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The Daily Hit is a recap of the top cannabis business stories for June 21, 2022. ON THE SITE Juva Life Gets $11 Million in Pelorus Equity Deal Privately owned Pelorus Equity Group has closed an $11.8 million financing with Juva Life Inc. (OTC: JUVAF), a life science co...
Cannabis REITs - a perennial performance leader over the past half-decade - have been slammed in 2022 amid concerns over tenant financial health given the sharp re-pricing of risk and tighter financial conditions. Owning the "Pharmland" - the physical real estate - had been one of the...
Canadian cannabis company Cronos Group (NASDAQ:CRON) and Ginkgo Bioworks (DNA), a U.S.-based developer of platforms for cell programming announced on Tuesday the achievement of the third target productivity milestone in their collaboration to produce cultured cannabinoids. Using Ginkgo’...
TORONTO and BOSTON, June 21, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ("Cronos"), an innovative global cannabinoid company, and Ginkgo Bioworks (NYSE: DNA) (“Ginkgo”), the leading horizontal platform for cell programming, today announce...
Altria Group (NYSE: MO) shares have been beaten down recently because of a downgrade from Morgan Stanley. However, the company remains profitable and financially stable. But even with its dividend hovering around a suspiciously high 7.3%, the company boasts several key strength...
FN Media Group Presents Microsmallcap.com Market Commentary New York, NY – June 16, 2022 – Thailand made headlines last week when it became the first country in Asia to decriminalize marijuana, making it legal to grow and sell or use for medicinal reaso...
Top Canadian Cannabis Stocks And Current Market Volatility Marijuana stocks have been declining as the overall market established new 52-week lows in June. The best cannabis stocks have reached new lows this week, and Canadian pot stocks have been hit the hardest. Following the ...
Green Thumb Industries is a top cannabis operator in the United States. The company grew at a 60% clip last year - yet the stock trades at only 4x revenues. The low valuation is largely due to the lack of institutional capital. Retail investors do not have the same restriction...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips These high-yield dividend stocks have enough earnings to cover the dividends and make these stocks secure. The companies have what is known as a low payout ratio — the comparison between the cost of dividends and the...
Aurora Cannabis plunged 54% at the end of May. This was due to an expensive bought deal offering that came even as the company boasted a net cash position. Management has guided for positive adjusted EBITDA within 3 quarters. The stock is cheap relative to Canadian peers. ...
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The organizers of a new ballot initiative in North Dakota to legalize recreational cannabis submitted their petition signatures on July 5, 2024. This step sets the stage for another potential statewide vote on a matter that voters and state lawmakers have previously turned down. Steve Bakken,...