17.84 0.00 (0.00%)
After hours: 4:58PM EDT
|Bid||17.68 x 1300|
|Ask||18.60 x 1800|
|Day's Range||17.51 - 18.60|
|52 Week Range||11.30 - 52.43|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||54.00|
Korent Select's expertly-crafted and responsibly-produced high-concentration CBD oils, liniments and salve offer a natural path to improved well-being and are now available to the health and wellness community. ...
MORRISVILLE, N.C., May 14, 2019 /PRNewswire/ -- Pyxus International, Inc. (PYX), a global value-added agricultural company, is pleased to announce its wholly-owned indirect subsidiary, FIGR, Inc., has launched an early works program at its Simcoe, Ontario, facility. The program is focused on pre-groundbreaking tasks, such as excavation and tree clearing, on the 20-acre parcel of land (adjacent to the current Simcoe facility) slated for the company's 800,000 square foot expansion project. "We are pleased with the implementation of FIGR's early works program, as it marks another milestone in its continual execution against the goal of expanding local capacity while working toward its overall construction timeline with an expected completion date of 2021," said Pyxus President, CEO and Chairman Pieter Sikkel.
SIMCOE, ON , May 14, 2019 /CNW/ - FIGR, Inc., a vertically-integrated legal Canadian cannabis company, today announced the commencement of an early works program at its Simcoe, Ontario , facility. The program comes in advance of the ground-breaking and construction activities planned for the 20-acre property—located adjacent to its current Ontario operation—purchased in August 2018 . The early works program mainly consists of earth excavation and tree site clearing to prepare the land for the more than 800,000 square foot facility expansion, which, when completed as anticipated, will accommodate additional growing space and processing facilities.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! J. Sikkel became the CEO of Pyxus International, Inc. (NYSE:PYX) in 2013. This analysis ai...
As we approach April 20, a date that’s become something like a holiday for cannabis enthusiasts, there’s little argument that legalized marijuana is spreading like, well, a weed. Uruguay was the first country in the world to legalize cannabis for recreational use, in 2013, followed by Canada, which in 2018 became the world’s first developed nation to legalize recreational cannabis, having approved it for medicinal use back in 2001. In the United States, while it’s not legal at the federal level, as of the end of 2018 only four states have deemed cannabis to be illegal, with the majority of states approving it (as well as cannabidiol or “CBD,” the nonpsychoactive component of cannabis) for medicinal use.
If the adage "never short a dull market" actually holds true then this market is set up for some very strong action. While it may seem trite, there is some logic to "never short a dull market." When markets are slow and boring it is much easier to be surprised by good action rather than bad action.
TORONTO , March 18, 2019 /CNW/ - FIGR, Inc., a vertically integrated legal Canadian cannabis company, is pleased to announce the appointment of Zack Grossman , an experienced consumer packaged goods and e-commerce strategist, as Director of Marketing, effective February 25, 2019 . "The recreational cannabis market is brimming with opportunities to test innovative strategies and do what hasn't been done before," said Grossman. Grossman spent the last 10 years leading the accelerated growth of many brands, including Motrin, Splenda, Polysporin, Nicorette and Nicoderm at Johnson & Johnson, a multinational medical, pharmaceutical and CPG company.
MORRISVILLE, N.C., March 12, 2019 /PRNewswire/ -- Pyxus International, Inc. (PYX), a global value-added agricultural company, is pleased to announce the opening of its affiliate, Criticality, LLC's, industrial hemp extraction and purification facility located in Wilson, North Carolina. "Through our investment in Criticality—a North Carolina-based hemp processor—our goal is to become a leader in the production of CBD and related consumer products," said Pyxus President, CEO and Chairman Pieter Sikkel.
WILSON, N.C., March 12, 2019 /PRNewswire/ -- Criticality, LLC, an integrated agricultural hemp company, welcomed more than 100 government officials, industry and agricultural leaders, and media to the grand opening and ribbon cutting ceremony of its new, 55,000-square-foot facility on March 12. The facility, located in Wilson, North Carolina, will be used for the extraction and processing of industrial hemp—much of which is grown locally—under the state's industrial hemp pilot program. During the ceremony, Criticality CEO Brian Moyer emphasized the importance of the company's science-based approach to the extraction, refinement and formulation of high-quality, transparently-sourced industrial hemp-derived products.
