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 […]
Nasdaq
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 […]
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 […]
Marlboro maker said to be in talks to buy Canadian marijuana producer
Marlboro cigarette maker Altria Group Inc. is in early stage talks to acquire Canadian cannabis producer Cronos Group Inc., as it seeks to diversify its business beyond traditional smokers, people familiar with the matter said on Monday. Canada this year legalized recreational use of marijuana and is seen as a testing ground for pot companies […]
A Cannabis Company Is Set To List On NASDAQ For The First Time
A major Canadian licensed weed producer has obtained approval from the Securities and Exchange Commission to begin trading on the NASDAQ — it will be the first marijuana company to be listed on a U.S. stock exchange. Cronos Group, which is already listed on the Toronto Stock Exchange is expected to begin trading its shares […]
Here’s Why MassRoots Got Rejected by the NASDAQ
This week, MassRoots Inc. (MSRT), one of the biggest and fastest expanding technology platforms for the marijuana industry, received notification that NASDAQ had denied the Company’s application for listing. MassRoots, which launched in 2013, models itself as a Facebook for cannabis users. It also allows weed in its workplace. The Company filed for an up listing from […]
NASDAQ Rejects MassRoots Bid to List Itself on the Exchange
MassRoots, which operates a social network for marijuana enthusiasts, is crying foul over Nasdaq’s decision to reject its request to sell stock on its exchange. Nasdaq cited concerns that law enforcement could consider the company as aiding and abetting the distribution of an illegal substance. The Denver-based company plans to appeal the decision to the […]
