The U.S. election opened a small but noteworthy gap between Canadian and U.S. cannabis companies last week, underscoring all of the unanswered questions that investors face as access to pot spreads across the world’s largest economy. New Jersey, Arizona, South Dakota and Montana voted to legalize recreational use last week, while Mississippi and South Dakota […]
canada marijuana
Aurora Cannabis Forecasts Sales At High End, But Marijuana Stocks Fall
Aurora Cannabis stock fell on Friday, even as the Canadian cannabis producer said it expects fiscal first-quarter sales and adjusted margins to come in at the high end of its expected range. Other marijuana stocks were mixed. The company sees fiscal first-quarter net sales coming in at the upper end of expectations for 60 million to 64 million […]
When Will U.S. Marijuana Stocks Be Profitable?
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. […]
Marijuana Stocks: Aurora Cannabis Forecasts Lower Sales As New CEO Steps In
Aurora Cannabis stock fell hard after hours after the Canadian pot producer forecast falling cannabis sales in the current quarter, while net sales for its fourth quarter came in slightly below estimates. The company reported the Q4 results and Q1 outlook after it named a new CEO this month — part of an effort to […]
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 […]
Marijuana vending machines coming to Massachusetts
A new kind of vending machine is coming to Massachusetts — a self-checkout kiosk for cannabis dispensaries. Boston-based anna, which also has a presence in Colorado, announced this week that it would deploy its self-checkout products in two Colorado dispensaries this week. The company is expected to launch in Massachusetts in September, deploying 14 units […]
BevCanna and Argentia Gold to bring line of cannabis-infused beverages to the Atlantic provinces
BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), a dominant player in the infused cannabis beverages industry, said Thursday that it has finalized a deal with Maritime-based licensed cannabis producer Argentia Gold Corp to exclusively represent BevCanna’s line of cannabis-infused beverages in Newfoundland, Prince Edward Island (PEI) and New Brunswick. The two companies have signed a definitive agreement […]
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 […]
Canada Marijuana Dispensary Count Tops 1,000 For the First Time
In less than two years after the country legalized recreational cannabis, Canada has reached an important milestone. According to a report in BNN Bloomberg, the country’s dispensary count crossed the 1,000 mark as of July 17, landing at 1,010. Of all the country’s provinces and territories, Alberta in the West has the highest number, at […]
Canada’s Aurora Cannabis surges after making a CBD deal to enter the lucrative U.S. market
Aurora Cannabis has agreed to buy U.S.-based CBD company Reliva, giving the struggling Canadian company a business foothold in America. Shares of Aurora closed off nearly 13% ahead of the Wednesday afternoon announcement. The stock surged higher in after-hours trading. However, over the past 12 months, Aurora has lost nearly 90% of its stock market value […]
