Business

Five companies in the world of cannabis retail and the progress they've been making thus far.

Marijuana has been rapidly growing in popularity. And like a weed, has been making its way into just about every aspect of day-to-day life. From cookies to beverages to clothing and even television shows, marijuana culture has been taking off. Last month, there was even a cannabis wedding expo in Calgary, Alberta.

Profits have been very elusive for the cannabis industry, but Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) is looking to change that. The big marijuana company is looking to tighten up its ship as it looks to find itself on the right side of breakeven. In an interview with BNN Bloomberg, Aurora Chairman Michael Singer reportedly said that his company is "primed to become profitable this quarter."

Stocks listed on the Canadian Securities Exchange (CSE) are typically seen as higher risk than their TSX-listed counterparts. However, when it comes to pot stocks, those that are on the CSE also present a lot more opportunity.

Aphria Inc (TSX:APHA)(NYSE:APHA) and Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) have been very active when it comes to international expansion. And now, the two companies will be able to compete head-on in the German cannabis market.

Orchid Ventures, Inc. (CSE:ORCD) is one of the newest pot stocks to hit the Canadian Securities Exchange (CSE). The California-based company began trading on the CSE on March 18 of this year. And in less than a month of being listed, the stock price has already risen by more than 70%. Is more to come?

Aurora Cannabs Inc (TSX:ACB)(NYSE:ACB) keeps adding high-profile individuals into the fold, with a focus on growth and partnerships.

Horizons Marijuana Life Sciences ETF (TSX:HMMJ) has a collection of the biggest Canadian pot stocks and gives investors an easy way to diversify. With so many different options to invest in and many new pot stocks continuing to pop up, it can be very difficult for a new cannabis investor to decide which stock to invest in.

Last week, Charlotte's Web Holdings, Inc. (CSE:CWEB)(OTCQX:CWBHF) released its year-end results, which continued to show a lot of growth. The Company's sales reached $21.5 million for the three months ending December 31. This is an increase in Charlotte's Web's top line by more than 70% from the previous year.

As marijuana legalization has progressed in many parts of the world, cannabis companies have been working feverishly to expand and gain first-mover advantages in many emerging markets, could expanding into Europe this early be a mistake?

To get a better understanding of how Canada's online marijuana market is developing, we take a closer look at some of Canada’s most promising medical and recreational cannabis e-commerce platforms.

High Tide Inc. (CSE:HITI) released its first-quarter results on Monday which showed significant growth from where The Company was a year ago.

Ontario opens retail marijuana stores! Cannabis customers in the province have been waiting for this day for a long time and finally get to experience buying marijuana from a store.

Westleaf Inc (TSX-V:WL)(OTCQB:WSLFF) has launched an online e-commerce platform to help facilitate sales in Saskatchewan for its Prairie Records stores. The website, www.prairierecords.ca, gives customers the ability to buy cannabis, accessories and merchandise

We've seen a lot of wheeling and dealing in Canada when it comes to cannabis companies, but U.S. companies are getting in on the action as well. Cresco Labs (CSE:CL)(OTCQX:CRLBF) announced in a release today that it would be purchasing Origin House (CSE:OH)(OTCQX:ORHOF) in an all-stock deal valued at CAD $1.1 billion.

Cannabis retail has rapidly emerged as one of the most important components of the marijuana value chain. In this article, we explore some of Canada's leading cannabis retail brands.

CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) released its fourth-quarter earnings results on Thursday, which fell short of investor expectations as the stock proceeded to fall off a cliff following the news. With the stock down around 20% since it released its results, lets take a look at why the quarter was so bad.

Sproutly Canada, Inc. (CSE:SPR) (OTC: SRUTF) has skyrocketed this week and was forced after it announced it has been negotiating with an unnamed beverage company to develop cannabis-infused drinks.

One way Canopy Growth Corp (TSX:WEED)(NYSE:CGC) has been able to help differentiate itself and grow its brand has been by adding some big names into the mix. This week, we learned of another big name that it's going to be working with: Seth Rogen.

With all the excitement surrounding the industry's growth, many companies have been popping up in the hopes of gaining market share. And that's left novice investors with too many options to choose from. If you're interested in investing in cannabis, a new US marijuana ETF is coming.

