|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.4200 - 1.5850|
|52 Week Range||0.8500 - 2.0400|
|Beta (3Y Monthly)||3.58|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Speaking Wednesday to the Benzinga Cannabis Capital Conference in Toronto, 420 Investor author Alan Brochstein moderated a panel of representatives from some of the leading cannabis suppliers serving the Canadian market discussing how their companies have so far approached finding a share of the still-nascent industry. One of the major choke points affecting the Canadian market is meeting demand. Scott Walters, VP of corporate development with The Supreme Cannabis Co. Inc. (OTC: SPRWF), characterized the shift after the Oct. 17 legalization.
Chemistree Technology Inc. (CSE:CHM) (OTCQB: CHMJF), an investment company dedicated to the US cannabis sector endeavoring to provide turn-key solutions for the regulated cannabis industry, recently announced the addition of Nicholas J. Zitelli, a.k.a. Mr. Zitelli is a well-known cannabis industry leader.
Biggest Gainers in the Cannabis Sector Last Week(Continued from Prior Part)Tilray fell last week Last week, Tilray (TLRY) emerged as the biggest loss. The stock lost nearly 9% of the value from the closing on March 29 to the closing on April 5. The
HENDERSON, NV / ACCESSWIRE / April 5, 2019 / According to CannaNews, a leading cannabis industry publication, as the industry moves toward large-scale production, "growers' energy consumption continues ...
Editor's Note: This story was previously published in February, 2019. It has since been updated and republished.The 2018 midterm elections made clear that Americans preferred legalization over the continued prohibition of pot, which should bolster the case for the top marijuana penny stocks.When residents in California voted for full recreational weed, it boded well not just for marijuana penny stocks, but for electoral momentum in other states and the midterms emphatically proved this point.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn conservative Utah and Missouri, voters approved medical cannabis. But Michigan stood above the rest, becoming the tenth state to legalize recreational marijuana. Significantly, it's also the first Midwestern state to approve such an initiative. * 7 S&P 500 Stocks to Buy That Tore Up Earnings Previously embattled marijuana stocks like Cronos Group (NASDAQ:CRON), Tilray (NASDAQ:TLRY), and Canopy Growth (NYSE:CGC) received a much-needed boost in the markets and really have capitalized on it.Recent booms in these stocks make it easy to see why. Not only does legal marijuana open doors to a previously inaccessible sector, it has proven economic benefits.The commonly-cited case study is Colorado. In 2015, one year after green lighting cannabis businesses, the botanical industry nearly hit $1 billion in revenue.In 2016, it breached the threshold, and growth remains strong. Considering that so many states suffer from budget shortfalls, a little green could go a long way.Under this backdrop, gambling on top marijuana penny stocks is more compelling than jumping on any other speculative venture. While risks abound, these four sector players offer considerable upside possibilities.Source: MarihuanayMedicina via Flickr Auxly Cannabis Group (CBWTF)A common difficulty in forecasting future price movements for top marijuana penny stocks is separating hype from reality. While almost every sector player advertises significant upside potential, most undercapitalized firms fail to deliver the goods.I had high hopes for Auxly Cannabis (OTCMKTS:CBWTF) last year due to its unique business structure. Auxly earned bragging rights for becoming the first cannabis streaming company.Energy and mining companies typically deploy the streaming model to gain full access to an industry's supply chain without incurring unnecessary risk.In theory, streaming is the way to go for marijuana-related organizations. Even with Canada's legalization initiative and U.S. electoral momentum, several legal and administrative hurdles exist. Streaming facilitates exposure to a lucrative industry, but with "stop gaps" should things go awry.Unfortunately, the markets have not been kind to Auxly stock. Since its January opener, shares have lost more than half their equity value.Nevertheless, I'm still hopeful that Auxly can pull it together. Legal marijuana really still is in its infancy so we should expect growing pains. Moreover, CBWTF has settled into its long-range support line around 65 cents. It's a hefty risk, but a worthwhile one with gambling