Stock News

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.

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.

We take a closer look at some of the companies preparing to dominate the United States hemp-infused beverage market.

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.

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.

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 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.

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.

It's not hard to find anecdotes of how CBD has helped provide patients with pain relief, normally after exhausting all other options. The problem, however, is that there isn't a lot of data behind those claims and finding hard facts and numbers on the effectiveness of CBD is very difficult.

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.

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.

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.

Tilray Inc. announced that it would be purchasing FHF Holdings Ltd, known as Manitoba Harvest. According to the release, Manitoba Harvest is the "world's largest hemp food manufacturer" and sells products in more than 16,000 stores in both Canada and the U.S.

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.

MedMen Enterprises Inc., known for its popular Apple-like marijuana retail stores, is facing some big accusations from its former CFO. Normally, it's bad news if a company's CFO abruptly leaves the company. When the CFO actually goes to sue, which is what James Parker is doing, that's going to send alarm bells off everywhere.

With Canada set to legalize edibles sometime this year and the U.S. recently passing the Farm Bill, both sides of the border expect to see a flurry of activity surrounding beverages this year. Here are four companies to watch as the beverage market starts to take off:

Aurora Cannabis Inc. released its quarterly results on Monday, and there was certainly a lot of red on them. Here's a quick breakdown.

In what should come as no surprise, Aphria Inc (TSX:APHA)(NYSE:APHA) formally responded to and rejected a takeover bid by U.S. cannabis company Green Growth Brands Inc. (CSE:GGB) (GGBXF). Here's what they had to say.

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.

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.

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.

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.

Wheeling and dealing in the marijuana industry continues as we've learned that Tilray Inc (NASDAQ:TLRY) is expanding yet again. The big cannabis stock has entered into an agreement to purchase Natura Naturals Holdings. Natura is based out of Leamington, Ontario and will help boost Tilray's capacity.

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?

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...

CannTrust Holdings Inc (TSX:TRST) is the latest pot stock to apply to be listed on the NYSE. The company announced earlier this week that it had submitted its application to the major U.S. exchange.

Last year, we saw some of the big name cannabis stocks opt to list on the U.S. exchanges as they looked to build credibility while also trying to draw in more investments. However, along with that came a lot more scrutiny and expectations from analysts.