By buying an index fund, investors can approximate the average market return. But if you pick the right individual stocks, you could make more than that. For example, the PyxusRead More...
The bears are finally gaining a little traction as the combination of negative technical action and negative headlines create selling pressure. The main catalyst so far were some negative comments about the issues involved in China trade from Trade Rep Lighthizer, who commented that enforcement was a major issue. On top of that we have the Michael Cohen testimony and the Democrat-controlled hearing with Jerome Powell.
MORRISVILLE, N.C. , Feb. 27, 2019 /PRNewswire/ -- Pyxus International, Inc. (NYSE: PYX), a global value-added agricultural company, announced today the promotion of Tracy G. Purvis to Executive Vice President ...
CHARLOTTETOWN , Feb. 21, 2019 /CNW/ - FIGR, Inc. today released the results of the first-ever Atlantic Canada -focused consumer study gauging the opinions, behaviours, and concerns of Atlantic Canadians towards cannabis business and culture since recreational cannabis was legalized in Canada on October 17, 2018. While the Atlantic Canadian provinces were considered to be among the most pro-legalization in the country prior to October 17 1, residents of Canada's East Coast have only grown their support of legal recreational cannabis use since legalization day. The recent consumer study commissioned by the Canadian cannabis company, FIGR, Inc., reveals that 67% of Prince Edward Islanders and Nova Scotians feel recreational cannabis is more socially acceptable since legalization.
Companies in the cannabis sector typically run into the issue of ascertaining credit because traditional banking institutions are restricted from working with them, given the federal legalities of it all. According to several top research firms, cannabis is set to be worth as much as $31 billion by the end of 2022, which means that there is quite a bit of room left to grow for companies in the space. As the cannabis market continues to traverse new territories, Nabis Holdings (INNPF) (NAB), Tilray Inc (TLRY), New Age Beverages Corporation (NBEV), and Pyxus International Inc (PYX) are four cannabis companies picking up speed on Friday.
MORRISVILLE, N.C. , Feb. 14, 2019 /PRNewswire/ -- Pyxus International, Inc. (NYSE: PYX), a global value-added agricultural company, announced today that it has appointed Daniel A. Castle , founder of Castle ...
Why Pyxus International Stock Rose Over 33% after Its Q3 Results(Continued from Prior Part)Third-quarter EPSCompared to its EPS of $9.83 in the third quarter of fiscal 2018, Pyxus International (PYX) reported EPS of -$0.56 in the third quarter of
Cannabis stocks are having a blistering start to 2019. The sector appeared to have peaked in the fall of 2018. As many had warned, marijuana stocks turned sharply lower following Canada's legalization going into effect in a classic "sell the news" event. However, since then, the tide has turned. This year, pot stocks are back with the sector ETF posting a 50% move off the lows. * 9 U.S. Stocks That Are Coming to Life Again Not surprisingly, this enthusiasm has carried both recreational and medicinal cannabis stocks higher. For today, let's focus on the medicinal space. The recreational plays have been getting more attention lately with all the blockbuster partnerships. However, there are some interesting business stories developing in the medical cannabis stock space as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSource: Shutterstock Aurora Cannabis (ACB)Aurora Cannabis (NYSE:ACB) is getting a ton of attention this week thanks to its recent earnings report. Aurora initially disappointed the market as its revenue numbers came in below expectations. This point raised some confusion. The company reported CAD $48 million in cannabis revenues, which was below expectations. Total revenues, which included a few other minor accounting items, hit CAD $54 million. That number beat analysts' outlooks.ACB stock initially dropped about 5% following earnings. Since then, it reversed course and traded higher. That makes sense; at the end of the day, it's the forward outlook that matters here, not a few million dollars of revenue this past quarter. On that note, the most solid bullish argument for ACB stock is that its patient base is surging. This quarter, it reported more than 73,000 active registered patients -- more than 200% growth from the same quarter last year.Of course, bears will point to the huge losses that Aurora is reporting. The company lost CAD $238 million, which blows the revenue figure of CAD $54 million out