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The cannabis sector is poised for great growth due to potential for more permissive regulations. US MSOs are better situated to gain from new regulations than their Canadian counterparts. An actively managed ETF play can be a good solution to avoid specific stocks in a turbulent s...
Aurora Cannabis’s (TSX:ACB) (NYSE:ACB) stock price rose by nearly 9% on Thursday last week, as investor sentiment on Canadian pot stocks received a boost from Aphria’s (TSX:APHA) (NASDAQ:APHA) market-beating earnings report. Shares in Aphria rallied...
Pot stocks have been on a roll recently. One that has notably stood out among them is Aphria (TSX:APHA) (NASDAQ:APHA) . The cannabis giant has gained almost 170% in the last three months and is currently trading at its two-year high. Aphria stock at two-year high ...
Merger activity decreased last week with six new deals announced. Acacia Communications and Cisco Systems announced an amendment to their merger agreement. Google completes the acquisition of Fitbit. For further details see: Merger Arbitrage Mondays - Fitbit Closes And A...
Aurora Cannabis rallied on Aphria results that weren't overly positive. Industry data suggests Q4 cannabis sales slowed. The company has already forecast missing positive adjusted EBITDA targets and the market should expect further disappointments. For further details see: ...
Mexico looks to be closer than ever to cannabis reform, with the country releasing its regulation plans to make the drug legal in medical settings. Meanwhile, despite the financial hardships seen recently in the Canadian cannabis market, CEOs in the country are still receiving top d...
Aphria (NASDAQ: APHA) flew as high as 15.7% on Friday before the buzz started to wear off. The stock mellowed to a 2.6% gain on the day. The ride in the sky was due to several analysts raising their price targets on the company, which tends to happen just after a successful quarterl...
Tilray shares gained 137% in 2021 so far but they are only up 13% since January 1, 2020, due to its weak performance in 2020. We think Tilray has more upside due to its strong business fundamentals (with Aphria) and its discounted valuation to Canopy and Cronos. The recent rally c...
Aurora shares cratered ~65% in 2020 but have gained ~30% in 2021 so far on hopes of U.S. legalization. The business began restructuring in 2020 by shedding non-cannabis assets and shutting down ~90% of its cultivation capacity. Aurora has $450M of cash which provides ample liquidi...
Shares of some Canadian cannabis stocks are moving in different directions today. As of 11:30 a.m. EST, Tilray (NASDAQ: TLRY) shares were 9% higher, HEXO (NYSE: HEXO) shares had gone up 10% before settling down to a 1% gain, and Village Farms International (NASDAQ:...
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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...