|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.9000 - 3.5000|
|52 Week Range||0.1100 - 3.7500|
|Beta (5Y Monthly)||0.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
January 13, 2021 - It's that time of the year when various articles and reports look back on the U.S. and Canadian 2020 cannabis markets' performance. Many agree that while both markets performed well in toto they say that the cannabis industry had a strong year with the U.S. markets significantly outperforming Canadian peers. The cannabis sector just finished a strong 2020 with the U.S. market soaring while many Canadian stocks struggled. An recent article said: "Looking into 2021, we think the theme will continue to play out as the world's two largest cannabis markets face divergent outlooks. More importantly, within each market, there are certain companies positioned better to thrive and some will continue to struggle." The article continued: "We expect the U.S. cannabis sector and U.S.-focused ETFs to outperform again in 2021 due to several reasons. First of all, the size of the prize in Canada is too small. The Canadian adult-use market reached US$2.5B in October 2020 which is smaller than California's legal market in 2019 estimated at $2.8B. The California market is expected to reach $4B in 2020. While the Canadian market has also doubled its monthly sales during the pandemic, so did the U.S. markets. All in all, the U.S. is a much larger market and it is estimated to be almost 10x the size of the Canadian market." Active Companies active today in the cannabis related markets include: Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), Item 9 Labs Corp. (OTCQX: INLB), Jushi Holdings Inc (OTCQB: JUSHF) (CSE: JUSH), KushCo Holdings, Inc. (OTCQX: KSHB), Aphria Inc. (NASDAQ: APHA) (TSX: APHA).
Item 9 Labs Corp. (OTCQX: INLB) ("Item 9 Labs" or the "Company"), a vertically integrated cannabis operator that produces premium products, today reported the Company's operating and financial results for the fiscal year (FY) ended September 30, 2020.
Item 9 Labs Corp. (OTCQX: INLB) ("Item 9 Labs," or the "Company"), a vertically integrated cannabis operator that produces premium products, announced today that it has finalized its merger agreement with ONE Cannabis Group (OCG, Inc.) and expects to close the merger in January 2021.