|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.2300 - 1.3000|
|52 Week Range||1.2300 - 4.1800|
|Beta (3Y Monthly)||2.52|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Emerald Health Therapeutics achieved positive adjusted EBITDA of $1.9 million, up by $5.4 million from the first quarter. During the second quarter, Emerald Health Therapeutics worked on improving the success of Pure Sunfarms, completing the licensing endeavors of its facilities, enabling the extraction of THC and CBD oil, and starting the distribution of new non-cannabis products that can inflect the endocannabinoid system to advance consumer’s health. The company also appointed Riaz Bandali as the new CEO.
Editor's note: This story was previously published in April 2019. It has since been updated and republished.Invariably, no other investment class generates as much interest and controversy as marijuana stocks. Within a generation, public sentiment toward legalization shifted dramatically from strongly opposed to mostly supportive. This is largely due to demographics, as the more progressive millennials replace older Americans in positions of influence.Additionally, marijuana stocks represent a viable economic channel that can help bridge the gap for many states' financial issues. For instance, green-friendly Colorado enjoys significant tax revenues from its botanical industry. I don't see this trend changing for the worse anytime soon, as awareness and popularity is only increasing.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Under $7 to Invest in Now Of course, cannabis isn't without its controversies. Primarily, the federal government classifies marijuana as a Schedule I drug, putting it on par with hardcore narcotics like cocaine. Thus, no matter how liberal some states become toward their agricultural ambitions, the specter of federal oversight and crackdowns keeps many entrepreneurs and businesses away. * 7 Biometric Stocks to Watch as AI Rises However, we have one critical exception to the rule: marijuana stocks that specialize in medicinal and therapeutic benefits. For one thing, medical cannabis mitigates the stereotypical image of potheads and general no-gooders. Plus, people experiment with pharmaceuticals all the time. Why not allow these same patients the choice for natural alternatives?More critically for marijuana stocks, the medicinal aspect offers the best chance for international acceptance. Currently, very few jurisdictions allow recreational weed. Given the abundance of traditional and conservative nations, a green world is unlikely. But as Thailand and South Korea demonstrated, medical cannabis is a much easier sell.As a result, you want exposure not just to marijuana stocks, but also to the therapeutic element. Here are 10 names to consider: AbbVie (ABBV)Whenever you have a discussion about cannabis stocks, chances are, AbbVie (NYSE:ABBV) isn't the first name you think about. One of the healthcare sector's blue chips, ABBV stock has soared on its vast therapeutic pipeline. We're talking mainstream solutions for common ailments and diseases like arthritis and plaque psoriasis.Source: Shutterstock Still, AbbVie maintains some botanical credibility with its Marinol therapy. A synthetic cannabis-based drug, Marinol addresses chemotherapy-related side effects, such as vomiting or nausea. In addition, it helps restore appetite among AIDS patients.Of course, you should note that Marinol isn't among AbbVie's top-selling products. Therefore, you're only getting limited exposure to cannabis with ABBV stock. But based on the extreme volatility of marijuana stocks, that isn't such a bad gig. Emerald Health Therapeutics (EMHTF)Not that I would know, but growing cannabis allegedly isn't rocket science. With the right conditions, the right equipment and a reasonable car, anyone can grow their stash. But cultivating the plant so that it addresses specific ailments and symptoms? That takes real effort, which is where Emerald Health Therapeutics (OTCMKTS:EMHTF) comes in.Source: Shutterstock Rather than just pumping out the green stuff, Emerald deliberately seeks out the strains most effective in addressing patients' needs. The company provides a wide selection of strains, which range in weight, tetrahydrocannabinol (THC) content, and cannabidiol (CBD) strength. Their impressive portfolio should lift EMHTF stock over the long run, as interest in CBD products accelerates. