (TSX: V.RHT, OTCQB: RQHTF, Forum) is indicative of the overlap associated with the tech sector. Reliq is also part of healthcare, using tech to help to deliver mobile health and telemedicine solutions. In behind Reliq is Fandom Sports Media Corp. (CSE: FDM, OTCQB: FDMSF, Forum). For investors looking for emerging trends, e-sports is an interesting candidate.
Cannabis is hot. Tech is not. Whatever your investment philosophy, at least one of these sectors should be appealing. For investors wondering where to shop for the best values in tech, perhaps our latest Investor Pulse Poll results will be of interest.
While cannabis tech (more sector overlap) is most popular with the Stockhouse Community, investors are roughly evenly split on where else to look for the best opportunities in technology.
Elsewhere on Stockhouse, one brand-new name among Bullboard leaders comes in the Industrials sector: Lotus Ventures Inc. (CSE: J, OTCQB: LTTSF, Forum). While listed as an industrial, Lotus Ventures is actually “a Canada-based capital pool company”. It began generating substantial buzz on the Stockhouse Bullboard after (you guessed it) that company released an announcement that it was entering the cannabis sector, via a deal with Auxly Cannabis Group Inc. (TSX: V.XLY, OTCQB: CBWTF, Forum).
Now more cannabis with our new Investor Pulse Poll. Cannabis-infused beverages are grabbing much of the attention in this sector at present. But where are you focusing your cannabis investment dollars?
What is your favorite niche in the cannabis sector?
- Cultivation
- Biopharma
- Edibles/infusion
- Clinics and data
- Capital/financing
- Cannabis tech
Soon, the list of cannabis “niches” will be too numerous to cover practically as a single subject. For now, investors still have a relatively limited list of sub-sectors from which to choose. Visit the Stockhouse homepage to register your vote today. Results will be published here in two weeks time.
All roads lead to cannabis?
It may seem like this today as cannabis stocks rev-up for a new rally. But cannabis is not the only sector, and even rabid cannabis investors need to diversify beyond this one industry. There is plenty of money to be made in cannabis today.
Tomorrow, some of the out-of-favor sectors may catch fire. Stockhouse remains your best small-cap destination to stay on top of not only the current trends but the next opportunities.
FULL DISCLOSURE: FSD Pharma Inc. is a paid client of Stockhouse Publishing.