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Investors would probably struggle to find a faster-growing industry at the moment than legal marijuana. With a double-digit compound annual growth rate over the next decade, cannabis may offer patient investors incredible returns . But the thing is, the marijuana space is incredibly crowded. T...
Investment thesis Over the past three months, I’ve reviewed the financial statements of more than 50 companies in the evolving cannabis/marijuana sector. Many of these companies recently went public in Canada because of less stringent listing requirements and lower costs. Many of th...
Origin House Announces Additional C$15 Million Tranche of Debt Financing from Opaskwayak Cree Nation Canada NewsWire OTTAWA, Sept. 20, 2019 OTTAWA , Sept. 20, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) (" Origin House " or the " C...
Even though marijuana stocks haven't had investors seeing much green of late, it's an industry with nearly unparalleled growth opportunities over the next decade. After more than tripling worldwide sales between 2014 and 2018 to $10.9 billion, according to Arcview Market Research and BDS Analy...
All dollar figures are U.S. dollars except when discussing the share offering and warrants, as indicated. Source: Cresco Labs presentation. Cresco Labs ( CRLBF ) made a dual-announcement Monday morning: A $283 million acquisition and a stock offering for up to $64.6 million (C$84.5 m...
For years, the words "value" and "cannabis" pretty much didn't belong in the same sentence. That's because marijuana stock valuations were going through the roof on nothing more than promises of industrywide growth once Canada, and eventually the U.S., legalized the drug. Today, however, it's...
Cresco Labs Inc. (“ Cresco Labs ”) (CSE: CL) (OTCQX: CRLBF) and CannaRoyalty Corp. d/b/a Origin House (“ Origin House ” and together with Cresco Labs, the “ Companies ” – CSE: OH, OTCQX: ORHOF), both announced today that, effective Septembe...
Cresco Labs (CSE: CL ,OTCQX:CRLBF) is planning to further its stake in Nevada and Arizona with a US$282.5 million acquisition of a vertically integrated seed-to-sale cannabis company. On Monday (September 16), the medical marijuana multi-state operator (MSO) announced it would be adding ce...
In case you haven't noticed, marijuana is budding into a big-money business . Last year, the legal weed industry generated a whopping $10.9 billion in worldwide sales, and by the end of the next decade we could be talking about as much as $200 billion in annual revenue. Though the entire world...
Source: TMX Money. MedMen 's ( MMNFF ) acquisition of PharmaCann has been tacitly approved by the Department of Justice's antitrust division. Some hurdles remain before the deal can be completed, including a shareholder vote and satisfying regulators in Illinois and New York. The bigges...
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What a difference a year can make. At this time last year, the marijuana industry was fully expected to see its rapid sales growth result in recurring profitability within a year's time. Further, ongoing state-level legalizations in the U.S., coupled with the launch of derivative pot products i...
During the past trading week (January 6 to 10), the CEO of a large Canadian cannabis company left his role after the company experienced a massive drop in value during his time at the helm. Two other Canadian marijuana firms looked into dumping some of their operational as...
Since the Canadian Securities Exchange (CSE) launched the CSE25 Index in 2017 , cannabis stocks have continued to hold onto the top spots on the list. The CSE25 is a subsection of the CSE Composite Index, and is made up of the 25 biggest stocks by market cap contained within that larger ind...