Marijuana Business News

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stocks
business
Mon
29
Jul

This cannabis company backed by rapper Jim Jones is all about luxury

As more Americans grow comfortable embracing the use of cannabis-related products, one company is hoping to bring a level of luxury to the marijuana culture.

That’s why celebrity jeweler Alex Todd founded Saucey Farms and Extracts. Launched in April 2019, the luxury cannabis brand sells premium products and organically grown strains of weed in California and Oregon, two states where recreational marijuana-use is legal. For Todd, it’s all about selling quality products.

Mon
29
Jul

Cannabis companies Therapix and Destiny to merge

Nasdaq-listed Israel-based cannabis company Therapix Biosciences Ltd. has signed a letter of intent for a proposed merger with Edmonton, Canada-based cannabis company Destiny Biosciences Global Corp., the former The merged company will focus on Therapix's technology and assets pertaining to clinical-stage pharmaceutical applications of cannabis, and will include Destiny's genomics-based cannabis breeding techniques and development capabilities, according to the company’s statement.

The companies expect a definitive agreement of the merger to be signed during the third quarter of 2019, subject to certain closing conditions. Upon closing, current Therapix equity holders are expected to own approximately 32% of the combined company, the company said.

Mon
29
Jul

Here's why the pot stock bubble hasn't really burst

Pot stocks have taken an absolute shellacking in recent months. Just look at the top five Canadian cannabis producers. Shares ofCanopy Growth (NYSE: CGC) , Aurora Cannabis (NYSE: ACB) , Cronos Group (NASDAQ: CRON), Tilray (NASDAQ: TLRY) , and Aphria (NYSE: APHA) are all down more than 30% from their highs earlier in the year.

Mon
29
Jul

3 TSX Stocks at the Top of My List to Sell in August

With the TSX Index just few points off its all-times highs, the economy continuing to chug along, and central bankers considering the prospects of another interest rate cut, there’s certainly plenty of reason for optimism among investors.

Yet there’s always going to be turnover in the markets.

With that in mind, here are three stocks that are at the top of my list to sell in August.

Bausch Health Companies (TSX:BHC)(NYSE:BHC) making a list of this sort may come as a surprise to some readers.

BHC stock has after all gone on to gain more than 260% since it “bottomed out” early in 2017.

Mon
29
Jul

Where will HEXO be in 5 years?

HEXO Corp. (NYSEMKT:HEXO) has taken investors on a roller-coaster ride in 2019. After soaring more than 140% by late April, the stock steadily sank in the subsequent weeks and months. HEXO is currently down 45% from its highs set earlier this year.

But smart investors don't obsess over short-term volatility. Instead, they focus on the long-term prospects for the stocks that they buy. This raises a good question, though: What exactly are the long-term prospects for HEXO? Where will the company be in five years and beyond?

There are no easy answers to these questions since we can't accurately predict the future. However, here's my take on what the future might hold for HEXO.

Mon
29
Jul

Better buy: Aphria vs. Constellation Brands

On paper, the choice between Aphria (NYSE:APHA) and Constellation Brands (NYSE:STZ)appears to be an easy one. Constellation Brands is bigger, more profitable, and even pays a dividend. But those current statistics that work to Constellation's advantage don't reveal growth prospects. It's possible that Aphria could beat Constellation on the growth front.

Which stock is the better pick for long-term investors? Here's what you need to know about how Aphria and Constellation Brands compare.

Mon
29
Jul

The 13 largest marijuana stocks in the world

As recently as April, 17 pure-play pot stocks -- i.e., not the Scotts Miracle-Gros and Altrias of the world that rely on cannabis as a small percentage of their sales -- were lugging around a market cap of at least $1 billion. This was the result of robust growth projections for the marijuana industry that forecast anywhere from $50 billion to $200 billion in annual worldwide sales in a decade's time.

Mon
29
Jul

3 companies doing cannabis differently

As the market for cannabis stocks continues to mature, investors will need to keep digging deeper to uncover the real value hidden in the sector.

Here are three cannabis stocks that have opted for less-conventional routes, carving out their own unique niches within the rapidly growing market for legal cannabis.

Hexo (TSX:HEXO) inked a deal with leading alcoholic beverage maker Molson Coors Canada last year that will see the two companies join forces to work on developing a cannabis-infused recreational adult beverage product line.

But HEXO’s got grander ambitious than just that.

Fri
26
Jul

Do marijuana stocks have a trust problem?

For years, the marijuana industry has been thriving, and the expectation is that even greener pastures await. After all, according to a recently released report from Arcview Market Research and BDS Analytics, "The State of Legal Cannabis Markets," global weed sales should grow at a better than 24% annual clip through 2024 to north of $40 billion. Mind you, this figure focuses on licensed-store pot sales, but excludes cannabinoid-based pharmaceuticals and general-store cannabinoid revenue.

Fri
26
Jul

The marijuana stock bubble has officially burst. Now what?

Marijuana stocks have been going absolutely gangbusters for the past several years, thanks to the industry's steady march toward legalization across the globe. Several cannabis stocks, in fact, have more than quadrupled in value over the prior 36-month period. Valuations across the space, though, have started to come down in a big way. Since the start of May, for instance, the major Canadian cannabis cultivators have lost, on average, a whopping 28.8% of their value.

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