Marijuana Business News

Synonyms: 
stocks
business
Thu
11
Jul

This ancillary marijuana stock is uplisting to the Nasdaq

Although the ride can be bumpy at times, there's no denying that the marijuana industry is slowly but surely maturing before our eyes. With Canada having legalized recreational marijuana, and two-thirds of U.S. states now allowing medical marijuana prescriptions from a physician, the breadth of legal cannabis is greater than it's ever been.

According to various Wall Street projections, the global pot industry could see a fourfold to sixfold increase in sales between now and 2029/2030. If these estimates prove accurate -- and there's reason to believe they're attainable given the tens of billions of dollars in sales on the black market each year -- the cannabis industry could be a once-in-a-generation growth opportunity for investors.

Thu
11
Jul

What Bruce Linton’s firing means for Aurora Cannabis (TSX:ACB)

The surprise firing of Canopy Growth’s (TSX:WEED)(NYSE:CGC) CEO Bruce Linton has been applauded by many analysts as an opportunity for Canada’s largest licensed producer (LP) to finally exercise some fiscal discipline.

Prior to the legalization of recreational marijuana, Canadian cannabis names have been able to serially raise shares and spend the funds carte blanche on acquisitions, which may or may not add any value to the core business. Because funding was so cheap, LPs were able to pursue every vertical under the sun without a clear strategy toward profitability.

Thu
11
Jul

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

Two of the most important qualities to succeed in the stock market are patience and good timing. Patience is important to help investors through tough times, and good timing is essential for investors to know when to pull the trigger on a purchase or a sale.

Those who have invested in Aphria Inc (TSX:APHA)(NYSE:APHA) — and stuck with it through the drama it has experienced over the past nine months — have certainly shown a great deal of patience. However, for those investors on the outside looking in, is now a good time to pull the trigger?

Thu
11
Jul

3 top marijuana stocks to watch in July

After a red-hot start to the year, marijuana stocks have been steadily retreating over the past two months. Weaker-than-expected earnings from some of the top players and over-the-top valuations have taken a hefty toll on the industry of late. 

Wed
10
Jul

Buds & Duds: As cannabis stocks flounder, Martello Technologies stock shines as former Canopy Growth CEO Bruce Linton continues to step up

Cannabis stocks had a tough start to the week, with more lossese on Tuesday across North American markets.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, dropped 1.2% to 229.4 points on Tuesday. The Horizons Marijuana Life Sciences Index ETF was down 1.1% to C$17.7. The OTCQX Cannabis Index slipped 2% at 709.6 points.

Buds

Martello Technologies Group Inc (CVE:MTLO) (OTCMKTS:DRKOF) stock continued to soar Tuesday, up 21.8% at C$0.95 in Toronto, up 39.3% at US$0.71. 

Wed
10
Jul

Better Buy: Medical Marijuana vs. Canopy Growth

The global cannabis market is no doubt an exciting one, and there are many companies auditioning for your investment dollars. Cannabis stocks range from penny stocks to multi-billion-dollar global companies, so there's quite a lot to choose from when thinking about how to play the space.

Wed
10
Jul

Cannabis stocks dragged down by CannTrust’s losses after cannabis seizure

Cannabis stocks fell across the board Tuesday, led by CannTrust Holdings Inc. in its continued response to the news that the Canadian regulator has seized its cannabis after finding it was growing in unlicensed rooms.

BMO Capital Markets became the latest house to downgrade the stock, lowering it to market perform from outperform.

“It is unclear how the company would have commenced cultivation in unlicensed rooms and we are surprised by this development and the inability of CannTrust’s internal operational controls to prevent this,” analysts Tamy Chen and Peter Sklar wrote in a note to clients.

Wed
10
Jul

TruTrace adds A&L Labs Canada to medical cannabis partnership with Shoppers Drug Mart

TruTrace Technologies Inc (CSE:TTT) (OTC:TTTSF) is weaving in cannabis testing facility A&L Canada Labs to its medical cannabis verification pilot program with Shoppers Drug Mart.

A&L Canada Labs will be one of the inaugural testing facilities at Shoppers locations. The program is built around TruTrace’s StrainSecure platform, which can verify the origin, authenticity and quality assurance of cannabis products.

Wed
10
Jul

Marijuana penny stocks preparing for a comeback?

If you’ve been a frequent reader of my articles, you’ll know that I’ve long been bullish on two marijuana penny stocks in particular: HEXO Corp (NYSEAMERICAN:HEXO) and OrganiGram Holdings Inc (NASDAQ:OGI).

Investors who have been following my stock reporting since the beginning may have seen huge gains that doubled or even tripled their money. But lately, these marijuana penny stocks have had a tougher time of it.

As can be seen above, year-to-date these stocks have been very strong indeed. Both HEXO stock and OGI stock are up big in the first half of 2019. But it’s also impossible to miss that since the summer began in June, these companies have taken a beating.

Wed
10
Jul

4 cannabis stocks that could benefit most from HMMJ rebalancing

On July 3, Horizons completed its quarterly rebalance of the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ).

In the recent rebalancing, the ETF expanded to include 10 more companies.

Today we have picked out four cannabis stocks that were added to the HMMJ that could benefit most from this inclusion.

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