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.
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.
Recent research suggests that cannabis effects could be obtained from yeast itself. In what could prove to revolutionize the process, it's been found that Saccharomyces cerevisiae, which is found in yeast, can be turned into tetrahydrocannabinol (THC) or cannabidiol (CBD).
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.
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.
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.
A lot of big names have gotten involved in the cannabis industry, with the latest one being Martha Stewart. The popular businesswoman and television personality is joining Canopy Growth Corp in an advisory role where she is going to help develop cannabidiol (CBD) products. She offered a hint as to what her first project is going to be focusing on.
An investment bank out of New York thinks that in a decade the cannabis industry could grow to be $130 billion. Jeffries Group, the company behind the estimate, is relying on assumptions that we'll see legalization progress around the world.
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.
Canopy Growth Corp announced that it will be working with Alimentation Couche-Tard Inc (TSX:ATD.B) on a cannabis store in London, Ontario. The two companies entered into a multi-year agreement and will help support the operator of the London store, who was one of the lottery winners that was able to obtain a license to setup a pot shop in the province.
Canopy Growth Corp. released its third-quarter results last week which showed the big pot producer selling more than 10,000 kilograms during the period. Here's a closer look at their financials to see just how well the big pot producer did during the quarter.
Aurora Cannabis Inc. released its quarterly results on Monday, and there was certainly a lot of red on them. Here's a quick breakdown.
Namaste Technologies Inc. declined sharply after news hit that it was letting go of its CEO Sean Dollinger. Initially, allegations of wrongdoing were raised by a short seller, which led to an internal investigation being done by The Company.
Here's a look at four companies that could be big players on the cannabis retail stage over the next few years, in both Canada and the U.S.
In 2018, when Potash Corporation of Saskatchewan merged with Agrium Inc. to form Nutrien Ltd., the ticker symbol 'POT' became available to use. Naturally, with the cannabis industry taking off and generating a lot of excitement, many companies were vying to use the symbol. And due to the significant interest in the symbol, the Canadian exchanges did the only thing they deemed reasonable: hold a lottery.
Canada's cannabis retail sector lacks imagination -- but a handful of forward-thinking Canadian marijuana producers are about to change that.
National Access Cannabis Corp. plans to be a big player in the retail landscape and their early quarterly results are a good indication that things are on the right track.
Just months after marijuana's legalization in Canada, innovative cannabis retailers are emerging to disrupt Canada's marijuana retail landscape.
The Ontario Cannabis Store received a lot of complaints about its slow delivery when it started selling pot back in October. However, the government-run organization is now looking to offer consumers much quicker turnaround times, in the form of same-day delivery.
Last month, Green Growth Brands Inc (CNSX:GGB) expressed interest in acquiring Canadian cannabis giant Aphria Inc (TSX:APHA)(NYSE:APHA). While many people questioned the seriousness of it, Green Growth seems determined to prove otherwise as it is making a second bid for the stock.
In late 2016 and early 2017, Organigram Holdings Inc (TSXV:OGI) began voluntary recalls of its medical marijuana products after pesticides which were not permitted to be used on cannabis, as per the Pest Control Products Act, were detected. The recalls fell into hazard categories II and III, which suggested that at worst, there might be temporary side effects for affected customers...now here comes the lawsuits.
Companies have been looking at partnerships and key deals to help further their prospects for growth in the industry. We've seen beverage makers and tobacco companies link up with cannabis companies already, and that's only the start...it's branding time. And Tilray just announced a major brand partner.
National Access Cannabis' stock trades on the TSX Venture and with a market cap of around $100 million. It still has a long way to go in catching up to some of the bigger players in the industry. Could their latest acquisition help?
Earlier this week, we learned that Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) had come to terms to acquire yet another company: Whistler Medical Marijuana. The deal, valued at $175 million, will of course be yet another all-stock transaction between the two companies. With only $148 million in cash on its books last quarter and the company burning through a lot of it during the course of its operations, is there enough for Aurora to spare?
Last week, Aphria Inc (TSX:APHA)(NYSE:APHA) released its quarterly results. It was the first quarter that included sales post-legalization so investors were expecting to see a big boost. And while Aphria did see sales more than double from a year ago, they were still well short of expectations...
It didn't take long for one of the big players to get moving on a big development in the industry. On Monday, we learned that Canopy Growth Corp (TSX:WEED)(NYSE:CGC) had obtained a license from the State of New York to produce and process hemp. It was just last month that the Farm Bill had passed in the U.S.
This year could be a big one for marijuana edibles. With hemp-derived cannabidiol (CBD) recently being legalized in the U.S. and Canada expecting to legalize edibles sometime this year, there could be significant growth opportunities for cannabis stocks this year. Here are four stocks set to take advantage of this boom.







































