Marijuana Business News

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stocks
business
Mon
13
May

Why OrganiGram Holdings Inc (OTCMKTS:OGRMF) looks ahead at a continuing trend higher

The positive action continues for shares of OrganiGram Holdings Inc (OTCMKTS:OGRMF). The stock moved back above its 50-day simple moving average to close out last week, with volume in the tape showing some positive signs as well. In addition, the company just announced that it has received an expanded cultivation license from Health Canada in line with its previously announced Phase 4A and 4B expansion plans for its Moncton Campus.

Mon
13
May

Writedowns are likely for these 3 marijuana stocks

The marijuana industry is looking like it could be one of the greatest growth stories of our generation. Having long existed behind the scenes in the black market, the now-legal pot industry is budding, and it has quite the audience in Wall Street.

Last year, the global legal cannabis industry generated $12.2 billion in sales -- and this is just the beginning.

Depending on your preferred Wall Street investment firm, the legal pot industry is capable of between $50 billion and $75 billion in worldwide sales by the end of next decade, and perhaps $130 billion to $166 billion in peak yearly sales (although no specific time frame was provided).

Mon
13
May

Better marijuana stock: HEXO vs. MariMed

Some marijuana stocks are hot. And some are not. HEXO (NYSEMKT:HEXO) definitely falls into the former category. Its shares have more than doubled so far this year. MariMed (NASDAQOTH:MRMD), on the other hand, isn't so hot in 2019. Although the stock soared 371% in 2018, MariMed is down 3% year to date. But which of these two marijuana stocks is the better long-term pick for investors? Here's what you need to know about HEXO and MariMed.

Mon
13
May

These 4 pot stocks have surprisingly poor crop yields

When it comes to investing in the marijuana industry, production isn't everything. But let's be clear -- it's still a really important piece of the puzzle. But what's arguably more important than simple peak production is how well cannabis growers convert their licensed square footage into yield. In other words, efficiency is king.

Mon
13
May

4 Canada-listed cannabis stocks set to light it up in Europe

With a population size of 740 million people, Europe’s population dwarfs both Canada and the U.S combined. The sizable growth the cannabis industry has had over the past 12 months can be attributed to six countries that have announced medical cannabis legalization.

So far, over €500.0M has been invested in European cannabis businesses (Prohibition Partners, 2019). It is predicted that Europe over the next five years will be the largest legal cannabis market in the world and could be worth up to €123.0B by 2028. Today we have identified four Canada-listed cannabis stocks with promising operations in the European Union (EU).

Mon
13
May

Better Buy: Canopy Growth vs. Aphria

Nearly everything that could go right has done so for Canopy Growth (NYSE:CGC). On the other hand, nearly everything that could go wrong has done so for Aphria (NYSE:APHA).

The stock performances for the two Canadian marijuana producers sort of show it, with Canopy's shares more than doubling over the last 12 months and Aphria's shares sinking nearly 20% during the period.

However, the past, whether good or bad, doesn't necessarily translate to how well a company and its stock will perform in the future. Which of these two marijuana stocks is the better pick for investors now? Here's how Canopy Growth and Aphria stack up against each other.

Fri
10
May

Canopy Growth announces offtake agreement with PharmHouse

Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) is pleased to announce today that has signed an offtake agreement with PharmHouse Inc. (“PharmHouse”), a 49 per cent-owned joint venture of Canopy Rivers Inc. (TSXV: RIV) (OTC: CNOPOF).

Fri
10
May

TGOD secures supply agreement with British Columbia

 The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce that it has secured a cannabis supply agreement with the BC Liquor Distribution Branch (“BCLDB”).

The BCLDB, under the brand BC Cannabis Stores, is British Columbia’s public retailer of non-medical cannabis.

Fri
10
May

Warning: 3 things all cannabis investors should be aware of

The idea of high-return investments is intriguing to all investors. The cannabis sector is a perfect example. Fortunes have been made in the industry, but now that legalization has come and gone, are there any opportunities left in the space?

Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) is the ideal way for investors to gain exposure to the cannabis industry without taking on specific business and execution risk. The fund consists of all the top companies in the marijuana space and is just over two years old.

Fri
10
May

Is Aurora Cannabis (TSX:ACB) stock a buy today?

The 2019 rally in marijuana stocks has investors scouring the cannabis sector to see which marijuana companies might be the best picks to pocket some pot stock gains through the end of the year. Let’s take a look at Aurora Cannabis (TSX:ACB)(NYSE:ACB) to see if it deserves to be on your buy list right now.

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