3 Reasons Canadian Pot Stocks Could Crush Earnings Expectations in Q2
For more than a year, cannabis stocks have been a monumental disappointment. Though the industry still offers incredible long-term growth potential, all next-big-thing investments face growing pains, and the pot industry is currently working its way through that phase as we speak.
It's been especially troublesome for marijuana stocks north of the border. Canada became the first industrialized country in the modern era to give recreational cannabis a green light in October 2018. This should have put Canada on track to be a global marijuana leader. But it blew its opportunity, no thanks to Health Canada and provincial regulators.
But there may be a bit of a bright side in the upcoming earnings season for Canadian pot stocks. With Wall Street's expectations for the industry depressed, most, if not all, Canadian licensed producers (LPs) should handily surpass sales and "profit" expectations. I say "profit" in quotation marks because all Canadian marijuana stocks are expected to lose money on an operating basis in the calendar second quarter.
Source Fool.com