of the water. Some of these losses appear tied to ramping up operations. For the back half of the year, Aurora projects positive EBITDA, and much smaller net income losses. That, combined with relatively downbeat sentiment here, make ACB stock a buy within its sector. Do be careful though, Aurora needs to start posting much smaller losses as its customer base increases or investors will lose patience fairly quickly. GW Pharmaceuticals (GWPH)When it comes to medical cannabis stocks -- as opposed to the recreational lane -- GW Pharmaceuticals (NASDAQ:GWPH) is the king. GW Pharmaceuticals got involved with its epilepsy drug well before the flood of marijuana stocks hit the market last year.GW capitalized on its first-mover advantage by already securing FDA approval for its therapy while other cannabis stocks are still getting their operations up and going. The company has gotten widespread insurance coverage approval for its drug, Epidiolex. * The 7 Best Video Game Stocks to Power Up Your Portfolio! Earlier this year GW confirmed that the vast majority of both fee-for-service and managed- Medicaid providers will cover Epidiolex. Big private providers, such as Express Scripts (NASDAQ:ESRX) are on board as well. GW recently raised $300 million. That cash should give it plenty of runway to get Epidolex sales up and going while also funding its numerous other in-progress clinical trials. For a pureplay marijuana biotech stock, it's hard to top GWPH.Source: Shutterstock Cara Therapeutics (CARA)Cara Therapeutics (NASDAQ:CARA) is a bit more undercover as a cannabis stock. The company specializes in various therapeutic treatment alternatives that can serve as alternatives to opioids. As we've seen in recent months, opioids are a crisis in America. An estimated 30,000 people or so die from overdoses every year.This opens an opportunity for Cara, which I previously described. As it is, Cara has various drug therapies in development for pain management. Some of these involve cannabinoids, although its lead clinical candidate does not. In any case, with China increasingly in the news, CARA stock should shine as doctors look for alternatives to dangerous traditional opioids. CARA stock is up from $12 to $17 recently and could rise a lot farther once it picks up more backers from the medical marijuana stock community.Source: Shutterstock KushCo Holdings (KSHB)KushCo Holdings (OTCMKTS:KSHB) is arguably the clearest medical marijuana distribution play in the United States at this time. The company used to be called Kush Bottles, which shows the company's main product line. However, KushCo has branched out past just packaging to provide a variety of supplies for medicinal marijuana sales. By partnering with more than 5,000 pharmacies and dispensaries around the world, KushCo has established a powerful first-mover advantage in its field.That said, there are reasons for caution with KSHB stock. You might think that this is a cheap stock. It is trading for less than $6 and is not listed on a major stock exchange. Despite those factors, KushCo has a market cap of more than $500 million, as the company has issued many shares to fund its growth. * The 3 Best Chinese Stocks to Buy for a Long-Term Portfolio As appealing as the "picks and shovels" play on the marijuana industry sounds, KSHB stock comes with risks. That $500 million market cap is backed by just $50 million or so in current assets, putting a 10x valuation multiple on its property, inventory, cash, and so on. Also, you should take note of the company's gross margin. Its gross margin has plummeted from 35% to 13% in recent quarters, resulting in KushCo making increasingly large losses despite growing revenues. KushCo has an interesting business model and a strong advantage from its robust distribution partnerships. But it needs to start showing that the business can turn profits before the stock can find further upside.Source: Shutterstock Pyxus International (PYX)What happens when a struggling more-than-century old tobacco company turns itself into a marijuana play? The stock soars. Meet the company previously called Alliance One, now known as Pyxus International (NYSE:PYX). For the past two decades or so, Alliance One showed flat to declining revenues as its tobacco business declined. So, last summer, using the hemp workaround to avoid legal issues, Pyxus pivoted to the marijuana market and changed its name, and PYX stock flew.In fact, PYX stock soared from $13 at the start of 2018 to as high as $40, aided by favorable calls from the likes of Citron Research, among others. But the enthusiasm wouldn't last long. Once investors came to their