Marijuana Business News

Synonyms: 
stocks
business
Tue
15
Jan

Cannabis Canada Daily: Canopy Growth granted hemp licence in New York

Canopy Growth to spend up to US$150M to grow hemp in New York

Tue
15
Jan

Is HEXO Corp. (TSX:HEXO) stock attractive right now?

Canadian marijuana stocks have rebounded off the lows they hit in recent months, and that has investors wondering which pot stocks might be the best buys in 2019.

Let’s take a look at HEXO (TSX:HEXO) to see if one deserves to be in your portfolio right now.

Tue
15
Jan

3 reasons why Shopify (TSX:SHOP) should be in your portfolio

A promise you might see a lot on the Motley Fool and other financial advice websites is, “This is the next Amazon.”

Well, for Shopify (TSX:SHOP)(NYSE:SHOP), that might just be true.

Honestly, the stock is a powerhouse, even in this volatile market. In fact, let’s just take a quick look at how much you could have made over the past few years if you had purchased this stock already:

Tue
15
Jan

Aphria (TSX:APHA) in turmoil: Is now a good time to buy?

Aphria (TSX:APHA)(NYSE:APHA) had a tumultuous end of the week. In an unexpected move, the company decided to part ways with CEO Vic Neufeld and co-founder Cole Cacciavillani. The news was first announced on Thursday, January 10, on the evening before Aphria was supposed to release its second-quarter earnings results.

Mon
14
Jan

Aphria CEO and company co-founder to step down

Aphria announced Friday that its CEO Vic Neufeld and company co-founder Cole Cacciavillani will both “transition out of their executive roles in the coming months.”

Neufeld and Cacciavillani will remain on the company’s board of directors, but the company said it will shift to “a globally-minded executive leadership team for the long-term benefit of the company’s patients, shareholders, customers and employees.”

In a news release, Neufeld recalled the roots of the company in a Leamington greenhouse operation where Cacciavillani was growing “millions of potted flowers” five years ago, when the Canadian medical marijuana market opened.

Mon
14
Jan

Aphria's Q2 update: The only 5 things you really need to know

Aphria (NYSE:APHA) has taken investors on a roller-coaster ride over the last several months. The Canadian marijuana stock plunged in December after short-sellers alleged that the company overpaid for international acquisitions and lined the pockets of key insiders in the deal. A hostile takeover attempt by U.S.-based marijuana producer Green Growth Brands (GGB) caused the stock to rebound later in December.

Mon
14
Jan

Canada's top 10 marijuana growers could collectively produce 3.3 million kilograms annually

The marijuana industry underwent a transformation like never before in 2018. Following nine decades of recreational cannabis prohibition, Canada's Parliament passed the Cannabis Act, thereby legalizing weed for adult consumption. In one act, marijuana went from being a somewhat taboo topic to a legitimate business model.

Mon
14
Jan

Better buy: OrganiGram Holdings vs. CannTrust Holdings

Most Canadian marijuana stocks fizzled last year. CannTrust Holdings (NASDAQOTH:CNTTF) was in that group, with its stock falling 34%. A handful of Canadian marijuana stocks, though, turned in solid performances in 2018. OrganiGram Holdings (NASDAQOTH:OGRMF) was one of them, jumping more than 10%.

But 2018 is now history. Which of these stocks is the better choice for investors looking to the future? Here's how OrganiGram and CannTrust stack up against each other.

Mon
14
Jan

Better buy: Aurora Cannabis vs. Scotts Miracle-Gro

Aurora Cannabis (NYSE:ACB) and Scotts Miracle-Gro (NYSE:SMG) shareholders are probably glad that 2018 is behind them. Aurora's share price fell 35% last year -- although the steep drop stemmed entirely from dilution caused by issuing new shares -- while Scotts Miracle-Gro stock plunged nearly 43%.

It's a new year now, and both stocks have gotten off to a good start. 2019 should be a better year for both Aurora Cannabis and Scotts Miracle-Gro for several reasons. But which is the better pick for long-term investors?

Mon
14
Jan

Cannabis retail lottery winners may not be prepared, industry insiders warn

The overwhelming success of individuals who won a chance at opening one of Ontario’s first cannabis dispensaries could mean that few of these aspiring retailers will be able to open by the April deadline, say marijuana industry insiders.

The Alcohol and Gaming Commission of Ontario (AGCO), the province’s pot regulator, on Friday provided a breakdown of the individuals and companies who applied to a lottery for a chance to get a cannabis retail licence.

Nearly two-thirds of the applicants were sole proprietorships – essentially individual entrepreneurs – while the remaining submissions came from corporations and partnerships.

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