Canopy Growth, Silver North Resources, Vonovia – Clear signals

Canopy Growth – Surprising gains

The cannabis industry, once celebrated, has been in a downward spiral for years. One of the leading players, Canopy Growth, has lost 99.90% of its value since its all-time high of CAD 766.80 and is currently trading at CAD 1.72. However, there are opportunities for a rebound, and the chances of a strong recovery are reflected in the latest quarterly figures.

One of the leading cannabis companies in both the recreational and medical segments beat analysts' forecasts. Canopy Growth reported a loss of USD 0.16 per share in the first quarter, slightly missing the consensus estimate of minus USD 0.15. Revenue rose 9% year-on-year to USD 64.12 million, significantly exceeding the expected USD 47.91 million. Growth was primarily driven by the Canadian market for recreational and medical cannabis, as well as higher international cannabis sales.

Net revenue in the Canadian recreational segment climbed 43% to CAD 27 million. This was due to stronger sales expansion and high demand for flowers and processed products such as pre-rolled joints. In the medical segment in Canada, revenues increased by 13%, supported by more insured customers, larger order quantities and an expanded product range in the online shop.

The subsidiary Storz & Bickel generated revenue of CAD 15 million, a decline of 25% compared to the strong prior-year quarter. Uncertain consumer sentiment and the high comparative figure had a negative impact. For the second half of 2025, Storz & Bickel plans to launch a new vaporizer, which the Company believes has great sales potential.

Silver North Resources – Ideal conditions

Precious metals are booming, which is no surprise given the current geopolitical and fiscal uncertainty. While gold is likely to test the USD 3,500 mark again, the price of silver managed to stay above the important horizontal resistance level of USD 38 per ounce last week. Unlike its big brother, silver not only has a reputation as a safe haven, but also has the advantage of being increasingly in demand as an industrial metal, primarily for alternative energy sources and artificial intelligence hardware.

Producers and promising exploration companies such as Silver North Resources are naturally benefiting from the rising silver price. The Canadian company has two properties in its portfolio that could significantly increase its current market capitalization of CAD 15.35 million in the medium term.

The Haldane property, which borders directly on Hecla Mining's area, is considered particularly promising. The first 27 drill holes have already yielded exceptionally high silver grades of over 300 grams per tonne. In order to further explore the area and obtain additional data, another drilling program is scheduled to start in August. Ten drill holes with a total length of around 2,500 meters are planned to expand the Keno-type silver-lead-zinc mineralization at the newly discovered Main Fault target. At least three high-grade silver veins have been identified there to date.

The second flagship project, the Tim Project, is located near Watson Lake and in close proximity to Coeur Mining's Silvertip mine. The property benefits from solid infrastructure and has demonstrated anomalous values of silver, lead, and zinc. Last year, project partner Coeur Mining conducted an initial drilling program on site, the results of which have not yet been published.

Silver North shares have benefited from both the rising silver price and positive fundamental developments, now trading at CAD 0.25, reflecting a gain of nearly 210%. The stock declined last week after Silver North Resources announced the completion of a private placement totaling CAD 268,235, which will be used to fund the exploration and development of its properties.

Vonovia – Real estate slump over?

Europe's leading private residential real estate company also presented strong figures. Vonovia made significant progress in the first half of 2025 and raised its forecast for adjusted pre-tax profit. The DAX-listed company now expects EUR 1.85 to 1.95 billion instead of the previous EUR 1.75 to 1.85 billion. Management expects adjusted EBITDA to be at the upper end of the previous target range of EUR 2.7 billion to EUR 2.8 billion. The long-term targets for 2028 remain unchanged.

In the period from January to June, adjusted operating profit rose by 12% to EUR 1.42 billion. While the largest contribution from the rental business increased only slightly, the Value-Add, Recurring Sales, and Development segments posted more significant growth. Adjusted EBT, which is important for the dividend calculation, climbed 11% to EUR 984 million, corresponding to earnings per share of EUR 1.20, up from EUR 1.09 in the previous year. Net profit after taxes amounted to EUR 795 million, compared with a loss of EUR 508 million in the first half of 2024.

Vonovia shares benefited from the positive outlook and climbed by around 5% after publication. The chart picture would brighten significantly if the horizontal resistance level of EUR 28.86 were to be exceeded.

Cannabis company Canopy Growth reported better-than-expected figures, triggering a rebound. The German real estate sector may also have bottomed out, judging by the figures and forecasts of real estate developer Vonovia. Silver North Resources shares are benefiting from both rising silver prices and fundamental business developments.