senses, they saw that Pyxus remained heavily in debt and stuck to its legacy tobacco business which faces uncertain prospects going forward. There are a lot of cannabis stocks out there; there aren't many that have more than a billion in debt like Pyxus does.PYX stock soared more than 30% on Tuesday following its earnings report. The market clearly liked what it saw, starting with nearly 10% revenue growth. But the company continues to lose large amounts of money. It reported a GAAP EPS loss of 56 cents per share. It will need a far bigger turnaround to justify anything close to its current share price. The recent share price spike offers speculators an ideal opportunity to sell PYX stock.Source: Shutterstock GB Sciences (GBLX)GB Sciences (OTCMKTS:GBLX) is -- in one way similar -- to KushCo. Despite trading on the Pink Sheets and having a tiny share price, GBLX stock isn't necessarily undervalued. GBLX stock, in fact, sells for under a quarter but, due to a large share count, has a market cap of almost $60 million.I don't want to pick on GBLX stock in particular, as there are a bunch of medical cannabis stocks like GBLX. But it's worth noting one like this to see the pattern. You find a bunch of these, companies that are attached to whatever the current trend is popular but don't have many resources of their own. * Buy Medical Marijuana Stocks for Legal Pot's Next Leg Up In the case of GB Sciences, they had just $3 million in cash as of their last quarterly report. That's not a good sign, as the company has $2.1 million in current liabilities and more than $8 million in total obligations. That will make it hard for the company to achieve its goals in terms of studying Parkinson's and other serious diseases. Yes, GB will put out more press releases and garner more media attention, but without far more cash, the stock isn't going anywhere in the long run. GBLX stock plummeted from a high of 80 cents to just 14 cents last year. If you're already long, take advantage of the recent rebound to get out at 24 cents -- GBLX will likely go a lot lower in coming months.Source: Shutterstock Lexaria Bioscience (LXRP)Lexaria Bioscience (OTCMKTS:LXRP), like GB Science, is a penny stock on the Pink Sheets exchange. However, LXRP has a lot more credibility and gives us a good example of the contrast between an investable speculation and a risky gamble. Lexaria is a higher-quality medical cannabis stock because it has a strong backer: Altria (NYSE:MO).Altria famously lifted Cronos (NASDAQ:CRON) into the big leagues with its massive investment at $12/share. CRON stock went on to hit $25. Altria got a lot less attention with its recent investment in Lexaria, but it may end up having a similar effect. Earlier this year, Altria agreed to invest up to $12 million into Lexaria.Why did it do that? Lexaria has a novel patented technique for oral delivery of drugs. Obviously, this potentially has a huge market in the medicinal marijuana space. As it is, Altria has validated the technology by investing in it and seeking to commercialize it for nicotine. At $1.30 a share and a $100 million market cap, LXRP stock is still highly speculative. But unlike many medical cannabis stocks, Lexaria has promising technology and enough financial backing to potentially deliver strong results for its investors.At the time of this writing, Ian Bezek owned MO stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 7 Forever Stocks to Buy for Long-Term Gains * 5 Self-Driving Car Stocks to Buy Compare Brokers The post Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? appeared first on InvestorPlace.
Why Pyxus International Stock Rose Over 33% after Its Q3 Results(Continued from Prior Part)Third-quarter revenue In the third quarter of fiscal 2019, Pyxus International (PYX) posted revenue of $524.5 million, a rise of 9.8% from $477.8 million in
Why Pyxus International Stock Rose Over 33% after Its Q3 ResultsThird-quarter performance Pyxus International (PYX) posted its fiscal 2019 third-quarter earnings results after the market closed on February 11. In the quarter, which ended on December
Premier Health Group (OTC:PHGRF) (CSE:PHGI), Aurora Cannabis Inc (NYSE: ACB, TSX: ACB), Pyxus International Inc (PYX), and Canopy Growth Corp (CGC) represent four cannabis companies determined to advance their industry into the future. Premier Health Group (OTC:PHGRF) (CSE:PHGI) is a company determined to meet the challenges of our ever-evolving healthcare system. The Company's subsidiary, HealthVue, currently boasts an ecosystem of over 100,000 active patients and plans to rapidly increase that number both domestically and internationally.