Marijuana Business News

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stocks
business
Mon
25
Mar

2 undervalued stocks that are starting to rally

It can be really hard to find stocks that are undervalued during a time when stocks are finally starting to steer in the upward direction again.

Investors tend to lean towards exciting stocks to take advantage of this upward movement, like cannabis or even oil and gas. But I want to take you in another, less expensive direction.

There are two types of production that are increasingly growing in demand: methanol and uranium. Those producing these products are only in the beginning of a prosperous future, so investors should be looking to take advantage of this opportunity to buy before share prices soar.

Mon
25
Mar

Bitcoin (BTC) now used to buy legal cannabis in the US and Canada

Cannabis and Crypto Laws Tremendously Varied Around the Globe

Mon
25
Mar

Aurora Cannabis (TSX:ACB) hires billionaire advisor: This is why you should care

Will the fortunes of Aurora Cannabis (TSX:ACB)(NYSE:ACB) rise with activist investor Nelson Peltz joining the cannabis producer? It’s still early to tell whether the hiring will bring positive vibes, although Aurora is up 3.03% from last week’s closing.

Investors were shell shocked by the unified drop of cannabis stock prices in December. Many didn’t expect the share price of Aurora to sink below $7. It’s not a cryptocurrency but an industry leader in the promising cannabis space. Still, hopes remain high that Aurora will make amends in 2019.

Mon
25
Mar

1 figure that guarantees a Canadian marijuana oversupply is imminent

The legal marijuana industry has come an exceptionally long way in a very short period. As recently as 2005, recreational cannabis was illegal everywhere, just a small handful of U.S. states were allowing medical marijuana to be prescribed by a physician, and a Gallup survey found that just one out of three Americans supported legalizing weed at the national level.

Mon
25
Mar

Better buy: Aurora Cannabis vs. Constellation Brands

There's a pretty good chance that 10 years from now Aurora Cannabis (NYSE:ACB) and/or Constellation Brands (NYSE:STZ) will be worth a lot more, thanks to growth in the global cannabis market.

Aurora is already a top marijuana stock. Alcoholic beverage maker Constellation is sort of a marijuana stock as well by virtue of its 35% stake in Canopy Growth (NYSE:CGC).

Both Aurora and Constellation turned in dismal performances in 2018. So far this year, though, Aurora is on fire with its share price nearly doubling, while Constellation has eked out a small gain.

Mon
25
Mar

Looking to Buy Aphria? Here Are 5 Things You Should Know First

Aphria (NYSE:APHA) is on a roll. After a horrible performance in 2018, the Canadian marijuana stock is up nearly 80% so far this year. 

With Aphria's tremendous momentum, it only makes sense that some investors who might have been leery of the stock in the past are taking a closer look. If you're looking to potentially buy shares of Aphria, here are five things you should know first.

Mon
25
Mar

3 great marijuana stocks you might be overlooking

Some marijuana stocks receive a lot of attention from investors. They tend to be the stocks of companies focusing on the Canadian marijuana market with ginormous market caps relative to their sales.

But there are some smaller stocks of companies that focus primarily on the U.S. market that also merit investors' attention. Three great marijuana stocks that you might be overlooking are Innovative Industrial Properties (NYSE:IIPR), KushCo Holdings (NASDAQOTH:KSHB), and Origin House(NASDAQOTH:ORHOF). Here's what makes these stocks stand out.

Fri
22
Mar

Manitoba chooses 7 rural communities for expansion of retail cannabis footprint

The Manitoba government is opening up the retail cannabis market in seven rural communities.

The province will license non-medicinal cannabis stores in Flin Flon, Niverville, Swan River, Virden, Altona, Lac du Bonnet and the rural municipality of Russell Binscarth, CBC News has learned.

The retailers will be chosen randomly from a list of nearly 100 pre-qualified applicants who responded to the province's second call for pot shop proposals last summer. The expansion aims to bring recreational cannabis sales to areas underserved by the initial distribution rollout, following the legalization of marijuana last October.

Fri
22
Mar

Financial institutions enticed to enter the developing cannabis market

The cannabis industry has grown at a tremendous pace in the recent years due to the continuing legalization efforts seen around the world. The rapid growth of the industry has now caught the attention of Wall Street's financial institutions as well, who have begun to cover the marketplace. Investment banks such as Piper Jaffray, RBC Capitals, and Cowen have backed the industry by covering public companies that are dabbling with cannabis. For example, RBC Capitals analyst Nik Modi believes that cannabis is the next up and coming global industry. Modi expects the legal U.S. cannabis market to grow at a projected CAGR of 17% and reach as much as USD 47 Billion within the next decade.

Fri
22
Mar

4 Canadian marijuana stocks set to go higher on HMMJ ETF inclusion

The Horizons Marijuana Life Sciences Index (TSX:HMMJ) is an Exchange Traded Fund (ETF) designed to provide investors with diversified exposure to North American publicly-listed cannabis companies.

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