|Bid||0.00000 x 0|
|Ask||0.00000 x 0|
|Day's Range||10.76773 - 11.45000|
|52 Week Range||2.11000 - 12.30000|
|Beta (3Y Monthly)||2.00|
|PE Ratio (TTM)||100.32|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The cannabis business has been on fire lately, and there’s one area in the space that could still have serious potential to heat up: edibles, according to a new report by Arcview Market Research.
HENDERSON, NV / ACCESSWIRE / October 15, 2018 / A fascinating biotechnology firm PPCB (Propanc Biopharma, Inc.) erupted for over 7000% in the between late August and early September going from a low of $0.0039 to a high of over $0.28, the stock is still holding a substantial gain of 1795% as of the close on Friday. PPCB may start receiving increased attention from the street at any moment. PPCB has a 52 week high of $0.77.
CORAL GABLES, FL / ACCESSWIRE / October 15, 2018 / Rep. Dana Rohrabacher, California Republican, stated this past Thursday that President Trump has the intentions to work towards legalizing medical marijuana on a federal level following next month's midterm races. The Trump administration has made a "solid commitment" to change marijuana regulations, and the president has expressed his views in support of federally legalizing the cannabis for medical use, Mr. Rohrabacher told Fox Business Channel. "I have been talking to people inside the White House who know and inside the president's entourage," Mr. Rohrabacher stated, Fox Business reported.
Last week, the overall cannabis sector ended in positive territory. The Horizons Marijuana Life Sciences ETF (HMMJ) rose 3.1% between October 5 and October 12. The Emerging Marijuana Growers Index ETF (HMJR) rose 2.2% during the same period. Let’s look at how the cannabis stocks performed last week.
Pot stocks have been absolutely on fire over the past few months. It all started with beverage giant Constellation Brands (NYSE:STZ) pouring $4 billion into leading cannabis company Canopy Growth (NYSE:CGC) on August 15, a sign that big money was finally moving into the nascent cannabis sector. Pot stocks have been on fire ever since.
HENDERSON, NV / ACCESSWIRE / October 11, 2018 / Cannabis and Biotech companies have been receiving increased attention from the street as of late. One particular company that has caught significant attention ...
On October 10, Reuters reported that tobacco giant Altria is in discussions with Aphria (APHQF) about acquiring a stake in the company. The initial round of investments would give Altria a minority stake in Aphria with the possibility of acquiring a majority stake. Following the news, Aphria stock gained 15.2% to close the day at 20.1 Canadian dollars as investors rushed to capitalize on the opportunity.
Cannabis for recreational adult use will be legal in Canada on October 17. While enthusiasts are anticipating the big day, enforcement authorities in Canada are bracing for unanticipated challenges. Aware of those challenges, Canopy Growth (CGC) (WEED) is partnering with Uber and MADD in a national campaign to create awareness related to impaired driving.
On October 9, Canopy Growth (CGC) (WEED) announced that it has completed a legal transfer of medical cannabis to the United States for the sole purpose of research related to medical product development. Canopy Growth is the second company to do so after Tilray (TLRY) announced last month that it received approval from US regulators to export its cannabis products for medical research.