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Recently, shares of Aurora Cannabis (ACB) have had a bumpy ride but this week we saw some good news released for the company… First, on Wednesday, November 27th Aurora Cannabis announced that they opened the largest cannabis retail store in…
When the year began, expectations for the cannabis industry were off the charts — and the performance of pot stocks during the first quarter confirmed it. The Horizons Marijuana Life Sciences ETF, the first cannabis-focused exchange-traded fund, galloped higher by…
When the year began, investors expected the world of marijuana stocks. Canada had just become the first industrialized country in the modern era to legalize adult-use weed in Oct. 2018, and it was believed that Health Canada would green light…
It’s been a rough summer and fall for Canadian cannabis stocks. Valuations are at two-year lows. Cannabis companies reported losses and trimmed expansion plans. Then the vaping crisis hit, sending shares tumbling even further. In the markets, sometimes promising investments…
Last week, some of the top Canadian pot companies released their quarterly earnings reports, and every single one of them performed worse than expected. Leading this mediocre showing that horrified investors was Canopy Growth (NYSE:CGC)…
Cannabis investors received some exciting news this week. The U.S. House Judiciary Committee — which is charged with overseeing the administration of justice within federal courts and law enforcement agencies — approved a bill on Wednesday that decriminalizes marijuana at…
Shares of Canopy Growth (NYSE:CGC) were jumping 15% higher as of 11:51 a.m. EST on Wednesday, with two of its peers also enjoying nice gains. Aurora Cannabis (NYSE:ACB) shares were also up 15%, while shares of HEXO (NYSE:HEXO) rose 8.8%…
Last week, Canopy Growth reported Q2 2020 earnings for the period ending September 30, 2019. The company reported an adjusted EBITDA loss of $155.7 million versus $96.1 million that was expected by analysts. However, revenue came in at just $76.6 million…
Cannabis stocks, which have largely been in a downtrend since the spring, had a particularly bad week. Most of the major stocks in the group suffered double-digit percentage losses in a week where the broader market returned nearly 1%. The…
One year ago, it looked as if the cannabis industry would not be stopped. Canada had just become the first industrialized country in the modern era to legalize recreational marijuana, derivative products were expected to be launched by no later…
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