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What It's important to be careful with pot stocks, though. On a year-to-date basis, EMHTF stock is down nearly 40%. While all cannabis stocks suffer volatility risk, Emerald's concentration on medicinal weed should help mitigate downside pressure. Aurora Cannabis (ACB)I've spent a lot of time discussing Aurora Cannabis (NYSE:ACB), and I don't mean to keep double-dipping into this company. Still, I keep going back for a reason: ACB stock is an excellent play within the medical-marijuana market.A key factor in my bullishness for Aurora is its management team. In my view, they're making smart decisions through their acquisitive strategy.Rather than merely focusing on outright capacity, they're looking out over the horizon. Aurora's buyout of Whistler Medical Marijuana gave the organization significant leverage in medical cannabis due to Whistler's extensive genetics bank.Furthermore, ACB stock is a strong performer. Since the January opener, shares have skyrocketed roughly 70% before plummeting but still has added 24% this year. The inevitable correction should be only temporary. Among marijuana stocks, Aurora is exceptionally well-positioned for sustainable growth. Cronos Group (CRON)One of the top names among major marijuana stocks, Cronos Group (NASDAQ:CRON) naturally attracts a lot of attention. This time, though, they're attracting the wrong kind.Source: Shutterstock Prior to its earnings report for the second quarter, I worried about the company's revenue target.Hit or exceed it, and management can stave off criticism, but speculators looking for a discounted price may want to put CRON stock back on their radar. Since the beginning of March, Cronos has shed more than 28%. However, the magnitude of volatility has declined noticeably in the past few days. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates Plus, Cronos has international legitimacy among medicinally focused cannabis stocks. Featuring partnerships and joint ventures across five continents, the company is ahead of the game. CannTrust (CTST)In business, even the green kind, you can't get ahead of yourself. So while lucrative opportunities exist in the international sector, CannTrust (NYSE:CTST) remains firmly committed to winning its native Canadian market.At the same time, CannTrust can't afford to ignore the rest of the world. Although Canada becoming the first G7 nation to legalize recreational weed generated headlines, our northern neighbors alone can't support this burgeoning industry.Therefore, management has focused on the growth and capacity narrative to compete effectively at home and, later, abroad.To achieve the second leg of this journey, CannTrust teamed up with Denmark's Stenocare to distribute medical cannabis products in that country.It also inked a partnership with an Australian firm for similar distribution arrangements. While it's not the most common name among marijuana stocks, CTST stock provides a risky, but viable, opportunity. Innovative Industrial Properties (IIPR)Most marijuana stocks focus on the industry's front face; namely, production. As I mentioned earlier, marijuana isn't that difficult to grow. So long as you have the green light legally, the physical barrier to entry is relatively short.But the real challenge, though, is finding a consistent source of financing. This is where Innovative Industrial Properties (NYSE:IIPR) lends a helping hand.Despite momentum toward legalization, several financial institutions shy away from cannabis ventures.Innovative Industrial plugs the gap, offering critical capital through its leaseback business model. * 10 Stocks to Buy on the Trade War Dip Thanks to the company's tremendous utility, IIPR stock has lit up the markets. Shares are currently up 123% YTD. Technically, IIPR may have gotten a bit overheated. That said, I wouldn't get too greedy looking for the perfect entry point. Innovative Industrial levers a proven business model that is only increasing in relevancy. Terra Tech (TRTC)Everyone recognizes cannabis stocks for two things: their incredible potential and their equally incredible volatility. Unfortunately, stakeholders of medical-cannabis producer Terra Tech (OTCMKTS:TRTC) find themselves in the latter category.So far this year, TRTC stock is down around 35%.And the bad news doesn't end there. Unlike many other marijuana stocks, Terra Tech has had trouble generating top-line growth.In its most recent earnings report for the second quarter, 2019 the company reported $10.37 million in sales. After two consecutive down quarters, this could signal that TRTC is redeemable.So why take a bet on TRTC stock? First, its vertically integrated organization may facilitate significant efficiencies as political momentum increases. Second, I dig their leadership team. The head execs are experts in finance, which should prove beneficial in properly navigating TRTC across choppy waters. Charlotte's Web (CWBHF)When most people look at Charlotte's Web (OTCMKTS:CWBHF), they're thinking that they missed the boat. After all, CWBHF stock has jumped 78% since the beginning of this year.Source: Shutterstock From the opening price of April, Charlotte's Web shares gained a ridiculous 16%.As much as I love marijuana stocks, I'm fairly certain that this cannabis firm is due for a pullback. But once that occurs, I wouldn't waste too much time squabbling over the granularity.Instead, I'd consider what our own Matt McCall had to say. Thanks to the popularity of CBD, Charlotte's Web's CBD-based products could be distributed across mainstream retail channels. * 10 Cyclical Stocks to Buy (or Sell) Now Unquestionably, such an event would launch CWBHF stock into the stratosphere. Moreover, because most CBD products contain no trace of THC, they don't fall under severe federal guidelines. Therefore, don't get too greedy looking for an ideal price point when CWBHF corrects. Cannabis Science (CBIS)On paper, Cannabis Science (OTCMKTS:CBIS) represents the next evolution among cannabis stocks: pharmaceutical firms that devote their time and research exclusively toward medical marijuana.Not only that, this is a much-needed development that could lift CBIS stock, as well as the entire botanical industry.For decades, people unquestionably trusted the mainstream healthcare and pharmaceutical network.However, the rapidly escalating opioid crisis has proven that well-intentioned medical professionals can lever a tragic impact. One of the underlying causes of this crisis is the addictiveness of prescribed medicines.Organizations like Cannabis Science can potentially mitigate this situation with naturally sourced therapies free of psychoactive side-effects. That's the allure for CBIS stock. However, shares trade for less than .03 cents a pop, so this is only for the risk-tolerant. GW Pharmaceuticals (GWPRF)On a surface level, GW Pharmaceuticals (OTCMKTS:GWPRF) brings a lot of positives to the table. As pioneers among medicinally-concentrated marijuana stocks, they lever substantial credibility.Source: Shutterstock Their Sativex drug for addressing symptoms associated with multiple sclerosis achieved better-than-expected results. This only encourages other companies to pursue cannabis-based therapies for many other diseases.That's the good news. The not-so-pleasant side of the coin, though, is market performance. While no one mistakes cannabis stocks as stable investment platforms, GWPRF stock is rough for even hardened botanical veterans.In December of last year, shares fell off a cliff before rebounding back toward low-earth orbit. Since then, it has added 69% so it's a really volatile stock. * 7 A-Rated Stocks Under $10 So is GWPRF stock worth a look now? Although I like how the company has stabilized, I don't care for its low volume. But GW Pharmaceuticals is a penny stock with underappreciated talents. If you have the nerve and the patience, it's worth your consideration.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Low-Priced Tech Stocks With Great Potential * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * The Era of Car Ownership Is Over. And These 4 Charts Prove It The post 10 Medical Marijuana Stocks to Cure Your Portfolio appeared first on InvestorPlace.
Cannabis Stocks Sink as Market Sentiment DampensCannabis-sector ETFsThe cannabis sector has broadly fallen today as overall market sentiment has been dampened by US-China trade disputes. The Horizons Marijuana Life Sciences ETF (HMMJ) and the
Cannabis Sector Extended Its Losses Last Week(Continued from Prior Part)Cannabis stocks fellLast week, most of the stocks in the cannabis sector ended lower. The Horizons Marijuana Life Sciences ETF (HMMJ) fell ~1.2%, while the ETFMG Alternative
Due to increasing political pressure and public discontent, the pharmaceutical industry, as well as healthcare in general, has gone volatile. For instance, the benchmark exchange-traded fund VanEck Vectors Pharmaceutical ETF (NASDAQ:PPH) is down 4% since the beginning of March. A notable exception? GW Pharmaceuticals (NASDAQ:GWPH) stock.A few days ahead of its second quarter of fiscal 2019 earnings report, GW Pharmaceuticals stock is making a case for itself. A recent series of consecutive upswings should bring April returns back into positive territory. For the year, GWPH is looking at a gain of over 70% from December lows, well above its peers in the sector.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThen again, GWPH stock isn't quite like other pharmaceuticals. As I and my InvestorPlace colleagues mentioned, this is a marijuana company that does pharmaceuticals, not the other way around. Therefore, these shares don't have the same catalysts, nor the same headwinds as traditional sector players.And that has proven to be a good thing right now. With rising furor, politicians, particularly from the left, have expressed outrage at soaring drug prices. Not only that, there's popular Democrats support Senator Bernie Sanders' proposal, the "Medicare for All Act." * 7 A-Rated Stocks That Are Under $10 Since President Donald Trump isn't exactly winning hearts and minds, it's very possible that the Democrats will win the White House. If so, that doesn't bode well for pharmaceutical firms who have gone somewhat dependent on ridiculous drug pricing. However, GW Pharmaceuticals stock remains relatively untouched.Here's the thing: I don't expect this trend to change dramatically. In many ways, GWPH stock is the Amazon (NASDAQ:AMZN) of healthcare: their core ingredient, cannabis, is dirt cheap. Therefore, the underlying company has the ability to disrupt the drug-making industry like no one's business.That's a key consideration as we look toward Q2. GWPH Stock Should Fly on an Incident-free ReportFor its earnings report scheduled for May 6, I'm not expecting much fireworks. I believe that as long as management keeps the metrics in line with what we've seen with other marijuana companies, GWPH stock could fly.Consensus estimates peg earnings per share at a loss of 20 cents. This is right in the middle of individual estimates, which range from a loss of 25 cents to -15 cents. In the year-ago quarter, GWPH delivered a