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At a dividend of 7.26%, massive write-downs and a decline in cigarette consumption are hardly bad news for Altria ( MO ). Risks are increasing on the possibility that the stock may retest the $40 low reached last year in September 2019. For the buy and hold investor, that is another chance t...
Altria ( MO ) has seen some tough times in recent years. While the story and long-term demand discussion on smoking has been well documented, the company has been aggressive to make moves into cannabis and e-vapor in recent times, yet that has caused real headaches as well. Late 2018 I co...
Welcome to our Weekly Cannabis Report, a reliable source for investors to receive the latest developments and analysis in the cannabis sector. Trading Summary Cannabis stocks continued to fall last week. The Horizons Marijuana Life Sciences Index ETF ( HMLSF ) fell 3.5%, the ETFMG Alternat...
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 ...
January 30, 2020 Palm Beach, FL –January 30, 2020 – A decade ago, almost nobody had heard of CBD aside from a handful of researchers. Today it’s a different story. The expanding CBD market is estimated to grow at an explosive rate – from $5 billion in 2019 ...
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 ...
Last year was one to forget for cannabis stock investors. Hopes were certainly high once the first quarter ended, with more than a dozen pot stocks advancing by more than 70%. The expected launch of cannabis derivatives, along with ongoing legalizations in the U.S., was forecast to lead to much-...
TORONTO, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) will hold its 2019 Fourth Quarter and Full-Year Earnings Conference Call on Thursday, February 27, 2020 at 8:30 a.m. EST. Cronos Group...
Welcome to our Weekly Cannabis Report, a reliable source for investors to receive the latest developments and analysis in the cannabis sector. Trading Summary Cannabis stocks pulled back last week. The Horizons Marijuana Life Sciences Index ETF ( HMLSF ) fell 6.4%, the ETFMG Alternative Ha...
To say that things did not go as planned for marijuana stock industry in 2019 would be an accurate statement . High tax rates in select U.S. markets, and persistent supply problems throughout Canada, allowed an already resilient black market to prosper in North America. This, in turn, wound up ...
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The medical cannabis packaging market is undergoing rapid expansion, forecasted to catapult from $6.5 billion in 2023 to a staggering $117.2 billio...