|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.3800 - 1.4200|
|52 Week Range||0.8500 - 2.0400|
|Beta (3Y Monthly)||3.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Aurora Cannabis Inc. shares were in focus again Thursday, as investors continued to digest weaker-than-expected earnings and the company’s plans to grow its business.
Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations NEW YORK , May 17, 2019 /PRNewswire/ -- Virtual Investor Conferences, ...
Under the terms of the agreement, shareholders of Blissco will be offered 0.24 shares of Supreme Cannabis Company for each share they hold. Blissco, which positions itself as a premium wellness cannabis brand, will join Supreme Cannabis’ portfolio of brands and will operate as Supreme’s health and wellness business. The acquisition will give Supreme Cannabis Company access to Blissco’s 18,000 square foot production facility in Langley, British Columbia.
The Supreme Cannabis Co. Inc. said Thursday it has reached an agreement to acquire Blissco Cannabis Corp. in an all-stock deal valued at about C$48 million ($36 million). Under the terms of the deal, Blissco shareholders will receive 0.24 of Supreme Cannabis common stock. Blissco is a wellness brand that makes cannabis oils based in Langley, British Columbia, that operates a 18,000 square foot production facility with extraction capabilities. Blissco Chief Executive Damian Kettlewell will continue to lead the company and has committed to stay with Supreme Cannabis with at least 75% of his shares for a minimum of two years. The deal must be approved by shareholders at a special meeting. Neither stock was active premarket. Supreme Cannabis shares have gained 46% in 2019 to date, while the S&P 500 has gained 4.7%.
Blissco to complement Supreme Cannabis growing brand portfolio and accelerate its growth as a premium wellness-focused cannabis company. Share-based acquisition allows Blissco shareholders to continue to participate in upside of combined companies, and benefit from enhanced liquidity and access to capital. Supreme Cannabis has secured support from shareholders of Blissco representing approximately 52%, including CEO Damian Kettlewell.
Target annual production capacity is estimated to increase by 28% to approximately 33,580kg. Supreme Cannabis expects to submit additional rooms for Health Canada approval in the near term. TORONTO , May 13, 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 five additional flowering rooms totalling 50,000 sqft of additional production space at its facility in Kincardine, Ontario .
NEW YORK , May 6, 2019 /PRNewswire/ -- CannaStocks2019 today announced that its Q1 Investor Conference will be held at the OTC Markets Group offices in New York on May 15 th . Participating companies ...
TORONTO, May 6, 2019 /PRNewswire/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F) today announced that it will be providing its third quarter financial results for the three and nine months ended March 31, 2019 after markets close on May 13, 2019. The Supreme Cannabis Company, Inc., is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the Company has emerged as one of the world's fastest-growing, premium plant driven-lifestyle companies by effectively deploying capital, with an emphasis on disciplined growth and high-quality products.
Cannabis Sector Extended Its Losses Last Week(Continued from Prior Part)Cannabis stocks fellLast week, most of the stocks in the cannabis sector ended lower. The Horizons Marijuana Life Sciences ETF (HMMJ) fell ~1.2%, while the ETFMG Alternative
TORONTO , May 3, 2019 /PRNewswire/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is pleased to announce the Company's ...
ACB Trades Sideways ahead of Its Earnings Results(Continued from Prior Part)Sector performanceThe cannabis sector has been trading broadly flat ahead of the first-quarter earnings season. The Horizons Marijuana Life Sciences ETF (HMMJ) was up
Investors and major cannabis execs were in the same room April 17-18 at Benzinga's Cannabis Capital Conference in Toronto. Cannabis has the "power to transform human and wellness," said Robert Fireman, president and CEO of Marimed Inc (OTC: MRMD). One of the ways the medical cannabis company makes its mark is by offering a pure CBD product to treat children suffering from epilepsy, he said.
