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Australis Capital , an investment company that was spun off in 2018 from cannabis industry major Aurora Cannabis (NYSE: ACB) , has put the kibosh on a planned business tie-up. Australis announced this week that it has cancelled its previously announced merger with hemp products producer Foli...
As you're probably aware, marijuana stocks had an awful 2019. Though last year was supposed to be when cannabis stocks proved to Wall Street that they deserved premium valuations, supply issues in Canada and high tax rates in select U.S. markets derailed these plans. Instead, most pot stocks los...
Putting aside the fact that 2019 was not a good year for cannabis stocks , we've witnessed a lot of history being made in recent years. In 2018, Canada became the first industrialized country in the modern era to green-light recreational marijuana. This was followed in 2019 by Illinois becoming...
Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics. Introduction Canopy Growth ( CGC ) has been trying to recover from a turbulent period after a new CEO settled in. The company has been laying low while the Cana...
Terry Booth has a way with words. The founder (and CEO up till a couple of weeks ago) of Aurora Cannabis (NYSE: ACB) recently told BNN Bloomberg, "You can't buy a hunk of junk right now and fix it up." Booth was seemingly referring to other licensed producers that might not ...
To say that marijuana stocks have had a bad go of things over the past 10-plus months would be a bit of an understatement. The vast majority of cannabis stocks have lost at least half of their value since hitting their yearly highs during the first quarter of 2019, with some even pushing to ...
Any Of These 6 Penny Stocks On Your List This Month? When you really boil it down, penny stocks are like most high-risk investments. The rule of thumb is “don’t risk more than you can afford to lose.” But doesn’t this mentality open up your thinking to more of a l...
The cannabis industry in Canada is hurting, and the danger is that things could get even worse. Investors have been bearish on the industry as companies have been shedding jobs, making leadership changes, and, of course, posting disappointing financial results. And there's little hope that thing...
The pot wars have officially broken out in earnest. With less revenue to go around than anticipated due to structural and regulatory deficiencies in Canada, the country's top licensed producers have all had to scale back operations, cut costs, and pay close attention to their often dwindling cas...
Last year was expected to be when marijuana stocks proved their worth to Wall Street. Unfortunately, that's not what happened, and investors suffered through the worst year on record for cannabis stocks . To our north, regulatory-based supply problems have wreaked havoc and allowed the black m...
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2024-04-27 17:49:49 ET Ahead of the Curve: Leading Canadian Cannabis Stocks for Early 2024 The global cannabis industry and top marijuana stocks are poised for significant growth, driven by increasing legalization and medical use. Furthermore, experts predict a compound annual growt...
Aurora Cannabis Inc. captured investor attention with a dramatic 38% increase in options trading and a significant 18.2% surge in stock price ...
Earlier this week, a group in North Dakota filed a ballot measure petition to legalize recreational marijuana in the state. The measure would permit individuals aged 21 years and older to buy products from registered marijuana establishments in the state and possess small amounts of marijuana. ...