|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.5800 - 0.7900|
|52 Week Range||0.3600 - 2.0400|
|Beta (3Y Monthly)||-1.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Why Planet 13 Stock Fell ~6.8% on May 7(Continued from Prior Part)Valuation multipleThe increase in Planet 13 Holdings (PLTH) (PLNHF) stock price since the beginning of 2019 has led to a rise in its valuation multiple. As of May 7, the company was
MedMen Announces Preliminary Q3 Revenues(Continued from Prior Part)Valuation multipleSince the beginning of 2019, MedMen Enterprises (MMEN) (MMNFF) has fallen by 3.6% as of April 12. The decline in MedMen’s stock price has also lowered its
MedMen Announces Preliminary Q3 RevenuesThird-quarter performance Today, MedMen Enterprises (MMEN) (MMNFF) posted an unaudited revenue of $36.60 million for the third quarter of fiscal 2019, which ended on March 30, 2019. Year-over-year, the
Planet 13 and Wayland Group Posted Strong Performance Last WeekSector performance Last week, the Horizons Marijuana Life Sciences ETF (HMMJ) and the ETFMG Alternative Harvest ETF (MJ) delivered positive returns. Between March 29 and April 5, HMMJ and
Trulieve Cannabis Opens Its 24th Dispensary in FloridaNew dispensary opens todayToday, Trulieve Cannabis (TRUL) (TCNNF) is opening a new dispensary in Clearwater, Florida. Apart from this dispensary, the company operates 23 others in the state. As
In one of the most anticipated moves in the international cannabis space, Colombia is set to begin exporting cannabis to Canada. The first Colombian company to receive approval — from both Health Canada and the Colombian National Narcotics Fund — to export cannabis to Canada is Ecomedics S.A.S., doing business as Clever Leaves. Benzinga had the chance to discuss the move with Andres Fajardo, CEO of Clever Leaves.
Why Cannabis Stocks Are Trading in the Red TodayCrackdown on CBD Yesterday, the New York Times reported that the Department of Health and Mental Hygiene had ordered restaurants under its jurisdiction not to sell food products containing CBD. The
Planet 13 and Trulieve Cannabis Performed Well Last WeekStock performanceLast week, the broader equity market was stronger and the S&P 500 Index rose 2.9%. However, cannabis stocks had mixed performances. Among the ten companies considered for
MedMen Announces Preliminary Q2 RevenueSecond-quarter revenue Today, MedMen Enterprise (MMNFF) posted unaudited system-wide revenues of $29.9 million for the second quarter of fiscal 2019, which ended on December 29, 2018. Year-over-year, the
Planet 13 Holdings Has Returned ~30% in January: What’s Next?Stock performanceAs of January 15, Planet 13 Holdings (PLTH) (PLNHF) was trading at 1.94 Canadian dollars, which represents a rise of 30.2% since the beginning of 2019. Also, the company
Under the terms, Wayland Group will sell 49.9 percent of its international portfolio of assets. The deal is all-stock and Wayland will receive 300 million shares of ICC at a deemed price of 43 cents apiece. Based on this price, Wayland's international business is valued at around $258 million, the company said in a statement.
Wayland to Sell 49.9% of International Business to ICCThe announcementOn the back of its previous statement that it would explore strategic alternatives for its international assets, Wayland Group (MRRCF) announced today that it signed a letter of
Despite President Donald Trump signing the 2018 Farm Bill on December 20, which legalized hemp at the federal level, the cannabis sector was under pressure last week. The Horizons Marijuana Life Sciences Index ETF (HMMJ), which tracks the North American Medical Marijuana Index, fell by 11.0%, while the ETFMG Alternative Harvest ETF (MJ) declined by 11.2%.
Today, Wayland Group’s (MRRCF) board announced that the company has started the process of exploring various strategic alternatives including a spin-off and a European listing of its international operations to enhance shareholder value and realize the full potential of the company’s international asset portfolio and its domestic assets in Canada. Although Wayland’s board is convinced of the company’s current strategy, they believe that the company’s current stock price, which has lost 62.6% of its value since the beginning of this year, doesn’t reflect the actual worth of Wayland’s global portfolio.
How Did Cannabis Stocks Perform Last Week? In this series, we’ll be looking at the stock performance of cannabis companies during week 50, which spans from December 10 to December 14. First, we’ll look at major events that took place during the week before moving to the companies’ stock performance in week 50.
iAnthus Capital Holdings (ITHUF) is a leading company in the cannabis industry (SEED). This article compares iAnthus Capital’s valuation to those of its peers, including MPX Bioceutical (MPXEF), MariCann (MRRCF), and MedMen (MMNFF).
In this article, we’ll discuss Curaleaf Holdings’ (LDVTF) valuation as of November 27 and its comparison with its peers, including WeedMD (WDDMF), Trulieve (TCNNF), and Maricann (MRRCF).
As we discussed in the previous article, Curaleaf Holdings (LDVTF), one of the leading cannabis operators in the United States, released its third-quarter earnings results on November 26. Curaleaf Holdings reported a 247% increase in its revenue to $45.1 million in the first nine months of 2018 compared to $13.0 million in the same period of 2017. Its revenue in the first nine months of 2018 was $55.0 million on a pro forma basis when consolidated for nonprofit entities.
In this part of our series, we take a look at the stock performance of must-know Cannabis stocks Curaleaf Holdings (LDVTF), Trulieve (TCNNF), WeedMD (WDDMF), Maricann (MRRCF), MedMen (MMNFF), Golden Leaf Holdings (GLDFF), and Vivo Cannabis (VVCIF) over the last week.
The Cannabis stocks we discuss in this series include WeedMD (WDDMF), Curaleaf Holdings (LDVTF), Trulieve (TCNNF), Maricann (MRRCF), MedMen (MMNFF), Golden Leaf Holdings (GLDFF), and Vivo Cannabis (VVCIF). Let’s take a look at the must-know developments and stock price performance for these companies last week.
MedMen Enterprises (MMNFF) holds 19 licensed cannabis facilities for cultivation, manufacturing, and marketing cannabis as a consumer product. This article compares MedMen’s (MMNFF) valuation with its peers’, including Tilray (TLRY), CannaRoyalty (OH), and Maricann (MRRCF).
MedMen Enterprises (MMNFF), a the cannabis company, has 19 licensed cannabis facilities for cultivation, manufacturing, and marketing cannabis as a consumer product.
Founded in 2013, the company has production facilities in Ontario, Canada, where it operates a medicinal cannabis business under a license from the Canadian government. The company believes its Ontario plant is a low-cost high-efficiency facility. The company has also implemented automation to constrain labor costs at this site.