money.Source: Shutterstock MPX Bioceutical (MPXEF)A common stereotype about legal-cannabis advocates is that they have ulterior motives for their product evangelism. Although that could be the case, one thing is undeniable: many, if not most top marijuana penny stocks focus on botany's medicinal aspect.This is especially true for MPX Bioceutical (OTCMKTS:MPXEF). MPX operates three brands under its corporate umbrella: Salus BioPharma, Health for Life, and its namesake MPX.The former two divisions specialize in medical-grade cannabis, while the latter caters to the green lifestyle. Salus is particularly intriguing as it represents a joint venture with Israeli pharmaceutical Panaxia to develop proprietary, smokeless cannabis products.Another compelling driver for MPXEF stock is its technical momentum, as it lacks the extreme volatility seen in other sector-related speculative companies. * 10 Tech Stocks That Transformed Their Business That's not to say you should jump on MPXEF stock without worries. The company isn't what you would consider fundamentally sound. Still, with relatively-stable market performance and an impressive growth rate, speculators will want to keep close tabs on MPX.Source: Shutterstock Supreme Cannabis Company (SPRWF)When Canada became the first G7 nation to approve recreational weed in October 2018, it actually forged the path forward for marijuana startups. As a result, the lion's share of marijuana penny stocks are based in Canada.A prime example is Supreme Cannabis Company (OTCMKTS:SPRWF). Supreme Cannabis, whose 7ACRES brand of medical-grade cannabis started life as a father seeking alternative therapies for his daughter.Eventually, 7ACRES grew to become a gold-standard cannabis facility, offering distinct, high-quality strains.What makes SPRWF stand out compared to other top marijuana penny stocks is that management is focused on a business-to-business (B2B) strategy. This enables the company to fine-tune its craft, rather than dilute its effectiveness through disparate supply-chain segments.Last year the markets acknowledged Supreme Cannabis' potential, but the ride was anything but smooth. SPRWF stock doubled in value between mid-August through September-end. However, it crashed back down to earth by mid-October, 2018.Since then, SPRWF stock has managed to hold onto long-term support above $1 and is up around $1.65 today. It's a high-risk, high-reward venture, but a very tempting one.Source: Shutterstock Cannabis Science (CBIS)Cannabis Science (OTCMKTS:CBIS) is easily one of the most speculative among top marijuana penny stocks. Immediately, you can tell that through either its ridiculously-low share price, or its sub-$100 million market capitalization.Another giveaway is Cannabis Science's bold declaration to provide innovative therapies for unmet medical needs, including cancer. As the old saying goes, extraordinary claims require extraordinary evidence.But this is also where CBIS stock becomes interesting. Management claims that cannabis use dates back thousands of years, making it one of the most tried-and-true medicines. Plus, traditional pharmaceutical companies have become more a marketing machine than a therapy provider. Therefore, the medical-cannabis industry deserves at least some credibility. * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos That's the good news for CBIS stock. The not so great news is that shares continue to struggle.Conservative investors should probably stay away from Cannabis Science and marijuana penny stocks in general. But the encouraging note is that CBIS stock has stabilized since before the beginning of the year. That's no guarantee of a turnaround, but any positive movements are likely to be explosive.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities.Compare Brokers The post 4 Top Marijuana Penny Stocks to Take Seriously in 2019 appeared first on InvestorPlace.
CannTrust Fell Last Week after Its Earnings AnnouncementCannabis sector last weekIn the week ending March 29, the cannabis sector fell. Concerns about a recession hitting the market outweighed investors’ sentiment. The Horizons Marijuana Life
TORONTO, March 27, 2019 /PRNewswire/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F), congratulates its President and Founder, John Fowler for being named on High Times list of the 100 Most Influential People in Cannabis. In 2013, Mr. Fowler founded Supreme Cannabis' wholly-owned subsidiary 7ACRES with a clear vision: to create Canada's leading premium cannabis flower brand and produce high quality cannabis on a commercial scale.
CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article featuring the Supreme Cannabis Co. (FIRE.TO) (SPRWF) (53S1.F). The company is a licensed producer with a 440,000 sq. ft. facility in Kincardine, Ontario, recently secured Health Canada’s approval for six additional flowering rooms. Canada’s cannabis industry continues to experience a supply shortage, according to Cowen & Co., which found that nearly half of all items remained out of stock on five provincial e-commerce websites.
In addition to lessened volatility, ancillary cannabis companies are not bogged down by bureaucratic limitations and have more freedom to make strategic acquisitions to bolster their portfolios. All in all, investors looking for potential opportunities could benefit from focusing on the cannabis industry in the coming months. Leafbuyer Technologies Inc (OTC:LBUY), Aphria Inc (NYSE: APHA, TSX: APHA), Auxly Cannabis Group Inc (CBWTF), and The Supreme Cannabis Company Inc (SPRWF) represent 4 marijuana stocks worth keeping on your radar on Tuesday.
How Cannabis Stocks' Valuations Stack Up amid Recent Weakness(Continued from Prior Part)Comparable multiples The cannabis sector’s median forward EV-to-EBITDA (enterprise value-to-earnings before interest, tax, depreciation, and amortization)
How Cannabis Stocks' Valuations Stack Up amid Recent Weakness(Continued from Prior Part)Comparing valuation multiplesAs of March 22, the median forward EV-to-sales multiple of our select group of 12 cannabis players was 7.0x. There were a couple of
TORONTO, March 22, 2019 /PRNewswire/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F) today announced that the Company expects its previously announced oil products line to be introduced to adult-use consumers in select Canadian markets starting April 2019. Supreme Cannabis plans to initially ship oil products to select markets before expanding distribution of its cannabis oil line to additional provinces which is expected by the end of June 2019. "Premium oils require premium cannabis," said Navdeep Dhaliwal, CEO of Supreme Cannabis.
POINT ROBERTS, Wash. and DELTA, British Columbia, March 22, 2019 -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks, releases a snapshot.
March Update: Analysts’ Ratings for TLRY, IIPR, and SPRWF(Continued from Prior Part)Supreme Cannabis Supreme Cannabis (SPRWF), unlike its peers (HMMJ) including CannTrust (CTST), HEXO (HEXO), and Cronos Group (CRON), hasn’t received much
Target annual production capacity is estimated to increase by 50% to approximately 26,250kg. Supreme Cannabis expects to submit additional rooms for Health Canada approval in the near term. TORONTO , March 21, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F) today announced that its wholly-owned subsidiary, 7ACRES, has obtained Health Canada approval for six additional flowering rooms totaling 60,000 sqft of additional production space at its facility in Kincardine, Ontario .
SEATTLE, March 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing The Supreme Cannabis Company (FIRE.TO) (SPRWF) (53S1.F). The cannabis industry may have been dominated by microcaps a couple years ago, but multi-billion dollar valuations, blue chip investments, cannabis-focused ETFs, and growing analyst coverage is helping it reach a new level of maturity. The wider market is finally starting to realize the cannabis industry’s significant potential in both medicinal markets, as a pharmaceutical alternative, and recreational markets, as an alcohol or tobacco alternative.
GMP Securities Upgrades Aurora Cannabis to a 'Buy'Aurora Cannabis upgradedGMP Securities, which previously had a “hold” rating on Aurora Cannabis (ACB), upgraded the company to a “buy” on March 13. The company also gave ACB a price target of
TLRY Is Too Rich for Jefferies—What about Other Cannabis Players?(Continued from Prior Part)Cannabis sector multiplesNow, let’s look at another valuation multiple for the same 12 cannabis players: the forward EV-to-EBITDA (enterprise
Letter of intent is the first step to obtain a cannabis production license in Malta . Malta is strategically located to serve export markets throughout Europe . TORONTO , March 11, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F) today announced that the Company has signed a letter of intent ("LOI") with Malta Enterprises, the economic development agency of Malta .