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A new mega-merger deal was confirmed this week in the cannabis space. Meanwhile, a Canadian cannabis producer announced more cuts to its operations, along with reductions in its staff, in a bid to improve its operational balance. Keep reading to find out more cannabis highlights...
On the surface, nothing really has changed all that much within the cannabis market. There are still production issues, black market sales still outweigh legal sales, Canadian stores are still incredibly slow at getting cannabis to market to meet the high demand. However, there was one ...
Investors looking to tap cannabis for a new wave of upside should keep an eye on developments between Aphria (TSX:APHA) (NASDAQ:APHA) and Tilray (NASDAQ:TLRY) . As reported by a slew of major news outlets, the two cannabis market leaders have emerged as potential bedfell...
Listen on the go! A daily podcast of Wall Street Breakfast's Alpha Talks will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks snapped their three-day advance with small losses Friday in volatile quadruple witching trading, as progress stalled on a COVID financ...
Canadian pot stocks Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) are looking to join forces in what would be a seismic shift in the marijuana industry. On Dec. 16, both companies announced a defining agreement to merge and that the all-stock deal will close in the second ...
The two companies are forming a far bigger entity, and the focus of the new company is cost savings to get to profitability. While cost savings would certainly improve the bottom line, been after a large swing upwards in earnings, the stock would be overpriced on forward earnings basi...
Tilray and Aphria are merging in a deal that will effectively result in the former being absorbed by the latter but leaving the former's name. This transaction makes a lot of sense conceptually, especially in light of the industry's problems. Just how much value can be created fro...
Less than six weeks after announcing its $300 million acquisition of U.S. craft brewer SweetWater Brewing Company, Canadian pot grower Aphria (NASDAQ: APHA) has dropped a bombshell on the cannabis industry. Earlier this week, Aphria and fellow Canadian cannabis company Tilray ...
One day after making the most earth-shaking announcement in its history, Canadian marijuana company Aphria (NASDAQ: APHA) saw its stock close 5.5% lower on Thursday. That was quite the comedown from the high of its news on Wednesday that it is effectively acquiring a rival, Tilray...
Delta, Kelowna, BC - December 17, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today's podcast edition of cannabis news and stocks to watch plus in...
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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...