|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.9186 - 3.3009|
|52 Week Range||0.5040 - 5.2050|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
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COLUMBUS, OH, April 18, 2019 /CNW/ - Green Growth Brands Inc., (GGB.CN) (GGBXF) ("GGB" or "the Company") a cannabis and CBD retailer specializing in creating remarkable consumer experiences, announced today the launch of CAMP™, a proprietary cannabis brand. Beginning with proprietary TCH and CBD products, GGB expects to also launch the first CAMP dispensary in this year.
Faith in marijuana stocks is starting to dissipate at the start of the week after a number of headwinds from last week have continued to leach into investors' minds and force them to question the longer-term strength of the marijuana space more broadly. The two pot stocks we're watching this week are Aphria (NYSE:APHA) and Tilray (NASDAQ:TLRY).Source: Shutterstock Last week, one of Cowen & Co.'s top marijuana market analysts, Vivien Azer, cited potential headwinds that could bear down on cannabis producers.And yesterday morning, a major earnings disaster in a popular pot stock echoed the analysts' concerns as well as a preexisting narrative that sales of marijuana might slow considerably in the months ahead.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSpecifically, Azer cited oversupply and quality control issues as reasons for "lowering her first-half expectations for a handful of Canadian growers." In some cases, the lower quality cannabis might be "un-sellable." The ETFMG Alternative Harvest ETF (NYSEARCA:MJ), which tracks key marijuana growers, dropped more than 5% over the past five days as a result of the negative outlook.And Aphria -- yesterday morning's big-time earnings flop -- dropped nearly 15% on Monday, April 15.After considering this lackluster product and the possibility of fewer sales, the short-term case for some marijuana stocks has certainly become a bit murkier. But is it all doom and gloom in the marijuana space?The following are two of the key cannabis stocks to watch this week: Aphria and Tilray. Aphria (APHA)The pain APHA investors suffered Monday morning will remain seared in the minds of marijuana stock investors for days to come. Aphria reported "[a]n adjusted net loss of C$0.20 per share … year-over-year, and missed the Street by C$0.16." * 10 Stocks That Are Screaming Buys Right Now But perhaps more damaging for the stock wasn't its failure to satisfy Wall Street estimates, as InvestorPlace contributor Vince Martin points out in his earnings breakdown, only a few analysts are currently setting the tone for APHA stock.Rather, upon closer examination, it's the less impressive growth narrative for the stock that has caused some investors to flee. In Martin's words, although "[r]evenue rose 617% year-over-year … the numbers aren't as impressive as the headlines suggest. Aphria is growing its pot business -- but perhaps not as fast as a $2 billion-plus valuation suggests it should be."Adding to the sizable dip in APHA stock is the fact that a potential buyout by Green Growth Brands (OTCMKTS:GGBXF) is no longer on the books, causing some investors to question whether the company can hold its own against the competition or if the company might not see another offer any time soon. Tilray (TLRY)TLRY stock joined Aphria in the dive yesterday, dropping more than 7%.In-line with Azer's assessment of the marijuana space last week, TLRY stock has come under scrutiny lately for potential oversupply issues in Canada, which might affect the company's longer-term growth narrative. The hype around the pot business is expected to lose some of its vigor as supply and demand for marijuana begin to balance out. * 7 Dental Stocks to Buy That Will Make You Smile Adding salt to the wound in Tilray is the fact that the negative outlook isn't just coming from analysts, nor is it just confirmed by its peers in the space like APHA. As InvestorPlace Feature Writer James Brumley asserts in his latest in-depth analysis of TLRY stock, the less-than-positive perspective came straight from Tilray's CEO Brendan Kennedy during a March earnings call, where he stated that he expects marijuana to "erode in value in the medium to long term, as the market normalizes." This normalization is expected to occur "[o]ver the next 18 months."Despite the negative short-term outcast, analysts still collectively expect an upside of more than 87% for TLRY stock over the next 12 months (an average price target of $107). Whether this is a realistic number for TLRY to reach may become clearer when the company next reports earnings on Jun. 17.Wall Street still expects an earnings-per-share loss of 29 cents on revenues of $24.85 million for the report. But we might expect the story behind Tilray (and analysts expectations) to change in light of Aphira's earnings-based pain yesterday.As of this writing, Robert Waldo did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post 2 Hot Marijuana Stocks to Watch This Week appeared first on InvestorPlace.
