|Bid||7.91 x 0|
|Ask||7.95 x 0|
|Day's Range||7.65 - 8.13|
|52 Week Range||6.21 - 16.24|
|Beta (3Y Monthly)||2.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 15, 2019 - Sep 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.05|
Cannabis companies that have made acquisitions at the height of excitement about Canadian legalization last year may be facing some big goodwill writedowns.
Cannabis stocks rose for the first time in three sessions Friday, reversing some of the losses that were driven by disappointing earnings with Aurora leading the pack with a 5% gain.
The bellwether marijuana stock delivered a very disappointing quarter, and Tilray's latest wasn't much better. Aurora Cannabis, meanwhile, gets to borrow a bit more money.
Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.
Despite Aurora Cannabis providing higher-than-expected guidance for fiscal 2019's fourth quarter early this year, its stock has fallen 25.6% this month.
Since Andrew Yang announced his presidential run, he's advocated for cannabis legalization. He says existing cannabis policies are "deeply racist."
Aurora Cannabis (ACB) announced that it's increasing its secured credit facility to 360 million Canadian dollars from $200 million Canadian dollars.
Piper Jaffray likes several U.S. cannabis stocks and one Canadian pot stock better than Aurora. Here are the analyst's picks -- and why they're good ones.
CALGARY , Aug. 15, 2019 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (HITI.CN) (HITIF) (2LY.F), an Alberta -based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that the Canna Cabana retail store located at Unit #310, 4602 46th Street in the city of Olds (the "Olds Store") received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis ("AGLC") and has begun selling recreational cannabis for adult use. Inclusive of the Olds Store, High Tide currently has 17 branded Canna Cabana locations selling recreation cannabis products across Canada .
Canada's Aurora Cannabis Inc. said Thursday it is increasing the size of a secured credit facility to C$360 million ($280 million) from C$200 million. The Edmonton, Alberta-based company said it has secured commitments from an expanded syndicate of lenders led by BMO. The additional borrowing consists of an term loans and a revolving credit facility, both of which mature in August of 2021. Shares fell 3.6% premarket, but have gained 23% in 2019, while the ETFMG Alternative Harvest ETF has gained 9% and the S&P 500 has gained 13.3%.
Aurora Cannabis Announces Upsizing of Credit Facility to Approximately C$360 Million (US$280 Million)
Investing.com – Tilray slumped Wednesday after more than tripling its cannabis sales in the second quarter, but at lower prices, prompting a wider-than-expected loss, leaving traders with little choice but to say "no" to weed stocks.
Canopy Growth (CGC) (WEED) is scheduled to announce its results for the first quarter of fiscal 2020 after the market closes on Wednesday.
Analysts expect Tilray to report revenues of $176.6 million and $358.3 million in 2019 and 2020, respectively. Tilray stock rose 8.4% before its earnings.
Cannabis stocks are mostly higher as the broader market rallies back amid an easing of China trade fears, with Aurora Cannabis looking soft after Piper Jaffray initiated coverage with a neutral rating, citing its rich valuation.
Piper Jaffray has rated Cronos Group as “overweight.” The investment company has given Cronos Group a 12-month price target of $18.
VANCOUVER , Aug. 13, 2019 /CNW/ - Hempco Food and Fiber Inc. ("Hempco") (HEMP.V) is pleased to announce that at today's special meeting of shareholders of Hempco (the "Meeting"), it received overwhelming support in favour of the previously announced proposed transaction with Aurora Cannabis Inc. ("Aurora") (ACB) (ACB.TO), wherein Aurora has agreed to acquire all issued and outstanding common shares of Hempco not already owned by Aurora by way of a plan of arrangement (the "Arrangement"). Of the votes cast, more than 98.84 percent of Hempco shareholders who voted were in favour of the proposed transaction (93.66% after excluding the votes cast by Aurora whose votes may not be included in determining minority approval for the Arrangement pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions) ("MI 61-101").