The Green Organic Dutchman Holdings Ltd (TSX:TGOD) released its full-year results this past week as it is the latest Canadian cannabis company to reveal how it has performed since legalization.

As the cannabis industry continues to grow, so too does the demand for jobs. According to a report done by Leafly, which collects data on the cannabis industry, nearly 65,000 full-time jobs were created in the industry in 2018. And that number is only going to grow...

Canopy Growth Corp (TSX:WEED)(NYSE:CGC) is continuing to grow in the retail market in whatever way that it can. This week, we learned that yet another one of the Ontario lottery winners will open a store under one of its brands. This time, Tokyo Smoke will be the brand that's used for a store on Yonge Street in Toronto.

With cannabis edibles, extracts, and topicals expected to be legal in Canada later this year, we take a look at some of the biggest names in cannabis extraction.

For all the hype that's been surrounding legalization in Canada, sales have slowed. Dried cannabis sales of 6,416 kg in October were impressive for a two-week period but that pace hasn't kept up. Here's a look.

Tilray, Inc (NASDAQ:TLRY) released its Q4 and full-year results on Monday. Here's a look at how it performed.

Hexo Corp (TSX:HEXO) released its Q2 earnings this week in what the first full quarter of recreational sales. It was the first big test of the recreational market and it was definitely a big success. Sales of over $16 million dwarfed the $1 million in revenue that Hexo had earned a year ago. Even after excise, net revenues were still north of $13 million.

Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) got a big boost in share price when it announced that a big investor was going to join the company. Billionaire Nelson Peltz has been brought on as a strategic advisor to help "explore potential partnerships" while also advising on The Company's international expansion.

HEXO Corp (TSX:HEXO) is going to be acquiring Newstrike Brands Ltd. (TSX-V:HIP) in an all-stock deal valued at $263 million. It shouldn't come as a big surprise to investors as Newstrike was in talks last year with Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) but failed to come to terms on a deal.

With North America expected to become the largest cannabis market in the world, we examine some of the fastest growing cannabis retailers preparing to dominate this market.

With more retailers opening for business and the edibles market likely coming online this year, there's going to be many more growth opportunities. Here are some of the hottest cannabis stocks right now that are positioning themselves to take advantage of the fast-growing retail market.

We examine how some of the world’s largest retailers are growing their bottled water market share ahead of CBD's seemingly inevitable legalization.

Back in November of 2018, the State of Michigan officially opened for business when its first medical marijuana dispensary opened. Besides a slow first month where sales hit $7.1 million, the State has seen sales average over $11 million since then.

This past week, Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) got a boost in price when analysts at Cowen Inc., an investment bank in the U.S., said that Aurora was its top pick for the sector.

National Access Cannabis Corp. is one of the bigger retailers and earlier this week the Company provided an update on its operations. Since legalization back in October, National Access Cannabis Corp (NAC) has generated sales of more than $20 million through its retail network. Previously, The Company had said it had done a little over $10 million in the first 80 days, and now with 140 days gone by, that number has doubled.

MedMen Enterprises Inc (CSE:MMEN) released its year-end results at the end of February and while sales were good, it was still nowhere near profitable. During the second quarter, The Company recorded sales of nearly $30 million, which is almost 10 times the amount that it posted a year ago. For the past six months, revenues reached $51 million compared to $5 million in 2017.

Aurora Cannabis Inc. continues building on its reach across the globe. The Company recently announced that it had acquired a controlling interest (51%) of a Portuguese company, Gaia Pharm Lda., which will now be known as Aurora Portugal Lda.

The retail footprint for cannabis continues to grow. Last week, five stores in Banff, Alberta were granted development permits, although the companies set to operate those locations still are awaiting approval from the province. One of those companies is Westleaf Inc., which is looking to be one of the biggest retailers in Western Canada with its record-store like brand, Prairie Records.

Canada’s marijuana landscape is evolving rapidly. In order to get a better understanding of how the cannabis industry is progressing, we have identified 5 emerging cannabis leaders in categories such as retail, cultivation, extraction, overall size, and international footprint.

How the cannabis retail market will look remains one of the marijuana's sector's biggest unknowns. Here is an overview of four big cannabis companies and their very different approaches for gaining market share in the retail space.