The drama between Green Growth Brands Ltd (CSE:GGB) and Aphria Inc (NYSE:APHA)(TSX:APHA) has dragged on for far too long.
Aurora Cannabis Inc (NYSE:ACB)(TSX:ACB) announced it has entered into an agreement with EnWave Corporation (TSX-V:ENW) to use its Radiant Energy Vacuum (REV) technology.
Acreage Holdings Inc. (CSE:ACRG.U) is already benefiting from a deal that hasn't even gone through. Recently, we learned that Canopy Growth Corp (NYSE:CGC)(TSX:WEED) was going to acquire Acreage but that the purchase would be contingent on marijuana first being legalized federally in the U.S. While that seems like a long ways away, that doesn't mean it hasn't been yielding results for Acreage already.
Aurora Cannabis Inc (NYSE:ACB)(TSX:ACB) has caused issues with some of its neighbours regarding the smell that comes along with producing marijuana. And because Aurora Cannabis wants to be a good neighbour, it's working on trying to do what it can to minimize the impact.
With concerns of another rollout potentially in danger of falling flat, the Cannabis Beverage Producers Alliances has been formed by cannabis and alcohol companies. The group includes both Molson Coors Canada (TSX:TPX.B) and Hexo Corp (TSX:HEXO), which are working together under a joint venture. A total of 10 companies are included in the Alliance.
Delta 9 Cannabis (TSX-V:NINE) reported its quarterly earnings late Monday night. Revenues of $5.27 million for the quarter were 17 times the total that The Company recorded a year ago of just $302,284. Not only did Delta 9 show significant sales growth from last year, but even from Q3, which didn't include a full quarter of recreational sales. Revenues were more than quadruple the $1.25 million that was generated in the previous quarter. There was tremendous growth in Delta 9's top line that's sure to continue as we see the industry continue to grow.
Cannabis investors have yet another option for a marijuana ETF. AdvisorShares Pure Cannabis ETF (NYSE Arca:YOLO) is actively managed and contains a mix of both U.S. and Canadian stocks. The ETF began trading last week on the NYSE Arca Exchange and as of yesterday held 23 different stocks.
Let's look at who the top five cannabis companies in terms of sales, and then relate that to their market caps to see which ones are more reasonably priced.
CannTrust Holdings Inc (NYSE:CTST)(TSX:TRST) released an update on Monday on how The Company did during its most recent quarter, which ended March 31.
Zenabis Global Inc (TSX-V:ZENA) announced on Monday that The Company had received conditional approval to move to the TSX from the Venture Exchange.
Aurora Cannabis Inc (NYSE:ACB)(TSX:ACB) is launching a new competition that will be sure to be a big hit with the cannabis industry and budtenders across the country. In what The Company is calling a 'national competition,' Aurora is searching for the 'Top Budmaster' in Canada.
Canopy Growth Corp (NYSE:CGC)(TSX:WEED) Co-CEO Bruce Linton never lacks confidence. His latest projection of where The Company is headed, however, might be a little much, even for him.
Cannabis-infused beverages are a lot of the hype this year. As more States legalize edibles and Canada set to allow them later this year, it's a segment of the industry that's going to take off - soon. According to Zenith Global, cannabis drinks reached $86 million in sales in 2018 for the U.S. market. However, by 2023, it estimates that number will jump to $1.4 billion.
There is a big bill circulating the U.S. government that could have a big impact on the cannabis industry. The Strengthening the Tenth Amendment Through Entrusting States (STATES) Act could lead to significant opportunities in the U.S. It could help open the door to more consolidation of U.S. and Canadian operations and lead to more mergers and acquisitions. Here are five companies to watch for if the bill passes.
National Access Cannabis Corp (NAC) (TSX-V:META) released its second-quarter results on Tuesday. Sales for the company's first full quarter where the recreational market was open were significant, coming in at over $16.2 million. In the previous quarter, sales were $3.8 million for the three months ending November 30.
On April 18, investors will have the opportunity to invest in a new marijuana ETF, the first that focuses on U.S. pot stocks.
The last time Canopy Growth Corp (TSX:WEED)(NYSE:CGC) was trading this low was back in January. Although it was beginning to look like 2019 was going to be a strong year for The Company, we've seen the market start to have some doubts about it as over the past weeks Canopy Growth's stock price has started to falter.
OrganiGram Holdings Inc (TSX-V:OGI) released its Q2 results on Monday. Net revenues of $26.9 million were about eight times the sales that The Company generated a year ago, which totalled just $3.4 million. However, despite the incredible sales growth, OrganiGram's bottom line finished in the red with a loss of $6.4 million compared to a profit of $1.2 million in the prior year.
With financings abound, we provide an update on the expansion plans of some of the most ambitious vertically integrated cannabis companies.
Aphria Inc (TSX:APHA)(NYSE:APHA) released its third-quarter results on Monday, showing significant growth for the quarter. For the period ending February 28, which included a full three months of the recreational market, net revenues reached just under $74 million. That's an increase of 617% from the prior year when sales were just $10 million.
Canopy Growth Corp (TSX:WEED)(NYSE:CGC) joins the S&P/TSX 60. It's another big first for the cannabis industry as it continues to gain credibility among investors.
On October 17, Canada legalized the recreational cannabis market. However, one key segment of the market that it did not include in the legislation was edibles. All we know is that by October 17 of this year or earlier, Canada is going to legalize edibles. But when that happens is still unclear.
Cannabis and food go hand in hand. Even a girl scout in California has realized how big of a business it is to sell food outside of a dispensary. It's no wonder restaurant Chefs see cannabis-infused foods as the next big trend for 2019.
It's been an odd few weeks for pot stocks where we've seen some big names struggle, while smaller companies have been on the rise.
With more recent data, the Canadian Cannabis market forecast has been cut by BDS Analytics.
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.
Price is going to be a key determinant for recreational cannabis users to select legal pot over the supply that they can get from the black market. It's no wonder the black market is winning that battle in Canada right now.
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.
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.
Colorado Governor Jared Polis signed a bill that would allow medical marijuana use to be expanded to include autism as a qualifying medical condition.
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.







































