Marijuana Business News

Synonyms: 
stocks
business
Thu
09
May

Health Canada changes cannabis licensing process in bid to cut wait times

Health Canada is changing its process for issuing cannabis licences, in a bid to reduce wait times, after a review found a "significant amount" of its resources was used to approve numerous applications for facilities that have yet to materialize years later.

Effective immediately, new applicants for licences to cultivate, process or sell cannabis — for either medical or recreational purposes — must now have a fully built site that meets the regulations when they submit their application, the government agency said.

Prior to this, cannabis licence applicants could submit an application with their plans and get approval before building.

Thu
09
May

3 marijuana stocks to avoid like the plague in May

Believe it or not, marijuana stocks proved fallible in April, with the first tradable cannabis exchange-traded fund, the Horizons Marijuana Life Sciences ETF, falling by 1.6% during the month. Of course, there's no need to cry a river, with the ETF tripling the performance of the S&P 500 on a year-to-date basis.

However, a budding cannabis market doesn't mean you can simply throw a dart and select a winner.

If anything, investors should be more critical of pot stocks now, with the industry still nascent and contending with numerous supply chain-based growing pains. As I look at the more than 50 marijuana stocks I regularly follow, I see three that should be avoided like the plague in May.

Thu
09
May

Only 1 of these 2 Canadian marijuana stocks is a solid buy

U.S.-China trade worries are back in a big way this week, with TSX futures down on the possibility of increased tariffs that threaten to inflame the Sino-American trade war.

Risky assets have been taking a battering as a result, with Canadian marijuana taking a hit. Indeed, the wobble in the markets couldn’t have come at a worse time for the burgeoning cannabis sector, with Statistics Canada reporting that Canadian marijuana retail sales fell by a whopping 7% in February compared to the data for January.

Wed
08
May

MJardin Group announces fourth quarter and full year 2018 financial results

MJardin Group, Inc. ("MJardin" or "the Company") (CSE:MJAR) (OTCQX:MJARF), a leader in premium cannabis production, today announced its financial and operating results for the year ending December 31, 2018. All amounts are expressed in Canadian dollars unless otherwise indicated.

Wed
08
May

The 5 worst-performing pot stocks in April

The marijuana industry has come blazing out of the gates in 2019, with the first-ever tradable cannabis ETF, the Horizons Marijuana Life Sciences ETF, up 51% through the end of April. That not-too-shabby performance, which essentially triples the return of the S&P 500, signals how excited investors are about the long-term prospects for legal weed.

Then again, April was arguably the "worst" month of the year for pot stocks, with the Horizons Marijuana Life Sciences ETF declining by 1.6%. Of the 52 marijuana stocks I regularly track, nearly half of them (25) ended April lower.

Wed
08
May

The Green Organic Dutchman Holdings Ltd. (TGOD) (TGODF) to release first quarter 2019 earnings results

The Green Organic Dutchman Holdings Ltd. (“TGOD” or the “Company”) (TGOD.TO) (TGODF) announced today that the Company expects to release its first quarter 2019 earnings on Wednesday, May 14, 2019 , after market close.

The Company will hold a conference call conducted by Brian Athaide , Chief Executive Officer, and Sean Bovingdon , Chief Financial Officer, at 9:00 am Eastern Time on May 15, 2019 , to discuss first quarter 2019 results and future outlook.

CONFERENCE CALL INFORMATION:

Date: May 15, 2019 | Time: 9:00 am EST

Participant Dial-In

Local – Toronto : 416 – 764 – 8688

Toll Free – North America : 1- 888- 390 – 0546

Conference ID – 42408893

Listen to Webcast

Wed
08
May

Which marijuana stocks are proving their values this week?

Value is something that has been hard to determine in the world of marijuana stocks as prices fluctuate so heavily and so often. Despite this, it seems as though viewing the substance as a commodity may be one of the fairer ways to determine the value of a given company. Of course, this only works for the companies that grow the substance, but these also happen to be the most volatile. Other companies such as those a part of the ancillary services market on cannabis are able to offer different things to the market that make the value more easily attainable.

Wed
08
May

A beginner’s guide to investing in marijuana stocks — Canopy Growth (TSX:WEED) and Aurora Cannabis (TSX:ACB)

There are hundreds of articles about marijuana stocks published every day, and half the articles urge investors to jump in before it’s too late. The other half stress caution.

Yet, too much information can be overwhelming and confusing.

What’s an investor to do? Let’s start by understanding the industry.

Pot stocks are relatively new to the TSX

Five years ago, Tweed Inc became the first marijuana stock to begin trading on the TSX Venture Exchange. At the time, the legalization of recreational pot seemed unlikely under Canada’s conservative government.

Wed
08
May

Cannabis Canada Daily: Cronos Group to make next-gen vape products in Israel R&D lab

Green Growth links up with Abercrombie & Fitch to sell CBD-infused products 

Wed
08
May

4 craft cannabis stocks carving out a lucrative niche

Craft cannabis is exactly what you might think: cannabis that has been crafted with the highest quality of care. Just as a coffee connoisseur has high expectations for his quality of brew, or an aficionado of beer expects a superior smoothness and taste of his/her beverage, there is  a segment of cannabis users who seek out the highest quality flower. The quality of cannabis is determined primarily by the growing technique used. Growing techniques, as well as the use of organic methods as opposed to harsh chemicals, may appeal to the health-conscious cannabis consumer more than a large-scale producer relying on mechanically-operated systems and pesticides. Craft marijuana grown without pesticides requires extra care, ensuring that spider mites or mold don’t infect the plants.

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