144.95 -0.35 (-0.24%)
After hours: 7:53PM EDT
|Bid||144.00 x 800|
|Ask||145.00 x 800|
|Day's Range||141.00 - 159.24|
|52 Week Range||20.10 - 300.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||147.33|
US cannabis companies are worth a lot more than their current valuations suggest since federal illegality has put undue pressure on the industry, said one investor.
Don’t get swept up in all the hoopla over Canadian legalization, where a limited market and falling prices may produce big losses.
Reports from ArcView Market Research and its research partner BDS Analytics, say that over the next ten years, the legal cannabis industry will see even more progress around the globe. Three cannabis companies that deserve more focus on Friday include Integrated Cannabis Company (ICNAF)(ICAN), MPX Bioceutical Corporation (MPXEF)(MPX.CN), and Tilray Inc (TLRY). IntegratedCannabis Company (ICNAF) (ICAN) is focused on the health benefits of cannabis and CBD.
As buying marijuana becomes easier, so has investing in it. Here is a broad introduction to the biggest marijuana stocks trading in the U.S.
One question for American investors is how that affects U.S. marijuana stocks? What happened in Canada changes little in the U.S. The federal ban on marijuana remains in place. Yes, recreational and medical marijuana are legal in nine states and 31 states respectively.
U.S. border agents will confiscate marijuana, while Canadian officials said cross-border cannabis could result in up to 14 years in jail.
HENDERSON, NV / ACCESSWIRE / October 18, 2018 / With Canada getting set to make recreational marijuana legal on Wednesday, investors have been buying shares of CBD companies at an unbelievable pace. One company that has been flying and looks like it could continue its current pace Real Brands, Inc. (RLBD). RLBD successfully launched their CBD brand at the beginning of the year.
CORAL GABLES, FL / ACCESSWIRE / October 18, 2018 / The entire country of Canada has now joined a number of the states in the U.S. like California, Massachusetts, Maine, Colorado, Washington, Nevada and others as the first G7 country to bring legal marijuana to its people. Rightnow, investors are looking at a number of cannabis companies working to take full advantage of this market boom including NextGreen Wave (NGW), Tilray Inc. (TLRY), and SpeakEasy Cannabis Club Ltd. (EASY.CN)(OTC PINK: SPBBF). NextGreen Wave (NGW) released news this week that it has entered into a letter of intent whereby the Company intends to acquire 100% of Loud Seeds, LLC along with the Loud Seeds brand and all of its related assets.
The Zacks Analyst Blog Highlights: Tilray, Coca-Cola, Constellation Brands, Canopy Growth and ETFMG
Weed is finally legal in Canada. That is big news for pot stocks. Names like Cronos (NASDAQ:CRON), Tilray (NASDAQ:TLRY) and Canopy Growth (NYSE:CGC) all rallied big into this event as it was widely perceived as the biggest legal breakthrough yet in the still nascent cannabis narrative. Yet, the legalization of weed in Canada has become a “sell the news” event for pot stocks. On Oct. 17 — the day weed became legal — pot stocks dropped. As of writing, CRON stock is down 7% from Tuesday’s adjusted close. TLRY stock is down 6%, too, while CGC stock is down 4%.
Tilray (TLRY) stock gained ~11.7% on October 15 to $165 per share. Tilray has been a favorite for speculators, and the stock has experienced wild swings as we saw in September. As of October 15, Tilray was the most valuable cannabis company (HMMJ), ahead of Canopy Growth (WEED) (CGC) and Aurora Cannabis (ACB) (ACBFF). Let’s look at analysts’ recommendations and price targets in October.
On October 17, Aurora Cannabis (ACB) (ACBFF) announced that it received sales licenses from Health Canada. Aurora Cannabis stated that with the receipt of this sales license, the company’s dried cannabis and derivative product availability will increase. The company also received a sales license for cannabis soft gel products for its facility located in Quebec.
Recreational cannabis sales began in Canada on October 17, 2018. Canada is only the second country after Uruguay to legalize cannabis. As a powerful, developed nation, Canada may serve as a blueprint for other developed nations around the world.
NEW YORK, NY / ACCESSWIRE / October 18, 2018 / Major U.S. equities finished moderately lower on Wednesday with the Dow Jones dropping over 300 points after minutes from the Federal Reserve September’s ...