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…
Is Canopy Still the Top Canadian Cannabis Company After Earnings?
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 Stocks Soar Again Today
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…
Why Aurora Cannabis, Canopy Growth, and HEXO Shares Are Jumping Today
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%…
Canopy Growth: Sell, Buy or Hold?
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…
This Cannabis Stock Gained, While Most Sank Last Week
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…
