Marijuana Business News

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stocks
business
Fri
24
May

48North Cannabis Corp (OTCMKTS: NCNNF) bulls eye fresh highs

A third consecutive quarter of EBITDA-positive quarterly results underlines why 48North Cannabis Corp (OTCMKTS: NCNNF) deserves a higher valuation. The stock has been on an impressive run, since the start of the year, despite coming under pressure in recent weeks.

NCNNF catalysts and price analysis

In addition to delivering impressive financial results, the Company has continued to strengthen its long-term prospects, having embarked on an aggressive expansion drive. The Company is in the process of opening one of the world’s largest licensed outdoor cannabis operations a development that continues to excite investors

Fri
24
May

Is Tilray stock a buy right now? Here's what earnings, charts show

Tilray (TLRY), a cannabis producer in Canada, was 2018's best-performing stock, thanks to a stratospheric run in September of that year amid a stampede into marijuana stocks. More recently, Tilray stock got a bump in early May after its quarterly sales beat estimates. But is Tilray stock a buy right now?

Tilray Stock Fundamental Analysis: Profits Elusive

Tilray stock began trading in July 2018. Shares of the company speared higher in September — a run during which the stock surged to $300 before nuking most of those gains two days later. Since then, TLRY stock has mostly drifted lower.

Fri
24
May

1 reason Aurora Cannabis does, and doesn't, need a brand-name partner

For better or worse, marijuana is the most popular investment opportunity right now, with the industry slated to see sales grow between fourfold and sixfold by 2030. Among the dozens upon dozens of pot stocks for investors to choose from, it's Aurora Cannabis(NYSE: ACB) that clocks in as the favorite.

Fri
24
May

London cannabis stores say they won't join trend to cut hours

But London’s three bricks-and-mortar marijuana stores — all of them open seven days a week — say they have ample supply and don’t plan to decrease operating hours.

The Hobo Recreational Cannabis Store in Ottawa and Canna Cabana in Hamilton are cutting back their hours — closing one day of the week and reducing hours on others — in response to lack of supply.

“It wouldn’t surprise me if the other stores started doing the same thing,” said Michael Armstrong, a professor at Brock University’s Goodman School of Business who studies Canada’s cannabis industry.

Fri
24
May

3 marijuana stocks where investors have lost faith in management

Although it's still very early in the legalization process, marijuana offers the potential of being a once-in-a-lifetime growth opportunity. After racking up only $5.4 billion in global legal sales in 2015, Cowen Group analyst Vivien Azer foresees $75 billion in worldwide sales pot sales by 2030. If accurate, this would equate to a compound annual growth rate of better than 19%.

Fri
24
May

5 small-cap pot stocks that should be very profitable by 2020

In case you haven't been paying attention, the marijuana industry has been the buzz on Wall Street for more than two years, and for very good reason. With Canada lifting the curtain on nine decades of recreational prohibition, and more than 40 countries worldwide waving the green flag on medical cannabis, the red carpet is being rolled out for the legal cannabis movement. The massive marijuana industry that's existed in the black market for decades is steadily moving into the legal landscape, providing an opportunity for investors to make bank.

Thu
23
May

Opportunity as big as all outdoors for first licensed outdoor pot grower

The 40-hectare farm in Southwestern Ontario will soon be home to the province’s first commercial outdoor cannabis crop when planting begins next month.

The operation east of Brantford — approved by Health Canada last week — will create nearly 200 jobs at the Southwestern Ontario pot producer 48North and catapult it into one of the country’s largest by capacity. Most of the crop will be used for cannabis extracts, concentrates and edibles — products that VanderMarel, 48North’s co-chief executive, believes will dominate the market once they’re introduced in the fall.

“Outdoor is the future, for sure,” she said, noting no other agricultural products produced for extraction are cultivated inside.

“We don’t grow grapes indoors for wine, or canola for canola oil.”

Thu
23
May

4 Canadian cannabis stocks with notable production efficiency

Production efficiency can be defined as the ratio of output produced by a process to the total energy or resources expended to produce that output.

When looking at cannabis companies, one way to gauge how efficient they are is by looking at the ratio of grams produced to the square footage of production facilities.

This can provide an outlook on how efficiently a company is using their facility given its size to maximize their cannabis output.

Today we’ve identified four Canadian cannabis stocks that have notably efficient domestic operations, based on estimated domestic gram production capacity divided by the sum of the square footage of all their domestic production facilities.

Thu
23
May

Growing pot sucks up electricity and pumps out an astounding amount of carbon dioxide — it doesn't have to

In the seven months since the Trudeau government legalized recreational marijuana use, licensed producers across the country have been locked in a frenetic race to grow mass quantities of cannabis for the new market. But amid the rush for scale, questions of sustainability have often taken a back seat.

According to EQ Research LLC, a U.S.-based clean-energy consulting firm, cannabis facilities can need up to 150 kilowatt-hours of electricity per year per square foot. Such input is on par with data centres, which are themselves 50 to 200 times more energy-intensive than a typical office building.

Thu
23
May

Buds & Duds: Cannabis stocks pick up steam as Namaste Technologies shares soar

Cannabis stocks had an upbeat start Wednesday, with shares broadly up across US and Canadian markets.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was up 0.5% to 276.3 points by Wednesday's close. The Horizons Marijuana Life Sciences Index ETF was up 1% at C$20.40.

Buds

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) shares were soaring on Wednesday, up 17.6% at C$0.87, up 16.8% at US$0.65. 

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