Canadian cannabis producers and extractors are sitting on a massive stash of unfinished inventory that is growing so quickly that some analysts are concerned it could precipitate a price crash in the burgeoning industry.

Since January of 2019, the amount of unfinished inventory of dried cannabis has nearly tripled, reaching a staggering 328,000 kilograms at the end of August. That compares to roughly 118,000 kilograms eight months earlier, according to Health Canada data.

A New York-based analyst says Canada’s cannabis sector has bottomed out, predicting several positive events in the coming year should catalyze pot stocks as valuations trade at two-year lows.

Cantor Fitzgerald Analyst Pablo Zuanic, who initiated coverage of six cannabis stocks Monday, said in a report to clients that several pot companies are attractive at current levels based on the long-term opportunity and that concerns hanging over the sector are priced in and overdone.

Walk-in clinics at Walmart will soon be able to help patients with medical questions about cannabis.

Leafly reports Spectrum Therapeutics, the medical division of Canopy Growth and Tree of Knowledge, a biomedical company focused on cannabis products, are teaming up to provide online cannabis courses at Jack Nathan Health, a Tree of Knowledge clinic.

The two-year training trial will incorporate online modules, webinars and feature a variety of medical experts who will discuss topics like dosing, prescriptions and pain management.

In the months leading up to cannabis legalization, employers are worried marijuana would lead to dangerous work environments.

One year later, with edibles, extracts and topicals available for sale in mid-December, those fears haven’t faded.

About 60 per cent of businesses in a survey from the Conference Board of Canada (CBOC) this August showed concern, but also had no zero-tolerance policies in effect.

Marijuana stocks have been through their own share of highs and lows so far this year. Despite being a fast growing industry, supply issues in Canada have affected legal marijuana purchases of late.

High tax rates in some of the U.S. states as well as increase in black-market producers, especially in North America, have hurt sales. As a result, marijuana companies have been seeing a drop in operating margins across the board and have significantly lost value.

Yet, as we focus on November, there are three marijuana stocks that look like solid bargains, while one in particular should be avoided in the near future. Let us take a look —

This past October,

HEXO (HEXO), one of the important players in the cannabis space, has been in the news for a while now.

The company reported its fourth-quarter earnings on October 28. HEXO’s preliminary results were disappointing with lower revenues.

In the fourth-quarter earnings call, the company discussed how it thinks that legal cannabis won’t solve the problem with the illegal market in Canada.

Let’s discuss what HEXO’s management said.

Hungry for cannabis

It looks like seniors are finally coming into cannabis if the numbers are any indication from Statistics Canada’s latest National Cannabis Survey (NCS).

The survey released Wednesday shows seniors are the fastest-growing users of cannabis compared to all other demographics.

“Cannabis consumption among seniors has been accelerating at a much faster pace than it has among other age groups,” the report said. “For example, in 2012, less than 1% of seniors (about 40,000) reported using, contrasting sharply with estimates from 2019 indicating that more than 400,000 seniors have used cannabis in the past three months.

Aphria Inc. plans to bring its newly-licensed Diamond facility to full capacity in the coming weeks to meet demand for vaping and edible products, the company’s chairman and interim CEO said while shrugging off any concern about oversupplying the Canadian cannabis market.

The Leamington, Ont.-based company announced Monday it received a cultivation licence from Health Canada for a cannabis greenhouse facility that will add 1.3 million square feet of production space and 140,000 kilograms in annual capacity to its operations.