|Bid||32.52 x 0|
|Ask||32.53 x 0|
|Day's Range||30.86 - 33.06|
|52 Week Range||6.58 - 44.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.06|
Selling prices and per-gram production costs for cannabis will likely be defining factors in the success of Canadian cannabis producers (HMMJ). Most producers will be dealing with one purchaser in each province—the government—which will mean less bargaining power for producers. Pricing in each province will vary depending on demand and the objectives the provincial governments aim to achieve.
NEW YORK, NY / ACCESSWIRE / March 15, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
CWCBExpo NY Top Speakers include Bruce Linton of Canopy Growth & Sumit Mehta of Mazakali PARAMUS, N.J. , March 14, 2018 /PRNewswire/ -- The market to invest and finance cannabis businesses is growing and ...
Canada's main stock index closed slightly higher on Monday as gold producers overcame earlier declines and helped offset energy shares that were dragged lower by the price of oil. * The Toronto Stock Exchange's ...
Canopy Growth Corporation’s (TSX:WEED): Canopy Growth Corporation, through its subsidiaries, produces and sells medical marijuana in Canada. The CA$6.14B market-cap posted a loss in its most recent financial year ofRead More...
Currently, the company has 101,000 square feet of licensed capacity, which includes the recently added space of 57,000 square feet. The company also has two more expansion projects underway, which will build on to its current Part II facility.
In the earlier part of the series, we discussed how Aurora Cannabis (ACB) (ACBFF) plans to fund its production facility in Denmark. Aurora Cannabis is not the only Canadian cannabis-licensed producer to eye international markets. On March 6, Bloomberg Markets reported that Canopy Growth (WEED) put in a bid for privately held Spanish company Alcaliber.
Last week, Aurora Cannabis (ACB) (ACBFF) announced that it completed a $230 million offering of convertible debentures with a maturity date of two years and an annualized interest of 5%, payable semi-annually. The debenture was issued at a conversion price of 13.05 Canadian dollars per common share, which was at a 13% discount to its closing price of 11.3 Canadian dollars on March 9.
Over the past few months, Aurora Cannabis (ACB)(ACBFF) has become one of the most actively traded stocks on TSX. Given this liquidity and other factors, last week, the S&P Dow Jones Canadian Index Services announced the rebalancing of its S&P/TSX Composite Index and the addition of Aurora Cannabis. Last week, Bloomberg Markets reported that Aurora Cannabis is exploring the option of listing on US exchanges to gain access to US investors.
Aurora Cannabis (ACB) (ACBFF), another licensed cannabis producer, is also doing its part to expand its capacity. Aurora Cannabis currently has a total licensed capacity of 95,000 square feet, which makes up ~5% of the company’s total capacity, including that which is under construction and in design. Aurora Cannabis has ~848,000 square feet of capacity under construction, primarily in the provinces of Alberta and Quebec.
It’s natural that companies are anticipating high provincial demand for recreational cannabis (HMLSF) and ramping up their production capacities. Canopy Growth (WEED) recently said, “It will take two years and possibly longer to rollout the full network of regulated cannabis retail stores that is required to satisfy consumer demand.” This also gives producers time to gradually build their capacities. Let’s look at what Canopy Growth is up to on that front.
Ahead of the legalization of recreational cannabis, companies are ramping up their production capacities. Currently, Canada has a total of 91 licensed producers, of which 48 are in the province of Ontario. How a province goes about selecting its supplier will be critical for big and small players alike.
In anticipation of recreational cannabis’s legalization at the federal level in Canada (HMMJ), provinces have been doing their best to prepare. In most provinces, government agencies will oversee the procurement, distribution, and retail of recreational cannabis. On the other hand, government agencies in some provinces will oversee the procurement and distribution but will also allow private retailers to sell recreational cannabis to customers. These provinces include British Columbia, Alberta, Saskatchewan, and Manitoba.
SEATTLE, March 08, 2018-- CFN Media Group, the leading creative agency and media network dedicated to legal cannabis, announces publication of an article discussing the recent approval of Delta 9 Cannabis ...
In addition, by tracking analysts’ revisions, we can determine the direction of changes in estimates. In this article, we’ll discuss analysts’ estimate revisions for 2018 and 2019. In the chart above, we can see analysts’ estimate revisions for six companies for 2018 since the beginning of the year.
The new bit of news from Canopy Growth Corp comes as more marijuana stocks look to list themselves on the NASDAQ. This includes an announcement from rival Cronos Group (NASDAQ:CRON) that it is the first pot company from Canada to list on the stock exchange. While WEED stock was up on the news, the company has yet to say when it is planning to list itself on the NASDAQ.