Marijuana Business News

Synonyms: 
stocks
business
Fri
10
May

Sales estimates for the most popular pot stock are plunging

Since the beginning of 2019, few industries have generated buzz quite like the marijuana industry. The Horizons Marijuana Life Sciences ETF, the first tradable cannabis exchange-traded fund, is up 49% for the year through Monday, May 6. That almost triples the 17% return of the broad-based S&P 500 since the year began.

Fri
10
May

Go for growth without being stupid: 3 top mid-cap stocks to buy in May

Hi there, Fools. I’m back to call your attention to three attractive mid-cap stocks — or, as I like to call them, my top “sweet-spot” stocks. As a quick refresher, I do this because mid-cap companies — those with a market cap of between $2 billion and $10 billion — have two key features:

Fri
10
May

This major pot stock is headed to the Nasdaq

The marijuana industry is evolving at a breakneck pace. What had once been an industry that was forced into seclusion is now an industry that has a product that's considered mainstream throughout much of North America and Europe.

Not to mention, more and more people favor the idea of legalizing cannabis, at least in the United States.

Thu
09
May

Neptune Wellness Solutions Inc: New growth trajectory could help this weed stock triple in price

Neptune Wellness Solutions Inc (NASDAQ:NEPT) has been one of the top cannabis stocks in 2019, climbing 65% year-to-date. It was also one of the top marijuana stocks in April, advancing more than 26%.

Neptune stock has been bullish for a number of great reasons.

Along with a strong balance sheet, the company recently announced that it had received licensing from Health Canada to process cannabis and that it had begun commercial production and delivery of cannabis extracts.

On top of that, Neptune has expanded its offerings of turnkey solutions in the U.S. to include hemp ingredients.

Thu
09
May

Big player in pot economy seeks to buy 1 of R.I.’s 3 dispensaries

One of the nation’s largest marijuana investment firms is looking to make money in Rhode Island’s medical marijuana program.

Acreage Holdings — which has marijuana interests in nearly a dozen states and counts among its directors former U.S. House Speaker John Boehner and ex-Massachusetts Gov. Bill Weld — is in talks to buy Greenleaf Compassion Center, in Portsmouth, one of only three medical marijuana dispensaries in Rhode Island.

Greenleaf CEO Seth Bock said Wednesday he had signed a letter of intent to sell the business but could not disclose the potential buyer because of a nondisclosure agreement.

Thu
09
May

Pot Shots: 4 B.C. cannabis companies that continue to grow

As of March, the value of Canada’s six largest cannabis companies totalled almost $43 billion—that’s a lot of cash (or kush).

But not all the buzz is reserved for the biggest firms.

Take these four B.C.-based companies, all of which have the potential to play in the pot space for the foreseeable future.

BURB

CATEGORY: Cannabis products, accessories and clothing

LOCATION: Its first, flagship store just opened in Port Coquitlam…on 4/20

ACTIVE SINCE: 2019

Thu
09
May

Buds & Duds: Cannabis stocks flatten out; ICC International Cannabis shares jump earlier on Wednesday on European distribution deal

Cannabis stocks were flat as a pancake on Wednesday on the back of a lacklustre week for cannabis stocks across North American markets.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, inched down 0.1% to close at 282.4 points. The Horizons Marijuana Life Sciences Index ETF was up 0.2% at C$20.59. 

Buds

ICC International Cannabis Corp (CSE:WRLD.U) (OTCMKTS:WLDCF) shares soared earlier on Wednesday after it announced that it has entered into an agreement with Organic Flower Investment Groups Inc to access distribution in the European market.

Thu
09
May

A crazy, but true, fact about Cronos Group that investors need to know

Just when you think it couldn't get any better for marijuana stock investors, the industry just keeps proving skeptics wrong. Following an abysmal fourth quarter that saw some pot stocks lose half of their value, the Horizons Marijuana Life Sciences ETF, the first tradable cannabis exchange-traded fund, is up more than 50% year to date, with many well-known marijuana stocks at or near all-time highs.

Thu
09
May

Should cannabis investors buy Aphria (TSX:APHA) stock’s current dip?

Canadian cannabis firm Aphria’s (TSX:APHA)(NYSE:APHA) stock has taken a severe beating to trade 32% lower after the company released its fiscal Q3 2019 results on April 15, and the share price has never recovered since, even after the overly positive news of a key tender win in budding Germany. Should investors consider buying the current valuation lows?

The company is an intriguing marijuana play right now, not only as a result of negative publicity recently but on an operating efficiency and worrying growth trend basis, too.

Pages

Subscribe to RSS - Marijuana Business News