|Bid||18.81 x 0|
|Ask||18.84 x 0|
|Day's Range||18.64 - 18.92|
|52 Week Range||13.43 - 27.00|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.86%|
Cannabis stocks rose Tuesday, buoyed by gains in the broader market and hopes for a bill that would block the Justice Department from interfering in states that have legalized weed for medical or recreational use.
New York-based cannabis company Columbia Care Inc. announced Thursday the nationwide launch of its Columbia National Credit progrom, or "CNC Card," which makes the company capable of directly accepting a credit card for cannabis purchases. The launch follows the success of its pilot program in New York. "By launching the first credit card in the country that can be used by consumers and industry participants to purchase cannabis products, we now exclusively offer an important capability that will serve Columbia Care's national growth initiatives, including home delivery, automatic fulfillment and e-commerce," said Chief Executive Nicholas Vita. The stock has lost 18% since closing its first-day of over-the-counter trading at $7.20 on May 1. Over the same time, the Horizons Marijuana Life Sciences Index ETF has lost 10% and the S&P 500 has slipped 1.5%.
Should You Hold On to Your Cannabis Stocks?Wild swingsCannabis stocks have been under selling pressure since March. The weakness in the sector shows that investors’ confidence has been slowly eroding. Take the ETF Horizons Marijuana Life Sciences
Cannabis Stocks Continued to Drift Lower Last WeekCannabis sector declinesLast week, the cannabis sector continued to drift lower, ending up in the negative territory throughout the week. The market sentiment took a significant beating on the back
The push for legislation that would allow banks do business with cannabis companies without the risk of federal enforcement action is gaining momentum and credit unions are playing a key role.
Canopy Growth Corp.’s plan to acquire U.S. multi-state operator Acreage Holdings as soon as cannabis is legalized in the U.S. has won the support of a U.S. private-equity firm that specializes in investments in the cannabis sector.
How Cresco Labs Stacks Up against Other Cannabis PlayersCresco LabsCresco Labs (CRLBF) is a multistate cannabis company that has presences in both the adult use and medical cannabis markets. The company has its own production and distribution
Already one of the world's largest markets in terms of sheer number of cannabis exchange traded funds, Canada is breaking new ground as the home to the world's first inverse and leveraged marijuana ETFs. ...
How Do Cannabis Stocks' Valuations Stack Up in May?(Continued from Prior Part)HEXOHEXO (HEXO) has been a star stock within the cannabis sector with returns of almost 96% YTD as of the date of this writing. In comparison, the Horizons Marijuana Life
How Do Cannabis Stocks' Valuations Stack Up in May?(Continued from Prior Part)Investing in the cannabis sectorThe cannabis sector has had its ups and downs in the past month. The trend has mostly been flat to downwards-trending for most of the
Aphria Stock Rises on Cultivation License in Germany(Continued from Prior Part)Cannabis stocks gainToday, the cannabis sector was making positive moves after last week was fraught with pessimism due to trade tensions. HEXO (HEXO) was up 1.3% while
Cannabis Stocks Fell despite Biden's Support of LegalizationA weak startThe overall cannabis sector was off to a weak start this week. The weakness was reflected in the Horizons Marijuana Life Sciences ETF (HMMJ), which sank by nearly 1.4%, and the
Cannabis stocks were mostly lower Monday, amid a broad market tumble related to the Sino-American trade fight.
Why Planet 13 Stock Fell ~6.8% on May 7The announcementOn May 7, Planet 13 Holdings (PLTH) (PLNHF) announced that its Las Vegas Cannabis Entertainment Complex, also called the Superstore, served an average 1,962 customers per day in April, while its
Key Cannabis Sector Updates: Price Action and Analyst RatingsCannabis stocksCannabis ETFs traded on a negative note last week. The Horizons Marijuana Life Sciences ETF (HMMJ) fell 1.2%, while the ETFMG Alternate Harvest ETF (MJ) gained 0.33%. The
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 WeekCannabis sector weakenedIn the week ending May 3, the cannabis sector extended its weakness. Most of the stocks ended in the negative territory. The Horizons Marijuana Life Sciences ETF (HMMJ) lost
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
Midday Update: How Cannabis Stocks Are Holding Up on May 3Cannabis stocks riseThe cannabis sector was on the rise in the first half of the day on May 3 after some major cannabis stocks received rating changes from Jefferies in the early morning.
Aurora Cannabis: What to Expect from Its Earnings(Continued from Prior Part)Core profitabilityThe EBITDA, which is often considered to be a measure of core profitability, is expected to remain depressed for Aurora Cannabis (ACB). The company is
ACB Trades Sideways ahead of Its Earnings ResultsAurora’s earnings The earnings season is here, and Aurora Cannabis (ACB) is expected to report its fiscal 2019 third-quarter earnings results on May 14. Ahead of Aurora’s earnings release,
Cannabis Stocks Continue to Struggle on the Last Day of April(Continued from Prior Part)Canopy Growth sees a fallOn April 30, Canopy Growth (WEED) (CGC) was down 2.8% as of midday after managing to gain an impressive 21% on its announcement of its
Valuation in the Cannabis Sector: An End-of-Month Update(Continued from Prior Part)Cronos GroupCronos Group’s (CRON) recent valuation has been significantly higher than its historical average and that of peers (MJ) Aurora Cannabis (ACB), Aphria
Valuation in the Cannabis Sector: An End-of-Month Update(Continued from Prior Part)Market weakness Cannabis stock prices were weak in April. Some investors view such weakness as a good opportunity to buy stocks, but these decisions should be made on
Canopy Growth Rises on New York Hemp Facility UpdateCanopy Growth risesCanopy Growth (WEED)(CGC) stock rose about 4% in the first half of April 29’s trading session after it provided an update on its hemp industrial park in New York. The company