Shares of Aphria Inc. dropped 6.9% in premarket trade Monday after the Canada-based cannabis company swung to a wide third-quarter loss, while revenue increased 7-fold, primarily driven by distribution revenue from CC Pharma and ABP. The net loss for the quarter to Feb. 28 was C$108.2 million ($81.1 million), or 43 cents a share, from a profit of C$12.9 million, or 8 cents a share, in the same period a year ago. Excluding non-recurring items, such as non-cash impairments and additional non-operating losses, adjusted gross profit was C$13.4 million. Kilograms sold fell to 2,636.5 from 3,408.9, while the average retail selling price for medical cannabis increased to C$8.03 per gram from C$7.51, primarily because of higher oil sales, while the average price for adult-use cannabis fell to C$5.14 from C$6.32, given a shift to smaller package sizes. Separately, the company said it has entered into a series of deal to accelerate the expiry date of the unsolicited offer launched by Green Growth Brands Inc. . The stock has rallied 77.5% year to date through Friday while the S&P 500 has gained 16.0%.
The offer to acquire Aphria Shares and to issue securities of the Green Growth is made solely by, and subject to the terms and conditions set out in, the Offer to Purchase and Circular, as varied by the Notice of Variation, and letter of transmittal and notice of guaranteed delivery. See also "Notice to U.S. Holders of Aphria Shares" below. COLUMBUS, OH , April 15, 2019 /CNW/ - Green Growth Brands Inc. ("Green Growth" or the "Company") (GGB.CN) today announced that it has reached an agreement with Aphria Inc. ("Aphria") to shorten the expiry time for acceptance of its formal offer (the "Offer") to acquire all of the issued and outstanding common shares (the "Aphria Shares") of Aphria (TSX: APHA and NYSE: APHA) from 5:00 p.m. ( Toronto time) on May 9, 2019 to 5:00 p.m. ( Toronto time) on April 25, 2019 (the "Expiry Time").
The week brought big cannabis news, with the FDA setting its first hearing regarding CBD's legality in food and drinks for May, and the STATES Act, which aims to protect cannabis businesses and users in legal states from federal intervention, being introduced in Congress. “Many of these combined companies feel they can be stronger competitors if they are bigger players.
CORAL GABLES, FL / ACCESSWIRE / April 2, 2019 / The marijuana stock market has been booming over the course of the past few years as a result of the sheer excitement surrounding the cannabis industry. ...
COLUMBUS, OH, March 28, 2019 /CNW/ - Green Growth Brands, Inc. (GGB.CN) (GGBXF) (GGB or the Company) is pleased to announce the opening of its newest Seventh Sense Botanical Therapy CBD shop today at Mayfair Mall in Greater Milwaukee , a Brookfield Properties center. This new location represents the sixth Seventh Sense Shop to open in the United States . "Mayfair Mall is the premier mall in Greater Milwaukee and we look forward to bringing a remarkable CBD store experience to new customers in the region," said Peter Horvath , CEO of Green Growth Brands.
COLUMBUS, OH, March 18, 2019 /PRNewswire/ - Green Growth Brands, Inc. (GGB.CN) (GGBXF) (GGB or the Company) is pleased to announce the opening of two new CBD shops this past Saturday, located in Castleton Square, Indianapolis, Indiana and in Oxmoor Center, Louisville, Kentucky. The shop in Castleton Square is the first space leased by GGB from Simon (SPG) to open. The Simon location follows an agreement through which the Company will gain access to approximately 108 prime shop locations in U.S. malls.