Cannabis Sector: Analyzing the Biggest Gains Last WeekWeekly gainersThe week ending April 26 brought some relief to cannabis sector investors. The Horizons Marijuana Life Sciences ETF (HMMJ) rose as much as 5.2%, while the ETFMG Alternative Harvest
Hexo (NYSE: HEXO) and Supreme Cannabis (OTC: SPRWF) are two options that still have significant upside for investors, which isn't easy to say for many cannabis stocks.Source: Shutterstock It's been a good year for cannabis stocks. But with several of the largest, most popular cannabis stocks already up more than 70% year-to-date, the marijuana space is looking fairly expensive. Given the lofty valuations in the cannabis group, some investors are looking for under-the-radar ways to play the marijuana trend.Bank of America recently initiated coverage of cannabis stocks. Their picks included popular cannabis plays Canopy Growth Corp. (NYSE: CGC) and Aurora Cannabis (NYSE: ACB). But Hexo and Supreme are couple of top picks that aren't typically among the most popular pot stocks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dividend Stocks That Could Double Over the Next Five Years Cannabis Stocks To Buy: HEXOSurprisingly, Bank of America analyst Christopher Carey named HEXO stock his top cannabis pick. Hexo is a cannabis company based in Quebec that has national distribution in Canada. It is also the preferred supplier of the province of Quebec.Aurora and Canopy are the two big dogs in Canadian production. Canopy's $16.2 billion market cap and Aurora's $9.1 billion market cap reflect those positions. However, Hexo is aggressively pushing to move into the top five.Hexo recently announced a buyout of Canada's Newstrike Brands for $263 million, the largest merger between two Canadian cannabis producers in history. The merger will quadruple Hexo's cultivation space from 579,000 square feet to more than 2.3 million square feet.Given HEXO stock is already up more than 100% year-to-date, its far from cheap compared to a few months ago. However, for investors looking for a long-term play on the cannabis trend, Hexo's $1.4 billion market cap leaves plenty of room for expansion.Carey says Quebec is home to 25% of Canada's legal-aged residents. He also says the company's five-year contract with Quebec de-risks the HEXO stock outlook, making it the safest Canadian cannabis stock."It is compelling on valuation vs peers… and with fundamentals grounded by the most de-risked cannabis supply in Canada (off-take with Quebec), an innovation-forward organization and potential for additional value-add partnerships," Carey says.Even after HEXO stock doubled in early 2019, Carey has a C$14 price target for HEXO. That target suggests an nearly 50% additional upside from current levels. Cannabis Stocks To Buy: Supreme CannabisHexo caught many stock investors off guard as Bank of America's top pick. However, investors looking for a true under-the-radar pick should consider Supreme Cannabis. Supreme is based in Ontario. It is focused primarily on the premium end of the cannabis market. As of 2019, the company operates mostly in the Canadian market. In the longer-term, it has plans to expand its business globally.Supreme is not in the same league as the other cannabis stocks I mentioned in terms of the size of its operation. SPRWF stock has a market cap of under $500 million. In March, Supreme announced a 50% increase in its total 7ACRES production space, which is still only 180,000 square feet. The company said it plans to hit 50,000 kg of annual production capacity by mid-2019.SPRWF stock is up 55% in 2019, but it has lagged its larger, high-flying peers. Carey says Supreme is selling in bulk to Canadian peers at around the same price peers are selling their product at retail. That's a testament to the pricing power of Supreme's product. Carey says Supreme's wholesale business gives the company flexibility over the next couple of years while it builds its retail processing and packaging operations.The potential downside to the wholesale business is that Supreme may be missing out on opportunity to build its brand among retail buyers. Supreme's 7ACRES was named "Brand of the Year" at the 2018 Canadian Cannabis Awards. But if the majority of the product is being sold to peers rather than consumers, Supreme may be missing out on a brand-building opportunity in the fledgling Canadian market.For cannabis stock investors looking for a high-risk/high-reward play, SPRWF stock may be the best opportunity out there. Safest Way To Play Cannabis StocksIt's always exciting to find under-the-radar stocks to buy and feel like you have a unique play on an idea like cannabis investing. However, the safest and smartest bets are typically the ones that minimize risk and maximize diversification.Investors like Warren Buffett who have been consistently successful over time tend to focus on companies that are best-of-breed and have leading market shares. In cannabis, those companies are Canopy and Aurora.But an even safer approach to cannabis stocks is buying an ETF. The recently-launched AdvisorShares Pure Cannabis ETF (NYSE: YOLO) launched just this month and holds around 40 different stocks. No matter which companies emerge as the winners, the YOLO ETF should benefit.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post 2 Under-The-Radar Cannabis Stocks with Significant Growth Potential appeared first on InvestorPlace.
Cannabis Stocks Keep Falling(Continued from Prior Part)HEXO gainsHEXO (HEXO) has been one of the best performers so far this year in the cannabis sector. The stock has returned almost 10.1% in April alone, and it has returned more than an enviable