Investing in the marijuana industry over the past two years has been quite the trip. Through March 2019, North American pot stocks were unstoppable. With tens of billions of dollars in black market sales occurring each year, investors appeared to be sold on the idea of these illicit sales steadily moving over to legal channels. […]
Cannabis Investments
The 10 Best Marijuana Stocks in August
For the past 17 months, it’s not been easy to be a marijuana stock investor. While there’s little question that cannabis can be one of the fastest growing industries this decade, every industry needs time to mature. Right now, pot stocks are navigating their way through that maturation phase — and let’s just say it hasn’t […]
Tilray Misses After Top Marijuana Stock Canopy Growth Beats
Marijuana stocks reported mixed results Monday, as Tilray’s (TLRY) Q2 loss was far worse than forecasts, while Canadian cannabis giant Canopy Growth (CGC) beat fiscal Q1 views. The companies report results as Canada’s marijuana industry deals with lower weed prices — as rivals feed the market with cheap brands to compete with illegal sales — […]
Cannabis producer Aphria posts bigger-than-expected loss
Canadian pot producer Aphria APHA.TO, <APHA.O> on Wednesday posted a bigger-than-expected quarterly loss and took impairment charges on some foreign assets, as coronavirus-related lockdowns disrupted tourism and supply chains. U.S.-listed shares of the company fell about 4% in premarket trading. Lack of profitability has been a major concern for cannabis investors as companies have largely failed to […]
Why Marijuana Stock Curaleaf Shot 11% Higher on Monday
What happened Curaleaf Holdings (OTC: CURLF) shares rose more than 11% on Monday on news of a fresh acquisition. The company announced that it is now the holder of the exclusive rights for the All Rebels Rockers dispensary license in Arizona, which it acquired from a Chicago-based cannabis purveyor, privately held Grassroots. Curaleaf did not specify what […]
Should cannabis companies get out front on leaseback plans?
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, […]
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 […]
