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Ever since the end of the first quarter of 2019, pot stocks have been in a downward spiral. Underwhelming earnings, several scandals, managerial turnover, Health Canada's slow approval process for both physical retail outlets and key derivative products like vapes, enormous tax rates, the existe...
The cannabis boom has gone global thanks to higher demand from consumers, legalization in various countries, Cannabis 2.0, the 2018 Farm Bill, and further legalization throughout the U.S. As a result, the global market is expected to reach $146.4 billion by 2025 , according to Grand View Res...
Canadian cannabis giant Aphria (NYSE: APHA) revealed Friday that it has a new major shareholder. The catch is, the public has no idea what or who it is. The company announced in a press release that it closed a previously announced deal for the entry of this so-called "Significant Investor....
Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics. Introduction Last week, Aphria ( APHA ) reported quarterly results and slashed fiscal 2020 guidance. While the market reaction was negative, we think the stock ...
LEAMINGTON, ON , Jan. 31, 2020 /PRNewswire/ - Aphria Inc. (" Aphria " or the " Company ") ( TSX: APHA and NYSE: APHA ) today announced that it closed its previously announced strategic investment from an institutional investor (the "Significant Investor" ) for aggregate gro...
Over the last year, Denver, Colorado, and Oakland, California decriminalized the possession of products containing psilocybin or psilocin. Just this week, the Santa Cruz City Council voted to pass a resolution that decriminalizes psychedelic mushrooms in the city. "Entheogenic plants offer ma...
January 30, 2020 Palm Beach, FL – January 30, 2020 – Europe may soon surpass the U.S. with regards to cannabis, says International Cannabis Conference (ICBC) founder, Alex Rogers, as noted by Leafly. “Luxembourg is about to legalize, Switzerland is...
Source: Author based on company filings. Field of Dreams In March 2019, Hexo (HEXO) announced a $263 million all-stock acquisition of Newstrike Brands . The primary benefits of the deal were three fold: Hexo would gain Newstrike's state-of-the-art cultivation infrastructure and ...
The landscape of cannabis investing has changed significantly between 2019 and 2020, and many of the largest, most respectable pot stocks have lost their allure. Despite starting the previous year as many analysts' favorite pot stock, Aurora Cannabis (NYSE: ACB) has quickly lost a lot o...
Lucrative business model Innovative Industrial Properties ( IIPR ) is a real estate investment trust ("REIT") which is focused on acquiring and leasing specialized properties leased to state-legal cannabis companies. IIPR's business model is very lucrative due to current legal conditi...
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Cannabis Industry Merger And Acquisitions In 2021 Many cannabis stocks have over the last several months been hit with a loss in trading momentum. This has led to many of the top cannabis stocks trading at lower prices. Yet so far in May pot stocks have been performing a bit more vo...