Marijuana Business News

Synonyms: 
stocks
business
Tue
14
May

Are these marijuana stocks going to make it to the top?

The marijuana industry has seen a large amount of incremental shifts over the course of the past few months. In that time, we have not only seen legislation change, but we have also seen the world become more accepting of the miracle substance.

This has led to one of the most inviting investor spaces that we have seen, which has helped to bring market capitalizations even higher. The hopes are high that the industry can continue to flourish as companies move forward with the production of new groundbreaking products.

Tue
14
May

4 Canadian marijuana stocks with the highest volatility

Today we have identified four Canadian marijuana stocks that have the highest volatility as measured by beta. Beta is a measure of a stock’s volatility in relation to the market. The selected cannabis stocks have a market capitalization in the range of $75 million to $7 billion.

Tue
14
May

The dark side of marijuana stocks

Marijuana stocks are among the most fashionable investments on the TSX. With some stocks in the sector up as much as 70% year to date, they’ve been beating the market with ease. If you’d invested $1,000 in Canopy Growth three years ago, you’d have $23,000 in the bank today — and that’s not the only marijuana stock that has made investors rich. The weed sector as a whole has been beating the market and making many investors happy in the process.

Tue
14
May

Buds & Duds: Cannabis stocks sink; Newstrike and Hexo shares tumble even as acquisition moves forward

Cannabis stocks had a case of the Mondays and declined steeply in a rough start to the week, with broad drops across North American markets. The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was down 4.2% to 268.6 points by Monday midday. The Horizons Marijuana Life Sciences Index ETF was down 4% at C$19.50.

Tue
14
May

HEXO stock – One of cannabis’s best performing stocks

HEXO Corp (NYSE:HEXO)(TSX:HEXO) is one of the best performing marijuana companies on the stock market in 2019. Its performance—so good, that HEXO stock has already doubled since the beginning of the year. This is the result of revenue reports that reflected year-over-year growth of 1,269%. A sales increase of 144% from the previous quarter, also helped.

Tue
14
May

4 Canadian cannabis stocks thriving in poor market conditions

With recent volatility in the stock market, many cannabis stocks have performing poorly over the past week.

Today we’ve identified four Canadian cannabis stocks that have performed well over the past seven days, despite the recent volatility.

We also looked at the 7 Day Average Daily Volume of these stocks relative to their 30-Day Average Daily Volume.

A higher 7 Day Average Daily Volume suggests a bullish outlook the stock.

Tue
14
May

Whatever happened to Tilray (NASDAQ:TLRY)?

Tilray Inc (NASDAQ:TLRY) was one of the stars of last year’s marijuana madness. During the rally kicked off by Canopy Growth Corp’s (TSX:WEED)(NYSE:CGC) $5 billion acquisition, Tilray actually briefly eclipsed Canopy itself, going on a 750% rally that sent its market cap to unprecedented levels. At the time, there was a lot of hype surrounding the company, a recent IPO that had the blessing of some high-profile Silicon Valley venture capitalists.

Tue
14
May

Which pot stocks are the cheapest relative to 2020 sales?

Last year, the marijuana industry broke down more than a dozen barriers. We witnessed an industrialized country legalize recreational pot, saw the U.S. Food and Drug Administration approve the very first cannabis-derived drug, and watched as numerous marijuana stocks uplisted from the over-the-counter exchange to either the New York Stock Exchange or Nasdaq.

But after a year of promises, 2019 and beyond will feature a new focus. With the industry blossoming under the umbrella of legalization through much of North America and Europe, it's now up to pot stocks to deliver the green. In other words, operating results actually matter now.

Mon
13
May

Why I wouldn’t Touch Village Farms (TSX:VFF)

Village Farms International (TSX:VFF)(NASDAQ:VFF) has been one of the best performing pot stocks since the beginning of the year. Equity markets have been on fire, and many marijuana companies are performing well, but Village Farms’ year-to-date 200% jump in share value dwarfs that of most of its peers.

As a result, the marijuana company has been getting an increasing amount of attention among investors trying to pounce on the growing cannabis market. Is Village Farms’ recent performance a fluke? Or is the firm a good buy at the moment?

Mon
13
May

Short sellers beware: This marijuana stock is flying high

The much-maligned Aphria Inc. (TSX:APHA)(NYSE:APHA) is notably beating the odds of late. This $2.3 billion producer and seller of medical cannabis almost got delisted from the TSX two years ago on allegations of non-compliance to listing requirements. Short selling issues also hounded the Leamington-based firm.

However, the dust has settled and Aphria remains on the big board, both in Canada and the U.S. Now that the turbulence is over, the excitement is back. Investors are taking Aphria more seriously this time. The growth potential is there given the positive developments happening in the present.

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