Marijuana Business News

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stocks
business
Mon
15
Jul

The 3 most profitable marijuana stocks you can buy right now

In 2019, the vast majority of licensed cannabis producers have been losing money at a time investors were expecting the profits to start rolling in. Among those with at least $20 million in annual sales, all but a handful reported losses in the most recent quarter. 

The Public Cannabis Company Revenue Tracker at New Cannabis Ventures currently lists just seven companies in North America with operations that squeaked out a profit during their most recent quarter. Here's how the top three performers have been able to make money while their peers report accelerating losses. 

Fri
12
Jul

Pot investors brace for writedowns, not profits, in second half

Cannabis investors banking on profitability in the second half of the year may have another thing coming: More losses at best, and maybe a surprise stack of writedowns.

Although pot stocks have enjoyed a heady start in 2019 due to global marijuana legalization efforts and the burgeoning use of CBD as a wellness product, backers are starting to judge their investments by profitability instead of hype, and patience is wearing thin. Of the five largest Canadian pot companies, only Cronos Group Inc. is expected to report adjusted net income by the final quarter of the year, according to Bloomberg data.

Fri
12
Jul

The CannTrust (TSX:TRST) stock shocker makes 1 cannabis competitor look great by comparison

It’s been a bad start to the week for the TSX, as energy, finance, gold, and the healthcare sectors all took a dive. The latter sector was weighed down by the plunge in CannTrust Holdings (TSX:TRST)(NYSE:CTST), which failed to live up to its name this week. The cannabis producer has been hit by a Health Canada audit that concluded the company had been running an extra five greenhouse rooms without a licence and put a kibosh on the estimated 5,200 kg of marijuana the company produced.

Fri
12
Jul

A fresh approach to cannabis

Although cannabis legalization is new to many countries and elusive to many more, the cannabis market is growing at an astounding rate. In the U.S. alone, approximately 7 per cent of Americans are using cannabidiol (CBD) for many purposes, which leaves room for the industry to grow to $16 billion by 2025.

Fri
12
Jul

2 reasons why Hexo (TSX:HEXO) is still a buy

Hexo Corp (TSX:HEXO) is testament to how quickly things can change in equity markets in general, and in an industry as volatile as the marijuana industry in particular. Just a few months ago, the firm seemed well positioned to become marijuana royalty. However, a round of disappointing financial results have played a critical role in dragging its stock price down.

Since late April, shares of Hexo are down about 40%. Still, there are several reasons why Hexo may still be worth considering. Let’s remind ourselves of two of these reasons.

Fri
12
Jul

Canopy Growth (TSX:WEED) is poised to soar like amazon

Cannabis stocks have been some of the hottest investments to own in recent years, many including Canopy Growth (TSX:WEED)(NYSE:CGC) have generated incredible returns. Since going public in April 2014, Canopy has gained a whopping 1,620%, and despite growing concerns over the viability of the legal cannabis industry, there are signs of further growth to come.

As the rough ride endured by online retail behemoth Amazon.com demonstrates, there will always be hiccups for any company operating in an emerging industry. Even after the tech bust, global financial crisis, European sovereign debt crisis, and oil crash, it has returned over 116,000%, after allowing for stock splits, since its 1997 IPO.

Fri
12
Jul

3 pot stocks short-sellers are targeting

For more than three years, the marijuana industry has been showing investors the green. Fortunate investors who bought into what are today's most popular pot stocks back in 2016 are likely up by a quadruple-digit percentage. And it's possible this could be just the beginning, with Wall Street calling for a fourfold to sixfold increase in worldwide sales over roughly the next decade.

Fri
12
Jul

Edible marijuana legalization in Canada: Could this help turn marijuana stocks around?

One of the major events on the horizon for the marijuana industry is that before the end of the year, we’re going to see a whole new set of marijuana products be made available to the Canadian public: namely, edibles. While Canada legalized marijuana products federally last October, edibles are still technically illegal (although they aren’t exactly hard to find on the grey and black markets). But this coming December could be another huge run for marijuana stocks.

Fri
12
Jul

This major marijuana grower reiterates its desire to find a beverage partner

The big day, for 2019 at least, is about five months away for Canadian marijuana stocks. After officially legalizing recreational marijuana on Oct. 17, 2018, Canada's regulatory agency Health Canada expects derivative products to first make their way onto dispensary-store shelves by mid-December. Derivatives are, for example, non-dried-flower products, such as vapes, edibles, topicals, concentrates, and nonalcoholic infused beverages.

Thu
11
Jul

Buds & Duds: Cannabis stocks continue to slump but Lexaria Bioscience shares shine on CBD beverage deal

Cannabis stocks were faced with yet another tough day on Wednesday, after weeks of losses across North American markets.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, dropped 2% to 225.5 points on Wednesday. The Horizons Marijuana Life Sciences Index ETF was down 0.7% to C$17.70. The OTCQX Cannabis Index inched up 0.2% at 716.3 points.

Buds

Despite the overall lags, a number of stocks shone on Wednesday.

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