Marijuana Business News

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stocks
business
Thu
23
May

A detailed look at how Aurora Cannabis generated revenue in the third quarter

There might be no industry more popular among investors right now than marijuana; and there's good reason for that. The cannabis industry is expected to grow by as much as 19% a year on a compound annual basis between 2015 and 2030 -- that's if projections of $75 billion in annual worldwide sales by 2030from Cowen Group prove accurate. But if this estimate holds up, investors in pot stocks would stand to make bank.

Thu
23
May

Better cannabis stock: Hexo (TSX:HEXO) vs. Charlotte’s Web Holdings (CNSX:CWEB)

Choosing between the hundreds of companies looking to profit from the growing cannabis sector isn’t easy. While some might win big in the long run, many others will likely end up on the sidelines at best. Let’s turn our attention to two potential big players in the cannabis sector: Hexo (TSX:HEXO) and Charlotte’s Web Holdings(CNSX:CWEB). Which of these is the better buy?

The case for Hexo

Hexo is increasingly becoming an attractive pot stock. While the firm currently focuses on the recreational marijuana market — an overpopulated and low-margin opportunity — Hexo currently holds about 30% of the market share in the province of Quebec, thanks to a supply agreement it signed last year.

Thu
23
May

These 4 pot stocks have supply deals with every Canadian province

Big things are happening in the marijuana industry, and Canada is currently the epicenter of the action. Last year, our neighbor to the north became the first industrialized country in the world to green-light recreational cannabis, and it's expected to generate $5 billion to $6 billion in annual sales within the next couple of years.

Wed
22
May

3 catalysts to send this pot stock soaring

Major Upside Ahead?

When there’s a penny stock well-positioned to capitalize on a booming industry, one catalyst is usually enough to send it soaring. But this marijuana stock, which was trading at $1.41 apiece at the time of this writing, has not one, but three catalysts that could give a solid boost to its investor appeal.

I’m talking about Supreme Cannabis Company Inc(OTCMKTS:SPRWF, TSE:FIRE), a marijuana producer headquartered in Toronto, Ontario, Canada.

Unless you follow the pot industry closely, SPRWF stock probably won’t sound like a familiar name. With a market cap of around $410.0 million, the company doesn’t make headlines in mainstream financial media as often as the industry heavyweights.

Wed
22
May

Aurora Cannabis, Cronos Group, and Tilray earnings results are in: Here's what they could mean for Canopy Growth

If you've been keeping score, three of the top four biggest Canadian marijuana producers by market cap have reported their latest earnings results. Cronos Group (NASDAQ:CRON) kicked things off on May 9, with Tilray (NASDAQ:TLRY) and Aurora Cannabis (NYSE:ACB) following with their quarterly updates last week.

Wed
22
May

Canadian cannabis stock surges on operations update

EBITDA positivity and a licensing announcement lifted a Canadian cannabis stock Tuesday. Here’s some small stocks making big moves on Tuesday, May 21, 2019 (as of 11:30 am EST):

48North Cannabis Corp. (TSXV:NRTH), a Canadian cannabis stock, powered 18% higher to $1.19 on Tuesday after announcing that it remained EBITDA positive for its third consecutive quarter with its Q3 EBITDA totaling $78,000. The Company added that it has received its outdoor cultivation license from Health Canada for its 100-acre (3.7-million-sq.-ft.) organic farm (Good Farm). 48North is expecting to harvest 40,000 kg of dried cannabis in 2019 from Good Farm.

Wed
22
May

Canopy Growth (TSX:WEED) sinks: Time to buy the dip?

The month of May has been a bad one for Canopy Growth (TSX:WEED)(NYSE:CGC). After an epic four-month rally, shares in the world’s biggest weed company started falling, reaching as low as $60 after flirting with $70 weeks earlier.

This isn’t the first time Canopy shares have tanked. Shortly after marijuana was legalized last year, weed stocks fell in a bear market that brought Canopy as low as $36.

Wed
22
May

It's official: OrganiGram is approved for Nasdaq listing

Having long been an industry that existed behind the scenes, the cannabis industry is maturing at an extraordinary rate.

Between mid-2017 and mid-2018, pot companies spent most of their efforts on securing funding for capacity expansion, and actually constructing (or acquiring) cultivation farms and processing facilities. Now, marijuana companies have turned their attention to the next most important facet of their development: getting noticed!

Wed
22
May

Aurora Cannabis to research CBD with mixed martial arts outfit UFC, Canopy names new CFO

Aurora Cannabis Inc. shares rose Tuesday, after the Canadian company said it has entered a multiyear, multimillion-dollar agreement with mixed martial arts organization UFC to research the effect of hemp-derived CBD products on athlete recovery and wellness.

The companies have agreed to conduct the research at UFC’s Las Vegas institute, setting up clinical studies to evaluate CBD, a nonintoxicating ingredient in cannabis and hemp, as a treatment for pain management, inflammation, injury/exercise recovery and mental well being. Aurora sharesACB, +2.00% ACB, -0.77%  rose 3%.

Wed
22
May

3 pot stocks Wall Street bought in the first quarter

Whether you realize it or not, mid-May a special time of the year for investors -- and I'm not talking about the barrage of earnings reports that have hit the newswires over the past couple of weeks. No, I'm talking about May 15 being the deadline for primetime money managers and Wall Street institutions to file Form 13F with the Securities and Exchange Commission.

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