Marijuana Business News

Synonyms: 
stocks
business
Sun
16
Sep

Better Marijuana Stock: Tilray Inc. vs. Organigram Holdings Inc.

To say there's a difference between Canadian marijuana stocks Tilray Inc. (NASDAQ:TLRY) and Organigram Holdings Inc.(NASDAQOTH:OGRMF) is putting it mildly. The difference really shows up when you look at recent performance. Organigram jumped more than 50% in just the last month. That gain looks paltry, though, when you consider that Tilray has skyrocketed close to 350% in the same period.

But which of these marijuana stocks is the better pick for investors? The arguments for Tilray and Organigram aren't as different as you might think.

Sun
16
Sep

Better Marijuana Stock: HEXO Corp. vs. Auxly Cannabis

The big Canadian marijuana stocks get a lot more press than HEXO Corp. (NASDAQOTH:HYYDF) and Auxly Cannabis (NASDAQOTH:CBWTF). However, both HEXO and Auxly have intriguing stories. 

So far in 2018, HEXO definitely has the more positive story for investors. The stock is up more than 70%, while Auxly Cannabis' share price has plunged close to 30%. But anyone who follows the cannabis industry knows that what goes up can come down, and vice versa.

Which of these two marijuana stocks is the better pick for investors now? Here's what you need to know about the reasons to consider buying HEXO and Auxly Cannabis.

Sun
16
Sep

Why pot investors ought to mark down early February on their calendars

Legalization of marijuana in Canada is right around the corner, and Canadian investors who have bought into this mania and are sitting pretty are anxiously awaiting and expecting amazing results from the cannabis sector this upcoming quarter, one which should prove the viability of the recreational cannabis market and prove bears like me wrong.

October 17 is the official date the Canadian government has set to legalize the green commodity, and with provincial government-run stores and a small number of private stores beginning to open, expectations are that revenue and profitability will shoot through the roof in the coming months.

Sun
16
Sep

Better Buy: Aurora Cannabis Inc vs. Scotts Miracle-Gro Company

Aurora Cannabis (NASDAQOTH:ACBFF) generated revenue over the past 12 months of less than $50 million. Scotts Miracle-Gro (NYSE:SMG) generated revenue of more than $2.6 billion during the same period. Which stock do you think has the higher market cap? 

The answer is that Aurora's market cap is now roughly $2.4 billion greater than Scotts' market cap. The gap is due to a big surge in Aurora's stock price starting in late July. Before that, Scotts Miracle-Gro claimed the higher market cap.

But which of these stocks is the better pick for investors now? Here's how Aurora and Scotts compare against each other. 

Fri
14
Sep

Better marijuana stock: MedMen Enterprises Inc. vs. CannTrust Holdings Inc.

Which stock wins in a matchup between a U.S. marijuana retailer and a Canadian cannabis grower?

Marijuana stocks aren't all alike. MedMen Enterprises Inc.(NASDAQOTH:MMNFF) and CannTrust Holdings Inc. (NASDAQOTH:CNTTF) prove the point. Their business models are very different. MedMen is a U.S.-based company, while CannTrust is headquartered in Canada.

So far this year, CannTrust has turned in a better stock performance than MedMen has. But which of these two marijuana stocks is the better pick for investors now? Here's how MedMen and CannTrust stack up against each other.

Fri
14
Sep

Canada’s maturing big cannabis targets Europe for expansion funds

A favourite of do-it-yourself stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by boosting efforts to woo European funds as countries across the region approve marijuana for medical use.

For some time, companies including Canopy Growth Corp., Aurora Cannabis Inc. and Tilray Inc. have been signing export deals with European governments, buying local companies and opening production facilities in the region.

This year, they have also stepped up pitching their businesses to European funds at conferences and road shows, betting their size and first-mover advantage will help replace fickle retail investors with more stable institutions.

Fri
14
Sep

Medical marijuana users may seek ‘alternative’ sources in event of Canada Post work stoppage, Canopy Growth says

Canada’s largest licensed producer of medical marijuana says a work stoppage at Canada Post could leave many of its customers without their medications, resulting in some looking for unregulated, black market sources of cannabis to fill the void.

“What ends up happening is that people either go without their medicine or they find an alternative source,” said Jordan Sinclair, vice president of communications at Canopy Growth Corp.

“Those are the choices people have. There is no other legal means of getting cannabis in Canada, aside from through the mail.” The company has written to Canada Post and federal Health Minister Ginette Petitpas Taylor as it prepares contingency plans for a possible strike or lockout at the Crown agency.

Fri
14
Sep

Brace for 'scary down days' in cannabis stocks, marijuana fund manager warns

Brace for 'scary down days' in cannabis stocks, marijuana fund manager warns.

The manager of the first Canadian mutual fund focused exclusively on marijuana has some advice for investors: Get ready for some more “scary down days.”

“I wouldn’t be surprised if we saw a steep, sharp pullback, which will scare all the people that got in late, have a little bit of consolidation and then we start the next phase up,” said Bruce Campbell, founder of StoneCastle Investment Management Inc., which has about $150 million (US$115 million) in assets.

Fri
14
Sep

Zenabis exec stresses the importance of quality assurance in the cannabis industry

The key to a quality product is consistency, according to Karen Parent, who works as the Chief Quality and Compliance Officer at Zenabis - one of Canada’s largest Licensed Cannabis Producers, writes Brandon Hicks.

Parent’s job, as she puts it, is to "provide quality assurance and compliance, guidance and strategy for the facilities to ensure that we protect our license and meet all of the requisite regulatory requirements within Canada, as well as internationally."

Fri
14
Sep

London-area marijuana producer WeedMD strikes export deal with Australian firm

Southwestern Ontario is now a trailblazer in pot-growing.

London-area marijuana producer WeedMD is believed to be the first company in Canada to sell cannabis seeds abroad, a deal that puts the region at the forefront of an emerging international market, says the head of a marijuana trade association.

WeedMD, an Aylmer-based grower with a greenhouse operation in Strathroy, said Thursday it has exported seeds to Australia’s Medifarm, the country’s first-ever licensed medical marijuana producer.

Allan Rewak of the Cannabis Council of Canada, an industry group representing WeedMD and some of the country’s largest marijuana producers, called the Australia deal a “smart play.”

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