Marijuana Business News

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stocks
business
Thu
16
May

Marijuana stocks: 3 key takeaways from CannTrust’s earnings

CannTrust Holdings (NYSE:CTST) hopes to become one of Canada's biggest and lowest-cost marijuana producers, and this week, it unveiled first-quarter financials that show it's making progress toward its goal.

The company's harvest surged because of expansion projects, and strong medical marijuana sales more than offset a sequential slowing of recreational market sales. Can CannTrust Holdings' success continue? Here are three important takeaways from its first-quarter financial report.

Thu
16
May

4 pet cannabis CBD stocks ready to be unleashed

Jefferies has projected that the cannabis industry will be worth US$130.0B in a decade if the industry expands to sectors such as alcohol, health and wellness and pet care. In U.S. for 2018, US$72.56B was spent on pets with US$18.1B attributed to vet care and US$30.3B spent on food (American Pet Products Association, 2018).

The pet market is being driven by increasing pet humanization trends and increasing dog ownership. CBD products for pets can help treat anxiety, chronic pain and skin aliments, among others. Today we have identified four cannabis CBD stocks that may have an early leg up in the CBD pet care market.

Thu
16
May

The 10 most important numbers in Aurora Cannabis' third-quarter report

Earnings season is in full swing, and in case you weren't aware, that includes marijuana stocks. In recent days, the latest quarterly results have been reported for a number of the largest cannabis growers in our neighbor to the north, including what's arguably the most popular pot stock on the planet, Aurora Cannabis(NYSE:ACB). A little more than a week ago, I recounted the 10 most important numbers that Wall Street and investors would want to focus on when Aurora Cannabis reported its fiscal third-quarter operating results after the bell on May 14.

Wed
15
May

The Green Organic Dutchman Holdings Ltd. (TGODF) (TGOD.TO) receives Health Canada approval to start cultivation operations at new Hamilton building

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TGOD.TO) (TGODF) is pleased to announce that it has obtained approval from Health Canada, under the Cannabis Regulations, to expand operations into its new state-of-the-art building located in Hamilton, Ontario.

The 20,000 square feet indoor facility is going to be used for cannabis cultivation; planting will start in the coming weeks.

“This is yet another important milestone for our team as we continue to ramp up production with a focus on executional excellence,” commented Brian Athaide, CEO of TGOD.

“We have pioneered the concept of sustainably growing all-natural, certified organic cannabis at scale. The product we are able to offer Canadians is clean, pesticide-free and undeniably premium.”

Wed
15
May

Aurora Cannabis sold 9 tons of marijuana last quarter

Aurora Cannabis sold a ton of weed last quarter. Nine metric tons, in fact.

Like the other Canadian pot producers reporting earnings Tuesday, Aurora increased sales strongly in its March quarter. Investors had worried that the recreational marijuana market was off to a slow start in Canada, but on Tuesday evening the Edmonton, Alberta-based Aurora Cannabis reported that its net revenue grew 20% from the December period, to reach 65 million Canadian dollars (or US$48.5 million) for the March period. Aurora’s recreational sales grew 37% sequentially.

Wed
15
May

Marijuana stocks to watch as we enter the second half of May

The year 2019 thus far has been pretty exciting when it comes to cannabis stocks.

With so many legislative changes and shifts in the public perception of the substance, it seems as though the potential with cannabis is quite endless. The majority of investments into the industry has been to companies that grow the substance in its raw form.

With this in mind, there is also a varying amount of potential with the companies that produce products or offer services to the market. The only rules about cannabis are to not be prejudice about the company and do the proper research before investing.

Wed
15
May

So nice, I did it twice: I bought another pot stock

On the surface, the marijuana industry looks like a once-in-a-generation growth opportunity. It generated $12.2 billion in global sales in 2018, and Wall Street investment firm Cowen Group is calling for $75 billion in global annual sales by 2030. If Cowen's estimate is accurate, we'd be looking at an industry capable of a compound annual growth rate of almost 17% over the next 12 years.

Growing pains kept me away from this budding industry for years

But this is also an industry facing some very apparent teething pains, especially in Canada, which became the first industrialized country in the world to legalize recreational pot, in October 2018.

Wed
15
May

3 overlooked Canadian cannabis stocks?

Today we have dug up three Canadian cannabis stocks that have the lowest price-to-sales ratio [trailing twelve month (TTM)].

Low price-to-sales ratio is indicative of undervaluation. The selected cannabis stocks have a market capitalization in the range of $40 million to $130 million.

Wed
15
May

3 things that fueled Tilray's tremendous revenue jump in Q1

Tilray (NASDAQ:TLRY) beat Wall Street's revenue expectations but didn't meet analysts' bottom-line estimates when the company reported its fiscal 2018 fourth-quarter results in March.

But the news was better when Tilray announced its fiscal 2019 first-quarter results after the market closed on Tuesday.

Wed
15
May

3 ways marijuana stocks are tricking investors

Early supply-chain issues in Canada and California aside, the marijuana industry really has the feel of a once-in-a-generation growth opportunity.

It racked up $12.2 billion in global legal sales in 2018, and Wall Street investment bank Cowen Group is calling for up to $75 billion in worldwide sales by 2030. For you math-phobes, that's a compound annual growth rate of almost 17% over the next 12 years.

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