|Bid||8.530 x 800|
|Ask||8.540 x 1300|
|Day's Range||8.367 - 8.750|
|52 Week Range||5.120 - 15.300|
|Beta (3Y Monthly)||4.04|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Investor excitement about the legal marijuana industry has reached outsized proportions. In recent months, and in particular after Canada's move to legalize recreational pot use for adults in October of this year, the burgeoning industry seems to have taken off. Investors have poured money into a growing list of companies in an effort to get in on the ground floor of the new space.
CORAL GABLES, FL / ACCESSWIRE / November 21, 2018 / Many marijuana stocks have seen a rally in the stock market this month. Constellation Brands (STZ) broke the ice last year and further this year with its billion dollar investments into the space. "We believe this represents a unique growth opportunity and through our partnership with Canopy, we are well-positioned to take a leadership role as this market continues to evolve," said Constellation CEO Rob Sands.
Cannabis stocks reversed their early losses Tuesday to trade mostly higher, shrugging off the rout in the broader market which was falling as investors continued to sell off technology and internet stocks. Canopy Growth Corp. led the gainers, adding 2.9% in midmorning trade. Canopy is viewed as one of the stronger players in the new sector, thanks to a $4 billion investment from drinks giant Constellation Brands Inc. . Cronos Corp. was up 3.1%. Tilray Inc. was up 1.8% and Aphria Inc. was up 1.4%. Aurora Cannabis Inc. was up 2.1%, and Green Organic Dutchman Holdings was up 4.1%. The ETFMG Alternative Harvest ETF was up 0.6% and the Horizons Mariujana Life Sciences ETF was up 1%. The S&P 500 was down 1.4% and the Dow Jones Industrial Average was down 1.7%.
POINT ROBERTS, Wash. and LAS VEGAS, Nov. 19, 2018 (GLOBE NEWSWIRE) -- www.Investorideas.com, a global news source covering marijuana and hemp stocks and its cannabis podcast site www.potcasts.ca report from Las Vegas at this year’s biggest MJBizCon show to date, from the first ever Podcasters Row. Since it was founded seven years ago, MJBizCon has grown to become the largest trade show in the cannabis industry. This year’s record attendance was a notable reflection of the sectors growth and all the industry professionals on the floor were impressed.
/ Marijuana stocks saw a trend last week. Since Canada's legalization, a number of new industry events have happened. This includes a few new states in the US making a move toward marijuana legalization.
After a week of earnings reports from some of the largest cannabis producers in Canada and a month of legal marijuana, a clear picture has emerged: the shortages the country experienced on the first day of recreational legalization occurred, in large part, because the heavyweights didn’t ship very much pot.
NEW YORK, NY / ACCESSWIRE / November 19, 2018 / U.S. equities finished mostly in the green on Friday as investors digested comments from President Donald Trump, expressing confidence in resolving the current ...
CORAL GABLES, FL / ACCESSWIRE / November 16,2018 / Many marijuana stocks saw a strong rebound in price on Thursday. A lack of supply in Canada helped to contribute to this move. As of November 7, US Attorney General Jeff Sessions is out and an interim AG is in.
CORAL GABLES, FL / ACCESSWIRE / November 15, 2018 / Marijuana stocks saw a trend reversal on Thursday. Shares of many cannabis stocks that were hit hard over the last few weeks have managed to turn around in price. Since Canada's legalization, a number of new industry events have happened.
Although many investors have felt optimistic about the future prospects of the Canadian cannabis space since the country moved to legalize recreational marijuana use last month, rising stock prices are far from a sure thing. According to CNBC, Left explained to Halftime Report host Scott Wapner that he is short such big names in the Canadian cannabis space such as Canopy Growth Corp. ( CGC), Cronos Group ( CRON) and Tilray Inc ( TLRY).
Shares of Canadian cannabis producer Tilray Inc. ( TLRY) are down over 5.5% in early trading on Wednesday following the British Columbia-based company's most recent quarterly earnings report. Tilray posted revenue up 86% YOY to $10.05 million, just short of the consensus at $10.1, according to FactSet. "The cannabis industry remains very robust and we are pleased with our revenue momentum and strategic achievements in the third quarter," said CEO Brendan Kennedy in a statement.
HENDERSON, NV / ACCESSWIRE / November 14, 2018 / The current market correction has hit every sector including cannabis. Despite impressive news across many of the sector’s leaders, stocks are down across ...
NEW YORK, NY / ACCESSWIRE / November 14, 2018 / Cronos Group shares were in the red despite announcing a revenue jump in the third quarter yesterday. Shares of Aurora Cannabis were also in the red after reporting earlier in the week that earnings grew by 2,800% in the first quarter. Cronos Group Inc. shares were down 1.66% on Tuesday on a little under 8.5 million shares traded.
Investing.com - Marijuana company Cronos posted a loss Tuesday, turning investor sentiment on weed stocks hazy ahead of several names in the sector set to report earnings this week.
CORAL GABLES, FL / ACCESSWIRE / November 13, 2018 / Gallup has been conducting surveys on the public's opinion toward marijuana since the 1960s. This was the year before California became the first state to legalize medical marijuana for "compassionate" use. As consumer sentiment continues to support a legal market and, more importantly, entire countries like Canada go fully legal, investors have been eyeing new opportunities that this market is offering.
The company reported a 213% increase in the cannabis it sold to 514 kilograms thanks to an increase in production capacity and increased volumes sold through Canadian medical and international channels.
Vancouver-based Aurora Cannabis reported sales up 260% over the most recent 12 months, alongside a 400% increase in pounds of cannabis produced to reach more than 11,000 pounds. After the Canadian Cannabis Act took effect on Oct. 17, Aurora completed its first shipments to Canadian provincial wholesalers of the adult use market just before the end of the current quarter, recording $0.6 million in adult-use cannabis sales.
HENDERSON, NV / ACCESSWIRE / November 13, 2018 / Last Tuesday's election was great news for cannabis companies. With Michigan approving recreational marijuana and several other measures passing investors ...
Powered by Canadian recreational marijuana sales, Cronos Group Inc. revenue tripled as the weed producer swung to a loss, according to quarterly results the company reported early Tuesday.
Canopy Growth stocks down on earnings report. Yahoo Finance Seana Smith, Adam Shapiro, Dan Roberts and Bruce Linton, Canopy Growth CEO discuss.
Yahoo Finance's Julie Hyman highlights today's stocks on the move in midday trading.