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 […]
Aphria
Aphria, Aurora And Other Big Ag Cannabis Companies Pull Out Of Jamaica
Canadian Licensed Producers (LP) of cannabis are leaving Jamaica in droves, due in part to stalled governemental decisions on export licenses. Aphria (TSE: APHA), is “halting all further investments in Latin America and the Caribbean,” said a former employee exclusively to Sara Brittany Somerset for Forbes online. Approximately 200 former Aphria employees were laid off […]
The Fastest-Growing Marijuana Stocks in 2019
The marijuana industry produced about as bifurcated a year as investors could have imagined in 2018. By the time the curtain closed, validity had been gained like never before, but pot stocks had been absolutely leveled. On the bright side, Canada became the first industrialized country in the world to legalize recreational pot in October, with […]
Alcohol broker Southern Glazer’s partners with Aphria to sell weed
Bacardi broker to launch new cannabis distribution company to represent Aphria products to retailers and regulators across the country The Canadian arm of alcohol distributor Southern Glazer’s Wine & Spirits LLC is entering the cannabis market by launching a marijuana-focused broker and partnering with licensed producer Aphria Inc. The new company, Great North Distributors Inc., […]
Colorado House Bill 1011 could have ramifications world-wide in the Cannabis Industry
Over the last year plus, industry players in Colorado have been lobbying the legislature hard to allow for out-of-state ownership stakes that could change the capital raise game and allow many of the companies that have built significant cannabis license portfolios to be on a level playing field with other states like California and Nevada […]
The 7 Largest Marijuana Stocks All Have This Dubious Statistic in Common: These are some lofty valuations with little to show for it.
Seemingly nothing can stop the marijuana industry, or marijuana stocks, at the moment. Over the past couple of years, we’ve witnessed a number of major milestones for the cannabis industry. For example, in 2012, Colorado and Washington became the first states where a majority of voters legalized the sale of recreational marijuana to adults ages […]
Marijuana Wreaks Havoc on Canadian Stock Market Yesterday
On Wednesday morning, six companies had their TSX trading halted after they tripped a circuit breaker during a massive spike in their stock prices. The breakers are tripped when a stock climbs more than ten percent in five minutes. The companies that tripped the breaker were Aphria, Aurora Cannabis, Mettrum Health Corp, OrganiGram, Canopy Growth, […]
