The Canopy Growth earnings report beat views with Tilray due late Monday. Canopy Growth, Tilray and other marijuana stocks rose. READ MORE: https://finance.yahoo.com/m/4a58d509-521d-3af7-8fa4-22d52e730520/marijuana-stocks:-canopy.html?.tsrc=rss
Had the coronavirus pandemic not struck, 2020 would have been a good year for cannabis. Several states were planning on legalizing cannabis either through a ballot or inclusion in the budget, but a lot of these plans have been put on the backburner. However, despite the ongoing health and economic crisis, cannabis stocks have fared relatively well. There was an…
Marijuana stocks fell after Canadian cannabis producer Cronos reported a steeper-than-expected Q2 loss. READ MORE: https://finance.yahoo.com/m/dd763ed6-4349-32c9-9a7f-ef194b0f012f/marijuana-stocks-fall-as-low.html?.tsrc=rss
Cannabis stocks recovered nearly all of the losses from June during July, with the Global Cannabis Stock Index increasing 9.0% to 32.07: The index, which had 37 qualifying members during the month following the quarterly rebalancing at the end of June, declined 34.1% in 2019 to 42.20 and is now down 24.0% in 2020: After posting an […] READ MORE: https://www.newcannabisventures.com/cannabis-stocks-jump-9-in-july-to-extend-q2-gains/
New Factors Could Help to Push The Cannabis Industry Forward Although 2020 has been quite good for marijuana stocks, many investors believe that 2021 could be even better. After COVID began to spread rapidly at the beginning of the year, the entire cannabis industry shot down in value. After a month or two, reports began to show that demand for…
After dropping 11.4% in June, the Canadian Cannabis LP Index managed only a slight recovery in July due to weak performance from the largest LPs, gaining 0.8% to 285.33: Over the past year, the index has declined 64.0%: The index remains substantially below the all-time closing high of 1314.33 in September 2018, just ahead of Canadian legalization. In March, […] READ MORE: https://www.newcannabisventures.com/canadian-lps-lag-rallying-cannabis-stocks-in-july-with-1-gain/
For the past 16 months, marijuana stocks have been a nightmarish holding for investors. On the other hand, it means that not every pot stock can be a winner. While it’s still a bit too early to concretely call certain marijuana stocks long-term winners or losers, there are a handful of companies that should be surrounded with yellow caution tape,…
Adding to a 29% gain in Q2 despite a pullback in June, the American Cannabis Operator Index rocketed higher in July, increasing 26.7% to 34.53: The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining to 70.64 in late December 2018. […] READ MORE: https://www.newcannabisventures.com/american-cannabis-operator-stocks-soar-27-in-july/
Cannabis stocks, and overall markets, closed the week in the green, as cannabis companies got into their earnings season.”Earnings season is just starting to come to life as Scotts Miracle Gro (NYSE: SMG)’s Hawthorne group just crushed it,” Debra Borchardt, Editor-In-Chief of Green Market Report told Benzinga. “Things are going so well over at Scotts that even the non-bonus employees…
How This Summer Could Continue to Push the Boundaries of Pot Stock Growth Despite the COVID pandemic disappointing many world markets, the cannabis industry has continued to grow. This is due to the fact that demand has risen sharply since this awful disease began to spread. Because of this, many leading marijuana stocks to watch have continued to report gains…
Aprhia stock and most marijuana stocks fell on Wednesday after the Canadian cannabis producer reported worse-than-expected fiscal Q4 losses. READ MORE: https://finance.yahoo.com/m/f983523a-40f3-3bb7-9797-58bc2c363c0c/marijuana-stocks-fall-as.html?.tsrc=rss
Extending Monday’s rally, shares of some of the top cannabis stocks continued to increase. Two notable Tuesday gainers were Canopy Growth (NYSE: CGC) and Aurora Cannabis (NYSE: ACB), which blasted nearly 15% and almost 10% higher on the day, respectively. Likely realizing that it has enough struggles in North America, Aurora announced last week that it was scaling back its…