Marijuana Business News

Synonyms: 
stocks
business
Mon
28
Jan

Will Aphria Inc (TSX:APHA) be bought out?

Aphria (TSX:APHA)(NYSE:APHA) has been on a great run in January. Starting off the year at $8.15, it reached $9.36 by the middle of this week — a 14% gain. This rally comes after a weak late 2018 for the company, which saw its stock fall 60% in the course of four months. During that time, Aphria had been rocked by short attacks, scathing accusations, and even lawsuits. But now, a takeover attempt by Green Growth Brands, based on an offer of 1.5 Green Growth shares per Aphria share, has renewed interest in the stock.

Mon
28
Jan

How the U.S. market could send Aurora Cannabis Inc (TSX:ACB) stock soaring

The United States is a vast and growing marijuana market, both for illicit vendors and, increasingly, legitimate producers. Ever since 2012, when Colorado and Washington took the plunge, U.S. states have been legalizing cannabis at a rapid pace. Although recreational cannabis is only legal in 10 states right now, medical marijuana is legal in 33, making the legitimate U.S. market a sizable one. And with many more states considering legalization, it’s set to grow larger.

Mon
28
Jan

3 pot stocks that benefit if New York legalizes recreational marijuana

The marijuana industry has been growing like a weed for years, but it brought something new to the table in 2018: legitimacy.

Following years of promises from Canadian Prime Minister Justin Trudeau, and months of debate in the Senate, Canada became the first industrialized country to give the green light to adult-use weed in June, with sales officially beginning on Oct. 17, 2018. Rolling out the red carpet for cannabis signifies that this is a valid business model that could potentially make investors very rich over the long run.

Mon
28
Jan

Could Aurora Cannabis be a millionaire-maker stock?

Let's cut to the chase. Yes, Aurora Cannabis (NYSE:ACB)could be a millionaire-maker stock. Given a large enough initial investment and enough time, many stocks -- including Aurora -- could generate returns of $1 million or more.

The real question, though, is whether an investor buying a reasonable stake in Aurora Cannabis has a realistic chance of becoming a millionaire from this initial investment over a period of time that's not ridiculously long. For example, could a $10,000 initial investment in Aurora turn into $1 million within 25 years?

Mon
28
Jan

It seems Cronos Group Inc. (CRON) will go up. Just reaches all time high

The stock of Cronos Group Inc. (NASDAQ:CRON) reached all time high today, Jan, 27 and still has $17.30 target or 8.00 % above today’s $16.02 share price. This indicates more upside for the $2.86 billion company. This technical setup was reported by Barchart.com. If the $17.30 PT is reached, the company will be worth $228.48 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

Mon
28
Jan

Tilray just schooled Aurora Cannabis in dealmaking -- but is it the better marijuana stock?

You can learn a lot about a company's management team by the deals that it makes and doesn't make. Some executives want to grow through mergers and acquisitions regardless of the cost. Others choose to be more deliberative about how they spend shareholders' money.

Recent deals made by Aurora Cannabis (NYSE: ACB) and Tilray (NASDAQ: TLRY) are especially instructive. In fact, my view is that Tilray just schooled Aurora Cannabis on the right way to make an acquisition. Does this hint at Tilray being the better marijuana stock over the long run?

Mon
28
Jan

Cannabis comes to Davos, sharing spotlight with global elites

If more proof was needed that cannabis is becoming accepted by the world’s financial and political elite, what better place to find it than at the Swiss ski resort of Davos?

While the usual cadre of billionaires, politicians and bankers debated the hot topics of the day (China, Brexit, trade), there was Bruce Linton of Canopy Growth Inc. extolling the virtues of legal pot with a Congolese Queen.

Fri
25
Jan

2 stocks to buy before the markets rebound

With markets down in the past few months, there was one area where investors should really have taken advantage of the market downturn. No, it’s not marijuana, and not even energy stocks. It’s the tech industry.

On January 19, Evolve Cyber Security Index ETF was announced as Canada’s top-performing ETF for 2018. Evolve boasted a 19.4% return to its investors for the year, despite the economic slowdown.

The tech industry is booming, and there are a few stocks out there that could give investors some huge returns. Better still, those stocks are still well below fair value, and stand to make some major jumps over the next year.

Fri
25
Jan

Is Aurora Cannabis Inc. (TSX:ACB) or HEXO Inc. (TSX:HEXO) stock attractive right now?

A recovery in marijuana stocks is bringing investors back into the sector, and many are wondering which pot stocks might offer the best opportunities for additional gains today.

Let’s take a look at Aurora Cannabis (TSX:ACB)(NYSE:ACB) and HEXO (TSX:HEXO) to see if one might be an attractive addition to your portfolio.

Fri
25
Jan

CannTrust Holdings expansion plan is good to go

CannTrust Holdings Inc.(TSX:TRST), one of the Canadian cannabis stocks, Tuesday said it has received the necessary permitting from the Town of Pelham in Canada’s Niagara Region to begin its Phase III expansion. The construction process is set to begin immediately.

The revised Phase III expansion is permitted for a footprint of up to 390,000 sq. ft. versus the 600,000 sq. ft. that was initially planned. However, with enhancements such as automation and a higher level of climate control, CannTrust would maintain its total production capacity forecast of 100,000 kg per year after completion of the Phase III construction.

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