loss of 26 cents.On the revenue side, covering analysts are targeting $26 million. Individual estimates vary wildly here, ranging from $10.8 million to $37 million. In Q2 2018, the company rang up only $3.4 million.Based on everything we've seen from cannabis stocks, I expect GWPH to outperform in sales. More people are open to marijuana than ever before, which explains why sector players have enjoyed a revenue surge. However, I'd like the organization to at least hit its EPS target. As long as there are no ugly surprises here, GW Pharmaceuticals stock should take off.I'm not just saying that from a gut reaction perspective. Medical-cannabis competitors such as Emerald Health Therapeutics (OTCMKTS:EMHTF) and CannTrust (NYSE:CTST) have also performed well in the markets this year. The former is up 38.4% year-to-date, while the latter -- although incurring significant choppiness -- is up over 50% YTD.Plus, management can do a lot of good for GWPH stock with a strong narrative. Unlike companies specializing in recreational weed, GW Pharmaceuticals has the medicinal angle. It also has moral leverage.Essentially, the opioid crisis is an unintended byproduct of the traditional pharmaceutical industry. With its focus on natural treatments, GWPH stock has an edge that its mainstream rivals do not. Strong Tailwinds for GW Pharmaceuticals StockGiven the rancor in the pharmaceuticals space, I'm cautious on most names within the segment. But I have no such reservations for GWPH stock.As I mentioned earlier, this is a disruptive organization. The company is geared toward producing and cultivating a relatively cheap ingredient. In addition, management doesn't have to spend billions in research fine-tuning some exotic concoction in a high-tech laboratory. Instead, they just need to tweak an almost-turnkey product to better address specific symptoms.Better yet, cannabis has a long history of medicinal usage. It's virtually guaranteed that GWPH will avoid an epidemic like the current opioid crisis. Plus, with non-psychoactive cannabis products like cannabidiol, or CBD, gaining traction, management has further leverage and options.Finally, policies like the Medicare for All Act benefit GW Pharmaceuticals stock. Again, cannabis is cheap, and the company is built around this cheap product. It's dissimilar to mainstream drug-makers, who are accused of growing fat on ill-gotten gains, and are now facing a comeuppance. Under this backdrop, I believe GWPH deserves your serious consideration.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 U.S. Shale Oil Stocks to Buy as Prices Rise * 10 Stocks to Sell Before They Give Back 2019 Gains * 10 Oversold Stocks to Run From Compare Brokers The post Disruptive GW Pharmaceuticals Is Exempt from Big Pharmaas Volatility appeared first on InvestorPlace.
There are a large number of publicly traded marijuana companies, with the biggest ones being located in Canada -- as Canada is the largest market where marijuana has been fully legalized, notes Ben Reynolds, editor of Sure Dividend in a special report on the best opportunities in the cannabis space.
CBD -- which is simply shorthand for cannabidiol -- is a non-psychoactive component of cannabis plants, explains Timothy Lutts, editor of Cabot Marijuana Investor.
How Medical Marijuana Stocks Performed on April 4(Continued from Prior Part)Medical marijuana stocks The cannabis sector saw some weakness on April 4. The ETFMG Alternate Harvest ETF (MJ) saw a negative price action of 0.11%. Charlotte’s Web
Why Jim Cramer Likes Canopy Growth(Continued from Prior Part)Recurring themeJim Cramer has mentioned that alcoholic beverage companies are at risk due to growth in the cannabis sector (MJ).Jefferies echoed Cramer’s viewOn February 25, another
Jefferies Initiates Coverage of CGC, TRST, ACB, OGRMF, and MoreJefferies initiates coverage on cannabisJust last week, we saw Seaport Global initiate coverage on some of the big cannabis players in the industry. Early this morning, yet another firm
Investors (MJ) have even lost money in Aphria (APHA), Emerald Health (EMHTF), and Aurora Cannabis (ACBFF), which have lost 64%, 60%, and 37% during the same period, respectively. Analysts’ consensus target price for Supreme Cannabis remained unchanged month-over-month at 3.63 Canadian dollars. The stock closed at ~1 Canadian dollars on December 19, which was at a discount of nearly 72.5%.
This has been a big year for production and product line expansion, but it doesn't necessarily make this marijuana stock a buy.
On November 29, Canopy Growth (WEED) entered an 18-month supply agreement with MediPharm Labs, in which the latter will supply up to 900 kilograms of cannabis extract to Canopy Growth and its subsidiaries for sale. Initially, Canopy Growth committed to a minimum purchase of 450 kilograms, which could later be extended to another 450 kilograms.
Supreme Cannabis (SPRWF) is among the worst performers in the sector so far this year. The company’s stock closed nearly 39% lower YTD, which is similar to Emerald Health (EMHTF), which declined by nearly 43% so far this year as of November 19. Let’s look at how the analysts’ price targets and recommendations have changed in November.