Marijuana Business News

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stocks
business
Fri
15
Jan

3 Tips For Adding Marijuana Stocks To Your Portfolio

Put in the work, be disciplined, and consider getting a little exposure in this area to balance out a well-diversified portfolio.

Whether or not you’re personally interested in the use or application of cannabis, there’s no doubt that this market is prepared to boom in the coming years. Strategically adding some stocks to your portfolio could generate healthy returns.

Marijuana Market Overview

To say that there are certain connotations and assumptions associated with the marijuana market would be putting it lightly. Because of the historical treatment of marijuana and various state laws regarding production, sale, and consumption, some look down on this market and/or have reached misguided conclusions on the purpose it serves.

Fri
15
Jan

Four cannabis executives listed in annual report of Canada’s top-paid CEOs

The latest report from the Canadian Centre for Policy Alternatives (CCPA), titled The Golden Cushion, lists Canada’s top-paid CEOs in 2019. On average, the top-100 CEOs made 202 times what the average Canadian worker earned.

Fri
15
Jan

2 Top Canadian Marijuana Stocks To Watch Right Now

A January Rally For Top Marijuana Stocks

Fri
15
Jan

Cannabis NB Posts Fourth Straight Profitable Quarter

Cannabis NB is showing gains for the fourth consecutive quarter and continues to turn a profit.

Unaudited third-quarter results released Wednesday show the Crown corporation posted a net profit of $2.8 million.

That pushes Cannabis NB’s net profit for the fiscal to date to $7.4 million.

“We anticipate ending the fiscal year in a strong position with $10 million in profit,” Lori Stickles, president and CEO of Cannabis NB, said in a statement.

The Crown corporation was plagued by multimillion-dollar quarterly losses in the months after it opened in October 2018.

But things began to turn around in the fourth quarter of 2019-20 when Cannabis NB posted a small profit of $500,000.

Thu
14
Jan

Which Are The Best Marijuana Stocks In 2021 For Long Term Investing?

Are Cannabis Stocks Good For Long-Term Investing?

Thu
14
Jan

Report: Global Cannabis Market to Surpass $42 Billion by 2024

The global cannabis market is expected to continue climbing to new heights over the next few years, according to a recent report.

The report from Arcview Group & BDS Analytics, that said that the global cannabis market is expected to reach to $42.7 Billion by 2024.

“That is a true testament to just how popular cannabis is among consumers and the ongoing impact of new markets coming online and maturing,” the report reads. “The possibilities are boundless as political progress opens up more markets across the world, and struggling markets sort out their regulatory framework.”

Thu
14
Jan

Molson aims to create mass CBD drink brand with Veryvell

Move over, Miller -- it’s CBD time.

Molson Coors Beverage Co., the beer maker better known for popular brands like Coors and Miller High Life, has a new candidate for a big-time brand. But the drink, known as Veryvell, contains CBD instead of alcohol.

Pete Marino, president of the emerging growth division for Molson Coors, said in a phone interview that the company seeks to create a new mega-brand within three years. Veryvell is one of the non-alcoholic candidates from the division, which has already produced La Colombe coffee drinks and ZOA Energy drinks.

Thu
14
Jan

Are Barrier Bags the Future of Cannabis Packaging?

As the cannabis industry expands into the rest of the U.S. market, traditional manufacturers and other businesses are getting involved. For manufacturers, there is an opening for logistical, quality, and production help. Whether it’s in healthcare or packaging, outside industry is now applying traditional business methods to cannabis to further legitimize its place in the contemporary market.

Recently, Cannabis & Tech Today sat down with Roger Throckmorton, Chief Brand Officer at International Plastics in Greenville, SC, to discuss better packaging options for the cannabis industry and why the “barrier bag” is key.

Thu
14
Jan

Cannabis NB posts $19.3M sales, but still no word on its fate as Crown operation

Cannabis NB has reported sales of $19.3 million in its latest fiscal quarter, figures that land amid uncertainty about its future as a Crown operation. 

The figures push sales for the last 52 weeks to $72.7 million – a 79 per cent increase over 2019 – and position the agency to end the fiscal year in "a strong position," Cannabis NB's acting president and CEO Lori Stickles said.

 

Although the quarterly results are not audited, Stickles says the agency earned a net profit of $2.8 million during the final 13 weeks of 2020 and expects to return $10 million to the province by the end of the fiscal year in late March.

Thu
14
Jan

Aphria's Canadian pot sales rise in Q2 despite escalating costs

Aphria Inc. reported better-than-expected second-quarter results Thursday as the pot giant’s sales continued to grow in the competitive Canadian cannabis market. 

The Leamington, Ont.-based company said it made $160.5 million in revenue, a 33-per-cent increase from the same period a year earlier. The company also posted $12.6 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), marking a sizeable increase from the $1.9 million reported last year. 

Aphria reported a net loss of $120.6 million in the second quarter, which it attributed to rising general costs, an increase in share-based compensation, as well as expenses related to its acquisition of U.S. craft brewer Sweetwater Brewing Co. in November. 

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