Cannabis Business by Joe Caltabiano Companies in need of capital have a wealth of options in how they can raise it. From traditional bank loans to venture funding, line-of-credit accounts to angel investors, the sourcing choices are numerous. But that doesn’t mean they’re all equally available in all markets at all times. And right now, […]
Cannabis Investments
Pot producer Canopy Growth’s loss bigger than expected
Canopy Growth Corp (WEED.TO), (CGC.N) on Friday reported a bigger-than-expected quarterly loss as its recreational cannabis business lost market share due to delayed product launches and the company abandoned a profitability target. Its U.S.-listed and Canadian shares ended down about 21% as the company withdrew its forecast of becoming EBITDA positive by the end of […]
Bankruptcy, Receivership and Cannabis Insolvency
As I started to write this article, the economy was still booming, despite the expectation of an impending adjustment in the market. Now, amidst the global COVID-19 pandemic, I still intend to share my thoughts surrounding bankruptcy and receivership in the cannabis industry, as I believe they are highly relevant in these uncertain times. The […]
Tips for Investors to Mitigate Risk in Cannabis Cultivation
Cannabis is becoming an increasingly popular sector for investors, with more than $10 billion invested in the North American cannabis industry in 2018, and projections for final 2019 numbers hovering around $16 billion. That isn’t to say the market hasn’t been without its ups and downs, with more recent troubles in new deals and mergers […]
Canopy Growth to cut more costs after smaller-than-expected loss
Canopy Growth Corp WEED.TO on Friday reported a smaller-than-expected loss in the third quarter, as the Canadian pot producer kept a tight lid on costs amid growing investor pressure to turn in a profit. U.S.-listed shares of the company rose over 15% in premarket trading. Late last year, major shareholder Constellation Brands Inc’s STZ.N finance head David Klein took […]
Is Aurora Cannabis the Titanic of Marijuana Stocks?
Comparing any stock to a ship probably isn’t the best analogy. However, I couldn’t help thinking of the Titanic after seeing some of the headlines over the last couple of months about Aurora Cannabis (NYSE: ACB). For example, in December one analyst declared a one-year price target for Aurora of… $0. That’s not a typo. GLG Research’s Gordon Johnson predicted […]
Are Marijuana Stocks Suddenly in Delisting Danger?
At this time last year, cannabis stocks were one of the hottest investments on Wall Street. That’s because Canada, just a month earlier in Oct. 2018, had become the first industrialized country in the modern era to legalize recreational marijuana. Our northern neighbor also looked to be on track to give the OK to derivative […]
Tilray (TLRY) 3rd Quarter Earnings: What to Expect
Can marijuana stocks fly high again? It’s been a rough year for the cannabis industry as doubts over legalization has caused investors to rethink interest in the sector. And Tilray (TLRY), which had a stock price of $140 a year ago this month, has been one of the toughest stocks hit. Today Tilray is trading at […]
Cannabis Faces Significant ESG Risks
Industry would be wise to adopt sustainable practices from the beginning. By Jon Hale, Ph.D., CFA It’s not often that an entirely new legal industry springs up practically overnight after having been mostly illegal for decades, but that’s what is happening with cannabis today. Unlike most emergent industries, for which long-term survival cannot be […]
Feeling burned: The first year of legal cannabis has been a complete disaster for investors
Shares of the 10 largest Canadian cannabis producers have been bludgeoned, yielding an average negative return of more than 57% The legalization of cannabis in Canada was supposed to be a catalyst — the most powerful one yet, investors and analysts alike thought — that would launch companies in the young but potent industry to […]