COLUMBUS, OH, March 15, 2019 /PRNewswire/ - Green Growth Brands, Inc. (GGB.CN) (GGBXF) (GGB or the Company) acknowledges that there are some reports that our two new CBD shops, located in Castleton Square, Indianapolis, Indiana and in Oxmoor Center, Louisville, Kentucky have already opened. The Company wishes to clarify that they will not be open until tomorrow, Saturday, March 16th, at 10:00 AM EST. Green Growth Brands expects to dominate the cannabis and CBD market with a portfolio of emotion-driven brands that people love. Certain information in this news release constitutes forward-looking statements under applicable securities law.
It was another news-filled week in the weed world... Nelson Peltz joined Aurora Cannabis Inc (NYSE: ACB ) as a strategic advisor ; Harvest Health & Recreation Inc (OTC: HRVSF ) acquired Chicago-based Verano ...
POINT ROBERTS, Wash. and DELTA, British Columbia, March 14, 2019 -- We are advised by InvestorIdeas.com that journalists and other readers should disregard the news release,.
POINT ROBERTS, Wash. and DELTA, British Columbia, March 14, 2019 -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot.
Investors looking for potential opportunities in the cannabis sector need to understand that, because the industry is still very much in its infancy, what defines a successful cannabis company is not directly connected to cannabis yields. Leafbuyer Technologies Inc (OTC:LBUY), Harvest Health & Recreation Inc (HRVSF), HEXO Corp (NYSE American: HEXO, TSX: HEXO), and Green Growth Brands Inc (GGBXF) are 4 marijuana stocks getting a boost from today's headlines. Leafbuyer Technologies Inc (OTC:LBUY) is considered to be the most comprehensive online resources for information related to cannabis, as well as how to procure products currently available on the market.
COLUMBUS, OH, March 8, 2019 /CNW/ - Green Growth Brands Inc. (GGB.CN) (GGBXF) ("GGB" or "the Company") today announced issuance of shares of common stock for completed consulting services with JDS 4300 Consulting LLC ("JDS") and TSB Consulting LLC ("TSB") for arm's length previously-rendered strategic corporate advisory and corporate structure and reorganization services, respectively. In exchange for the services rendered under these agreements, the Company has issued to JDS USD$687,469.31 (CAN$924,000) in GGB common shares, and has issued to TSB USD$171,867.33 (CAN$231,000) in GGB common shares, with the price of each share issuance reflecting the GGB share price of USD$3.44 (CAN$4.62) as of the close of trading on March 6, 2019 .
COLUMBUS, OH , Feb. 27, 2019 /CNW/ - Green Growth Brands Inc. (CSE:GGB) (GGBXF) (GGB or the Company) today released results for Second Quarter 2019 ended December 31, 2018 . Condensed Interim Consolidated Financial Statements, Management Discussion & Analysis, and a Letter to Shareholders from CEO, Peter Horvath , are available on Green Growth Brands' Investor Relations website and SEDAR. The call and replay archive can also be accessed on Green Growth Brands Investor Relations website.
National Access Cannabis (TSXV: META), a health care service provider that specializes in prescribing medical cannabis, has appointed Michael Cosic as CFO and Lori Bailey as senior vice-president of retail. Lori has already joined the company while Michael will be joining on March 4, the company said in a statement. Current CFO Michael Best has […]The post Cannabis Stock News Daily Roundup February 27 appeared first on Market Exclusive.
Green Growth Brands Appoints COO Randy WhitakerGreen Growth Brands appoints a new COO Today, Green Growth Brands (GGBXF) announced the appointment of Randy Whitaker as its new chief operating officer. COO is a new position at Green Growth Brands.
COLUMBUS, OH, Feb. 26, 2019 /PRNewswire/ - Green Growth Brands, Inc. (CSE:GGB) (GGBXF) (GGB or the Company) is pleased to announce the appointment of Randy Whitaker as Chief Operating Officer, a new position within GGB. Mr. Whitaker has over 27 years' experience in real estate, finance, and store operations. Mr. Whitaker joins GGB from Belk, Inc. a privately held department store with over 293 locations. "Along with much of the GGB leadership team, I worked with Randy for many years at Victoria's Secret," said Peter Horvath, CEO of Green Growth Brands.